Komori
Earnings presentation9716NOMURA Co.,Ltd.Information and Communications, Services and Others

Financial Results Briefing Materials for the Fiscal Year Ending February 2026

In fiscal 2025, the Company captured inbound tourism demand and large-scale urban redevelopment projects, driving revenue and all profit figures to record highs. Gross profit margin also improved as the number of highly profitable projects increased. For fiscal 2026, the Company plans higher revenue and profits and enhanced shareholder returns.

Worth reading
66In focus
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
44.1
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ended February 2026 (fiscal 2025), full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales162,679 million yen+8.3%
Operating profit12,818 million yen+44.1%
Ordinary income13,014 million yen+43.7%
Net income9,134 million yen+35.2%
Gross Profit Margin20.1 %
Operating profit margin7.9 %
Selling, general and administrative expenses19,950 million yen
Results for the three months of the current quarter
Q4 FY2025
Net Sales
41,462 million yen
Gross profit
8,148 million yen
Operating profit
2,864 million yen
Ordinary income
2,901 million yen
Net income
2,613 million yen
Full-year earnings forecast
Net Sales
168,000 million yen
Operating profit
13,400 million yen
Ordinary income
13,600 million yen
Profit attributable to owners of the parent
9,250 million yen
Dividend per share
44 yen
Earnings per share
82.89 yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved the fiscal 2025 target
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross profit due to higher revenue2,263 million yen
  • Increase in gross profit due to a 1.9-point rise in gross profit margin3,127 million yen
  • Decrease due to higher personnel expenses-825 million yen
  • Decrease due to higher expenses-644 million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The forecast assumes continued private-sector investment and inbound tourism demand, while numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed
New initiatives
  • Pursue new business models, including participating on the business-owner side and providing business production, drawing on the Company’s expertise in creating spaces
  • Rebuild the global collaboration structure to make the overseas business a growth pillar
  • Expand products and services
  • Develop and strengthen employees with diverse strengths
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received164,065 million yen
    Year-on-year (%)7.9
  • Order backlog70,196 million yen
    Year-on-year (%)2
  • ROE15.7 %
  • DOE8.1 %
  • Shareholders14,623 people
  • Market capitalization175,768 million yen
Segment results
  • Specialty store market
    Net Sales44,357 million yen
    Gross Profit Margin19.6
  • Department store and mass retailer market
    Net Sales3,990 million yen
    Gross Profit Margin23.1
  • Shopping complex market
    Net Sales18,017 million yen
    Gross Profit Margin22.8
  • Public relations and sales promotion market
    Net Sales17,209 million yen
    Gross Profit Margin21.7
  • Museum and art museum market
    Net Sales9,633 million yen
    Gross Profit Margin17.7
  • Leisure facility market
    Net Sales24,583 million yen
    Gross Profit Margin19.8
  • Exhibition and event market
    Net Sales14,816 million yen
    Gross Profit Margin22.4
  • Other markets
    Net Sales30,070 million yen
    Gross Profit Margin18
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales
¥1,900 100 million or more
Operating profit
¥161 100 million or more
Operating profit margin
8.5 % or higher
ROE
16.5 % or higher
Financial targets
FY2025 Results
ROE15.7 %
DOE8.1 %
Fiscal 2028 target
ROE16.5 % or higher
DOEDividend amount based on the higher of a DOE of 7% or a payout ratio of 50%
Market Size / Share
Display industry market size¥1,820 billion
Orders received and order backlog
Orders received
164,065 million yen
Year-on-year (%)7.9
Order backlog
70,196 million yen
Year-on-year (%)2
Number of employees
All Group employees2,742 people
Consolidated full-time employees2,154 people
Non-consolidated full-time employees1,587 people
Record dateEnd of February 2026
Annual Dividend
FY2025 Results
¥42 per share
FY2026 Forecast
¥44 per share
Payout ratio
FY2025 Results51.3 %
DOE8.1 %
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ended February 2026 (fiscal 2025), full year
Net Sales162,679 million yen (YoY +8.3%)
Operating profit12,818 million yen (YoY +44.1%)
Ordinary income13,014 million yen (YoY +43.7%)
