Worth reading
64In 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
3000
¥ million (full-year revenue forecast revision)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsThird quarter of the fiscal year ending November 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥49,305 million+21.5%
Operating profit¥2,917 million+22.7%
Ordinary income¥3,109 million+17.7%
Net income¥2,366 million-21.6%
Gross Profit Margin30.6%
Operating profit margin5.9%
Selling, general and administrative expenses¥12,162 million
Results for the three months of the current quarter
DetailsStandalone third-quarter regional revenue was ¥11,523 million in Japan, ¥2,595 million in Asia and ¥2,118 million in Europe and the Americas, for a total of ¥16,237 million. Standalone third-quarter revenue by business was ¥5,742 million from apparel-related operations, ¥4,572 million from product-related operations and ¥1,208 million from transport-related operations.
Full-year earnings forecast
Net Sales
¥66,000 million
Operating profit
¥3,600 million
Ordinary income
¥3,800 million
Net income for the current fiscal year
¥3,050 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 Sales74.7%
Operating profit81.0%
Ordinary income81.8%
Net income for the current fiscal year77.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Full-year consolidation of 2 companies acquired through M&A in the previous yearFactors behind the increase
Healthcare-related products and commercial kitchen equipment-related servicesFactors behind the increase
Sales of fashion apparel, primarily through e-commerceFactors reducing profit
Operating profit
Increase in gross profit from 2 companies consolidated in the previous fiscal year1,538
Increase in gross profit from existing businesses864
Increase in personnel expenses-1,014
Increase in Ms.ID selling-related expenses-222
Increase in expenses associated with consolidating ミツボシコーポレーション-261
Increase in other expenses-414
Foreign Exchange Effects49
Ordinary income
Increase in operating profitFactors behind the increase
Fluctuations in foreign exchange gains and lossesFactors reducing profit
Net income for the current fiscal year
Recognition in the previous fiscal year of an extraordinary gain (gain on negative goodwill)Factors reducing profit
Increase in Gains on Sales of Investment SecuritiesFactors behind the increase
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The impact of the situation in the Middle East was taken into consideration. Procurement costs are trending upward, but the company is addressing this through measures including a review of sales terms. Numerical assumptions: Not disclosed.New initiatives
- Introduction of progressive dividends and a 5% DOE standard from the fiscal year ending November 2027 onward
- DOE target of 6% for the fiscal year ending November 2031
- Expansion of the hat ODM and OEM business by making 坂商 a subsidiary
- Newly established the B2C business, spatial and environmental services infrastructure business, and frontier sports business as growth businesses
- Rollout of the PET resin snap fastener LOOPET
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio71.8%Year on year against the same period last year71.8% of the year-earlier period
- Japan sales mix73%
- Asia sales mix15%
- Europe and US sales mix12%
Segment results
By business
Apparel-related business
Net Sales¥29,822 million
Year on year against the same period last year+30.0%
Product-related business
Net Sales¥14,481 million
Year on year against the same period last year+11.4%
Transportation-related business
Net Sales¥5,002 million
Year on year against the same period last year+7.5%
Regional breakdown
Japan
Net Sales¥36,122 million
Year on year against the same period last year+24.6%
Asia
Net Sales¥7,263 million
Year on year against the same period last year+18.0%
Europe and North America
Net Sales¥5,920 million
Year on year against the same period last year+8.7%
Medium-term management plan targets
Plan nameACTION 1000 (9th Medium-Term Management Plan)
Target fiscal yearFiscal year ending November 2031
Net Sales¥100 billion
Operating profit¥6 billion (operating margin of 6% or more)
ROE12%
Financial targets
ROE
Target12%
Target fiscal yearFiscal year ending November 2031
Equity ratio
Third quarter of the fiscal year ending November 2026
Actual results71.8%
Market Size / Share
Metal snap fasteners rank No. 1 in Japan and compete for the No. 1 or No. 2 position globally. Specific figures for market size and market share: Not disclosed.Number of stores and locations
Number of locations23 locations worldwide
Annual Dividend
FY2026/11 forecast¥72 per share
Interim Dividend¥36 per share
Year-end dividend¥36 per share
Payout ratio
FY2026/11 forecast59.3%
PolicyPayout ratio of 50% or more as the standard
Acquisition of treasury shares
Continue to consider flexible share buybacks and appropriate cancellations| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Third quarter of the fiscal year ending November 2026 |
| Net Sales | ¥49,305 million (YoY +21.5%) |
| Operating profit | ¥2,917 million (YoY +22.7%) |
| Ordinary income | ¥3,109 million (YoY +17.7%) |
| Net income | ¥2,366 million (YoY -21.6%) |
| Gross Profit Margin | 30.6% |
| Operating profit margin | 5.9% |
| Selling, general and administrative expenses | ¥12,162 million |
