Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese 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.
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.
Revenue increased as domestic sales in the reuse business and Hobby Search business remained firm. Earnings were affected by initial costs and losses associated with new store openings and the scrap-and-build of existing stores in the reuse business; lower overseas sales and weaker profitability in the Hobby Search business due to additional U.S. tariffs and disruption to the North American delivery network; and higher costs resulting from the relocation of headquarters, renewal of the e-commerce site, staff expansion and expanded promotional activities.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥8,690 million (YoY +3.7%) |
| Operating profit | ¥481 million (YoY -17.5%) |
| Ordinary income | ¥492 million (YoY -17.2%) |
| Profit attributable to owners of the parent | ¥388 million (YoY +12.5%) |
| Net income per share | ¥44.39 |
| Operating Margin | 5.5% |
| Equity ratio | End of the current fiscal period 71.8% / End of previous period 67.2% |
| Total assets | ¥5,054 million |
| Net assets | ¥3,662 million |
| Cash flows from operating activities | ¥305 million |
| Cash flows from investing activities | ¥-210 million |
| Cash flows from financing activities | ¥-453 million |
| Cash and cash equivalents at end of period | ¥1,504 million |
| Annual Dividend Forecast | ¥0.00 (actual for the fiscal year ending March 2026) → Not disclosed |
| Segment revenue | Reuse business ¥5,378,018 thousand (YoY +1.6%), New-Product E-Commerce Business ¥3,312,587 thousand (YoY +7.2%) |
| Segment profit | Reuse business ¥790,189 thousand (YoY -1.8%), New-Product E-Commerce Business ¥48,685 thousand (YoY -63.2%) |
| Depreciation and amortization | ¥49,197 thousand |
| Impairment loss | ¥4,117 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Insurance gain ¥6 thousand, Compensation received ¥213,330 thousand, Reversal of asset retirement obligations ¥2,732 thousand / Extraordinary loss Impairment Losses ¥4,117 thousand, Loss on Disposal of Fixed Assets ¥2,675 thousand, Costs related to the tender offer ¥121,317 thousand, Business restructuring loss ¥92 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | The tender offer was successful, and IAPF3株式会社 became the new parent company and the largest major shareholder as of 9 April 2026. The Company is scheduled to be delisted on 19 June 2026 following a share consolidation and other procedures, and the cancellation of treasury shares has also been approved. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 9,094,832 |
| Treasury Shares at Period-End | 345,813 |
| Factors Behind Changes in Business Performance | Revenue increased as domestic sales in the reuse business and Hobby Search business remained firm. Earnings were affected by initial costs and losses associated with new store openings and the scrap-and-build of existing stores in the reuse business; lower overseas sales and weaker profitability in the Hobby Search business due to additional U.S. tariffs and disruption to the North American delivery network; and higher costs resulting from the relocation of headquarters, renewal of the e-commerce site, staff expansion and expanded promotional activities. |
Items this document does not state (6)
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 as domestic sales in the reuse business and Hobby Search business remained firm. On the earnings side, the factors cited were initial costs and losses associated with new store openings and the accelerated scrap-and-build of existing stores in the reuse business; lower overseas sales and weaker profitability in the Hobby Search business due to additional U.S. tariffs and disruption to the North American delivery network; and higher costs resulting from the relocation of headquarters, renewal of the e-commerce site, staff expansion and expanded promotional activities. Net income was supported by extraordinary income, including compensation received in connection with the vacating of certain stores.