Results for this period
Full year1 April 2025 to 31 March 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Stronger price-consciousness, changes in spending by visitors to Japan from mainland China, and a warm winter slowed unit growth for autumn and winter products, while restrained discounting, an improved product mix, management of selling, general and administrative expenses, a strengthened earnings base for THE NORTH FACE, and Goldwin's China business turning profitable contributed to results.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥137,516 million (YoY +3.9%) |
| Operating profit | ¥25,859 million (YoY +18.0%) |
| Ordinary income | ¥33,904 million (YoY +10.1%) |
| Profit attributable to owners of the parent | ¥24,094 million (YoY -1.4%) |
| Net income per share | ¥175.76 |
| Operating Margin | 18.8％ |
| Equity ratio | End of the current fiscal period 76.9％ / End of previous period 73.2％ |
| Total assets | ¥168,227 million |
| Net assets | ¥130,499 million |
| Cash flows from operating activities | ¥26,257 million |
| Cash flows from investing activities | ¥-13,468 million |
| Cash flows from financing activities | ¥-13,675 million |
| Cash and cash equivalents at end of period | ¥50,956 million |
| Full-year earnings forecast | Net Sales ¥145,400 million (YoY +5.7%) / Operating profit ¥26,100 million (YoY +0.9%) / Ordinary income ¥34,100 million (YoY +0.6%) / Profit attributable to owners of the parent ¥25,600 million (YoY +6.3%) |
| Annual Dividend Forecast | ¥174 (actual for the fiscal year ended March 2026, converted on a pre-stock-split basis) → ¥70 (forecast for the fiscal year ending March 2027, post-stock split) |
| Payout ratio | 37.5％ |
| Depreciation and amortization | ¥2,529 million |
| Impairment loss | ¥14 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥180 million / Extraordinary loss Losses on disposal of fixed assets ¥149 million, Impairment Losses ¥14 million, Loss on closure of stores ¥145 million, Impairment Loss on Investment Securities ¥115 million, Loss on sale of investment securities ¥1,075 million, Special retirement payments ¥418 million, Business Withdrawal Losses ¥22 million, Other ¥12 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 | New Number of companies 3 / Company name アルパインツアーサービス株式会社, GOLDWIN LONDON LIMITED, 娜娜蜜卡（上海）商貿有限公司 / Excluded Number of companies 2 / Company name 北京奥冠英有限公司, 高得運（北京）服装商貿有限公司 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and securities analysts |
| Issued Shares at Period-End | 142,344,516 |
| Treasury Shares at Period-End | 5,575,185 |
| Factors Behind Changes in Business Performance | Stronger price-consciousness, changes in spending by visitors to Japan from mainland China, and a warm winter slowed unit growth for autumn and winter products, while restrained discounting, an improved product mix, management of selling, general and administrative expenses, a strengthened earnings base for THE NORTH FACE, and Goldwin's China business turning profitable contributed to results. |
Items this document does not state (6)
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.Stronger price-consciousness among domestic consumers, changes in spending by visitors to Japan from mainland China, and the warm winter from December onward affected demand for autumn and winter products. Meanwhile, restrained discounting, an improved product mix, disciplined management of selling, general and administrative expenses, a strengthened earnings base for THE NORTH FACE, and Goldwin's China business turning profitable contributed to results.