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Earnings8219AOYAMA TRADING Co.,Ltd.Retail

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended March 2026, revenue and profits were lower than in the previous fiscal year, mainly due to weak performance in the business wear business. For the fiscal year ending March 2027, the Company expects higher revenue, operating profit, ordinary profit and net profit.

Worth reading
59In 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
-15.8
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales189,011¥ millionYear on year -3.4%Progress 97.1%
Operating profit10,588¥ millionYear on year -15.8%Progress 90.5%
Ordinary income10,919¥ millionYear on year -13.5%Progress 91.8%
Net income attributable to owners of the parent6,918¥ millionYear on year -26.4%Progress 91.0%

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¥47.95
Operating Margin5.6%
Financial position at period-end
Total assets306,096¥ million
of which net assets 180,853 ¥ millionEquity ratio 57.9%vs. prior year-end +2.1pt

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+9,995
Investment-8,796
Financials-18,976
Net change-17,777

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¥48,534 million
Segment revenueBusinesswear business ¥124,299 million (YoY +93.4%), Card business ¥5,506 million (YoY +104.6%), Printing and media business ¥10,806 million (YoY +98.6%), General merchandise retail business ¥15,268 million (YoY +101.0%), Comprehensive repair services business ¥14,615 million (YoY +103.4%), Franchisee business ¥17,545 million (YoY +108.2%), Real Estate Business ¥4,507 million (YoY +98.8%)
Segment profitBusinesswear business ¥5,183 million (YoY +61.9%), Card business ¥2,424 million (YoY +122.6%), Printing and media business ¥50 million, General merchandise retail business ¥155 million (YoY +110.0%), Comprehensive repair services business ¥368 million (YoY +228.7%), Franchisee business ¥1,320 million (YoY +118.1%), Real Estate Business ¥1,101 million (YoY +97.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥194,700 million (YoY +3.0%)
Operating profit¥11,700 million (YoY +10.5%)
Ordinary income¥11,900 million (YoY +9.0%)
Net income¥7,600 million (YoY +9.9%)
Annual Dividend Forecast¥136 (per share, as stated) → ¥38 (per share, as stated)(-72.1%)
Payout ratio94.5
Shareholder Return PolicyThe higher of a consolidated dividend payout ratio of 70% or DOE of 3%. Share repurchases of up to ¥10 billion during the period covered by the medium-term management plan.
Factors Behind Changes in Business Performance

The card business, comprehensive repair services business and franchisee business performed well, while the business wear business remained weak. Factors included the market's shift toward casual clothing, the delayed peak selling period for fall/winter products due to record-breaking and prolonged summer heat, and the shortened sales period.

Disclosure regarding the going concern assumption

None. The notes regarding the going concern assumption state, “There are no applicable matters.”

Change in accounting policy
基準改正に伴う変更 No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 consolidationAdded: 0 companies; excluded: 0 companies. There were no material changes to the scope of consolidation during the period.
Material subsequent eventsEffective 1 April 2026, the Company split each share of common stock into 3 shares and changed the total number of authorized shares from 174,641,100 to 523,923,300.
Impairment loss¥634 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥12 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥410 million, Impairment Losses ¥634 million, Business Restructuring Losses ¥67 million
Depreciation and amortization¥7,114 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End151,182,048
Treasury Shares at Period-End9,234,321
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥189,011 million (YoY -3.4%)
Operating profit¥10,588 million (YoY -15.8%)
Ordinary income¥10,919 million (YoY -13.5%)
Profit attributable to owners of the parent¥6,918 million (YoY -26.4%)
Net income per share¥47.95
Operating Margin5.6%
Equity ratioEnd of the current fiscal period 57.9 / End of previous period 55.8
Total assets¥306,096 million
Net assets¥180,853 million
Cash flows from operating activities¥9,995 million
Cash flows from investing activities¥-8,796 million
Cash flows from financing activities¥-18,976 million
Cash and cash equivalents at end of period¥48,534 million
Full-year earnings forecastNet Sales ¥194,700 million (YoY +3.0%) / Operating profit ¥11,700 million (YoY +10.5%) / Ordinary income ¥11,900 million (YoY +9.0%) / Net income ¥7,600 million (YoY +9.9%)
Annual Dividend Forecast¥136 (per share, as stated) → ¥38 (per share, as stated)(-72.1%)
Payout ratio94.5
Shareholder Return PolicyThe higher of a consolidated dividend payout ratio of 70% or DOE of 3%. Share repurchases of up to ¥10 billion during the period covered by the medium-term management plan.
Segment revenueBusinesswear business ¥124,299 million (YoY +93.4%), Card business ¥5,506 million (YoY +104.6%), Printing and media business ¥10,806 million (YoY +98.6%), General merchandise retail business ¥15,268 million (YoY +101.0%), Comprehensive repair services business ¥14,615 million (YoY +103.4%), Franchisee business ¥17,545 million (YoY +108.2%), Real Estate Business ¥4,507 million (YoY +98.8%)
Segment profitBusinesswear business ¥5,183 million (YoY +61.9%), Card business ¥2,424 million (YoY +122.6%), Printing and media business ¥50 million, General merchandise retail business ¥155 million (YoY +110.0%), Comprehensive repair services business ¥368 million (YoY +228.7%), Franchisee business ¥1,320 million (YoY +118.1%), Real Estate Business ¥1,101 million (YoY +97.2%)
Depreciation and amortization¥7,114 million
Impairment loss¥634 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥12 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥410 million, Impairment Losses ¥634 million, Business Restructuring Losses ¥67 million
Disclosure regarding the going concern assumptionNone. The notes regarding the going concern assumption state, “There are no applicable matters.”
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies. There were no material changes to the scope of consolidation during the period.
Material subsequent eventsEffective 1 April 2026, the Company split each share of common stock into 3 shares and changed the total number of authorized shares from 174,641,100 to 523,923,300.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End151,182,048
Treasury Shares at Period-End9,234,321
Factors Behind Changes in Business PerformanceThe card business, comprehensive repair services business and franchisee business performed well, while the business wear business remained weak. Factors included the market's shift toward casual clothing, the delayed peak selling period for fall/winter products due to record-breaking and prolonged summer heat, and the shortened sales period.
Items this document does not state (3)
Revision to Earnings ForecastRegional 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 card business, comprehensive repair services business and franchisee business performed well, while the business wear business remained weak. Factors included the market's shift toward casual clothing, record-breaking and prolonged summer heat, which delayed the peak selling period for fall/winter products and shortened the sales period.

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Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | AOYAMA TRADING Co.,Ltd. (8219) timely disclosure | Komori