Worth reading
26Immaterial
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
45.9
¥100 million (year-on-year change in operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFourth quarter of the fiscal year ended March 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,180.9 100 million+3.4%
Operating profit¥164.7 100 million+38.6%
Ordinary income¥162.7 100 million+22.8%
Net income¥115.4 100 million+31.2%
Selling, general and administrative expenses¥1,207.3 100 million; selling, general and administrative expenses as a percentage of revenue: not_disclosed
Operating profit margin7.6%, up 1.9 percentage points year on year
Full-year earnings forecast
Net Sales
¥2,146 100 million
Operating profit
¥135 100 million
Ordinary income
¥135 100 million
Net income for the current fiscal year
¥95 100 million
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
Domestic Hotels+¥9.23 billion
Real Estate Sales+¥3.01 billion
Rental income+¥1.78 billion
Wine+¥850 million
Local specialties+¥720 million
Ozio cosmetics brand-¥2.09 billion
Catalog and Online-¥3.14 billion
Refre health food brand-¥310 million
Online-Only Subsidiaries-¥1.94 billion
Apparel Stores-¥870 million
Operating profit
Domestic Hotels+¥1.76 billion
Real Estate Sales+¥1.05 billion
Rental income+¥380 million
Catalog and Online+¥1.48 billion
Apparel Stores-¥120 million
Enclosure and co-mailing services-¥690 million
Contract Manufacturing Business-¥150 million
Finance+¥210 million
New initiatives
In September 2025, the Company acquired Hotel Zuiho and Akiu Grand Hotel. It terminated services for the unprofitable Fashion EC Mall and the imported-brand goods e-commerce siteUnit price and quantity metricsThese figures show sales broken down by price and volume.
The hotel occupancy rate and room rate are discussed, but the figures are Not disclosedSegment results
Property and Hotels
Net Sales¥49.70 billion, up 38.3% year on year
Operating profit¥8.55 billion, up ¥3.29 billion year on year
Cosmetics and Health Foods
Net Sales¥11.43 billion, down 17.4% year on year
Operating profit¥730 million, up ¥10 million year on year
Local specialties
Net Sales¥33.73 billion, up 5.2% year on year
Operating profit¥1.31 billion, up ¥60 million year on year
Nursing-Related Services
Net Sales¥12.30 billion, down 2.5% year on year
Operating profit¥650 million, up ¥240 million year on year
Specialty direct-to-consumer sales
Net Sales¥57.48 billion, down 1.8% year on year
Operating profit¥2.70 billion, up ¥320 million year on year
Kimono-Related Business
Net Sales¥22.56 billion, down 1.5% year on year
Operating profit¥1.37 billion, up ¥120 million year on year
Apparel and General Merchandise
Net Sales¥68.91 billion, down 7.9% year on year
Operating profit-¥400 million, an improvement of ¥1.28 billion year on year
Other
Net Sales¥2.83 billion, up 0.4% year on year
Operating profit-¥180 million, an improvement of ¥200 million year on year
Database Utilization
Net Sales¥17.94 billion, up 4.9% year on year
Operating profit¥4.51 billion, down ¥640 million year on year
Adjustments
Net Sales-¥1.34 billion
Operating profit-¥70 million, down ¥10 million year on year
Financial targets
Equity ratio: 44.5% (45.2% at the end of the same quarter of the previous year)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fourth quarter of the fiscal year ended March 2026 |
| Net Sales | ¥2,180.9 100 million (YoY +3.4%) |
| Operating profit | ¥164.7 100 million (YoY +38.6%) |
| Ordinary income | ¥162.7 100 million (YoY +22.8%) |
| Net income | ¥115.4 100 million (YoY +31.2%) |
| Operating profit margin | 7.6%, up 1.9 percentage points year on year |
| Selling, general and administrative expenses | ¥1,207.3 100 million; selling, general and administrative expenses as a percentage of revenue: not_disclosed |
| Full-year earnings forecast | Net Sales ¥2,146 100 million / Operating profit ¥135 100 million / Ordinary income ¥135 100 million / Net income for the current fiscal year ¥95 100 million |
| Segment results | Property and Hotels Net Sales ¥49.70 billion, up 38.3% year on year / Operating profit ¥8.55 billion, up ¥3.29 billion year on year / Cosmetics and Health Foods Net Sales ¥11.43 billion, down 17.4% year on year / Operating profit ¥730 million, up ¥10 million year on year / Local specialties Net Sales ¥33.73 billion, up 5.2% year on year / Operating profit ¥1.31 billion, up ¥60 million year on year / Nursing-Related Services Net Sales ¥12.30 billion, down 2.5% year on year / Operating profit ¥650 million, up ¥240 million year on year / Specialty direct-to-consumer sales Net Sales ¥57.48 billion, down 1.8% year on year / Operating profit ¥2.70 billion, up ¥320 million year on year / Kimono-Related Business Net Sales ¥22.56 billion, down 1.5% year on year / Operating profit ¥1.37 billion, up ¥120 million year on year / Apparel and General Merchandise Net Sales ¥68.91 billion, down 7.9% year on year / Operating profit -¥400 million, an improvement of ¥1.28 billion year on year / Other Net Sales ¥2.83 billion, up 0.4% year on year / Operating profit -¥180 million, an improvement of ¥200 million year on year / Database Utilization Net Sales ¥17.94 billion, up 4.9% year on year / Operating profit ¥4.51 billion, down ¥640 million year on year / Adjustments Net Sales -¥1.34 billion / Operating profit -¥70 million, down ¥10 million year on year |
| Breakdown of Factors Affecting the Change | Net Sales Domestic Hotels +¥9.23 billion / Real Estate Sales +¥3.01 billion / Rental income +¥1.78 billion / Wine +¥850 million / Local specialties +¥720 million / Ozio cosmetics brand -¥2.09 billion / Catalog and Online -¥3.14 billion / Refre health food brand -¥310 million / Online-Only Subsidiaries -¥1.94 billion / Apparel Stores -¥870 million / Operating profit Domestic Hotels +¥1.76 billion / Real Estate Sales +¥1.05 billion / Rental income +¥380 million / Catalog and Online +¥1.48 billion / Apparel Stores -¥120 million / Enclosure and co-mailing services -¥690 million / Contract Manufacturing Business -¥150 million / Finance +¥210 million |
| Unit price and quantity metrics | The hotel occupancy rate and room rate are discussed, but the figures are Not disclosed |
| Financial targets | Equity ratio: 44.5% (45.2% at the end of the same quarter of the previous year) |
| New initiatives | In September 2025, the Company acquired Hotel Zuiho and Akiu Grand Hotel. It terminated services for the unprofitable Fashion EC Mall and the imported-brand goods e-commerce site |
Items this document does not state (17)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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 hotel business reported higher revenue and profit due to stronger domestic travel demand and an increase in the number of inbound visitors to Japan. Real estate sales and rental income also increased, and the sale of real estate held for sale generated a gain of ¥1.042 billion. In apparel and general merchandise, raw material, materials and direct-mail delivery costs increased, but profitability improved due to curbs on advertising expenses and the termination of unprofitable e-commerce services.
How to read this page
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