Results for this period
Full year21 March 2025–20 March 2026Non-consolidated (standalone)Japanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The decline in revenue from the inability of new brands to offset the sales decrease resulting from the discontinuation of existing brands in the beauty business, together with lower revenue, higher costs, costs associated with winding down existing brands, and store-opening costs in the fashion business, weighed on profit.
There are material doubts and significant uncertainties regarding the going-concern assumption. The company disclosed operating losses and negative operating cash flow for 2 consecutive fiscal years, as well as breaches of financial covenants.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 21 March 2025–20 March 2026 |
| Net Sales | ¥5,758 million (YoY -23.2%) |
| Operating profit | ¥-707 million |
| Ordinary income | ¥-794 million |
| Profit attributable to owners of the parent | ¥-1,097 million |
| Net income per share | -¥398.65 |
| Operating Margin | △12.3％ |
| Equity ratio | End of the current fiscal period 1.9％ / End of previous period 4.8％ |
| Total assets | ¥4,430 million |
| Net assets | ¥89 million |
| Cash flows from operating activities | ¥-155 million |
| Cash flows from investing activities | ¥-382 million |
| Cash flows from financing activities | ¥723 million |
| Cash and cash equivalents at end of period | ¥689 million |
| Full-year earnings forecast | Net Sales ¥7,550 million (YoY +31.1%) / Operating profit ¥85 million / Ordinary income ¥22 million / Net income ¥2 million |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Fashion Business ¥3,927 million (YoY -4.7%), Beauty Business ¥1,599 million (YoY -49.3%), Leasing division ¥35 million (YoY 0.0%), Wholesale division ¥195 million (YoY +8.1%) |
| Segment profit | Fashion Business ¥-63 million, Beauty Business ¥-160 million, Leasing division ¥30 million (YoY +0.2%), Wholesale division ¥15 million (YoY +44.9%) |
| Depreciation and amortization | ¥57 million |
| Impairment loss | ¥263,875 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Impairment Losses ¥263,875 thousand, Provision for store closure losses ¥26,821 thousand |
| Disclosure regarding the going concern assumption | There are material doubts and significant uncertainties regarding the going-concern assumption. The company disclosed operating losses and negative operating cash flow for 2 consecutive fiscal years, as well as breaches of financial covenants. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Event No / Subject person Not disclosed |
| Issued Shares at Period-End | 3,167,228 shares |
| Treasury Shares at Period-End | 3,616 shares |
| Factors Behind Changes in Business Performance | The decline in revenue from the inability of new brands to offset the sales decrease resulting from the discontinuation of existing brands in the beauty business, together with lower revenue, higher costs, costs associated with winding down existing brands, and store-opening costs in the fashion business, weighed on profit. |
Items this document does not state (7)
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 beauty business, the decline in sales of existing brands could not be offset by new brands, resulting in lower revenue. In addition, higher costs and costs associated with winding down existing brands weighed on profit.