Worth reading
53Recurring
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
5000
¥ million (increase from the initial full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥227,461 million+8.1%
Operating profit¥6,569 million+207.2%
Ordinary income¥6,334 million+216.0%
Net income¥4,357 million +130.0%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥53,289 million
Operating profit margin
Rate2.9
Year-on-year change (points)1.9
Results for the three months of the current quarter
Fiscal 2026 second quarter
Net Sales
¥114,756 million+3.7%
Operating profit
¥3,405 million+116.4%
Ordinary income
¥3,245 million+113.0%
Quarterly net income
¥2,001 million+43.9%
Full-year earnings forecast
Net Sales
¥455,000 million
In-store sales
¥369,000 million
Internet sales
¥81,000 million
Gross profit
¥118,300 million
Selling, general and administrative expenses
¥107,300 million
Operating profit
¥11,000 million
Ordinary income
¥10,500 million
Net income for the current fiscal year
¥5,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Gross profit+¥1.7 billion (year-on-year)
- Personnel expenses-¥300 million (year-on-year)
- Rent and land rent-¥200 million (year-on-year)
- Logistics Costs-¥400 million (year-on-year)
- Advertising expenses-¥200 million (year-on-year)
- Other-¥300 million (year-on-year)
New initiatives
- Rationalization of unprofitable stores and opening 2 new stores
- Expansion of stores covered by the on-call service
- Remote support using Live Assist
- Full-scale rollout of private-brand products and expansion of the product lineup
- Establishment of a dedicated private-brand product division, recruitment of specialist personnel and collaboration with OEM partners
- An OMO strategy integrating the company’s own e-commerce site and physical stores
- Establishment of a division overseeing the remodeling business and entry into made-to-order remodeling
Key KPIsA metric the company considers important as a management benchmark.
- Number of directly operated stores (at the end of September)217 storesYear on year against the same period last year+3 stores
- Sales per store¥8.7 100 millionYear on year against the same period last yearIncreased from ¥795 million
- Percentage of sales through the company’s own website47 %Year on year against the same period last yearIncreased from 44%
- Change rate in active members using both services20 %Year on year against the same period last yearIncreased
- Change rate in active members on the company’s own website13 %Year on year against the same period last yearIncreased
- Private-brand product SKUs110 Items
- Shareholder composition of foreign corporations and other entities15.16 %Year on year against the same period last yearIncreased from 11.72%
Medium-term management plan targets
- TargetOperating profit of at least ¥10 billionTarget fiscal yearFY2028
- TargetROE of at least 7.0%Target fiscal yearFY2028
- TargetPrivate-brand products to account for 10% of consolidated revenueTarget fiscal yearFY2028
- TargetRemodeling business revenue of approximately ¥20 billionTarget fiscal yearFY2028
Financial targets
ROE
Target7.0% or more
Target fiscal yearFY2028
Number of stores and locations
Number of Stores at Period-End220 stores
Stores opened during the period2 stores
Store Closures During the Period2 stores
Gross profit
Rate26.3
Year-on-year change (points)1.3
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2026 |
| Net Sales | ¥227,461 million (YoY +8.1%) |
| Operating profit | ¥6,569 million (YoY +207.2%) |
| Ordinary income | ¥6,334 million (YoY +216.0%) |
| Net income | ¥4,357 million (interim net income attributable to owners of the parent) (YoY +130.0%) |
| Gross profit | Rate 26.3 / Year-on-year change (points) 1.3 |
| Operating profit margin | Rate 2.9 / Year-on-year change (points) 1.9 |
| Selling, general and administrative expenses | ¥53,289 million |
| Results for the three months of the current quarter | Fiscal 2026 second quarter Net Sales ¥114,756 million (YoY +3.7%) / Operating profit ¥3,405 million (YoY +116.4%) / Ordinary income ¥3,245 million (YoY +113.0%) / Quarterly net income ¥2,001 million (YoY +43.9%) |
| Full-year earnings forecast | Net Sales ¥455,000 million / In-store sales ¥369,000 million / Internet sales ¥81,000 million / Gross profit ¥118,300 million / Selling, general and administrative expenses ¥107,300 million / Operating profit ¥11,000 million / Ordinary income ¥10,500 million / Net income for the current fiscal year ¥5,000 million |
| Breakdown of Factors Affecting the Change | Factors Gross profit / Amount +¥1.7 billion (year-on-year), Factors Personnel expenses / Amount -¥300 million (year-on-year), Factors Rent and land rent / Amount -¥200 million (year-on-year), Factors Logistics Costs / Amount -¥400 million (year-on-year), Factors Advertising expenses / Amount -¥200 million (year-on-year), Factors Other / Amount -¥300 million (year-on-year) |
| Key KPIs | Indicator name Number of directly operated stores (at the end of September) / Value 217 stores / Year on year against the same period last year +3 stores, Indicator name Sales per store / Value ¥8.7 100 million / Year on year against the same period last year Increased from ¥795 million, Indicator name Percentage of sales through the company’s own website / Value 47 % / Year on year against the same period last year Increased from 44%, Indicator name Change rate in active members using both services / Value 20 % / Year on year against the same period last year Increased, Indicator name Change rate in active members on the company’s own website / Value 13 % / Year on year against the same period last year Increased, Indicator name Private-brand product SKUs / Value 110 Items / Year on year against the same period last year Not disclosed, Indicator name Shareholder composition of foreign corporations and other entities / Value 15.16 % / Year on year against the same period last year Increased from 11.72% |
| Number of stores and locations | Number of Stores at Period-End 220 stores / Stores opened during the period 2 stores / Store Closures During the Period 2 stores |
| Medium-term management plan targets | Target Operating profit of at least ¥10 billion / Target fiscal year FY2028, Target ROE of at least 7.0% / Target fiscal year FY2028, Target Private-brand products to account for 10% of consolidated revenue / Target fiscal year FY2028, Target Remodeling business revenue of approximately ¥20 billion / Target fiscal year FY2028 |
| Financial targets | ROE Target 7.0% or more / Target fiscal year FY2028 / Other Not disclosed |
| New initiatives | Rationalization of unprofitable stores and opening 2 new stores, Expansion of stores covered by the on-call service, Remote support using Live Assist, Full-scale rollout of private-brand products and expansion of the product lineup, Establishment of a dedicated private-brand product division, recruitment of specialist personnel and collaboration with OEM partners, An OMO strategy integrating the company’s own e-commerce site and physical stores, Establishment of a division overseeing the remodeling business and entry into made-to-order remodeling |
Items this document does not state (14)
Progress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout 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.Gross profit increased on higher sales of air conditioners, mobile phones, games, models, toys, musical instruments and other products. In the first half, the increase in gross profit absorbed higher personnel expenses, rent and land rent, logistics costs, advertising and promotional expenses and other costs, resulting in improved operating profit.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.