Worth reading
64In focus
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
19484
Millions of yen (year-on-year increase in operating revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationInterim period of the fiscal year ending September 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥111,739 million+21.1%
Operating profit¥4,356 million+0.8%
Ordinary income¥4,761 million+4.9%
Net income¥3,223 million+4.9%
Gross Profit Margin21.8 %
Operating profit margin3.9 %
Selling, general and administrative expenses¥21,156 million
Full-year earnings forecast
Operating revenue
¥235,000 million
Operating profit
¥7,000 million
Ordinary income
¥7,600 million
Net income for the current fiscal year
¥5,300 million
Investing cash flow
¥13,000 million
Dividend per share
¥21.2
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。
Operating revenue50.2
Operating profit62.2
Ordinary income62.7
Interim net income attributable to owners of the parent60.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results were broadly in line with the plan. The full-year plan is expected to be achieved.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Gross operating profit¥3,643 millionDirectionIncreased
- Personnel expenses¥1,925 millionDirectionFactors reducing profit
- Advertising expenses¥79 millionDirectionFactors reducing profit
- Depreciation¥566 millionDirectionFactors reducing profit
- Equipment costs¥346 millionDirectionFactors reducing profit
- Utilities expenses¥365 millionDirectionFactors reducing profit
- Fees¥211 millionDirectionFactors reducing profit
- Other¥115 millionDirectionFactors reducing profit
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The external environment is expected to deteriorate in the second half, including higher costs across various categories.New initiatives
- A fresh fish processing center began operations in April 2026
- Established a new controller position
- The MD support system is scheduled to begin operations in the fourth quarter of the fiscal year ending September 2026
- Relocated the distribution center and expanded capacity to accommodate the future number of stores
Key KPIsA metric the company considers important as a management benchmark.
- Year-on-year sales at existing stores (first half)106.6 %
- Net sales at existing stores¥80,550 millionYear on year against the same period last year+4.7%
- Net ordinary income at existing stores¥4,492 millionYear on year against the same period last year+15.0%
- Fresh fish sales (most recent May)120.6 Year-on-year %
- Sales per store¥25.9 hundred million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- All-store sales year-on-year
- Year-on-year change in customer numbers
- Year-on-year average selling price
Medium-term management plan targets
Operating revenue
¥215,000 million
Ordinary income
¥7,600 million
Net income for the current fiscal year
¥5,000 million
Target fiscal yearFiscal year ending September 2026
Market Size / Share
ComparisonFood sales statistical survey covering 270 companies
Number of stores and locations
Number of Stores at Period-End90 Location
Stores opened during the period6 Location
Stores renovated during the period2 Location
Compared with the end of the year-earlier period6 Location
Annual Dividend
Annual dividend per share¥21.2
Interim¥10
End of period¥11.2
Payout ratio
20| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Interim period of the fiscal year ending September 2026 |
| Net Sales | ¥111,739 million (YoY +21.1%) |
| Operating profit | ¥4,356 million (YoY +0.8%) |
| Ordinary income | ¥4,761 million (YoY +4.9%) |
| Net income | ¥3,223 million (YoY +4.9%) |
| Gross Profit Margin | 21.8 % |
| Operating profit margin | 3.9 % |
| Selling, general and administrative expenses | ¥21,156 million |
| Full-year earnings forecast | Operating revenue ¥235,000 million / Operating profit ¥7,000 million / Ordinary income ¥7,600 million / Net income for the current fiscal year ¥5,300 million / Investing cash flow ¥13,000 million / Dividend per share ¥21.2 |
| Progress against full-year forecast | Operating revenue 50.2 / Operating profit 62.2 / Ordinary income 62.7 / Interim net income attributable to owners of the parent 60.8 |
| Self-assessment against the plan | First-half results were broadly in line with the plan. The full-year plan is expected to be achieved. |
| Breakdown of Factors Affecting the Change | Factors Gross operating profit / Amount ¥3,643 million / Direction Increased, Factors Personnel expenses / Amount ¥1,925 million / Direction Factors reducing profit, Factors Advertising expenses / Amount ¥79 million / Direction Factors reducing profit, Factors Depreciation / Amount ¥566 million / Direction Factors reducing profit, Factors Equipment costs / Amount ¥346 million / Direction Factors reducing profit, Factors Utilities expenses / Amount ¥365 million / Direction Factors reducing profit, Factors Fees / Amount ¥211 million / Direction Factors reducing profit, Factors Other / Amount ¥115 million / Direction Factors reducing profit |
| Key KPIs | Indicator name Year-on-year sales at existing stores (first half) / Value 106.6 % / Year on year against the same period last year Not disclosed, Indicator name Net sales at existing stores / Value ¥80,550 million / Year on year against the same period last year ¥4.7 million, Indicator name Net ordinary income at existing stores / Value ¥4,492 million / Year on year against the same period last year ¥15 million, Indicator name Fresh fish sales (most recent May) / Value 120.6 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name Sales per store / Value ¥25.9 hundred million / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name All-store sales year-on-year / Value Not disclosed, Indicator name Year-on-year change in customer numbers / Value Not disclosed, Indicator name Year-on-year average selling price / Value Not disclosed |
| Number of stores and locations | Number of Stores at Period-End 90 Location / Stores opened during the period 6 Location / Stores renovated during the period 2 Location / Compared with the end of the year-earlier period 6 Location |
| Assumptions Underlying the Business Outlook | The external environment is expected to deteriorate in the second half, including higher costs across various categories. |
| Medium-term management plan targets | Operating revenue ¥215,000 million / Ordinary income ¥7,600 million / Net income for the current fiscal year ¥5,000 million / Target fiscal year Fiscal year ending September 2026 |
| Annual Dividend | Annual dividend per share ¥21.2 / Interim ¥10 / End of period ¥11.2 |
| Payout ratio | 20 |
| Market Size / Share | Comparison Food sales statistical survey covering 270 companies / Figures Not disclosed |
| New initiatives | A fresh fish processing center began operations in April 2026, Established a new controller position, The MD support system is scheduled to begin operations in the fourth quarter of the fiscal year ending September 2026, Relocated the distribution center and expanded capacity to accommodate the future number of stores |
Items this document does not state (9)
Results for the three months of the current quarterSegment resultsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Revenue increased due to contributions from new store openings and renovations, as well as solid performance at existing stores. The increase in gross profit from the higher number of stores absorbed increases in SG&A expenses, including personnel expenses, depreciation and store opening and renovation costs. The decline in profit margins was attributed to increased investment in new stores and renovations.
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.