Worth reading
52Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
20.5
% (year-on-year decline in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)2023年1月1日〜2023年6月30日ConsolidatedJapanese GAAPNet Sales27,077¥ millionYear on year +3.6%Progress 49.2%
Operating profit1,379¥ millionYear on year -20.5%Progress 36.3%
Ordinary income1,808¥ millionYear on year -11.6%Progress 44.1%
Net income attributable to owners of the parent1,153¥ millionYear on year -14.8%Progress 41.2%
The 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.
Net income per share156.75円
Financial position at period-end
Total assets56,348¥ million
of which net assets 32,963 ¥ millionEquity ratio 58.5%vs. prior year-end +3.6pt
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.
Cash inflows and outflows
Operating+916
Investment-765
Financials-811
Net change-660
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.
Cash and cash equivalents at end of period¥8,844 million
Segment revenue
Apparel-related business28,09594.3%+3.9%
Production and OEM business1,0903.7%+3.3%
Logistics5912.0%-0.8%
Food-Service Business60.0%-76.5%
Segment profit
Apparel-related business1,699-18.1%
Production and OEM business29
Logistics18-25.5%
Food-Service Business-6
Regional sales
Japan12,20645.1%
South Korea13,75850.8%
Europe9543.5%
Hong Kong00.0%
China00.0%
United States1590.6%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥55,000 million (YoY +0.6%)
Operating profit¥3,800 million (YoY +2.6%)
Ordinary income¥4,100 million (YoY +2.3%)
Net income¥2,800 million (YoY +5.1%)
Annual Dividend Forecast¥60 → ¥70
Factors Behind Changes in Business Performance
百貨店や直営店の集客回復、インバウンド消費の復調、EC事業の強化により売上高が増加。韓国ではセール販売増加により売上高が増加した一方、売上総利益率が低下。不採算店舗の閉鎖や不採算事業の終了も実施。
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Impairment loss¥54 million
Breakdown of extraordinary income (loss)Extraordinary income Item 関係会社貸倒引当金戻入額 / Amount ¥52 million, Item Reversal of asset retirement obligations / Amount ¥1 million, Item Other / Amount ¥4 million / Extraordinary loss Item Impairment Losses on Shares of Affiliates / Amount ¥47 million, Item Impairment Losses / Amount ¥54 million, Item Losses on brand withdrawals / Amount ¥53 million
Depreciation and amortization¥689 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (for analysts and the press)
Issued Shares at Period-End7,755,313
Treasury Shares at Period-End376,235
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年1月1日〜2023年6月30日 |
| Net Sales | ¥27,077 million (YoY +3.6%) |
| Operating profit | ¥1,379 million (YoY -20.5%) |
| Ordinary income | ¥1,808 million (YoY -11.6%) |
| Profit attributable to owners of the parent | ¥1,153 million (YoY -14.8%) |
| Net income per share | 156.75円 |
| Equity ratio | End of the current fiscal period 58.5 / End of previous period 54.9 |
| Total assets | ¥56,348 million |
| Net assets | ¥32,963 million |
| Cash flows from operating activities | ¥916 million |
| Cash flows from investing activities | ¥-765 million |
| Cash flows from financing activities | ¥-811 million |
| Cash and cash equivalents at end of period | ¥8,844 million |
| Full-year earnings forecast | Net Sales ¥55,000 million (YoY +0.6%) / Operating profit ¥3,800 million (YoY +2.6%) / Ordinary income ¥4,100 million (YoY +2.3%) / Net income ¥2,800 million (YoY +5.1%) |
| Annual Dividend Forecast | ¥60 → ¥70 |
| Segment revenue | Segment Apparel-related business / Net Sales ¥28,095 million / Year on year against the same period last year ¥3.9 million, Segment Production and OEM business / Net Sales ¥1,090 million / Year on year against the same period last year ¥3.3 million, Segment Logistics / Net Sales ¥591 million / Year on year against the same period last year ¥-0.8 million, Segment Food-Service Business / Net Sales ¥6 million / Year on year against the same period last year ¥-76.5 million |
| Segment profit | Segment Apparel-related business / Segment profit ¥1,699 million / Year on year against the same period last year ¥-18.1 million, Segment Production and OEM business / Segment profit ¥29 million / Year on year against the same period last year Not disclosed, Segment Logistics / Segment profit ¥18 million / Year on year against the same period last year ¥-25.5 million, Segment Food-Service Business / Segment profit ¥-6 million / Year on year against the same period last year Not disclosed |
| Regional sales | Region Japan / Net Sales ¥12,206 million, Region South Korea / Net Sales ¥13,758 million, Region Europe / Net Sales ¥954 million, Region Hong Kong / Net Sales ¥0 million, Region China / Net Sales ¥0 million, Region United States / Net Sales ¥159 million |
| Depreciation and amortization | ¥689 million |
| Impairment loss | ¥54 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item 関係会社貸倒引当金戻入額 / Amount ¥52 million, Item Reversal of asset retirement obligations / Amount ¥1 million, Item Other / Amount ¥4 million / Extraordinary loss Item Impairment Losses on Shares of Affiliates / Amount ¥47 million, Item Impairment Losses / Amount ¥54 million, Item Losses on brand withdrawals / Amount ¥53 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (for analysts and the press) |
| Issued Shares at Period-End | 7,755,313 |
| Treasury Shares at Period-End | 376,235 |
| Factors Behind Changes in Business Performance | 百貨店や直営店の集客回復、インバウンド消費の復調、EC事業の強化により売上高が増加。韓国ではセール販売増加により売上高が増加した一方、売上総利益率が低下。不採算店舗の閉鎖や不採算事業の終了も実施。 |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogMaterial subsequent events
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.百貨店や直営店の集客回復、インバウンド消費の復調、EC事業の強化などにより売上高が増加しました。一方、韓国でセール販売の増加により売上総利益率が低下したほか、不採算店舗の閉鎖や不採算事業の終了を進めました。
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.