Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-584
Millions of yen (year-on-year change in ordinary profit)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationSecond quarter (interim period) of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,183 million-1.4%
Operating profit¥868 million-37.2%
Ordinary income¥880 million-39.9%
Net income¥504 million-40.6%
Selling, general and administrative expenses¥13,000 million
Results for the three months of the current quarterQuarterly trends in net sales and operating profit margin are provided.
Full-year earnings forecast
Net Sales
¥48,494 million
Operating profit
¥2,500 million
Ordinary income
¥2,665 million
Net income
¥1,214 million
Cost of sales
¥16,922 million
Gross profit
¥31,572 million
Selling, general and administrative expenses
¥29,072 million
Capital Expenditure
¥1,956 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales43.7％
Men's revenue50.5％
Women's revenue42.2％
Other sales14.0％
Cost of sales43.2％
Gross profit43.9％
Selling, general and administrative expenses44.7％
Operating profit34.7％
Ordinary income33.0％
Net income41.5％
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to finish in line with the initial plan / Operating profit progress is within expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Higher cost of sales / lower revenueProfit: -¥326 million
Advertising expensesProfit: -¥115 million
Exhibition expensesProfit: -¥39 million
Non-Operating Income and ExpensesProfit: -¥70 million
Personnel ExpensesProfit: -¥58 million
Depreciation and amortizationProfit: -¥7 million
OtherProfit: -¥277 million
New initiatives
- Trial of the lifestyle concierge service at selected stores
- Development of ANBD, the manufacturing subsidiary in Bangladesh, and transfer of production
- Transfer of shares in ANPI, the manufacturing subsidiary in the Philippines
- Launch of the New HR System
- Implementation of Share Repurchases
Key KPIsA metric the company considers important as a management benchmark.
- Revenue from major products — total98.7 % year on year
- Revenue from major products — men102.4 % year on year
- Revenue from major products — women92.6 % year on year
- Number of visiting customers — total99 % year on year
- Number of visiting customers — men100.5 % year on year
- Number of visiting customers — women95.8 % year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of customer visits and sales from new and repeat customers are provided. Customer spend and average spend are Not disclosedSegment results
Men's
Net Sales
¥11,848 million+2.4%
Women's
Net Sales
¥8,717 million-5.3%
Other
Net Sales
¥617 million-13.1%
Medium-term management plan targets
The four-year roadmap for the ARTNATURE Frontier Plan. The fiscal year ending March 2027 is designated as the investment and infrastructure development phase, the fiscal year ending March 2028 as the implementation consolidation and monetization phase, and the fiscal years ending March 2029 through March 2030 as the results generation phase.Financial targets
Full-year ROE target: 4.5%. Cost of equity was 5.6% in the fiscal year ended March 2026Number of stores and locations
JO stores: 1 opening and 2 closures. Total stores at period-end: Not disclosedCapital expenditures
¥460 million interim-period actual
Annual Dividend
28 Yen per share
BreakdownInterim and year-end breakdown: Not disclosed
Payout ratio
Forecast at 75.1%. The basic policy is to maintain a consolidated dividend payout ratio of at least 40%, and at least 50% until ROE exceeds 10%Acquisition of treasury shares
Up to approximately ¥300 million
Number of SharesUp to 420,000 shares
Period16 November 2026
Method of acquisitionOff-auction purchase transaction (ToSTNeT-3)
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥21,183 million (YoY -1.4%) |
| Operating profit | ¥868 million (YoY -37.2%) |
| Ordinary income | ¥880 million (YoY -39.9%) |
| Net income | ¥504 million (YoY -40.6%) |
| Selling, general and administrative expenses | ¥13,000 million |
| Results for the three months of the current quarter | Quarterly trends in net sales and operating profit margin are provided. |
| Full-year earnings forecast | Net Sales ¥48,494 million / Operating profit ¥2,500 million / Ordinary income ¥2,665 million / Net income ¥1,214 million / Cost of sales ¥16,922 million / Gross profit ¥31,572 million / Selling, general and administrative expenses ¥29,072 million / Capital Expenditure ¥1,956 million |
| Progress against full-year forecast | Net Sales 43.7％ / Men's revenue 50.5％ / Women's revenue 42.2％ / Other sales 14.0％ / Cost of sales 43.2％ / Gross profit 43.9％ / Selling, general and administrative expenses 44.7％ / Operating profit 34.7％ / Ordinary income 33.0％ / Net income 41.5％ |
| Self-assessment against the plan | Expected to finish in line with the initial plan / Operating profit progress is within expectations |
| Segment results | Men's Net Sales ¥11,848 million (YoY +2.4%) / Women's Net Sales ¥8,717 million (YoY -5.3%) / Other Net Sales ¥617 million (YoY -13.1%) |
| Breakdown of Factors Affecting the Change | Higher cost of sales / lower revenue Profit: -¥326 million / Advertising expenses Profit: -¥115 million / Exhibition expenses Profit: -¥39 million / Non-Operating Income and Expenses Profit: -¥70 million / Personnel Expenses Profit: -¥58 million / Depreciation and amortization Profit: -¥7 million / Other Profit: -¥277 million |
| Key KPIs | Indicator Revenue from major products — total / Value 98.7 % year on year, Indicator Revenue from major products — men / Value 102.4 % year on year, Indicator Revenue from major products — women / Value 92.6 % year on year, Indicator Number of visiting customers — total / Value 99 % year on year, Indicator Number of visiting customers — men / Value 100.5 % year on year, Indicator Number of visiting customers — women / Value 95.8 % year on year |
| Unit price and quantity metrics | Number of customer visits and sales from new and repeat customers are provided. Customer spend and average spend are Not disclosed |
| Number of stores and locations | JO stores: 1 opening and 2 closures. Total stores at period-end: Not disclosed |
| Medium-term management plan targets | The four-year roadmap for the ARTNATURE Frontier Plan. The fiscal year ending March 2027 is designated as the investment and infrastructure development phase, the fiscal year ending March 2028 as the implementation consolidation and monetization phase, and the fiscal years ending March 2029 through March 2030 as the results generation phase. |
| Financial targets | Full-year ROE target: 4.5%. Cost of equity was 5.6% in the fiscal year ended March 2026 |
| Annual Dividend | 28 Yen per share |
| Payout ratio | Forecast at 75.1%. The basic policy is to maintain a consolidated dividend payout ratio of at least 40%, and at least 50% until ROE exceeds 10% |
| Acquisition of treasury shares | Amount Up to approximately ¥300 million / Number of Shares Up to 420,000 shares / Period 16 November 2026 / Method of acquisition Off-auction purchase transaction (ToSTNeT-3) |
| Capital expenditures | ¥460 million (interim-period actual) |
| New initiatives | Trial of the lifestyle concierge service at selected stores, Development of ANBD, the manufacturing subsidiary in Bangladesh, and transfer of production, Transfer of shares in ANPI, the manufacturing subsidiary in the Philippines, Launch of the New HR System, Implementation of Share Repurchases |
Items this document does not state (8)
Gross Profit MarginOperating profit marginNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In addition to the decline in gross profit accompanying lower net sales, advertising expenses, exhibition expenses, personnel expenses and depreciation increased due to strategic investments aimed at strengthening the customer base, production base and human capital. The women's business struggled to acquire new customers, while the men's business posted higher revenue on strong new sales.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.