Worth reading
61In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
255
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending February 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥75,133 million+104.3%
Operating profit¥3,062 million+109.1%
Ordinary income¥3,001 million+103.1%
Net income¥1,937 million+102.3%
Selling, general and administrative expenses¥17,284 million
Gross Profit Margin
Rate23.1
Year-on-year change (points)-0.9
Operating profit margin
Rate4.1
Year-on-year change (points)-0.2
Full-year earnings forecast
Operating revenue
¥157,000 million
Net Sales
¥151,000 million
Gross profit
¥33,600 million
Operating profit
¥4,850 million
Ordinary income
¥4,700 million
Net income
¥3,100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in operating revenue1,366
Increase in gross profit226
Increase in personnel expenses-673
Increase in logistics costs-142
Increase in depreciation expense-115
Increase in Sales Commissions and Advertising Expenses-64
Increase in other costs-61
Other-226
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Same-Store Revenue Growth-3 %
New Store Openings7 %
unit_2Location
New initiatives
- Plans to open 7 new stores in the fiscal year ending February 2027
- Renovation of existing stores to be carried out
Key KPIsA metric the company considers important as a management benchmark.
Private-label sales mix
21.6 %
Number of Stores at Period-End
62 Location
Segment results
Home Appliance Division
Net Sales¥10,789 million
Year on year against the same period last year+108.8%
AV Equipment Division
Net Sales¥3,736 million
Year on year against the same period last year+104.7%
Lifestyle Division
Net Sales¥10,437 million
Year on year against the same period last year+110.5%
Home Solutions Division
Net Sales¥6,396 million
Year on year against the same period last year+102.3%
HCD Division
Net Sales¥15,092 million
Year on year against the same period last year+106.7%
Food Division
Net Sales¥28,925 million
Year on year against the same period last year+100.2%
Other
Net Sales¥-244 million
Medium-term management plan targets
Private-label sales mix
Target fiscal yearFiscal year ending February 2029
Target value30 %
Number of stores and locations
Number of Stores at Period-End62 Location
Stores opened during the period3 Location
Store closures during the period0 Location
Number of employees
Permanent employees789 people
Average Part-Time and Temporary Staff1,891 people
Total employees2,680 people
Capital expenditures
¥3,962 million cumulative actual results for the second quarter
Annual Dividend
Year-end dividend¥18 per share
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | ¥75,133 million (YoY +104.3%) |
| Operating profit | ¥3,062 million (YoY +109.1%) |
| Ordinary income | ¥3,001 million (YoY +103.1%) |
| Net income | ¥1,937 million (YoY +102.3%) |
| Gross Profit Margin | Rate 23.1 / Year-on-year change (points) -0.9 |
| Operating profit margin | Rate 4.1 / Year-on-year change (points) -0.2 |
| Selling, general and administrative expenses | ¥17,284 million |
| Full-year earnings forecast | Operating revenue ¥157,000 million / Net Sales ¥151,000 million / Gross profit ¥33,600 million / Operating profit ¥4,850 million / Ordinary income ¥4,700 million / Net income ¥3,100 million |
| Segment results | Home Appliance Division Net Sales ¥10,789 million / yoy_pct ¥108.8 million / AV Equipment Division Net Sales ¥3,736 million / yoy_pct ¥104.7 million / Lifestyle Division Net Sales ¥10,437 million / yoy_pct ¥110.5 million / Home Solutions Division Net Sales ¥6,396 million / yoy_pct ¥102.3 million / HCD Division Net Sales ¥15,092 million / yoy_pct ¥106.7 million / Food Division Net Sales ¥28,925 million / yoy_pct ¥100.2 million / Other Net Sales ¥-244 million / yoy_pct Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in operating revenue 1,366 / Increase in gross profit 226 / Increase in personnel expenses -673 / Increase in logistics costs -142 / Increase in depreciation expense -115 / Increase in Sales Commissions and Advertising Expenses -64 / Increase in other costs -61 / Other -226 |
| Key KPIs | Same-Store Sales Not disclosed / Same-store customer traffic Not disclosed / Private-label sales mix 21.6 % / Number of Stores at Period-End 62 Location |
| Number of stores and locations | Number of Stores at Period-End 62 Location / Stores opened during the period 3 Location / Store closures during the period 0 Location |
| Number of employees | Permanent employees 789 people / Average Part-Time and Temporary Staff 1,891 people / Total employees 2,680 people |
| Assumptions Underlying the Business Outlook | Same-Store Revenue Growth -3 % / New Store Openings 7 % / unit_2 Location |
| Medium-term management plan targets | Private-label sales mix Target fiscal year Fiscal year ending February 2029 / Target value 30 % |
| Annual Dividend | Year-end dividend ¥18 per share / Interim Dividend Not disclosed |
| Capital expenditures | ¥3,962 million (cumulative actual results for the second quarter) |
| New initiatives | Plans to open 7 new stores in the fiscal year ending February 2027, Renovation of existing stores to be carried out |
Items this document does not state (11)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesOrders 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.The company cites higher gross profit and increased sales of high-margin products and private-label products as factors behind the increase in operating income. It also states that personnel expenses increased due to higher wages and an increase in staffing associated with new store openings, while logistics expenses increased in connection with new store openings.
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.