Komori
Earnings9980MRK HOLDINGS INC.Retail

Earnings Report for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ending March 2026, revenue was largely unchanged, while operating profit increased 46.8% and profit attributable to owners of the parent increased 265.9%. For the fiscal year ending March 2027, the Company forecasts a 6.0% increase in revenue and a 244.8% increase in operating profit.

Worth reading
56In 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
244.8
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales21,230¥ millionYear on year +0.4%Progress 94.4%
Operating profit580¥ millionYear on year +46.8%Progress 29.0%
Ordinary income966¥ millionYear on year +38.3%Progress 46.0%
Net income attributable to owners of the parent930¥ millionYear on year +265.9%Progress 71.5%

The 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.

Net income per share¥9.49
Operating Margin2.7
Financial position at period-end
Total assets19,696¥ million
of which net assets 15,306 ¥ millionEquity ratio 77.7%vs. prior year-end +5.3pt

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.

Cash inflows and outflows
Operating+1,263
Investment+513
Financials-1,506
Net change+270

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.

Cash and cash equivalents at end of period¥2,392 million
Segment revenueWomen's lingerie and related businesses ¥18,596 million (YoY +0.6%), Maternity and baby-related businesses ¥1,085 million (YoY -12.6%), Wedding and banquet-related businesses ¥1,000 million (YoY +14.1%), Other ¥589 million (YoY -4.2%)
Segment profitWomen's lingerie and related businesses ¥679 million (YoY -0.5%), Maternity and baby-related businesses ¥3 million, Wedding and banquet-related businesses ¥-63 million, Other ¥-40 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥22,500 million (YoY +6.0%)
Operating profit¥2,000 million (YoY +244.8%)
Ordinary income¥2,100 million (YoY +117.3%)
Net income¥1,300 million (YoY +39.8%)
Annual Dividend Forecast¥1 → ¥1(0.0%)
Payout ratio10.5
Factors Behind Changes in Business Performance

In the women's lingerie-related business, the launch of products in new colors, higher average spending per customer, and increases in repeat purchases and recurring EC sales contributed to higher revenue. The Company pursued cost optimization, including optimizing advertising expenses, reviewing its store strategy, and controlling inventory. Profit attributable to owners of the parent increased due to the recognition of deferred tax assets resulting from the transfer of tax loss carryforwards in connection with the absorption-type merger of MISEL株式会社.

Disclosure regarding the going concern assumption

Not applicable (no matters to report in the notes on the going concern assumption)

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Material subsequent eventsAt a meeting of the Board of Directors held on 14 May 2026, the Company resolved to submit to the general meeting of shareholders scheduled for 24 June 2026 a proposal for a non-compensated reduction of capital, reducing capital from ¥6,491,360,843 by ¥6,391,360,843 to ¥100 million. The effective date is scheduled for 31 August 2026.
Impairment loss¥62,425 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥7,273 thousand, Other ¥521 thousand / Extraordinary loss Impairment Losses ¥62,425 thousand, Losses from natural disasters ¥7,325 thousand, Other ¥12,554 thousand
Depreciation and amortization¥342,642 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End101,295,071
Treasury Shares at Period-End4,762,573
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥21,230 million (YoY +0.4%)
Operating profit¥580 million (YoY +46.8%)
Ordinary income¥966 million (YoY +38.3%)
Profit attributable to owners of the parent¥930 million (YoY +265.9%)
Net income per share¥9.49
Operating Margin2.7
Equity ratioEnd of the current fiscal period 77.7 / End of previous period 72.4
Total assets¥19,696 million
Net assets¥15,306 million
Cash flows from operating activities¥1,263 million
Cash flows from investing activities¥513 million
Cash flows from financing activities¥-1,506 million
Cash and cash equivalents at end of period¥2,392 million
Full-year earnings forecastNet Sales ¥22,500 million (YoY +6.0%) / Operating profit ¥2,000 million (YoY +244.8%) / Ordinary income ¥2,100 million (YoY +117.3%) / Net income ¥1,300 million (YoY +39.8%)
Annual Dividend Forecast¥1 → ¥1(0.0%)
Payout ratio10.5
Segment revenueWomen's lingerie and related businesses ¥18,596 million (YoY +0.6%), Maternity and baby-related businesses ¥1,085 million (YoY -12.6%), Wedding and banquet-related businesses ¥1,000 million (YoY +14.1%), Other ¥589 million (YoY -4.2%)
Segment profitWomen's lingerie and related businesses ¥679 million (YoY -0.5%), Maternity and baby-related businesses ¥3 million, Wedding and banquet-related businesses ¥-63 million, Other ¥-40 million
Depreciation and amortization¥342,642 thousand
Impairment loss¥62,425 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥7,273 thousand, Other ¥521 thousand / Extraordinary loss Impairment Losses ¥62,425 thousand, Losses from natural disasters ¥7,325 thousand, Other ¥12,554 thousand
Disclosure regarding the going concern assumptionNot applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Material subsequent eventsAt a meeting of the Board of Directors held on 14 May 2026, the Company resolved to submit to the general meeting of shareholders scheduled for 24 June 2026 a proposal for a non-compensated reduction of capital, reducing capital from ¥6,491,360,843 by ¥6,391,360,843 to ¥100 million. The effective date is scheduled for 31 August 2026.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End101,295,071
Treasury Shares at Period-End4,762,573
Factors Behind Changes in Business PerformanceIn the women's lingerie-related business, the launch of products in new colors, higher average spending per customer, and increases in repeat purchases and recurring EC sales contributed to higher revenue. The Company pursued cost optimization, including optimizing advertising expenses, reviewing its store strategy, and controlling inventory. Profit attributable to owners of the parent increased due to the recognition of deferred tax assets resulting from the transfer of tax loss carryforwards in connection with the absorption-type merger of MISEL株式会社.
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog

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 core women's lingerie-related business, the launch of products in new colors, higher average spending per customer, and increases in repeat purchases and recurring EC orders contributed to higher revenue. The Company also pursued improvements to its cost structure, including optimizing advertising expenses, reviewing its store strategy, and controlling inventory. Net profit was boosted by the recognition of deferred tax assets following the transfer of tax loss carryforwards in connection with the absorption-type merger of MISEL株式会社.

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Earnings Report for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated) | MRK HOLDINGS INC. (9980) timely disclosure | Komori