Net income9,134 million yen (YoY +35.2%)
Gross Profit Margin20.1 %
Operating profit margin7.9 %
Selling, general and administrative expenses19,950 million yen
Results for the three months of the current quarterSubject Q4 FY2025 / Net Sales 41,462 million yen / Gross profit 8,148 million yen / Operating profit 2,864 million yen / Ordinary income 2,901 million yen / Net income 2,613 million yen
Full-year earnings forecastNet Sales 168,000 million yen / Operating profit 13,400 million yen / Ordinary income 13,600 million yen / Profit attributable to owners of the parent 9,250 million yen / Dividend per share 44 yen / Earnings per share 82.89 yen
Self-assessment against the planAchieved the fiscal 2025 target
Segment resultsSegment Specialty store market / Net Sales 44,357 million yen / yoy_pct 27.1 / Gross Profit Margin 19.6, Segment Department store and mass retailer market / Net Sales 3,990 million yen / yoy_pct -11.8 / Gross Profit Margin 23.1, Segment Shopping complex market / Net Sales 18,017 million yen / yoy_pct -11.8 / Gross Profit Margin 22.8, Segment Public relations and sales promotion market / Net Sales 17,209 million yen / yoy_pct 44.8 / Gross Profit Margin 21.7, Segment Museum and art museum market / Net Sales 9,633 million yen / yoy_pct -3.8 / Gross Profit Margin 17.7, Segment Leisure facility market / Net Sales 24,583 million yen / yoy_pct 1.3 / Gross Profit Margin 19.8, Segment Exhibition and event market / Net Sales 14,816 million yen / yoy_pct -21.5 / Gross Profit Margin 22.4, Segment Other markets / Net Sales 30,070 million yen / yoy_pct 18.5 / Gross Profit Margin 18
Breakdown of Factors Affecting the ChangeFactors Increase in gross profit due to higher revenue / Amount 2,263 million yen, Factors Increase in gross profit due to a 1.9-point rise in gross profit margin / Amount 3,127 million yen, Factors Decrease due to higher personnel expenses / Amount -825 million yen, Factors Decrease due to higher expenses / Amount -644 million yen
Key KPIsIndicator name Orders received / Value 164,065 million yen / Year-on-year (%) 7.9 million yen, Indicator name Order backlog / Value 70,196 million yen / Year-on-year (%) 2 million yen, Indicator name ROE / Value 15.7 %, Indicator name DOE / Value 8.1 %, Indicator name Shareholders / Value 14,623 people, Indicator name Market capitalization / Value 175,768 million yen
Number of employeesAll Group employees 2,742 people / Consolidated full-time employees 2,154 people / Non-consolidated full-time employees 1,587 people / Record date End of February 2026
Assumptions Underlying the Business OutlookThe forecast assumes continued private-sector investment and inbound tourism demand, while numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed
Medium-term management plan targetsTarget fiscal year FY2028 / Net Sales ¥1,900 100 million or more / Operating profit ¥161 100 million or more / Operating profit margin 8.5 % or higher / ROE 16.5 % or higher
Financial targetsFY2025 Results ROE 15.7 % / DOE 8.1 % / Fiscal 2028 target ROE 16.5 % or higher / DOE Dividend amount based on the higher of a DOE of 7% or a payout ratio of 50%
Annual DividendFY2025 Results ¥42 per share / FY2026 Forecast ¥44 per share / Interim and Year-End Breakdown Not disclosed
Payout ratioFY2025 Results 51.3 % / DOE 8.1 %
Orders received and order backlogOrders received 164,065 million yen / Order backlog 70,196 million yen
Market Size / ShareDisplay industry market size ¥1,820 billion / Competitive comparison Not disclosed
New initiativesPursue new business models, including participating on the business-owner side and providing business production, drawing on the Company’s expertise in creating spaces, Rebuild the global collaboration structure to make the overseas business a growth pillar, Expand products and services, Develop and strengthen employees with diverse strengths
Items this document does not state (7)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresKey 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 received numerous orders for large-scale new-build and renovation projects for specialty stores, hotels, offices and other facilities, supported by demand related to inbound tourism and urban redevelopment. Business expansion, the acquisition of large-scale projects and improved profitability from highly profitable projects also contributed.

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.
Financial Results Briefing Materials for the Fiscal Year Ending February 2026 | NOMURA Co.,Ltd. (9716) timely disclosure | Komori