Worth reading
50Recurring
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
30.5
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 January 2025 to 31 December 2025ConsolidatedJapanese GAAPNet Sales52,117¥ millionYear on year -4.8%Progress 113.3%
Operating profit1,759¥ millionYear on year -30.5%Progress 103.5%
Ordinary income2,086¥ millionYear on year -27.6%Progress 104.3%
Net income attributable to owners of the parent1,474¥ millionYear on year -23.4%
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 share¥197.62
Operating Margin3.4%
Financial position at period-end
Total assets64,042¥ million
of which net assets 40,456 ¥ millionEquity ratio 63.2%vs. prior year-end +1.7pt
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+2,546
Investment-722
Financials-1,360
Net change+464
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¥8,690 million
Segment revenueJapan ¥24,328 million (YoY +0.3%), South Korea ¥25,826 million (YoY -9.1%), Europe ¥3,824 million (YoY +4.9%), Other overseas ¥459 million (YoY +12.0%), Production and OEM business ¥1,966 million (YoY -17.3%), Logistics ¥1,222 million (YoY +6.6%)
Segment profitJapan ¥1,738 million (YoY -3.8%), South Korea ¥902 million (YoY -44.8%), Europe ¥-183 million, Other overseas ¥-26 million, Production and OEM business ¥28 million (YoY -31.2%), Logistics ¥37 million (YoY +140.4%)
Regional sales¥24,908 million, ¥25,740 million, ¥1,008 million, ¥440 million, ¥19 million, ¥52,117 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥46,000 million (YoY -11.7%)
Operating profit¥1,700 million (YoY -3.4%)
Ordinary income¥2,000 million (YoY -4.1%)
Profit attributable to owners of the parent¥1,600 million (YoY +8.5%)
Annual Dividend Forecast¥100 → ¥100（0.0%）
Payout ratio48.7%
Factors Behind Changes in Business Performance
インバウンド消費の減速、生活防衛意識の高まり、天候不順による季節商品の販売不振、韓国における秋物販売の不振、セール販売比率の増加、為替レートの変動など。
Disclosure regarding the going concern assumption
No applicable matters (There are no applicable matters.)
Change in accounting policy
基準改正に伴う変更 Yes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 consolidation新規：なし、除外：なし（期中における連結範囲の重要な変更なし）
Material subsequent eventsNo applicable matters.
Impairment loss¥60 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥529 million, Reversal of asset retirement obligations ¥15 million / Extraordinary loss Impairment Losses ¥60 million, ブランド撤退損失 ¥25 million
Depreciation and amortization¥1,735 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-End7,796,313 Shares
Treasury Shares at Period-End312,799 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2025 to 31 December 2025 |
| Net Sales | ¥52,117 million (YoY -4.8%) |
| Operating profit | ¥1,759 million (YoY -30.5%) |
| Ordinary income | ¥2,086 million (YoY -27.6%) |
| Profit attributable to owners of the parent | ¥1,474 million (YoY -23.4%) |
| Net income per share | ¥197.62 |
| Operating Margin | 3.4% |
| Equity ratio | End of the current fiscal period 63.2% / End of previous period 61.5% |
| Total assets | ¥64,042 million |
| Net assets | ¥40,456 million |
| Cash flows from operating activities | ¥2,546 million |
| Cash flows from investing activities | ¥-722 million |
| Cash flows from financing activities | ¥-1,360 million |
| Cash and cash equivalents at end of period | ¥8,690 million |
| Full-year earnings forecast | Net Sales ¥46,000 million (YoY -11.7%) / Operating profit ¥1,700 million (YoY -3.4%) / Ordinary income ¥2,000 million (YoY -4.1%) / Profit attributable to owners of the parent ¥1,600 million (YoY +8.5%) |
| Annual Dividend Forecast | ¥100 → ¥100（0.0%） |
| Payout ratio | 48.7% |
| Segment revenue | Japan ¥24,328 million (YoY +0.3%), South Korea ¥25,826 million (YoY -9.1%), Europe ¥3,824 million (YoY +4.9%), Other overseas ¥459 million (YoY +12.0%), Production and OEM business ¥1,966 million (YoY -17.3%), Logistics ¥1,222 million (YoY +6.6%) |
| Segment profit | Japan ¥1,738 million (YoY -3.8%), South Korea ¥902 million (YoY -44.8%), Europe ¥-183 million, Other overseas ¥-26 million, Production and OEM business ¥28 million (YoY -31.2%), Logistics ¥37 million (YoY +140.4%) |
| Regional sales | ¥24,908 million, ¥25,740 million, ¥1,008 million, ¥440 million, ¥19 million, ¥52,117 million |
| Depreciation and amortization | ¥1,735 million |
| Impairment loss | ¥60 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥529 million, Reversal of asset retirement obligations ¥15 million / Extraordinary loss Impairment Losses ¥60 million, ブランド撤退損失 ¥25 million |
| Disclosure regarding the going concern assumption | No applicable matters (There are 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 | 新規：なし、除外：なし（期中における連結範囲の重要な変更なし） |
| Material subsequent events | No applicable matters. |
| 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 | 7,796,313 Shares |
| Treasury Shares at Period-End | 312,799 Shares |
| Factors Behind Changes in Business Performance | インバウンド消費の減速、生活防衛意識の高まり、天候不順による季節商品の販売不振、韓国における秋物販売の不振、セール販売比率の増加、為替レートの変動など。 |
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.米国の通商政策や物価上昇による個人消費の伸び悩み、インバウンド消費の減速、生活防衛意識の高まり、天候不順による季節商品の販売不振などが業績を押し下げた。2026年12月期は、SMCP Holding SASとの独占販売契約終了により韓国事業の売上高が前年に対して80億円減少する見込みとしている。
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.