Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Existing-store sales grew as deeper merchandising reforms and the channel strategy bore fruit, the lineup of luxury brand watches was expanded, and new store openings and events increased revenue. Operating profit increased despite the effects of yen depreciation and higher raw material costs, helped by a decrease in temporary expenses associated with the revision of the retirement benefit plan.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥39,442 million (YoY +21.5%) |
| Operating profit | ¥2,709 million (YoY +141.0%) |
| Ordinary income | ¥2,871 million (YoY +119.2%) |
| Profit attributable to owners of the parent | ¥1,557 million (YoY +99.2%) |
| Net income per share | ¥72.50 |
| Equity ratio | End of the current fiscal period 59.9 / End of previous period 59.6 |
| Total assets | ¥70,276 million |
| Net assets | ¥42,088 million |
| Cash flows from operating activities | ¥-195 million |
| Cash flows from investing activities | ¥-582 million |
| Cash flows from financing activities | ¥1,020 million |
| Cash and cash equivalents at end of period | ¥1,568 million |
| Full-year earnings forecast | Net Sales ¥77,000 million (YoY +10.1%) / Operating profit ¥4,300 million (YoY +53.4%) / Ordinary income ¥4,600 million (YoY +45.4%) / Net income ¥2,650 million (YoY +47.9%) |
| Revision to Earnings Forecast | Net Sales ¥75,000 million → ¥77,000 million（+2.7%） / Operating profit ¥4,300 million → ¥4,300 million / Ordinary income ¥4,600 million → ¥4,600 million / Net income ¥2,650 million → ¥2,650 million |
| Annual Dividend Forecast | 83.00 yen and sen → 85.00 yen and sen |
| Segment revenue | Brand business ¥26,579 million (YoY +33.9%), Apparel Business ¥12,863 million (YoY +1.9%) |
| Segment profit | Brand business ¥2,175 million (YoY +143.4%), Apparel Business ¥1,033 million (YoY +30.6%) |
| Depreciation and amortization | ¥447 million |
| Impairment loss | ¥158 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Impairment Losses ¥158 million, Loss on closure of stores ¥2 million, Loss on termination of retirement benefit plans ¥36 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None (no material changes) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 24,331,356 shares |
| Treasury Shares at Period-End | Treasury shares at period-end: 2,838,206 shares |
| Factors Behind Changes in Business Performance | Existing-store sales grew as deeper merchandising reforms and the channel strategy bore fruit, the lineup of luxury brand watches was expanded, and new store openings and events increased revenue. Operating profit increased despite the effects of yen depreciation and higher raw material costs, helped by a decrease in temporary expenses associated with the revision of the retirement benefit plan. |
Items this document does not state (6)
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 revenue forecast was revised based on interim results. For profit at each stage, the company expects performance to progress as planned, taking into account its assessment of the operating environment and future investment plans. Factors cited in the results included deeper merchandising reforms, the channel strategy, an expanded product lineup, and new store openings and events.