Worth reading
60In focus
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
-50.3
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales81,377¥ millionYear on year -11.4%Progress 98.6%
Operating profit1,090¥ millionYear on year -50.3%Progress 77.9%
Ordinary income1,508¥ millionYear on year -41.2%Progress 88.7%
Net income attributable to owners of the parent237¥ millionYear on year -91.9%Progress 21.5%
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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥6.91
Operating Margin1.3%
Financial position at period-end
Total assets71,016¥ million
of which net assets 49,964 ¥ millionEquity ratio 70.3%vs. prior year-end +4.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating-4,130
Investment-335
Financials-3,286
Net change-7,751
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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¥16,729 million
Segment revenueNot disclosed (omitted because the company has a single segment for the current fiscal year)
Segment profitNot disclosed (omitted because the company has a single segment for the current fiscal year)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥82,500 million (YoY +1.4%)
Operating profit¥1,400 million (YoY +28.3%)
Ordinary income¥1,700 million (YoY +12.7%)
Net income¥1,100 million (YoY +363.0%)
Annual Dividend Forecast¥34.00 → ¥54.00（58.8%）
Payout ratioFY ended February 2025 40.9% / Fiscal year ending February 2026 781.5% / Forecast for the fiscal year ending February 2027 168.9%
Factors Behind Changes in Business Performance
The consolidated business became focused primarily on footwear following the transfer of the apparel business; higher prices and consumers' preference for saving may suppress purchasing activity; and selling, general and administrative expenses declined 10.4% year on year due to improved personnel efficiency, tighter control of administrative expenses and the transfer of the apparel business.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsNo applicable matters.
Impairment loss¥407 million (stores and shared assets, in Tokyo and elsewhere: buildings and structures, ¥320 million; tools, furniture and fixtures, ¥54 million; lease assets, ¥23 million; intangible fixed assets, ¥0 million; other, ¥8 million)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1 million / Compensation received ¥63 million / Gain on bargain purchase ¥8 million / Total ¥72 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥13 million / Impairment loss ¥407 million / Loss on closure of stores ¥0 million / Provision for store closure losses ¥3 million / Total ¥426 million
Depreciation and amortization¥734 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End34,359,396 Shares
Treasury Shares at Period-End410,232 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥81,377 million (YoY -11.4%) |
| Operating profit | ¥1,090 million (YoY -50.3%) |
| Ordinary income | ¥1,508 million (YoY -41.2%) |
| Profit attributable to owners of the parent | ¥237 million (YoY -91.9%) |
| Net income per share | ¥6.91 |
| Operating Margin | 1.3% |
| Equity ratio | End of the current fiscal period 70.3% / End of previous period 65.8% |
| Total assets | ¥71,016 million |
| Net assets | ¥49,964 million |
| Cash flows from operating activities | ¥-4,130 million |
| Cash flows from investing activities | ¥-335 million |
| Cash flows from financing activities | ¥-3,286 million |
| Cash and cash equivalents at end of period | ¥16,729 million |
| Full-year earnings forecast | Net Sales ¥82,500 million (YoY +1.4%) / Operating profit ¥1,400 million (YoY +28.3%) / Ordinary income ¥1,700 million (YoY +12.7%) / Net income ¥1,100 million (YoY +363.0%) |
| Annual Dividend Forecast | ¥34.00 → ¥54.00（58.8%） |
| Payout ratio | FY ended February 2025 40.9% / Fiscal year ending February 2026 781.5% / Forecast for the fiscal year ending February 2027 168.9% |
| Segment revenue | Not disclosed (omitted because the company has a single segment for the current fiscal year) |
| Segment profit | Not disclosed (omitted because the company has a single segment for the current fiscal year) |
| Depreciation and amortization | ¥734 million |
| Impairment loss | ¥407 million (stores and shared assets, in Tokyo and elsewhere: buildings and structures, ¥320 million; tools, furniture and fixtures, ¥54 million; lease assets, ¥23 million; intangible fixed assets, ¥0 million; other, ¥8 million) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1 million / Compensation received ¥63 million / Gain on bargain purchase ¥8 million / Total ¥72 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥13 million / Impairment loss ¥407 million / Loss on closure of stores ¥0 million / Provision for store closure losses ¥3 million / Total ¥426 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 34,359,396 Shares |
| Treasury Shares at Period-End | 410,232 Shares |
| Factors Behind Changes in Business Performance | The consolidated business became focused primarily on footwear following the transfer of the apparel business; higher prices and consumers' preference for saving may suppress purchasing activity; and selling, general and administrative expenses declined 10.4% year on year due to improved personnel efficiency, tighter control of administrative expenses and the transfer of the apparel business. |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
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.The company explained that, following the transfer of its apparel business, the consolidated business is now focused primarily on footwear, while higher prices and consumers' preference for saving may suppress purchasing activity. Selling, general and administrative expenses declined 10.4% year on year due to improved personnel efficiency, tighter control of administrative expenses and the transfer of the apparel business.
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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