Third-Quarter Results Presentation and Supplementary Materials for the Fiscal Year Ending December 2025: Details and Soundness of Goodwill Arising from M&A

The company explained the goodwill recorded from M&A by separating the portion corresponding to consideration already paid from the portion payable only if the acquired company’s performance exceeds a certain level. Confirmed goodwill accounts for approximately 70% of the total, and the company expects to recover it in approximately 3.5 years at the current EBITDA level. Excluding additional consideration, the effective equity ratio would be 30.2%.

Worth reading

11Immaterial

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Improvement

Direction inferred from the company’s description.

Scale

30.2

%（実質自己資本比率）

Wording

Conditional

How definitive the wording is.

Contents of this document

Earnings presentationThird quarter of the fiscal year ended December 2025

Financial Results Figures

Results for the three months of the current quarter

EBITDA

¥6.8 million

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Third quarter of the fiscal year ended December 2025
Results for the three months of the current quarter	EBITDA ¥6.8 million

Items this document does not state (28)

Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

未確定ののれんは、買収先の業績が大きく伸びて一定の基準を超えた場合にのみ追加の譲渡対価が発生し、基準に届かなければ支払義務がなくなるため。また、確定しているのれんは直近の年間EBITDA水準で約3.5年以内に回収できる見込みであるため。

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.