Worth reading
62In 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
-2074
¥ million (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥36,228 million-5.4%
Operating profit¥6,740 million-18.8%
Ordinary income¥6,571 million-18.2%
Net income¥4,738 million+6.2%
Selling, general and administrative expenses1,733 Millions of yen fourth quarter of the fiscal year ended March 2026
Results for the three months of the current quarterConsolidated revenue was ¥10,386 million, operating income was ¥2,276 million, ordinary income was ¥2,216 million, and net income attributable to owners of the parent was ¥1,419 million. Year-on-year changes were -4.3%, -9.8%, -9.2% and +758.4%, respectively.
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥39,400 million
Operating profit
¥7,100 million
Ordinary income
¥6,900 million
Profit attributable to owners of the parent
¥4,620 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Actual results for the fiscal year ended March 2026 were below the initial earnings forecast. The dividend was in line with the initial forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in Information revenue¥642 million
- Decrease in Funeral Public Services revenue¥-401 million
- Decrease in Funeral Revenue Services revenue¥-222 million
- Decrease in Asset Consulting revenue¥-301 million
- Decrease in Human Resources revenue¥-189 million
- Decrease in personnel and labor costs¥264 million
- Increase in other costs¥-246 million
- Decrease in other SG&A expenses¥206 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The estimate of deaths in Tokyo assumes that the number of deaths in Tokyo will remain on an upward trend through 2065. Numerical assumptions for foreign exchange rates, raw material prices, interest rates and other factors were Not disclosed.New initiatives
- Plans to launch a DSR (digital short-run) service for publishing and printing during the fiscal year
- Expand the 1-to-1 on-demand merchandise manufacturing service related to IP
- Establish a holding company for the Funeral Services business on 1 April 2026
- Complete Yotsugi Funeral Hall in July 2026 and add 10 rooms
- Aim to begin operating 4 funeral halls by March 2027
Key KPIsA metric the company considers important as a management benchmark.
- Deaths in Tokyo137,206 peopleYear on year against the same period last yearYear-on-year change: -7,189 people; 95.0% of the previous year
- Number of cremations66,724 EngagementsYear on year against the same period last yearYear-on-year change: -6,247 cases; 91.4% of the previous year
- Funeral services conducted by funeral companies113 Year-on-year comparison %Year on year against the same period last yearEquivalent to +13.0 percentage points
- 東京博善 venue utilization rateMonthly trend providedYear on year against the same period last yearLower year on year in March due to an increase in the number of venues
- IP content merchandise businessMonthly profit in March
Segment results
Funeral Services and Public Services
Net Sales
¥5,428 million
Year-on-year change in revenue-9.3
Operating profit
¥1,191 million
Year-on-year operating profit growth-4.7
Funeral Services and Revenue Services
Net Sales
¥10,490 million
Year-on-year change in revenue0.5
Operating profit
¥3,628 million
Year-on-year operating profit growth-15.4
Information
Net Sales
¥14,972 million
Year-on-year change in revenue1.2
Operating profit
¥655 million
Year-on-year operating profit growth66
Human Resources
Net Sales
¥5,048 million
Year-on-year change in revenue-4.4
Operating profit
¥-71 million
Year-on-year operating profit growthImproved from a loss of ¥158 million in the previous fiscal year
Asset Consulting
Net Sales
¥288 million
Year-on-year change in revenue-82.1
Operating profit
¥-56 million
Year-on-year operating profit growthDeclined from ¥1,447 million in the previous fiscal year
Medium-term management plan targets
The next medium-term management plan will be formulated with a view to growth more than 5 years ahead and is scheduled to be announced once finalized. Specific target figures and target fiscal years were Not disclosed.Market Size / Share
東京博善's cremations accounted for approximately 70% of deaths in Tokyo's 23 wards as of March 2024. The materials state only that the Company aims to increase its share of the publishing market; specific figures were Not disclosed.Number of stores and locations
Construction added 5 rooms at the Kirigaya Funeral Hall, and operations began at Musashino Hall and Koto Hall, for a total of 2 halls. The total number of locations at the end of the fiscal year was Not disclosed.Number of employees
There were 1,002 employees at the end of the fourth quarter of the fiscal year ended March 2026, down 81 year on year. The number decreased in Human Resources due to the carve-out of the recruitment media business and increased in Funeral Services due to M&A and other factors.Annual Dividend
The actual annual dividend for the fiscal year ended March 2026 was ¥13.34 per share, comprising an interim dividend of ¥6.67 and a year-end dividend of ¥6.67. The forecast for the fiscal year ending March 2027 is also ¥13.34, comprising an interim dividend of ¥6.67 and a year-end dividend of ¥6.67.Payout ratio
38.9% for the fiscal year ended March 2026| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥36,228 million (YoY -5.4%) |
| Operating profit | ¥6,740 million (YoY -18.8%) |
| Ordinary income | ¥6,571 million (YoY -18.2%) |
| Net income | ¥4,738 million (YoY +6.2%) |
| Selling, general and administrative expenses | 1,733 Millions of yen (fourth quarter of the fiscal year ended March 2026) |
