Worth reading
64In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
45.4
¥100 million (year-on-year increase in consolidated revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥539.3 million+9.2%
Operating profit¥53.2 million+34.4%
Ordinary income¥56.7 million+40.1%
Net income¥47.5 million+71.6%
Gross Profit Margin31.0%
Operating profit margin9.9%
Selling, general and administrative expenses¥114.1 million
Results for the three months of the current quarterThe first-quarter results for the fiscal year ending March 2027 were reported as net sales of ¥53.93 billion, operating income of ¥5.32 billion, ordinary income of ¥5.67 billion and quarterly net income attributable to owners of the parent of ¥4.75 billion.
Full-year earnings forecast
Net Sales
¥2,130 million
Gross profit
¥663 million
Operating profit
¥190 million
Ordinary income
¥192 million
Net income
¥135 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales25.3%
Gross profit25.3%
Operating profit28.0%
Ordinary income29.6%
Net income35.2%
Domestic interiors revenue25.9%
Domestic interiors operating profit29.1%
Domestic exteriors revenue22.4%
Overseas revenue23.1%
Overseas operating profit9.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadilyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Number of versions+¥1.01 billion
Gross profit per unit-¥420 million
Distribution costs and other expenses-¥220 million
Other (inventory valuation losses, fire-related impact, etc.)+¥870 million
Personnel Expenses-¥130 million
Promotion expenses-¥110 million
Systems expenses+¥70 million
Operating expenses and other items+¥20 million
Other gross profit, domestic interior+¥30 million
SG&A expenses, domestic interior-¥30 million
Domestic exterior gross profit-¥0 million
Domestic exterior SG&A expenses-¥120 million
Overseas gross profit+¥270 million
Overseas selling, general and administrative expenses+¥150 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The global economy is expected to grow moderately, while new residential and non-residential construction is expected to remain weak and renovation and refurbishment demand is expected to remain firm. The plan incorporates increases in raw material procurement costs, logistics expenses, personnel expenses and investment for the growth strategy, but the numerical assumptions are Not disclosedNew initiatives
- Stable procurement and supply through collaboration with partner companies
- Solution proposals through stronger cross-functional collaboration
- Expanding sales in the non-residential market through the domestic exterior business
- Expanding sales in the design and construction business
- Strengthening profit and cost management in the overseas business
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The increase in sales volume is described qualitatively. The quantitative metric combining volume and unit price is Not disclosedSegment results
Domestic interiors
Net Sales
¥439.4 million+12.7%
Operating profit
¥52.8 million+31.0%
Domestic exteriors
Net Sales
¥16.3 million-2.7%
Operating profit
¥-0.2 million
Overseas expansion
Net Sales
¥83.6 million-4.1%
Operating profit
¥0.6 million
Annual Dividend
Annual¥155.0 per share
Interim¥77.5 per share
End of period¥77.5 per share
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥539.3 million (YoY +9.2%) |
| Operating profit | ¥53.2 million (YoY +34.4%) |
| Ordinary income | ¥56.7 million (YoY +40.1%) |
| Net income | ¥47.5 million (YoY +71.6%) |
| Gross Profit Margin | 31.0% |
| Operating profit margin | 9.9% |
| Selling, general and administrative expenses | ¥114.1 million |
| Results for the three months of the current quarter | The first-quarter results for the fiscal year ending March 2027 were reported as net sales of ¥53.93 billion, operating income of ¥5.32 billion, ordinary income of ¥5.67 billion and quarterly net income attributable to owners of the parent of ¥4.75 billion. |
| Full-year earnings forecast | Net Sales ¥2,130 million / Gross profit ¥663 million / Operating profit ¥190 million / Ordinary income ¥192 million / Net income ¥135 million |
| Progress against full-year forecast | Net Sales 25.3% / Gross profit 25.3% / Operating profit 28.0% / Ordinary income 29.6% / Net income 35.2% / Domestic interiors revenue 25.9% / Domestic interiors operating profit 29.1% / Domestic exteriors revenue 22.4% / Overseas revenue 23.1% / Overseas operating profit 9.8% |
| Self-assessment against the plan | Progressing steadily |
| Segment results | Domestic interiors Net Sales ¥439.4 million (YoY +12.7%) / Operating profit ¥52.8 million (YoY +31.0%) / Domestic exteriors Net Sales ¥16.3 million (YoY -2.7%) / Operating profit ¥-0.2 million / Overseas expansion Net Sales ¥83.6 million (YoY -4.1%) / Operating profit ¥0.6 million |
| Breakdown of Factors Affecting the Change | Number of versions +¥1.01 billion / Gross profit per unit -¥420 million / Distribution costs and other expenses -¥220 million / Other (inventory valuation losses, fire-related impact, etc.) +¥870 million / Personnel Expenses -¥130 million / Promotion expenses -¥110 million / Systems expenses +¥70 million / Operating expenses and other items +¥20 million / Other gross profit, domestic interior +¥30 million / SG&A expenses, domestic interior -¥30 million / Domestic exterior gross profit -¥0 million / Domestic exterior SG&A expenses -¥120 million / Overseas gross profit +¥270 million / Overseas selling, general and administrative expenses +¥150 million |
| Unit price and quantity metrics | The increase in sales volume is described qualitatively. The quantitative metric combining volume and unit price is Not disclosed |
| Assumptions Underlying the Business Outlook | The global economy is expected to grow moderately, while new residential and non-residential construction is expected to remain weak and renovation and refurbishment demand is expected to remain firm. The plan incorporates increases in raw material procurement costs, logistics expenses, personnel expenses and investment for the growth strategy, but the numerical assumptions are Not disclosed |
| Annual Dividend | Annual ¥155.0 per share / Interim ¥77.5 per share / End of period ¥77.5 per share |
| New initiatives | Stable procurement and supply through collaboration with partner companies, Solution proposals through stronger cross-functional collaboration, Expanding sales in the non-residential market through the domestic exterior business, Expanding sales in the design and construction business, Strengthening profit and cost management in the overseas business |
Items this document does not state (12)
Key KPIsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 the domestic interior segment, results benefited from the recovery from supply constraints caused by a fire at a supplier's factory and increased sales volume resulting from rush demand ahead of the 1 July 2026 price revision. The overseas segment returned to profitability due to stricter cost management and the absence of one-off costs associated with large projects in the previous fiscal year. In addition to higher operating income, quarterly net income reflected approximately ¥800 million in extraordinary income, including subsidy income.
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.