Worth reading
49Recurring
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
15
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026ConsolidatedJapanese GAAPNet Sales57,362¥ millionYear on year -8.3%Progress 49.0%
Operating profit3,014¥ millionYear on year +15.0%Progress 48.6%
Ordinary income3,052¥ millionYear on year +16.0%Progress 50.0%
Net income attributable to owners of the parent2,220¥ millionYear on year -38.0%
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¥55.00
Operating Margin5.3%
Financial position at period-end
Total assets120,999¥ million
of which net assets 47,850 ¥ millionEquity ratio 39.5%vs. prior year-end +2.8pt
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+3,155
Investment-3,833
Financials-686
Net change-1,364
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¥3,293 million
Segment revenueDepartment store business ¥46,252 million (YoY -9.9%), Wholesale and retail ¥6,685 million (YoY -15.4%), Interior construction ¥3,125 million (YoY +63.1%), Real Estate Business ¥187 million (YoY +17.0%), Other Businesses ¥1,111 million (YoY -8.9%)
Segment profitDepartment store business ¥2,379 million (YoY +9.3%), Wholesale and retail ¥54 million (YoY -52.8%), Interior construction ¥699 million (YoY +121.1%), Real Estate Business ¥132 million (YoY +16.7%), Other Businesses ¥-50 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥117,000 million (YoY -6.7%)
Operating profit¥6,200 million (YoY -7.7%)
Ordinary income¥6,100 million (YoY -7.8%)
Profit attributable to owners of the parent¥4,000 million (YoY +7.8%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥117,000 million / Operating profit Not disclosed → ¥6,200 million / Ordinary income Not disclosed → ¥6,100 million / Profit attributable to owners of the parent Not disclosed → ¥4,000 million
Annual Dividend Forecast¥20 → ¥25（+25.0%）
Factors Behind Changes in Business Performance
Revenue decreased due to the reactionary decline in sales at the official store inside the Osaka-Kansai Expo venue, the closure of the Nagoya store, and lower new-car sales ahead of model changes. Operating profit increased due to improved margins and lower expenses related to the Expo and the closure of the Nagoya store.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsNot applicable.
Impairment loss¥0 million
Breakdown of extraordinary income (loss)Extraordinary income Contributions received for construction, etc. ¥505 million, Gain on sale of investment securities ¥53 million / Extraordinary loss Loss on reduction of fixed assets ¥407 million, Losses on disposal of fixed assets and other items ¥123 million
Depreciation and amortization¥2,171 million
Availability of Financial Results BriefingNone (対象者：Not applicable)
Issued Shares at Period-End40,437,940 Shares
Treasury Shares at Period-End61,760 Shares
Supplementary financial results materialsYes
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥57,362 million (YoY -8.3%) |
| Operating profit | ¥3,014 million (YoY +15.0%) |
| Ordinary income | ¥3,052 million (YoY +16.0%) |
| Profit attributable to owners of the parent | ¥2,220 million (YoY -38.0%) |
| Net income per share | ¥55.00 |
| Operating Margin | 5.3% |
| Equity ratio | End of the current fiscal period 39.5% / End of previous period 36.7% |
| Total assets | ¥120,999 million |
| Net assets | ¥47,850 million |
| Cash flows from operating activities | ¥3,155 million |
| Cash flows from investing activities | ¥-3,833 million |
| Cash flows from financing activities | ¥-686 million |
| Cash and cash equivalents at end of period | ¥3,293 million |
| Full-year earnings forecast | Net Sales ¥117,000 million (YoY -6.7%) / Operating profit ¥6,200 million (YoY -7.7%) / Ordinary income ¥6,100 million (YoY -7.8%) / Profit attributable to owners of the parent ¥4,000 million (YoY +7.8%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥117,000 million / Operating profit Not disclosed → ¥6,200 million / Ordinary income Not disclosed → ¥6,100 million / Profit attributable to owners of the parent Not disclosed → ¥4,000 million |
| Annual Dividend Forecast | ¥20 → ¥25（+25.0%） |
| Segment revenue | Department store business ¥46,252 million (YoY -9.9%), Wholesale and retail ¥6,685 million (YoY -15.4%), Interior construction ¥3,125 million (YoY +63.1%), Real Estate Business ¥187 million (YoY +17.0%), Other Businesses ¥1,111 million (YoY -8.9%) |
| Segment profit | Department store business ¥2,379 million (YoY +9.3%), Wholesale and retail ¥54 million (YoY -52.8%), Interior construction ¥699 million (YoY +121.1%), Real Estate Business ¥132 million (YoY +16.7%), Other Businesses ¥-50 million |
| Depreciation and amortization | ¥2,171 million |
| Impairment loss | ¥0 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Contributions received for construction, etc. ¥505 million, Gain on sale of investment securities ¥53 million / Extraordinary loss Loss on reduction of fixed assets ¥407 million, Losses on disposal of fixed assets and other items ¥123 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | Not applicable. |
| Supplementary financial results materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not applicable) |
| Issued Shares at Period-End | 40,437,940 Shares |
| Treasury Shares at Period-End | 61,760 Shares |
| Factors Behind Changes in Business Performance | Revenue decreased due to the reactionary decline in sales at the official store inside the Osaka-Kansai Expo venue, the closure of the Nagoya store, and lower new-car sales ahead of model changes. Operating profit increased due to improved margins and lower expenses related to the Expo and the closure of the Nagoya store. |
Items this document does not state (4)
Payout ratioShareholder 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.Revenue decreased due to the reactionary decline in sales at the official store inside the Osaka-Kansai Expo venue, which opened the previous year, the closure of the Nagoya store, and lower new-car sales ahead of model changes. Operating profit increased due to improved margins and lower expenses related to the Expo and the closure of the Nagoya store. Interim net income decreased, mainly reflecting the reaction to compensation received and recorded in the previous year.
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