Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-983
Millions of yen (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFull fiscal year ended February 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales8,666 million yen-10.2%
Operating profit19 million yen-90.3%
Ordinary income134 million yen-62.2%
Net income1,122 million yen-43.0%
Selling, general and administrative expenses5,340 million yen
Gross Profit Margin
Rate61.8%
Year-on-year change (points)+0.8pt
Operating profit margin
Rate0.2%
Year-on-year change (points)-1.9pt
Full-year earnings forecast
Net Sales
8,700 million yen
Operating profit
60 million yen
Ordinary income
200 million yen
Net income for the current fiscal year
130 million yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The reality of falling short of the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
SG&A cost reduction
-339 million yen
Advertising expenses
-40 million yen
Personnel Expenses
-50 million yen
Rent expense
-50 million yen
Depreciation and amortization
-33 million yen
Other expenses
-155 million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Same-Store Sales100.8% of previous year
New Store Openings1
Store closures1
Gross Profit Margin63.4%
Change in gross margin from the previous fiscal year+1.6pt
Selling, general and administrative expenses102% of previous year
New initiatives
- Strengthening promotions for members
- Increase in depreciation and amortization associated with IT investments
- Improvement in initial markup and full-price sell-through rates
Key KPIsA metric the company considers important as a management benchmark.
- E-commerce penetration rate8.9 %Year on year against the same period last year-0.4%
- Existing-store revenue94.3 % year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average spend per customer103.2 % year on year
- Customer count91.4 % year on year
Number of stores and locations
Stores closed during the period1
Number of employees
Number of Employees273 People employees
Annual Dividend
Class A shares¥0.90
Class B shares¥10.00
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Net Sales | 8,666 million yen (YoY -10.2%) |
| Operating profit | 19 million yen (YoY -90.3%) |
| Ordinary income | 134 million yen (YoY -62.2%) |
| Net income | 1,122 million yen (YoY -43.0%) |
| Gross Profit Margin | Rate 61.8% / Year-on-year change (points) +0.8pt |
| Operating profit margin | Rate 0.2% / Year-on-year change (points) -1.9pt |
| Selling, general and administrative expenses | 5,340 million yen |
| Full-year earnings forecast | Net Sales 8,700 million yen / Operating profit 60 million yen / Ordinary income 200 million yen / Net income for the current fiscal year 130 million yen / Gross profit Not disclosed / Selling, general and administrative expenses Not disclosed |
| Self-assessment against the plan | The reality of falling short of the plan |
| Breakdown of Factors Affecting the Change | SG&A cost reduction -339 million yen / Advertising expenses -40 million yen / Personnel Expenses -50 million yen / Rent expense -50 million yen / Depreciation and amortization -33 million yen / Other expenses -155 million yen |
| Key KPIs | Indicator name E-commerce penetration rate / Value 8.9 % / Year on year against the same period last year -0.4 %, Indicator name Existing-store revenue / Value 94.3 % year on year / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Average spend per customer / Value 103.2 % year on year, Indicator name Customer count / Value 91.4 % year on year |
| Number of stores and locations | End of period Not disclosed / Stores opened during the period Not disclosed / Stores closed during the period 1 |
| Number of employees | Number of Employees 273 People (employees) / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Same-Store Sales 100.8% of previous year / New Store Openings 1 / Store closures 1 / Gross Profit Margin 63.4% / Change in gross margin from the previous fiscal year +1.6pt / Selling, general and administrative expenses 102% of previous year |
| Annual Dividend | Class A shares ¥0.90 / Class B shares ¥10.00 / Interim and Year-End Breakdown Not disclosed |
| New initiatives | Strengthening promotions for members, Increase in depreciation and amortization associated with IT investments, Improvement in initial markup and full-price sell-through rates |
Items this document does not state (12)
Results for the three months of the current quarterProgress against full-year forecastSegment resultsRisk 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.Revenue declined due to store closures, changes to member promotions, and shortages of popular products. On the earnings side, selling, general and administrative expenses were reduced through discount control, rigorous cost management, and a decrease in the number of stores.
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.