Idom Inc. TSE:7599

IDOM : Consolidated and Non-consolidated Results- Fiscal Year Ended February 28, 2026

Published

Source: MarketScreener

DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

April 13, 2026

Consolidated Financial Results for the Fiscal Year Ended February 28, 2026 (Under Japanese GAAP)

Company name: IDOM Inc.

Listing: Tokyo Stock Exchange

Securities code: 7599

URL: https://221616.com Representative: Yusuke Hatori, President Inquiries: Ryo Nishihata, Director CFO

Telephone: +81-50-1749-8962

Scheduled date of annual general meeting of shareholders: May 26, 2026 Scheduled date to commence dividend payments: May 27, 2026

Scheduled date to file annual securities report: May 25, 2026

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for analysts and institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the fiscal year ended February 28, 2026 (from March 1, 2025 to February 28, 2026)
    1. Consolidated operating results (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Fiscal year ended

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      February 28, 2026

      562,774

      13.3

      20,209

      1.6

      18,608

      (2.7)

      11,914

      (11.4)

      February 28, 2025

      496,678

      18.3

      19,890

      23.4

      19,115

      20.8

      13,447

      17.5

      Note: Comprehensive income For the fiscal year ended February 28, 2026:

      ¥11,966 million

      [(11.5)%]

      For the fiscal year ended February 28, 2025:

      ¥13,523 million

      [18.1%]

      Basic earnings per share

      Diluted earnings per share

      Return on equity

      Ratio of ordinary profit to total assets

      Ratio of operating profit to net sales

      Fiscal year ended

      Yen

      Yen

      %

      %

      %

      February 28, 2026

      118.66

      -

      14.2

      7.7

      3.6

      February 28, 2025

      133.93

      -

      18.1

      9.5

      4.0

      Note: Net income per share after adjusting for potential shares is not shown because there are no potential shares with a dilution effect.

    2. Consolidated financial position

      Total assets

      Net assets

      Equity-to-asset ratio

      Net assets per share

      As of

      Millions of yen

      Millions of yen

      %

      Yen

      February 28, 2026

      263,569

      89,668

      33.4

      875.72

      February 28, 2025

      220,041

      80,832

      36.1

      791.01

      Reference: Equity

      As of February 28, 2026: ¥87,928 million

      As of February 28, 2025: ¥79,423 million

    3. Consolidated cash flows

    Cash flows from operating activities

    Cash flows from investing activities

    Cash flows from financing activities

    Cash and cash equivalents at end of period

    Fiscal year ended

    Millions of yen

    Millions of yen

    Millions of yen

    Millions of yen

    February 28, 2026

    11,059

    (11,513)

    12,495

    27,462

    February 28, 2025

    (20,036)

    (8,762)

    13,634

    15,416

  2. Cash dividends

    Annual dividends per share

    Total cash dividends (Total)

    Payout ratio (Consolidated)

    Ratio of dividends to net assets (Consolidated)

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Millions of yen

    %

    %

    Fiscal year ended

    February 28, 2025

    -

    19.38

    -

    20.80

    40.18

    4,034

    30.0

    5.4

    Fiscal year ended February 28, 2026

    -

    15.43

    -

    20.17

    35.60

    3,574

    30.0

    4.3

    Fiscal year ending February 28, 2027 (Forecast)

    21.06

    21.37

    42.43

    30.0

  3. Forecast of consolidated financial results for the fiscal year ending February 28, 2027 (from March 1, 2026 to February 28, 2027)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Six months ending August 31, 2026

301,000

10.2

11,900

40.1

11,100

43.1

7,050

36.5

70.21

Fiscal year ending February 28, 2027

629,000

11.8

24,000

18.8

22,400

20.1

14,200

20.9

141.42

* Notes

  1. Significant changes in the scope of consolidation during the period: None

  2. Changes in accounting policies, changes in accounting estimates, and restatement

    1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

    2. Changes in accounting policies due to other reasons: None

    3. Changes in accounting estimates: None

    4. Restatement: None

  3. Number of issued shares (common shares)

    1. Total number of issued shares at the end of the period (including treasury shares)

      As of February 28, 2026

      106,888,000 shares

      As of February 28, 2025

      106,888,000 shares

    2. Number of treasury shares at the end of the period

      As of February 28, 2026

      6,480,772 shares

      As of February 28, 2025

      6,480,770 shares

    3. Average number of shares outstanding during the period

Fiscal year ended February 28, 2026

100,407,230 shares

Fiscal year ended February 28, 2025

100,407,275 shares

[Reference] Overview of non-consolidated financial results
  1. Non-consolidated financial results for the fiscal year ended February 28, 2026 (from March 1, 2025 to February 28, 2026)
    1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit

      Fiscal year ended

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      February 28, 2026

      546,632

      12.3

      19,440

      (3.5)

      17,911

      (7.6)

      11,847

      (15.0)

      February 28, 2025

      486,843

      17.8

      20,142

      20.4

      19,374

      18.1

      13,945

      17.5

      Basic earnings per share

      Diluted earnings per share

      Fiscal year ended

      Yen

      Yen

      February 28, 2026

      118.00

      -

      February 28, 2025

      138.89

      -

      Note: Net income per share after adjustment for potential shares is not shown because there are no potential shares.

