Worth reading
49Recurring
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
532
¥ million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥36,266 millions+16.1%
Operating profit¥1,951 millions+37.5%
Ordinary income¥2,070 millions+41.8%
Net income¥981 millions
Full-year earnings forecast
Net Sales
¥78,006 millions
Operating profit
¥3,820 millions
Ordinary income
¥3,841 millions
Net income
¥1,855 millions
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of the plan, while operating profit, ordinary profit and net income exceeded the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in consolidated operating profit
Higher profit in the consumer business409
Increase in corporate business sales14
11 stores acquired74
Sale of large properties in the previous fiscal year-222
Other81
Year-on-year change in operating profit of the mobile communications business
Increase in consumer business sales1,274
Increase in corporate business sales110
11 stores acquired582
Increase in SG&A expenses for the corporate business-491
Increase in promotional expenses at existing stores-151
Higher other expenses-250
Operating profit of the mobile communications business versus plan
Increase in consumer business sales203
Increase in promotional expenses-83
Lower personnel expenses47
Increase in recruiting expenses-62
Variance in goodwill amortization108
Expense timing differences and other factors15
New initiatives
- Operate 11 acquired stores in the mobile communications business
- Increase the number of stores by 10 under the full-year plan
- Strengthen the corporate business sales team from 35 to 50 people
- Strengthen the cross-selling strategy through collaboration with group companies
- Plan to pay dividends for the fiscal year ending March 2027 based on a DOE of approximately 2%
Key KPIsA metric the company considers important as a management benchmark.
- Consumer unit sales131 thousand units
- Existing-store unit sales131 thousand units+6.5%
Segment results
Mobile Communications Business
Net Sales
¥16,387 millions+24.1%
Operating profit
¥558 millions+274.1%
Financial targets
Dividend policy targeting a DOE of 2%Number of stores and locations
11 stores acquired. The full-year plan assumes an increase of 10 stores. Period-end store count: Not disclosedNumber of employees
Plan to strengthen the corporate business sales organization from 35 to 50 peoplePayout ratio
DOE of approximately 2%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥36,266 millions (YoY +16.1%) |
| Operating profit | ¥1,951 millions (YoY +37.5%) |
| Ordinary income | ¥2,070 millions (YoY +41.8%) |
| Net income | ¥981 millions |
| Full-year earnings forecast | Net Sales ¥78,006 millions / Operating profit ¥3,820 millions / Ordinary income ¥3,841 millions / Net income ¥1,855 millions |
| Self-assessment against the plan | Revenue fell short of the plan, while operating profit, ordinary profit and net income exceeded the plan |
| Segment results | Mobile Communications Business Net Sales ¥16,387 millions (YoY +24.1%) / Operating profit ¥558 millions (YoY +274.1%) |
| Breakdown of Factors Affecting the Change | Year-on-year change in consolidated operating profit Higher profit in the consumer business 409 / Increase in corporate business sales 14 / 11 stores acquired 74 / Sale of large properties in the previous fiscal year -222 / Other 81 / Year-on-year change in operating profit of the mobile communications business Increase in consumer business sales 1,274 / Increase in corporate business sales 110 / 11 stores acquired 582 / Increase in SG&A expenses for the corporate business -491 / Increase in promotional expenses at existing stores -151 / Higher other expenses -250 / Operating profit of the mobile communications business versus plan Increase in consumer business sales 203 / Increase in promotional expenses -83 / Lower personnel expenses 47 / Increase in recruiting expenses -62 / Variance in goodwill amortization 108 / Expense timing differences and other factors 15 |
| Key KPIs | Consumer unit sales 131 thousand units, Existing-store unit sales 131 thousand units (YoY +6.5%) |
| Number of stores and locations | 11 stores acquired. The full-year plan assumes an increase of 10 stores. Period-end store count: Not disclosed |
| Number of employees | Plan to strengthen the corporate business sales organization from 35 to 50 people |
| Financial targets | Dividend policy targeting a DOE of 2% |
| Payout ratio | DOE of approximately 2% |
| New initiatives | Operate 11 acquired stores in the mobile communications business, Increase the number of stores by 10 under the full-year plan, Strengthen the corporate business sales team from 35 to 50 people, Strengthen the cross-selling strategy through collaboration with group companies, Plan to pay dividends for the fiscal year ending March 2027 based on a DOE of approximately 2% |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendAcquisition 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.In the mobile communications business, the 11 stores acquired through the business transfer, expanded sales in the corporate business and increased unit sales in the consumer business contributed to higher earnings. Compared with plan, profit margins improved as the company avoided excessive discounts and made appropriate sales in line with actual demand.
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.