Worth reading
71In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
54
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ending September 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,020 million-1.0%
Operating profit¥517 million+12.0%
Ordinary income¥517 million+13.2%
Net income¥280 million+41.8%
Gross Profit Margin28.6%
Operating profit margin4.0%
Selling, general and administrative expenses¥3,281 million
Results for the three months of the current quarter
Gross merchandise value
¥6,388 million
Operating profit
¥244 million
Full-year earnings forecast
Gross merchandise value
¥26,200 million
Operating revenue
¥7,800 million
Operating profit
¥1,000 million
Ordinary income
¥970 million
Profit attributable to owners of the parent
¥520 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Gross merchandise value49.4%
Operating revenue51.5%
Operating profit51.7%
Ordinary income53.3%
Profit attributable to owners of the parent53.9%
Number of new stores80%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating revenue and operating income are both tracking above forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Decrease in personnel-related expenses+¥71 million
Decrease in rent and related expenses+¥26 million
Other SG&A expenses+JPY 7 million
Gross operating profit-¥49 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
New-format storesThe forecast assumes expansion through a compact store format, with a lower sales scale per store.
New initiatives
- Opened 20 new-format stores and 4 stores in commercial facilities.
- Established a new logistics center in Shimotsuma, Ibaraki Prefecture, strengthening the agricultural produce supply network for the Kanto region.
Key KPIsA metric the company considers important as a management benchmark.
Gross merchandise value
¥12,937 million-6.7%
Number of stores
196 Location
Registered producers
35,048 Engagements
Number of stores and locations
Number of Stores at Period-End196 stores
Stores opened during the period24 stores
Store closures during the period10 stores
New Logistics Facilities1 location
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥4,020 million (YoY -1.0%) |
| Operating profit | ¥517 million (YoY +12.0%) |
| Ordinary income | ¥517 million (YoY +13.2%) |
| Net income | ¥280 million (YoY +41.8%) |
| Gross Profit Margin | 28.6% |
| Operating profit margin | 4.0% |
| Selling, general and administrative expenses | ¥3,281 million |
| Results for the three months of the current quarter | Gross merchandise value ¥6,388 million / Operating profit ¥244 million |
| Full-year earnings forecast | Gross merchandise value ¥26,200 million / Operating revenue ¥7,800 million / Operating profit ¥1,000 million / Ordinary income ¥970 million / Profit attributable to owners of the parent ¥520 million |
| Progress against full-year forecast | Gross merchandise value 49.4% / Operating revenue 51.5% / Operating profit 51.7% / Ordinary income 53.3% / Profit attributable to owners of the parent 53.9% / Number of new stores 80% |
| Self-assessment against the plan | Operating revenue and operating income are both tracking above forecast. |
| Breakdown of Factors Affecting the Change | Decrease in personnel-related expenses +¥71 million / Decrease in rent and related expenses +¥26 million / Other SG&A expenses +JPY 7 million / Gross operating profit -¥49 million |
| Key KPIs | Gross merchandise value ¥12,937 million (YoY -6.7%) / Number of stores 196 Location / Registered producers 35,048 Engagements |
| Number of stores and locations | Number of Stores at Period-End 196 stores / Stores opened during the period 24 stores / Store closures during the period 10 stores / New Logistics Facilities 1 location |
| Assumptions Underlying the Business Outlook | New-format stores The forecast assumes expansion through a compact store format, with a lower sales scale per store. |
| New initiatives | Opened 20 new-format stores and 4 stores in commercial facilities., Established a new logistics center in Shimotsuma, Ibaraki Prefecture, strengthening the agricultural produce supply network for the Kanto region. |
Items this document does not state (13)
Segment resultsUnit price and quantity metricsNumber of employeesRisk 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&A
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 decline in GMV was due to limiting the sales scale per store under the new-format store model. The increase in operating income was attributable to lower personnel expenses, rent and other SG&A expenses.
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.