| Results for the three months of the current quarter | Consolidated revenue was ¥10,386 million, operating income was ¥2,276 million, ordinary income was ¥2,216 million, and net income attributable to owners of the parent was ¥1,419 million. Year-on-year changes were -4.3%, -9.8%, -9.2% and +758.4%, respectively. |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥39,400 million / Operating profit ¥7,100 million / Ordinary income ¥6,900 million / Profit attributable to owners of the parent ¥4,620 million |
| Self-assessment against the plan | Actual results for the fiscal year ended March 2026 were below the initial earnings forecast. The dividend was in line with the initial forecast. |
| Segment results | Funeral Services and Public Services Net Sales ¥5,428 million / Year-on-year change in revenue -9.3 / Operating profit ¥1,191 million / Year-on-year operating profit growth -4.7 / Funeral Services and Revenue Services Net Sales ¥10,490 million / Year-on-year change in revenue 0.5 / Operating profit ¥3,628 million / Year-on-year operating profit growth -15.4 / Information Net Sales ¥14,972 million / Year-on-year change in revenue 1.2 / Operating profit ¥655 million / Year-on-year operating profit growth 66 / Human Resources Net Sales ¥5,048 million / Year-on-year change in revenue -4.4 / Operating profit ¥-71 million / Year-on-year operating profit growth Improved from a loss of ¥158 million in the previous fiscal year / Asset Consulting Net Sales ¥288 million / Year-on-year change in revenue -82.1 / Operating profit ¥-56 million / Year-on-year operating profit growth Declined from ¥1,447 million in the previous fiscal year |
| Breakdown of Factors Affecting the Change | Factors Increase in Information revenue / Amount ¥642 million, Factors Decrease in Funeral Public Services revenue / Amount ¥-401 million, Factors Decrease in Funeral Revenue Services revenue / Amount ¥-222 million, Factors Decrease in Asset Consulting revenue / Amount ¥-301 million, Factors Decrease in Human Resources revenue / Amount ¥-189 million, Factors Decrease in personnel and labor costs / Amount ¥264 million, Factors Increase in other costs / Amount ¥-246 million, Factors Decrease in other SG&A expenses / Amount ¥206 million |
| Key KPIs | Indicator name Deaths in Tokyo / Value 137,206 people / Year on year against the same period last year Year-on-year change: -7,189 people; 95.0% of the previous year, Indicator name Number of cremations / Value 66,724 Engagements / Year on year against the same period last year Year-on-year change: -6,247 cases; 91.4% of the previous year, Indicator name Funeral services conducted by funeral companies / Value 113 Year-on-year comparison (%) / Year on year against the same period last year Equivalent to +13.0 percentage points, Indicator name 東京博善 venue utilization rate / Value Monthly trend provided / Year on year against the same period last year Lower year on year in March due to an increase in the number of venues, Indicator name IP content merchandise business / Value Monthly profit in March / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Construction added 5 rooms at the Kirigaya Funeral Hall, and operations began at Musashino Hall and Koto Hall, for a total of 2 halls. The total number of locations at the end of the fiscal year was Not disclosed. |
| Number of employees | There were 1,002 employees at the end of the fourth quarter of the fiscal year ended March 2026, down 81 year on year. The number decreased in Human Resources due to the carve-out of the recruitment media business and increased in Funeral Services due to M&A and other factors. |
| Assumptions Underlying the Business Outlook | The estimate of deaths in Tokyo assumes that the number of deaths in Tokyo will remain on an upward trend through 2065. Numerical assumptions for foreign exchange rates, raw material prices, interest rates and other factors were Not disclosed. |
| Medium-term management plan targets | The next medium-term management plan will be formulated with a view to growth more than 5 years ahead and is scheduled to be announced once finalized. Specific target figures and target fiscal years were Not disclosed. |
| Annual Dividend | The actual annual dividend for the fiscal year ended March 2026 was ¥13.34 per share, comprising an interim dividend of ¥6.67 and a year-end dividend of ¥6.67. The forecast for the fiscal year ending March 2027 is also ¥13.34, comprising an interim dividend of ¥6.67 and a year-end dividend of ¥6.67. |
| Payout ratio | 38.9% for the fiscal year ended March 2026 |
| Market Size / Share | 東京博善's cremations accounted for approximately 70% of deaths in Tokyo's 23 wards as of March 2024. The materials state only that the Company aims to increase its share of the publishing market; specific figures were Not disclosed. |
| New initiatives | Plans to launch a DSR (digital short-run) service for publishing and printing during the fiscal year, Expand the 1-to-1 on-demand merchandise manufacturing service related to IP, Establish a holding company for the Funeral Services business on 1 April 2026, Complete Yotsugi Funeral Hall in July 2026 and add 10 rooms, Aim to begin operating 4 funeral halls by March 2027 |
Items this document does not state (10)
Gross Profit MarginOperating profit marginProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.The main reasons for the decline in revenue and profit were a decrease in cremations and visitors resulting from the decline in the number of deaths in Tokyo, and the absence of revenue from large real estate-related projects recorded in the previous fiscal year. In the Information segment, printing projects, year-end lump-sum sales to public-sector customers and expense efficiencies contributed to higher profit.
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