Worth reading
46Recurring
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
41
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,744 million+4.5%
Operating profit¥360 million-41.0%
Ordinary income¥326 million-46.5%
Net income¥319 million-19.2%
Operating profit margin3.7 %
Selling, general and administrative expenses¥1,810 million
Full-year earnings forecast
Net Sales
¥20,267 million
Gross profit
¥5,019 million
Operating profit
¥1,439 million
Ordinary income
¥1,375 million
Net income
¥972 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。
Net Sales48.1 %
Sales Promotion Support Business Revenue47.1 %
Product Sales Business Revenue49.3 %
Gross profit43.2 %
Operating profit25 %
Ordinary income23.7 %
Net income32.9 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In the Sales Promotion Support Business, both first-half revenue and operating profit fell below the initial budget. In the Product Sales Business, first-half revenue exceeded the plan, while the decline in profit margin was identified as an issue.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Gross profit¥-142 million
- Personnel expenses¥8 million
- Freight costs¥-10 million
- Rent¥-31 million
- Payment commissions¥-26 million
- Depreciation and amortization¥-25 million
- Other¥-24 million
New initiatives
- In the Sales Promotion Support Business, advance the recognition of revenue from large projects whose recognition was delayed in the first half.
- Strengthen order-taking activities ahead of the year-end and New Year demand season, as well as collaborative projects with business partners.
- Improve the profitability of existing products in the Product Sales Business.
- Apply the product development capabilities built for 100-yen shops across the mass retail, e-commerce and B2B divisions.
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥503 millionYear on year against the same period last year-30.0%
Segment results
Sales Promotion Support Business
Net Sales
¥5,056 million+7.4%
Gross profit
¥1,204 million+3.9%
Segment profit
¥315 million
Merchandise Sales Business
Net Sales
¥4,791 million+2.7%
Gross profit
¥966 million-16.2%
Segment profit
¥45 million-84.7%
Gross profit
¥2,170 million
rate_pct22.3
yoy_change_pp-2.5
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥9,744 million (YoY +4.5%) |
| Operating profit | ¥360 million (YoY -41.0%) |
| Ordinary income | ¥326 million (YoY -46.5%) |
| Net income | ¥319 million (YoY -19.2%) |
| Gross profit | ¥2,170 million |
| Operating profit margin | 3.7 % |
| Selling, general and administrative expenses | ¥1,810 million |
| Full-year earnings forecast | Net Sales ¥20,267 million / Gross profit ¥5,019 million / Operating profit ¥1,439 million / Ordinary income ¥1,375 million / Net income ¥972 million |
| Progress against full-year forecast | Net Sales 48.1 % / Sales Promotion Support Business Revenue 47.1 % / Product Sales Business Revenue 49.3 % / Gross profit 43.2 % / Operating profit 25 % / Ordinary income 23.7 % / Net income 32.9 % |
| Self-assessment against the plan | In the Sales Promotion Support Business, both first-half revenue and operating profit fell below the initial budget. In the Product Sales Business, first-half revenue exceeded the plan, while the decline in profit margin was identified as an issue. |
| Segment results | Sales Promotion Support Business Net Sales ¥5,056 million (YoY +7.4%) / Gross profit ¥1,204 million (YoY +3.9%) / Segment profit ¥315 million / Merchandise Sales Business Net Sales ¥4,791 million (YoY +2.7%) / Gross profit ¥966 million (YoY -16.2%) / Segment profit ¥45 million (YoY -84.7%) |
| Breakdown of Factors Affecting the Change | Factors Gross profit / Amount ¥-142 million, Factors Personnel expenses / Amount ¥8 million, Factors Freight costs / Amount ¥-10 million, Factors Rent / Amount ¥-31 million, Factors Payment commissions / Amount ¥-26 million, Factors Depreciation and amortization / Amount ¥-25 million, Factors Other / Amount ¥-24 million |
| Key KPIs | Indicator name EBITDA / Value ¥503 million / Year on year against the same period last year ¥-30 million |
| New initiatives | In the Sales Promotion Support Business, advance the recognition of revenue from large projects whose recognition was delayed in the first half., Strengthen order-taking activities ahead of the year-end and New Year demand season, as well as collaborative projects with business partners., Improve the profitability of existing products in the Product Sales Business., Apply the product development capabilities built for 100-yen shops across the mass retail, e-commerce and B2B divisions. |
Items this document does not state (15)
Results for the three months of the current quarterUnit 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&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 Company attributed the decline in gross profit to higher procurement costs resulting from the situation in the Middle East and other factors, the increase in freight costs to higher shipment volumes, the increase in commissions and fees due to the head office relocation, subsidiary merger and recruitment, and the increase in depreciation expenses due to PC replacements. It said personnel expenses decreased mainly because of a decline in the amount recognized for the provision for bonuses.
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