Komori
Revision of earnings forecasts8203MrMax Holdings Ltd.Retail

Notice regarding the revision of numerical targets in the medium-term management plan (fiscal year ending February 2025 to fiscal year ending February 2029)

The company lowered its consolidated targets for the fiscal year ending February 2029, with net sales changed from ¥20.0 billion to ¥18.5 billion and operating profit changed from ¥1.0 billion to ¥8.3 billion. While slowing the pace of new store openings in response to higher construction costs and other factors, the company will leave its targets for existing-store sales and operating profit margin unchanged.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-150
¥100 million (sales)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending February 2029 · Full yearPrevious forecast published 11 April 2024
Net Sales2,000→1,850100 million
-7.5%
Operating profit100→83100 million
-17.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

While initiatives at existing stores are progressing as planned, the pace of new store openings is expected to be slower than initially planned due to changes in the store-opening environment, including higher construction costs. The company will prioritise strengthening its earnings base centred on existing stores and carefully select projects expected to generate a return on investment.

Revised forecast
ItemDetails
Net Sales¥2,000 100 million → ¥1,850 100 million(-7.5%)
Operating profit¥100 100 million → ¥83 100 million(-17.0%)
Fiscal Period CoveredFiscal year ending February 2029
Period CoveredFull year
Publication date of previous forecast11 April 2024
Reason for the revisionWhile initiatives at existing stores are progressing as planned, the pace of new store openings is expected to be slower than initially planned due to changes in the store-opening environment, including higher construction costs. The company will prioritise strengthening its earnings base centred on existing stores and carefully select projects expected to generate a return on investment.
Items this document does not state (7)
Ordinary incomeProfit attributable to owners of the parentNet income per sharePrevious-period resultsDetails and amount of extraordinary lossDividend forecast revisionConsolidated / non-consolidated

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.

While initiatives at existing stores are progressing as planned, the pace of new store openings is expected to be slower than initially planned due to changes in the store-opening environment, including higher construction costs. The company says it will prioritise its earnings base at existing stores and carefully select projects expected to generate a return on investment.

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.
Notice regarding the revision of numerical targets in the medium-term management plan (fiscal year ending February 2025 to fiscal year ending February 2029) | MrMax Holdings Ltd. (8203) timely disclosure | Komori