Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
25
¥100 million (increase from the initial full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summarySecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,050.2 100 million+6.2%
Operating profit¥102.7 100 million+25.5%
Ordinary income¥107.6 100 million+26.3%
Net income¥83.1 100 million+31.8%
Operating profit margin9.8 %
Selling, general and administrative expenses¥229.8 100 million+2.5%
Results for the three months of the current quarter
Net Sales
¥510.8 100 million
Gross profit
¥165.2 100 million
Operating profit
¥49.4 100 million
Ordinary income
¥50.9 100 million
Net income
¥35.6 100 million
Full-year earnings forecast
Net Sales
¥2,170 100 million
Gross profit
¥690 100 million
Operating profit
¥215 100 million
Ordinary income
¥222 100 million
Net income
¥160 100 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。
Consolidated revenue49.3%
Consolidated operating profit54.1%
Consolidated ordinary income56.1%
Interim net income attributable to owners of the parent61.6%
Domestic interiors revenue49.8%
Domestic interiors operating profit55.7%
Domestic exteriors revenue44.4%
Overseas Sales47.9%
Overseas operating profit28.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although progress in the domestic exteriors business against the earnings forecast has been challenging, the Company aims to make up the shortfall in the second half. Progress overseas was also challenging in the first half.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated operating profit, first half
Volume-0.5
Gross profit per unit10.3
Distribution costs and other expenses-3.4
Other (inventory valuation losses, reversal of the impact of a supplier fire, etc.)13.6
Personnel Expenses0.2
Promotion expenses0.1
Systems expenses-1.2
Operating expenses and other items-0.3
Domestic interiors gross profit, other0.5
SG&A expenses, domestic interior-0.4
Domestic exterior gross profit-0.7
Domestic exterior SG&A expenses-0.1
Overseas gross profit7.4
Overseas selling, general and administrative expenses-4.3
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Quantitative assumptions: Not disclosedNew initiatives
- Product price revisions from July 2026
- Expansion of the sales area and market penetration of the private-label brand "Greenscape"
- Promoting orders for interiors and exteriors as an integrated offering
Segment results
Domestic interiors
Net Sales
¥844.6 100 million+8.3%
Operating profit
¥101.3 100 million+22.7%
Domestic exteriors
Net Sales
¥32.4 100 million-4.1%
Operating profit
¥-0.5 100 million
Overseas
Net Sales
¥173.2 100 million-1.0%
Operating profit
¥1.9 100 million
Medium-term management plan targets
Annual dividend per shareA floor of ¥155
Payout ratioAs a guideline, at least 60%
Annual Dividend
155 Yen per share
Interim77.5
End of period77.5
Payout ratio
60 % or higher as a guideline
Acquisition of treasury shares
Only a policy of considering purchases as appropriate has been disclosed. The purchase limit, number of shares and period are Not disclosed.Gross profit
¥332.6 100 million+8.6%
margin_pct31.7
yoy_change_pt0.7
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥1,050.2 100 million (YoY +6.2%) |
| Operating profit | ¥102.7 100 million (YoY +25.5%) |
| Ordinary income | ¥107.6 100 million (YoY +26.3%) |
| Net income | ¥83.1 100 million (YoY +31.8%) |
| Gross profit | ¥332.6 100 million (YoY +8.6%) |
| Operating profit margin | 9.8 % |
| Selling, general and administrative expenses | ¥229.8 100 million (YoY +2.5%) |
| Results for the three months of the current quarter | Net Sales ¥510.8 100 million / Gross profit ¥165.2 100 million / Operating profit ¥49.4 100 million / Ordinary income ¥50.9 100 million / Net income ¥35.6 100 million |
| Full-year earnings forecast | Net Sales ¥2,170 100 million / Gross profit ¥690 100 million / Operating profit ¥215 100 million / Ordinary income ¥222 100 million / Net income ¥160 100 million |
| Progress against full-year forecast | Consolidated revenue 49.3% / Consolidated operating profit 54.1% / Consolidated ordinary income 56.1% / Interim net income attributable to owners of the parent 61.6% / Domestic interiors revenue 49.8% / Domestic interiors operating profit 55.7% / Domestic exteriors revenue 44.4% / Overseas Sales 47.9% / Overseas operating profit 28.4% |
| Self-assessment against the plan | Although progress in the domestic exteriors business against the earnings forecast has been challenging, the Company aims to make up the shortfall in the second half. Progress overseas was also challenging in the first half. |
| Segment results | Domestic interiors Net Sales ¥844.6 100 million (YoY +8.3%) / Operating profit ¥101.3 100 million (YoY +22.7%) / Domestic exteriors Net Sales ¥32.4 100 million (YoY -4.1%) / Operating profit ¥-0.5 100 million / Overseas Net Sales ¥173.2 100 million (YoY -1.0%) / Operating profit ¥1.9 100 million |
| Breakdown of Factors Affecting the Change | Consolidated operating profit, first half Volume -0.5 / Gross profit per unit 10.3 / Distribution costs and other expenses -3.4 / Other (inventory valuation losses, reversal of the impact of a supplier fire, etc.) 13.6 / Personnel Expenses 0.2 / Promotion expenses 0.1 / Systems expenses -1.2 / Operating expenses and other items -0.3 / Domestic interiors gross profit, other 0.5 / SG&A expenses, domestic interior -0.4 / Domestic exterior gross profit -0.7 / Domestic exterior SG&A expenses -0.1 / Overseas gross profit 7.4 / Overseas selling, general and administrative expenses -4.3 |
| Assumptions Underlying the Business Outlook | Quantitative assumptions: Not disclosed |
| Medium-term management plan targets | Annual dividend per share A floor of ¥155 / Payout ratio As a guideline, at least 60% |
| Annual Dividend | 155 Yen per share |
| Payout ratio | 60 % or higher as a guideline |
| Acquisition of treasury shares | Only a policy of considering purchases as appropriate has been disclosed. The purchase limit, number of shares and period are Not disclosed. |
| New initiatives | Product price revisions from July 2026, Expansion of the sales area and market penetration of the private-label brand "Greenscape", Promoting orders for interiors and exteriors as an integrated offering |
Items this document does not state (10)
Key KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital 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 first-half results, growth in the domestic interiors segment, the overseas segment's return to profitability, and the recognition of extraordinary income contributed to higher profit. The upward revision to the full-year forecast reflects the impact of the situation in the Middle East, the growing penetration of price revisions, and the outlook for each segment.
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.