Worth reading
56In 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
2423
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales98,157¥ million
Operating profit-2,372¥ million
Ordinary income-2,621¥ million
Net income attributable to owners of the parent-3,798¥ million
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.
Net income per share−¥165.37
Operating Margin△2.4%
Financial position at period-end
Total assets64,648¥ million
of which net assets 21,062 ¥ millionEquity ratio 32.6%vs. prior year-end -3.5pt
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+3,449
Investment-565
Financials-3,036
Net change-152
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¥3,571 million
Outlook and shareholder returns
Full-year earnings forecast
Net SalesTo be determined
Operating profitTo be determined
Ordinary incomeTo be determined
Net incomeTo be determined
Annual Dividend ForecastActual for the fiscal year ended February 2026 0.00 → Forecast for the fiscal year ending February 2027 Undetermined（To be determined）
Factors Behind Changes in Business Performance
Gross operating profit declined due to surging energy prices, logistics costs and labor costs, price reductions on core products, and clearance sales at stores scheduled for closure. The Company also recorded losses on store closures and impairment losses.
Disclosure regarding the going concern assumption
Not applicable.
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 / Name of newly added company Not disclosed / Excluded Company Name Not disclosed
Material subsequent eventsThe Company entered into a share exchange agreement with PPIH on 6 April 2026 and is scheduled to become a subsidiary of PPIH effective 1 July 2026. Before then, it is scheduled to be delisted from the Tokyo Stock Exchange Standard Market effective 29 June 2026.
Impairment loss¥1,272 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥1 million, Item Gain on sale of investment securities / Amount ¥1 million, Item Settlement proceeds received / Amount ¥589 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥177 million, Item Loss on sale of membership rights / Amount ¥10 million, Item Impairment Losses / Amount ¥685 million, Item Loss on cancellation of lease agreements / Amount ¥133 million, Item Litigation-related losses / Amount ¥102 million, Item Loss on closure of stores / Amount ¥587 million, Item Funeral expenses for a company founder or executive / Amount ¥19 million
Depreciation and amortization¥1,915 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,354,223
Treasury Shares at Period-End383,712
| 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 | ¥98,157 million |
| Operating profit | ¥-2,372 million |
| Ordinary income | ¥-2,621 million |
| Profit attributable to owners of the parent | ¥-3,798 million |
| Net income per share | −¥165.37 |
| Operating Margin | △2.4% |
| Equity ratio | End of the current fiscal period 32.6% / End of previous period 36.1% |
| Total assets | ¥64,648 million |
| Net assets | ¥21,062 million |
| Cash flows from operating activities | ¥3,449 million |
| Cash flows from investing activities | ¥-565 million |
| Cash flows from financing activities | ¥-3,036 million |
| Cash and cash equivalents at end of period | ¥3,571 million |
| Full-year earnings forecast | Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income To be determined |
| Annual Dividend Forecast | Actual for the fiscal year ended February 2026 0.00 → Forecast for the fiscal year ending February 2027 Undetermined（To be determined） |
| Depreciation and amortization | ¥1,915 million |
| Impairment loss | ¥1,272 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥1 million, Item Gain on sale of investment securities / Amount ¥1 million, Item Settlement proceeds received / Amount ¥589 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥177 million, Item Loss on sale of membership rights / Amount ¥10 million, Item Impairment Losses / Amount ¥685 million, Item Loss on cancellation of lease agreements / Amount ¥133 million, Item Litigation-related losses / Amount ¥102 million, Item Loss on closure of stores / Amount ¥587 million, Item Funeral expenses for a company founder or executive / Amount ¥19 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 / Name of newly added company Not disclosed / Excluded Company Name Not disclosed |
| Material subsequent events | The Company entered into a share exchange agreement with PPIH on 6 April 2026 and is scheduled to become a subsidiary of PPIH effective 1 July 2026. Before then, it is scheduled to be delisted from the Tokyo Stock Exchange Standard Market effective 29 June 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 23,354,223 |
| Treasury Shares at Period-End | 383,712 |
| Factors Behind Changes in Business Performance | Gross operating profit declined due to surging energy prices, logistics costs and labor costs, price reductions on core products, and clearance sales at stores scheduled for closure. The Company also recorded losses on store closures and impairment losses. |
Items this document does not state (7)
Revision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional 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.Surging energy prices, logistics costs and labor costs, price reductions on core products to counter competing stores, and clearance sales at stores scheduled for closure put pressure on gross operating profit. The Company also recorded losses on store closures and impairment losses. It has cited its planned delisting effective 29 June 2026 and planned conversion into a PPIH subsidiary effective 1 July 2026 as the reasons for not publishing earnings and dividend forecasts.
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.