Worth reading
81Important
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
4519
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending November 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,681 million+37.2%
Operating profit¥1,038 million+68.1%
Ordinary income¥1,046 million+51.8%
Net income¥660 million+9.8%
Gross Profit Margin30.4 %
Operating profit margin6.2 %
Selling, general and administrative expenses¥4,030 million
Results for the three months of the current quarterFirst-quarter results: net sales of ¥16,681 million, operating income of ¥1,038 million, ordinary income of ¥1,046 million, and net income of ¥660 million
Full-year earnings forecast
Net Sales
¥63,000 million
Operating profit
¥3,500 million
Ordinary income
¥3,700 million
Net income for the current fiscal year
¥3,000 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 Sales26.5 %
Operating profit29.7 %
Ordinary income28.3 %
Net income for the current fiscal year22 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both net sales and operating income are performing above expectations. Progress has been stronger than expected.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Increase in gross profit from the 2 newly consolidated companies¥1,200 million
Increase in gross profit from existing businesses¥326 million
Increase in personnel expenses¥-421 million
Increase in Ms.ID selling-related expenses¥-360 million
Increase in goodwill amortization¥-19 million
Increase in other expenses¥-300 million
Foreign Exchange Effects¥-5 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The situation in the Middle East, the US economic environment and geopolitical risks were taken into account. Numerical assumptions: Not disclosedNew initiatives
- In-house production and quality standardization of metal snaps through 久永製作所 joining the Group
- Adoption of denim fabric made with recycled yarn MURON®
- Opening of a new TEN. store and planned opening of the second store in Taiwan
Key KPIsA metric the company considers important as a management benchmark.
Gross Profit Margin
30.4 %
yoy_change_points1.4
Equity ratio
70.8 %
prior_period_value71.8
Japan sales mix
75.8 %
Asia sales mix
13.9 %
Europe and US sales mix
10.3 %
Segment results
Apparel-related business
Net Sales¥9,834 million
yoy_change¥3,901 million
Year on year against the same period last year+65.8%
Product-related business
Net Sales¥5,169 million
yoy_change¥496 million
Year on year against the same period last year+10.6%
Transportation-related business
Net Sales¥1,678 million
yoy_change¥121 million
Year on year against the same period last year+7.8%
Regional breakdown
Japan
Net Sales¥12,652 million
yoy_change¥4,119 million
Year on year against the same period last year+48.3%
Asia
Net Sales¥2,311 million
yoy_change¥283 million
Year on year against the same period last year+14.0%
Europe and North America
Net Sales¥1,717 million
yoy_change¥116 million
Year on year against the same period last year+7.3%
Medium-term management plan targets
Eighth Medium-Term Management Plan
Period CoveredFiscal years ending November 2022 through November 2025
FY2026 initial target
Net Sales¥60,000 million
Operating profit¥3,000 million
Financial targets
DOE
4 %
descriptionBasis
Equity ratio
70.8 %
descriptionFirst-quarter results for the fiscal year ending November 2026
Market Size / Share
The presentation states that the company ranks first in Japan for metal snaps and competes for first or second place globally. Specific market share and market size: Not disclosedNumber of stores and locations
22 locations worldwide. Store openings and closures during the period: Not disclosedAnnual Dividend
¥72 per share
Interim Dividend36
Year-end dividend36
Payout ratio
50 % or higher
DOE4
DOE_unit%
Acquisition of treasury shares
The company will continue to consider flexible share buybacks and appropriate cancellations. Buyback limit, number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending November 2026 |
| Net Sales | ¥16,681 million (YoY +37.2%) |
| Operating profit | ¥1,038 million (YoY +68.1%) |
| Ordinary income | ¥1,046 million (YoY +51.8%) |
| Net income | ¥660 million (YoY +9.8%) |
| Gross Profit Margin | 30.4 % |
| Operating profit margin | 6.2 % |
| Selling, general and administrative expenses | ¥4,030 million |
| Results for the three months of the current quarter | First-quarter results: net sales of ¥16,681 million, operating income of ¥1,038 million, ordinary income of ¥1,046 million, and net income of ¥660 million |
| Full-year earnings forecast | Net Sales ¥63,000 million / Operating profit ¥3,500 million / Ordinary income ¥3,700 million / Net income for the current fiscal year ¥3,000 million |
| Progress against full-year forecast | Net Sales 26.5 % / Operating profit 29.7 % / Ordinary income 28.3 % / Net income for the current fiscal year 22 % |
| Self-assessment against the plan | Both net sales and operating income are performing above expectations. Progress has been stronger than expected. |
| Segment results | Apparel-related business Net Sales ¥9,834 million / yoy_change ¥3,901 million / yoy_pct ¥65.8 million / Product-related business Net Sales ¥5,169 million / yoy_change ¥496 million / yoy_pct ¥10.6 million / Transportation-related business Net Sales ¥1,678 million / yoy_change ¥121 million / yoy_pct ¥7.8 million / Regional breakdown Japan Net Sales ¥12,652 million / yoy_change ¥4,119 million / yoy_pct ¥48.3 million / Asia Net Sales ¥2,311 million / yoy_change ¥283 million / yoy_pct ¥14 million / Europe and North America Net Sales ¥1,717 million / yoy_change ¥116 million / yoy_pct ¥7.3 million |
| Breakdown of Factors Affecting the Change | Operating profit Increase in gross profit from the 2 newly consolidated companies ¥1,200 million / Increase in gross profit from existing businesses ¥326 million / Increase in personnel expenses ¥-421 million / Increase in Ms.ID selling-related expenses ¥-360 million / Increase in goodwill amortization ¥-19 million / Increase in other expenses ¥-300 million / Foreign Exchange Effects ¥-5 million |
| Key KPIs | Gross Profit Margin 30.4 % / Equity ratio 70.8 % / Japan sales mix 75.8 % / Asia sales mix 13.9 % / Europe and US sales mix 10.3 % |
| Number of stores and locations | 22 locations worldwide. Store openings and closures during the period: Not disclosed |
| Assumptions Underlying the Business Outlook | The situation in the Middle East, the US economic environment and geopolitical risks were taken into account. Numerical assumptions: Not disclosed |
| Medium-term management plan targets | Eighth Medium-Term Management Plan Period Covered Fiscal years ending November 2022 through November 2025 / FY2026 initial target Net Sales ¥60,000 million / Operating profit ¥3,000 million |
| Financial targets | DOE 4 % / Equity ratio 70.8 % |
| Annual Dividend | ¥72 per share |
| Payout ratio | 50 % or higher |
| Acquisition of treasury shares | The company will continue to consider flexible share buybacks and appropriate cancellations. Buyback limit, number of shares and period: Not disclosed |
| Market Size / Share | The presentation states that the company ranks first in Japan for metal snaps and competes for first or second place globally. Specific market share and market size: Not disclosed |
| New initiatives | In-house production and quality standardization of metal snaps through 久永製作所 joining the Group, Adoption of denim fabric made with recycled yarn MURON®, Opening of a new TEN. store and planned opening of the second store in Taiwan |
Items this document does not state (6)
Unit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookCapital 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.Results were strong due to the consolidation effects of Ms.ID and ミツボシコーポレーション, health-related products and kitchen equipment-related services, accessories for sports shoes in Vietnam, and the ODM and OEM businesses. Operating income benefited from an improvement in gross profit, while personnel expenses and Ms.ID's selling-related expenses increased.
How to read this page
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