Results for this period
Full year1 March 2025–28 February 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 Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The decline in revenue due to deteriorating market conditions, irregular weather conditions and other factors; lower full-price sales and gross margin ratios resulting from increased promotional sales; and the inability of efforts to reduce selling, general and administrative expenses to offset the decline in gross profit
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | 58,448 Millions of yen (YoY -3.4%) |
| Operating profit | 1,298 Millions of yen (YoY -52.2%) |
| Ordinary income | 1,436 Millions of yen (YoY -49.2%) |
| Profit attributable to owners of the parent | 4,113 Millions of yen (YoY +2.7%) |
| Net income per share | ¥392.17 |
| Operating Margin | 2.2% |
| Equity ratio | End of the current fiscal period 68.3% / End of previous period 68.9% |
| Total assets | 59,880 Millions of yen |
| Net assets | 40,923 Millions of yen |
| Cash flows from operating activities | 995 Millions of yen |
| Cash flows from investing activities | 1,637 Millions of yen |
| Cash flows from financing activities | -3,680 Millions of yen |
| Cash and cash equivalents at end of period | 18,492 Millions of yen |
| Full-year earnings forecast | Net Sales 60,000 Millions of yen (YoY +2.7%) / Operating profit 2,100 Millions of yen (YoY +61.7%) / Ordinary income 2,000 Millions of yen (YoY +39.3%) / Net income 4,020 Millions of yen (YoY -2.3%) |
| Annual Dividend Forecast | ¥139 → ¥147（+5.8%） |
| Payout ratio | 35.4% |
| Shareholder Return Policy | DOE4% |
| Depreciation and amortization | 1,136 Millions of yen |
| Impairment loss | 519 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of investment securities / Amount 4,115 Millions of yen / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount 3 Millions of yen, Item Impairment Losses / Amount 519 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | The company resolved to transfer a portion of the land on which its head office building stands. A gain on the transfer of ¥2.8 billion is expected, and is scheduled to be recognized as extraordinary income in the fiscal year ending February 2028. The company also plans to rebuild its head office building. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for members of the press, institutional investors and analysts) |
| Issued Shares at Period-End | 10,197,034 |
| Treasury Shares at Period-End | 716 |
| Factors Behind Changes in Business Performance | The decline in revenue due to deteriorating market conditions, irregular weather conditions and other factors; lower full-price sales and gross margin ratios resulting from increased promotional sales; and the inability of efforts to reduce selling, general and administrative expenses to offset the decline in gross profit |
Items this document does not state (5)
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.Revenue declined due to factors including U.S. tariff policies, higher resource prices, irregular weather conditions, weaker inbound tourism demand resulting from the Chinese government's request for people to refrain from traveling, and weakening consumer sentiment. To curb excess inventories caused by sluggish sales, the company increased promotional sales, resulting in lower full-price sales and gross margin ratios. Efforts to reduce selling, general and administrative expenses were insufficient to offset the decline in gross profit.