Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-17.5
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 January 2024–31 December 2024ConsolidatedJapanese GAAPNet Sales54,739¥ millionYear on year -1.3%Progress 99.5%
Operating profit2,530¥ millionYear on year -17.5%Progress 97.3%
Ordinary income2,880¥ millionYear on year -19.5%Progress 99.3%
Net income attributable to owners of the parent1,925¥ millionYear on year -21.7%Progress 96.3%
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 share259.79円
Operating Margin4.6％
Financial position at period-end
Total assets61,410¥ million
of which net assets 37,776 ¥ millionEquity ratio 61.5%vs. prior year-end +1.0pt
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+2,452
Investment-1,187
Financials-397
Net change+868
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¥8,144 million
Segment revenueJapan ¥24,255 million (YoY +2.0%), South Korea ¥28,426 million (YoY -2.5%), Europe ¥3,645 million (YoY -22.9%), その他海外（米国） ¥410 million (YoY +20.6%), Total apparel-related business ¥56,738 million (YoY -2.2%), Production and OEM business ¥2,376 million (YoY -3.0%), Logistics ¥1,146 million (YoY +0.3%), Foodservice Business ¥0 million
Segment profitJapan ¥1,805 million (YoY -0.7%), South Korea ¥1,635 million (YoY -13.7%), Europe ¥-236 million, その他海外（米国） ¥-57 million, Total apparel-related business ¥3,147 million (YoY -17.3%), Production and OEM business ¥40 million (YoY -41.0%), Logistics ¥15 million (YoY -31.5%), Foodservice Business ¥0 million
Regional sales¥25,037 million, ¥28,333 million, ¥958 million, ¥410 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥55,000 million (YoY +0.5%)
Operating profit¥2,600 million (YoY +2.7%)
Ordinary income¥2,900 million (YoY +0.7%)
Net income¥2,000 million (YoY +3.9%)
Annual Dividend Forecast¥100 per share → ¥100 per share（0.0%）
Payout ratio40.3％
Factors Behind Changes in Business Performance
個人消費の弱さ、記録的な高温による秋冬商戦の遅れ、韓国の内需回復の鈍さ・百貨店インショップの苦戦、欧州の卸売事業における受注額の減少、製造費用・物流費用などの増加。
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationAdded: 0 companies; excluded: 0 companies; company names: none
Material subsequent eventsNot applicable.
Impairment loss67百万円。アパレル関連事業の日本38百万円、韓国28百万円。対象資産の記載はなし。
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥69 million, Reversal of asset retirement obligations ¥1 million, Other ¥1 million / Extraordinary loss Impairment Losses ¥67 million, Special retirement payments ¥51 million, ブランド撤退損失 ¥62 million
Depreciation and amortization¥1,812 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results Briefing有（アナリスト、プレス向け）
Issued Shares at Period-End7,772,113株
Treasury Shares at Period-End341,278株
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2024–31 December 2024 |
| Net Sales | ¥54,739 million (YoY -1.3%) |
| Operating profit | ¥2,530 million (YoY -17.5%) |
| Ordinary income | ¥2,880 million (YoY -19.5%) |
| Profit attributable to owners of the parent | ¥1,925 million (YoY -21.7%) |
| Net income per share | 259.79円 |
| Operating Margin | 4.6％ |
| Equity ratio | End of the current fiscal period 61.5％ / End of previous period 60.5％ |
| Total assets | ¥61,410 million |
| Net assets | ¥37,776 million |
| Cash flows from operating activities | ¥2,452 million |
| Cash flows from investing activities | ¥-1,187 million |
| Cash flows from financing activities | ¥-397 million |
| Cash and cash equivalents at end of period | ¥8,144 million |
| Full-year earnings forecast | Net Sales ¥55,000 million (YoY +0.5%) / Operating profit ¥2,600 million (YoY +2.7%) / Ordinary income ¥2,900 million (YoY +0.7%) / Net income ¥2,000 million (YoY +3.9%) |
| Annual Dividend Forecast | ¥100 per share → ¥100 per share（0.0%） |
| Payout ratio | 40.3％ |
| Segment revenue | Japan ¥24,255 million (YoY +2.0%), South Korea ¥28,426 million (YoY -2.5%), Europe ¥3,645 million (YoY -22.9%), その他海外（米国） ¥410 million (YoY +20.6%), Total apparel-related business ¥56,738 million (YoY -2.2%), Production and OEM business ¥2,376 million (YoY -3.0%), Logistics ¥1,146 million (YoY +0.3%), Foodservice Business ¥0 million |
| Segment profit | Japan ¥1,805 million (YoY -0.7%), South Korea ¥1,635 million (YoY -13.7%), Europe ¥-236 million, その他海外（米国） ¥-57 million, Total apparel-related business ¥3,147 million (YoY -17.3%), Production and OEM business ¥40 million (YoY -41.0%), Logistics ¥15 million (YoY -31.5%), Foodservice Business ¥0 million |
| Regional sales | ¥25,037 million, ¥28,333 million, ¥958 million, ¥410 million |
| Depreciation and amortization | ¥1,812 million |
| Impairment loss | 67百万円。アパレル関連事業の日本38百万円、韓国28百万円。対象資産の記載はなし。 |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥69 million, Reversal of asset retirement obligations ¥1 million, Other ¥1 million / Extraordinary loss Impairment Losses ¥67 million, Special retirement payments ¥51 million, ブランド撤退損失 ¥62 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Added: 0 companies; excluded: 0 companies; company names: none |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | 有（アナリスト、プレス向け） |
| Issued Shares at Period-End | 7,772,113株 |
| Treasury Shares at Period-End | 341,278株 |
| Factors Behind Changes in Business Performance | 個人消費の弱さ、記録的な高温による秋冬商戦の遅れ、韓国の内需回復の鈍さ・百貨店インショップの苦戦、欧州の卸売事業における受注額の減少、製造費用・物流費用などの増加。 |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog
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.個人消費が力強さを欠いたこと、記録的な高温による秋冬商戦の初動の遅れ、韓国の内需回復の鈍さ、欧州の卸売事業における受注額の減少、製造費用・物流費用などの増加を挙げている。
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.