Worth reading
72In focus
Scored from 4 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-3998
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales9,394¥ millionYear on year -1.0%
Operating profit-2,792¥ million
Ordinary income-2,827¥ million
Net income attributable to owners of the parent-3,998¥ 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(¥339.01)
Operating Margin△29.7%
Financial position at period-end
Total assets26,883¥ million
of which net assets 3,300 ¥ millionEquity ratio 10.6%vs. prior year-end -64.3pt
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-4,041
Investment-246
Financials+375
Net change-3,912
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¥2,059 million
Segment revenuePhysical gold ¥8,043 million (YoY -12.1%), Non-bank ¥1,351 million (YoY +299.9%)
Segment profitPhysical gold ¥-1,067 million, Non-bank ¥-1,416 million
Outlook and shareholder returns
Full-year earnings forecast
Net SalesUndecided
Operating profitUndecided
Ordinary incomeUndecided
Net incomeUndecided
Annual Dividend Forecast¥0.00 → Undecided（Undecided）
Factors Behind Changes in Business Performance
Investor sentiment became more cautious because of significant fluctuations in gold prices and concerns over market overheating, resulting in sluggish gold bullion sales. Meanwhile, earnings from the non-bank business expanded following the acquisition of クラウドバンク株式会社.
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 Number of companies 25 / Company name 株式会社まーる, クラウドバンク株式会社 and 23 other companies / Excluded Number of companies 1 / Company name 株式会社まーる
Material subsequent eventsOn 14 April 2026, the Company confirmed completion of payment for new shares and the Third Series Stock Acquisition Rights issued through a third-party allotment. The total funds raised if all of the stock acquisition rights are exercised will be ¥3,319,590,000.
Impairment loss¥883 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on step acquisition ¥42 million, Gain on sale of non-current assets ¥1 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 million, Impairment Losses on Shares of Affiliates ¥636 million, Litigation Settlement ¥1,209 million, Impairment Losses ¥883 million, Other ¥0 million
Depreciation and amortization¥11 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End13,570,982 shares
Treasury Shares at Period-End9,442 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥9,394 million (YoY -1.0%) |
| Operating profit | ¥-2,792 million |
| Ordinary income | ¥-2,827 million |
| Profit attributable to owners of the parent | ¥-3,998 million |
| Net income per share | (¥339.01) |
| Operating Margin | △29.7% |
| Equity ratio | End of the current fiscal period 10.6% / End of previous period 74.9% |
| Total assets | ¥26,883 million |
| Net assets | ¥3,300 million |
| Cash flows from operating activities | ¥-4,041 million |
| Cash flows from investing activities | ¥-246 million |
| Cash flows from financing activities | ¥375 million |
| Cash and cash equivalents at end of period | ¥2,059 million |
| Full-year earnings forecast | Net Sales Undecided / Operating profit Undecided / Ordinary income Undecided / Net income Undecided |
| Annual Dividend Forecast | ¥0.00 → Undecided（Undecided） |
| Segment revenue | Physical gold ¥8,043 million (YoY -12.1%), Non-bank ¥1,351 million (YoY +299.9%) |
| Segment profit | Physical gold ¥-1,067 million, Non-bank ¥-1,416 million |
| Depreciation and amortization | ¥11 million |
| Impairment loss | ¥883 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on step acquisition ¥42 million, Gain on sale of non-current assets ¥1 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 million, Impairment Losses on Shares of Affiliates ¥636 million, Litigation Settlement ¥1,209 million, Impairment Losses ¥883 million, Other ¥0 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 Number of companies 25 / Company name 株式会社まーる, クラウドバンク株式会社 and 23 other companies / Excluded Number of companies 1 / Company name 株式会社まーる |
| Material subsequent events | On 14 April 2026, the Company confirmed completion of payment for new shares and the Third Series Stock Acquisition Rights issued through a third-party allotment. The total funds raised if all of the stock acquisition rights are exercised will be ¥3,319,590,000. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 13,570,982 shares |
| Treasury Shares at Period-End | 9,442 shares |
| Factors Behind Changes in Business Performance | Investor sentiment became more cautious because of significant fluctuations in gold prices and concerns over market overheating, resulting in sluggish gold bullion sales. Meanwhile, earnings from the non-bank business expanded following the acquisition of クラウドバンク株式会社. |
Items this document does not state (5)
Revision to Earnings ForecastPayout 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.Investor sentiment became more cautious amid significant fluctuations in gold prices and concerns over market overheating, resulting in sluggish sales of gold bullion from January to March 2026. While earnings from the non-bank business expanded following the acquisition of クラウドバンク株式会社, the Company recorded extraordinary losses including a ¥636 million loss on the valuation of shares in affiliated companies, ¥1,209 million in litigation settlement costs and an ¥883 million impairment loss.
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.