Worth reading
75Important
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
-5
¥100 million (interim operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsInterim period of the fiscal year ending February 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales259.5 Hundreds of millions of yen-4.0%
Operating profit-5 Hundreds of millions of yen
Ordinary income-4.2 Hundreds of millions of yen
Net income-5.6 Hundreds of millions of yen
Gross Profit Margin60.4 %
Operating profit margin-1.9 %
Selling, general and administrative expenses161.7 Hundreds of millions of yen
Results for the three months of the current quarter
Q1
Year-on-year change in revenue101 %
Q2
Year-on-year change in revenue91 %
Full-year earnings forecast
Net Sales
600 Hundreds of millions of yen
Gross profit
372 Hundreds of millions of yen
Selling, general and administrative expenses
351 Hundreds of millions of yen
Core operating profit
23 Hundreds of millions of yen
Operating profit
21 Hundreds of millions of yen
Ordinary income
20 Hundreds of millions of yen
Net income
40.2 Hundreds of millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Interim revenue was ¥1.65 billion below the initial plan, and the gross profit margin was 1.2 percentage points below the initial plan. Selling, general and administrative expenses were ¥380 million below the initial plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Year-on-year change-10.9 Hundreds of millions of yen
Sales Commissions
Year-on-year change-3.1 Hundreds of millions of yen
FA salaries
Year-on-year change-1.7 Hundreds of millions of yen
Outsourcing expenses
Year-on-year change0.6 Hundreds of millions of yen
Product inventory
Year-on-year change6 Hundreds of millions of yen
Carryover inventory
Year-on-year change1.7 Hundreds of millions of yen
Current- and next-period product inventory
Year-on-year change4.3 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Second-half revenue
340.5 Hundreds of millions of yen
Second-half operating profit
26 Hundreds of millions of yen
Second-half full-price sales ratio
61.9 %
Procurement plan for the fiscal year ending February 2027
190 Hundreds of millions of yen
Product inventory plan at the end of February 2027
84 Hundreds of millions of yen
New initiatives
- Rollout of the new AUREME brand and opening of its first store at NEWoMan Shinjuku
- Expansion of SANYO Style STORE and SANYO Style STORE PLUS locations
- Rebuilding the e-commerce platform, enhancing AI capabilities, and expanding OMO
- Establishment of the New Business Development Department in October 2026
- HANAE MORI launch scheduled for 2027
- Rollout of new brands and top-tier products under Japan Luxury
Key KPIsA metric the company considers important as a management benchmark.
- Full-price sales ratio61.4 %Year on year against the same period last year+1.7%
- Average selling price¥20,200Year on year against the same period last year+100.0%
- Equity ratio68.5 %Year on year against the same period last year-1.7%
- Debt-to-equity ratio (DER)0.2 times
- September in-store sales (all companies)111 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average selling price
¥20,200
Year-on-year change100
Full-price sales ratio
61.4 %
Year-on-year change (points)1.7
Medium-term management plan targets
ROE
10 %
E-commerce revenue (fiscal year ending February 2029)
130 Hundreds of millions of yen
E-commerce full-price sales ratio (fiscal year ending February 2029)
40 %
E-commerce ratio (fiscal year ending February 2029)
20 %
Financial targets
ROE target
10 %
Actual equity ratio
68.5 %
Actual debt-to-equity ratio
0.2 times
Number of stores and locations
Number of sales floors at period-end737 Sales floor
Plan at the end of February 2027724 Sales floor
Annual Dividend
Annual dividend per share
¥56.33
Interim Dividend
¥25.33
Year-end dividend forecast
¥31
Acquisition of treasury shares
Actual implementation resultsConducted 5 times since the period covered by the previous medium-term management plan, totaling 10.18 million shares and ¥11.65 billion
Current fiscal year onwardConsidering implementation as circumstances warrant
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Interim period of the fiscal year ending February 2027 |
| Net Sales | 259.5 Hundreds of millions of yen (YoY -4.0%) |
| Operating profit | -5 Hundreds of millions of yen |
| Ordinary income | -4.2 Hundreds of millions of yen |
| Net income | -5.6 Hundreds of millions of yen |
| Gross Profit Margin | 60.4 % |
| Operating profit margin | -1.9 % |
| Selling, general and administrative expenses | 161.7 Hundreds of millions of yen |
