Worth reading
31Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
5
¥100 million in profit improvement impactWording
Conditional
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFY2026 (11-month plan)4 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥197 100 million
Operating profit¥0.5 100 million
Operating profit margin0.3 %
Full-year earnings forecast
Consolidated revenue
¥197 100 million
Operating profit
¥0.5 100 million
Operating profit margin
0.3 %
ROE
6.3 %
ROIC
-0.8 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The previous medium-term management plan fell short of its initial targets for 3 consecutive years. The fiscal 2026 plan is positioned as a target that must be achieved.New initiatives
- Exit from unprofitable brands and stores
- Organizational restructuring into a 3-division structure comprising the Business Strategy Division, Product Strategy Division, and Corporate Strategy Division
- Focused investment in the e-commerce and overseas businesses
- DX investment utilizing an integrated data platform
- Human Capital Investment
Medium-term management plan targets
Previous Medium-Term Management Plan
FY2023–FY2025
FY2025 consolidated revenue target¥24,300 million
Target operating margin¥2 million
Actual consolidated revenue¥22,841 million
Results unit¥ million
Actual resultsOperating loss and ordinary loss
Next Medium-Term Management Plan
FY2027–FY2029
Scheduled disclosureApril 2027
Financial targets
ROE
FY2023 results3.6 %
Fiscal 2024 results5.6 %
FY2025 actual1.8 %
Fiscal 2026 Plan6.3 %
ROIC
FY2023 results1.9 %
Fiscal 2024 results1.6 %
FY2025 actual-2.4 %
Fiscal 2026 Plan-0.8 %
| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | FY2026 (11-month plan) |
| Net Sales | ¥197 100 million |
| Operating profit | ¥0.5 100 million |
| Operating profit margin | 0.3 % |
| Full-year earnings forecast | Consolidated revenue ¥197 100 million / Operating profit ¥0.5 100 million / Operating profit margin 0.3 % / ROE 6.3 % / ROIC -0.8 % |
| Self-assessment against the plan | The previous medium-term management plan fell short of its initial targets for 3 consecutive years. The fiscal 2026 plan is positioned as a target that must be achieved. |
| Medium-term management plan targets | Previous Medium-Term Management Plan Subject FY2023–FY2025 / FY2025 consolidated revenue target ¥24,300 million / Target operating margin ¥2 million / Actual consolidated revenue ¥22,841 million / Results unit ¥ million / Actual results Operating loss and ordinary loss / Next Medium-Term Management Plan Subject FY2027–FY2029 / Scheduled disclosure April 2027 |
| Financial targets | ROE FY2023 results 3.6 % / Fiscal 2024 results 5.6 % / FY2025 actual 1.8 % / Fiscal 2026 Plan 6.3 % / ROIC FY2023 results 1.9 % / Fiscal 2024 results 1.6 % / FY2025 actual -2.4 % / Fiscal 2026 Plan -0.8 % |
| New initiatives | Exit from unprofitable brands and stores, Organizational restructuring into a 3-division structure comprising the Business Strategy Division, Product Strategy Division, and Corporate Strategy Division, Focused investment in the e-commerce and overseas businesses, DX investment utilizing an integrated data platform, Human Capital Investment |
Items this document does not state (21)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.The company determined that a recovery based on an extension of its existing business model was not possible because its existing product-out model had diverged from customer needs, resulting in deteriorating profitability at existing stores, the need to rationalize unprofitable stores, and delays in establishing new formats. Resources freed up through the structural reforms will be invested in growth areas.
How to read this page
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