| Results for the three months of the current quarter | Details Standalone third-quarter regional revenue was ¥11,523 million in Japan, ¥2,595 million in Asia and ¥2,118 million in Europe and the Americas, for a total of ¥16,237 million. Standalone third-quarter revenue by business was ¥5,742 million from apparel-related operations, ¥4,572 million from product-related operations and ¥1,208 million from transport-related operations. |
| Full-year earnings forecast | Net Sales ¥66,000 million / Operating profit ¥3,600 million / Ordinary income ¥3,800 million / Net income for the current fiscal year ¥3,050 million |
| Progress against full-year forecast | Net Sales 74.7% / Operating profit 81.0% / Ordinary income 81.8% / Net income for the current fiscal year 77.6% |
| Segment results | By business Apparel-related business Net Sales ¥29,822 million / Year on year against the same period last year +30.0% / Product-related business Net Sales ¥14,481 million / Year on year against the same period last year +11.4% / Transportation-related business Net Sales ¥5,002 million / Year on year against the same period last year +7.5% / Regional breakdown Japan Net Sales ¥36,122 million / Year on year against the same period last year +24.6% / Asia Net Sales ¥7,263 million / Year on year against the same period last year +18.0% / Europe and North America Net Sales ¥5,920 million / Year on year against the same period last year +8.7% |
| Breakdown of Factors Affecting the Change | Net Sales Full-year consolidation of 2 companies acquired through M&A in the previous year Factors behind the increase / Healthcare-related products and commercial kitchen equipment-related services Factors behind the increase / Sales of fashion apparel, primarily through e-commerce Factors reducing profit / Operating profit Increase in gross profit from 2 companies consolidated in the previous fiscal year 1,538 / Increase in gross profit from existing businesses 864 / Increase in personnel expenses -1,014 / Increase in Ms.ID selling-related expenses -222 / Increase in expenses associated with consolidating ミツボシコーポレーション -261 / Increase in other expenses -414 / Foreign Exchange Effects 49 / Ordinary income Increase in operating profit Factors behind the increase / Fluctuations in foreign exchange gains and losses Factors reducing profit / Net income for the current fiscal year Recognition in the previous fiscal year of an extraordinary gain (gain on negative goodwill) Factors reducing profit / Increase in Gains on Sales of Investment Securities Factors behind the increase |
| Key KPIs | Indicator name Equity ratio / Value 71.8% / Year on year against the same period last year 71.8% of the year-earlier period, Indicator name Japan sales mix / Value 73% / Year on year against the same period last year Not disclosed, Indicator name Asia sales mix / Value 15% / Year on year against the same period last year Not disclosed, Indicator name Europe and US sales mix / Value 12% / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number of locations 23 locations worldwide / Number of store openings and closures during the period Not disclosed |
| Assumptions Underlying the Business Outlook | The impact of the situation in the Middle East was taken into consideration. Procurement costs are trending upward, but the company is addressing this through measures including a review of sales terms. Numerical assumptions: Not disclosed. |
| Medium-term management plan targets | Plan name ACTION 1000 (9th Medium-Term Management Plan) / Target fiscal year Fiscal year ending November 2031 / Net Sales ¥100 billion / Operating profit ¥6 billion (operating margin of 6% or more) / ROE 12% |
| Financial targets | ROE Target 12% / Target fiscal year Fiscal year ending November 2031 / Equity ratio Actual results 71.8% / Subject Third quarter of the fiscal year ending November 2026 |
| Annual Dividend | FY2026/11 forecast ¥72 per share / Interim Dividend ¥36 per share / Year-end dividend ¥36 per share |
| Payout ratio | FY2026/11 forecast 59.3% / Policy Payout ratio of 50% or more as the standard |
| Acquisition of treasury shares | Continue to consider flexible share buybacks and appropriate cancellations |
| Market Size / Share | Metal snap fasteners rank No. 1 in Japan and compete for the No. 1 or No. 2 position globally. Specific figures for market size and market share: Not disclosed. |
| New initiatives | Introduction of progressive dividends and a 5% DOE standard from the fiscal year ending November 2027 onward, DOE target of 6% for the fiscal year ending November 2031, Expansion of the hat ODM and OEM business by making 坂商 a subsidiary, Newly established the B2C business, spatial and environmental services infrastructure business, and frontier sports business as growth businesses, Rollout of the PET resin snap fastener LOOPET |
Items this document does not state (7)
Self-assessment against the planUnit 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.The earnings forecast, which had been conservatively left unchanged in consideration of the impact of the situation in the Middle East, was revised upward based on progress against actual results. Earnings benefited from the consolidated effect of the M&A conducted last year, strong performance in healthcare-related products and kitchen equipment-related services, and measures to address rising procurement costs, including a review of sales terms.
How to read this page
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