| Results for the three months of the current quarter | Q1 Year-on-year change in revenue 101 % / Q2 Year-on-year change in revenue 91 % |
| Full-year earnings forecast | Net Sales 600 Hundreds of millions of yen / Gross profit 372 Hundreds of millions of yen / Selling, general and administrative expenses 351 Hundreds of millions of yen / Core operating profit 23 Hundreds of millions of yen / Operating profit 21 Hundreds of millions of yen / Ordinary income 20 Hundreds of millions of yen / Net income 40.2 Hundreds of millions of yen |
| Self-assessment against the plan | Interim revenue was ¥1.65 billion below the initial plan, and the gross profit margin was 1.2 percentage points below the initial plan. Selling, general and administrative expenses were ¥380 million below the initial plan. |
| Breakdown of Factors Affecting the Change | Net Sales Year-on-year change -10.9 Hundreds of millions of yen / Sales Commissions Year-on-year change -3.1 Hundreds of millions of yen / FA salaries Year-on-year change -1.7 Hundreds of millions of yen / Outsourcing expenses Year-on-year change 0.6 Hundreds of millions of yen / Product inventory Year-on-year change 6 Hundreds of millions of yen / Carryover inventory Year-on-year change 1.7 Hundreds of millions of yen / Current- and next-period product inventory Year-on-year change 4.3 Hundreds of millions of yen |
| Key KPIs | Indicator Full-price sales ratio / Value 61.4 % / Year on year against the same period last year 1.7 %, Indicator Average selling price / Value ¥20,200 / Year on year against the same period last year ¥100, Indicator Equity ratio / Value 68.5 % / Year on year against the same period last year -1.7 %, Indicator Debt-to-equity ratio (DER) / Value 0.2 times / Year on year against the same period last year Not disclosed, Indicator September in-store sales (all companies) / Value 111 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average selling price ¥20,200 / Full-price sales ratio 61.4 % |
| Number of stores and locations | Number of sales floors at period-end 737 Sales floor / Number of store openings and closures during the period Not disclosed / Plan at the end of February 2027 724 Sales floor |
| Assumptions Underlying the Business Outlook | Second-half revenue 340.5 Hundreds of millions of yen / Second-half operating profit 26 Hundreds of millions of yen / Second-half full-price sales ratio 61.9 % / Procurement plan for the fiscal year ending February 2027 190 Hundreds of millions of yen / Product inventory plan at the end of February 2027 84 Hundreds of millions of yen |
| Medium-term management plan targets | ROE 10 % / E-commerce revenue (fiscal year ending February 2029) 130 Hundreds of millions of yen / E-commerce full-price sales ratio (fiscal year ending February 2029) 40 % / E-commerce ratio (fiscal year ending February 2029) 20 % |
| Financial targets | ROE target 10 % / Actual equity ratio 68.5 % / Actual debt-to-equity ratio 0.2 times |
| Annual Dividend | Annual dividend per share ¥56.33 / Interim Dividend ¥25.33 / Year-end dividend forecast ¥31 |
| Acquisition of treasury shares | Actual implementation results Conducted 5 times since the period covered by the previous medium-term management plan, totaling 10.18 million shares and ¥11.65 billion / Current fiscal year onward Considering implementation as circumstances warrant |
| New initiatives | Rollout of the new AUREME brand and opening of its first store at NEWoMan Shinjuku, Expansion of SANYO Style STORE and SANYO Style STORE PLUS locations, Rebuilding the e-commerce platform, enhancing AI capabilities, and expanding OMO, Establishment of the New Business Development Department in October 2026, HANAE MORI launch scheduled for 2027, Rollout of new brands and top-tier products under Japan Luxury |
Items this document does not state (9)
Progress against full-year forecastSegment resultsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital 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 cited uncertainty about the outlook for political and economic conditions, consumers' cost-consciousness due to rising prices, a sluggish market caused by unsettled weather in June, a lower full-price sales ratio due to inventory clearance from the end of the previous fiscal year, and higher costs associated with upfront investment in new brands and the reuse business. Meanwhile, September in-store sales were strong, and the Company stated that if this trend is maintained from the third quarter onward, the shortfall in the interim period could be recovered.
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.