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
5000
¥ million (revision to the full-year forecast for net profit attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥880,247 million+110.0%
Operating profit¥28,624 million+132.1%
Ordinary income¥30,090 million+125.4%
Net income¥21,562 million +168.7%interim net income attributable to owners of the parent
Gross Profit Margin28
Operating profit margin3.3
Selling, general and administrative expenses¥217,716 million
Results for the three months of the current quarter
First quarter
Net Sales¥420,218 million
Operating profit¥15,642 million
Ordinary income¥16,774 million
Profit attributable to owners of parent for the quarter¥9,984 million
Second quarter
Net Sales¥460,028 million
Operating profit¥12,981 million
Ordinary income¥13,315 million
Profit attributable to owners of parent for the quarter¥11,578 million
Full-year earnings forecast
Net Sales
¥1,780,000 million
Gross profit
¥497,600 million
Selling, general and administrative expenses
¥446,100 million
Operating profit
¥51,500 million
Ordinary income
¥52,600 million
Profit attributable to owners of the parent
¥32,800 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profit increased, exceeding the initial plan (consolidated results); both revenue and profit exceeded the first-half plan (Housing and Building Materials segment)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors affecting changes in selling, general and administrative expenses
Personnel Expenses¥3,230 million
Advertising expenses¥1,330 million
Rent¥-330 million
Other
Increase in profit from asset sales projectsNot included in the second-half forecast
New initiatives
- Revision of the store-opening plan accompanying the optimization of large-store openings
- E-commerce profitability improvement reforms centered on strengthening the company website
- Asset portfolio restructuring and asset sale project
- Establishment of and discussions by an integration preparation committee for the planned management integration with EDION
Key KPIsA metric the company considers important as a management benchmark.
- Inventory turnover (latest 4 quarters)4.3 Timesyoy_change+0.60 turns
- Total asset turnover (latest 4 quarters)1.34 Timesyoy_change+0.11 turns
- Revenue from original PB and SPA products¥885 100 million+115.3%
- Digital members3,292 10,000 peopleyoy_change+1.67 million people
- LIFE SELECT revenue mix20 %
Segment results
Electronics segment
Net Sales
¥700,765 million+108.2%
Operating profit
¥24,093 million+131.1%
Housing segment
Net Sales
¥163,601 million+117.4%
Operating profit
¥2,607 million+168.6%
Financial Services segment
Net Sales
¥2,373 million+101.1%
Operating profit
¥579 million+88.9%
Environment segment
Net Sales
¥21,921 million+108.0%
Operating profit
¥1,206 million+132.2%
Financial targets
P/B ratio target1 x
Orders received and order backlog
ヤマダホームズ
Order value
¥48,819 million+104.5%
Order backlog for custom-built homes
¥58,066 million+132.5%
ヒノキヤグループ
Order value
¥49,942 million+91.4%
Order backlog for custom-built homes
¥83,891 million+107.8%
Number of stores and locations
Number of Stores at Period-End927 stores
During the period
New Store Openings7 stores
Store closures8 stores
Full-year revised plan
New Store Openings16 stores
Of which: LIFE SELECT7 stores
Annual Dividend
Annual dividend per share
17 Yen
Payout ratio
40 % or more target
Current-period forecast40.6
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥880,247 million (YoY +110.0%) |
| Operating profit | ¥28,624 million (YoY +132.1%) |
| Ordinary income | ¥30,090 million (YoY +125.4%) |
| Net income | ¥21,562 million (interim net income attributable to owners of the parent) (YoY +168.7%) |
| Gross Profit Margin | 28 |
| Operating profit margin | 3.3 |
| Selling, general and administrative expenses | ¥217,716 million |
| Results for the three months of the current quarter | First quarter Net Sales ¥420,218 million / Operating profit ¥15,642 million / Ordinary income ¥16,774 million / Profit attributable to owners of parent for the quarter ¥9,984 million / Second quarter Net Sales ¥460,028 million / Operating profit ¥12,981 million / Ordinary income ¥13,315 million / Profit attributable to owners of parent for the quarter ¥11,578 million |
| Full-year earnings forecast | Net Sales ¥1,780,000 million / Gross profit ¥497,600 million / Selling, general and administrative expenses ¥446,100 million / Operating profit ¥51,500 million / Ordinary income ¥52,600 million / Profit attributable to owners of the parent ¥32,800 million |
| Self-assessment against the plan | Revenue and profit increased, exceeding the initial plan (consolidated results); both revenue and profit exceeded the first-half plan (Housing and Building Materials segment) |
| Segment results | Electronics segment Net Sales ¥700,765 million (YoY +108.2%) / Operating profit ¥24,093 million (YoY +131.1%) / Housing segment Net Sales ¥163,601 million (YoY +117.4%) / Operating profit ¥2,607 million (YoY +168.6%) / Financial Services segment Net Sales ¥2,373 million (YoY +101.1%) / Operating profit ¥579 million (YoY +88.9%) / Environment segment Net Sales ¥21,921 million (YoY +108.0%) / Operating profit ¥1,206 million (YoY +132.2%) |
| Breakdown of Factors Affecting the Change | Factors driving higher gross profit margin Not disclosed / Factors affecting changes in selling, general and administrative expenses Personnel Expenses ¥3,230 million / Advertising expenses ¥1,330 million / Rent ¥-330 million / Other Increase in profit from asset sales projects Not included in the second-half forecast |
| Key KPIs | Inventory turnover (latest 4 quarters) 4.3 Times, Total asset turnover (latest 4 quarters) 1.34 Times, Revenue from original PB and SPA products ¥885 100 million (YoY +115.3%), Digital members 3,292 10,000 people, LIFE SELECT revenue mix 20 % |
| Number of stores and locations | Number of Stores at Period-End 927 stores / During the period New Store Openings 7 stores / Store closures 8 stores / Full-year revised plan New Store Openings 16 stores / Of which: LIFE SELECT 7 stores |
| Financial targets | P/B ratio target 1 x |
| Annual Dividend | Annual dividend per share 17 Yen / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 40 % or more (target) |
| Orders received and order backlog | ヤマダホームズ Order value ¥48,819 million (YoY +104.5%) / Order backlog for custom-built homes ¥58,066 million (YoY +132.5%) / ヒノキヤグループ Order value ¥49,942 million (YoY +91.4%) / Order backlog for custom-built homes ¥83,891 million (YoY +107.8%) |
| New initiatives | Revision of the store-opening plan accompanying the optimization of large-store openings, E-commerce profitability improvement reforms centered on strengthening the company website, Asset portfolio restructuring and asset sale project, Establishment of and discussions by an integration preparation committee for the planned management integration with EDION |
Items this document does not state (10)
Progress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresMarket 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 first half, special demand for air conditioners against a backdrop including the “2027 air-conditioner issue,” structural reforms under the “Kurashi Marugoto” strategy, an increase in customer visits and greater asset efficiency contributed to results. The increase in the full-year net profit forecast reflects anticipated profit growth from the asset sale project.
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.