Komori
Results8123T.KAWABE & CO.,LTD.Trading & Wholesale

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

Net sales fell below the same period of the previous year, and operating, ordinary and net income all turned from profits to losses. The full-year earnings forecast remains unchanged from the previously announced forecast.

Worth reading
63In focus
Scored from 4 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-8.6
% (year-on-year change in net sales)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales5,604,613¥ thousandYear on year -8.6%
Operating profit-186,246¥ thousand
Ordinary income-99,649¥ thousand
Net income attributable to owners of the parent-99,171¥ thousand

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.

Financial position at period-end
Total assets11,971,991¥ thousand
of which net assets 7,281,632 ¥ thousand

The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.

Cash inflows and outflows
Operating-354,403
Investment-99,395
Financials-288,859
Net change-742,657

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥1,051,865 thousand
Segment revenuePersonal and Household Goods Business ¥4,615 million (YoY -11.6%), Fragrance Business ¥989 million (YoY +8.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
NotesNo change from the consolidated earnings forecast announced on 12 May 2026
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance

Sales in the personal goods business declined due to the expiration of contracts for certain licensed brands, sluggish demand in the mass-retail market and the contraction of certain existing sales channels, while the fragrance business posted higher sales on growth in branded products and inbound demand. The decline in net sales reduced gross profit, resulting in operating, ordinary and net losses.

Disclosure regarding the going concern assumption

There are no applicable matters.

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
Material subsequent eventsThere are no applicable matters.
Impairment loss¥26 thousand
Breakdown of extraordinary income (loss)Extraordinary income Other ― / Extraordinary loss Loss on disposal and sale of non-current assets ¥329 thousand, Loss on cancellation of lease agreements ¥4,825 thousand, Impairment loss ¥26 thousand
Depreciation and amortization¥89,661 thousand
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥5,604,613 thousand (YoY -8.6%)
Operating profit¥-186,246 thousand
Ordinary income¥-99,649 thousand
Profit attributable to owners of the parent¥-99,171 thousand
Total assets¥11,971,991 thousand
Net assets¥7,281,632 thousand
Cash flows from operating activities¥-354,403 thousand
Cash flows from investing activities¥-99,395 thousand
Cash flows from financing activities¥-288,859 thousand
Cash and cash equivalents at end of period¥1,051,865 thousand
Full-year earnings forecastNet Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Notes No change from the consolidated earnings forecast announced on 12 May 2026
Revision to Earnings ForecastNo change
Segment revenuePersonal and Household Goods Business ¥4,615 million (YoY -11.6%), Fragrance Business ¥989 million (YoY +8.6%)
Depreciation and amortization¥89,661 thousand
Impairment loss¥26 thousand
Breakdown of extraordinary income (loss)Extraordinary income Other ― / Extraordinary loss Loss on disposal and sale of non-current assets ¥329 thousand, Loss on cancellation of lease agreements ¥4,825 thousand, Impairment loss ¥26 thousand
Disclosure regarding the going concern assumptionThere are no applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsThere are no applicable matters.
Factors Behind Changes in Business PerformanceSales in the personal goods business declined due to the expiration of contracts for certain licensed brands, sluggish demand in the mass-retail market and the contraction of certain existing sales channels, while the fragrance business posted higher sales on growth in branded products and inbound demand. The decline in net sales reduced gross profit, resulting in operating, ordinary and net losses.
Items this document does not state (14)
Net income per shareOperating MarginEquity ratioAnnual Dividend ForecastPayout ratioShareholder Return PolicySegment profitRegional salesOrders received and order backlogChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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.

In addition to being unable to fully offset the decline in sales of certain licensed brands whose contracts expired in the previous consolidated fiscal year, the company was affected by sluggish demand in the mass-retail market and the contraction of certain existing sales channels. On the profit side, gross profit declined as a result of the decrease in net sales.

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