    2. Non-consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    Net assets per share

    As of

    Millions of yen

    Millions of yen

    %

    Yen

    February 28, 2026

    244,840

    85,690

    35.0

    853.43

    February 28, 2025

    214,062

    77,495

    36.2

    771.67

    Reference: Equity

    As of February 28, 2026: ¥85,690 million

    As of February 28, 2025: ¥77,480 million

  2. Non-consolidated earnings forecast for the fiscal year ending February 28, 2027 (March 1, 2026 ~ February 28, 2027)

(Percentages indicate year-on-year changes.)

Net sales

Ordinary profit

Profit

Basic earnings per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Six months ending August 31, 2026

292,800

10.2

10,850

47.1

6,950

40.7

69.22

Fiscal year ending February 28, 2027

613,400

12.2

21,900

21.7

14,000

20.6

139.43

  • Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

  • Proper use of earnings forecasts, and other special matters

Forward-looking statements, such as earnings forecasts, contained in this material are deemed to be reasonable based on information available to the Company.

Actual results may differ from the above forecasts due to various factors.

  1. Overview of Operating Results, Etc.

    1. Analysis of operating results

      In the fiscal year under review (March 1, 2025 to February 28, 2026), retail unit sales at directly managed stores in Japan were 163,931 (up 10.0% year on year), a record high. This mainly owed to the commencement of operation of large stores opened in the previous fiscal year and robust retail unit sales at existing large stores, including those which opened in the fiscal year under review. The Company was able to increase the number of cars sold while also maintaining high gross profit per unit on a retail basis, mainly due to pricing that did not assume discounts and by selling incidental merchandise in association with car retail sales. As a result, car sales in retail sales to general consumers for the fiscal year under review stood at approximately 360 billion yen, and those in wholesale sales to business operators stood at around 155 billion yen.

      Consolidated selling, general and administrative expenses increased, chiefly reflecting higher personnel expenses due to a rise in the number of employees linked to the expansion of large stores, as well as advertising expenses and rent expenses on land and buildings resulting from the opening of new stores, and outsourcing expenses for the training of sales personnel.

      As a result of the above, the consolidated business results for the fiscal year under review were net sales of 562,774 million yen (up 13.3% year on year), operating profit of 20,209 million yen (up 1.6%), ordinary profit of 18,608 million yen (down 2.7%) and profit attributable to owners of parent of 11,914 million yen (down 11.4%).

      Regional segment-specific earnings are as indicated below:

      1. Japan

        The results of the Japan segment were net sales of 553,750 million yen (up 12.3% year on year) and segment profit (operating profit) of 12,144 million yen (up 0.6% year on year). The Japan segment recorded an increase in both sales and profit, which reflected higher retail and wholesale unit prices mainly attributable to increased auto auction prices, as well as an increase in gross profit per retail unit.

      2. Others

      Net sales came to 9,030 million yen (up 139.1% year on year) with segment profit (operating profit) of 4 million yen (compared to segment loss (operating loss) of 87 million yen in the previous fiscal year).

      Outlook for the Next Fiscal Year

      The forecasts for the next fiscal year are based on the following assumptions.

      1. Japan

        The Company will steadily take steps to improve its setting of prices and increase incidental earnings associated with retail sales in the next fiscal year as well. By doing so, it expects to firmly increase gross profit per retail unit.

        Furthermore, retail unit sales are expected to rise year on year due to the opening of 10 large capital efficiency-focused stores, as well as the contributions of large stores opened in or before the previous fiscal year.

      2. Others

      Overseas consolidated subsidiaries are expected to continue to perform at approximately the same level as in the fiscal year under review.

      Based on the above assumptions, the Company forecasts that in the next fiscal year, it will post net sales of 629,000 million yen, operating profit of 24,000 million yen, ordinary profit of 22,400 million yen and profit attributable to owners of parent of 14,200 million yen.

    2. Analysis of financial position

      Status of assets, liabilities and net assets (Assets)

      As of the end of the fiscal year under review, total assets stood at 263,569 million yen (up 19.8% compared to the end of the previous fiscal year).

      Current assets were 191,621 million yen (up 16.6% from the end of the previous fiscal year), mainly due to increases in cash and deposits (up 12,045 million yen), in other operating assets (up 5,236 million yen), in merchandise (up 4,442 million yen) and in notes and accounts receivable

      - trade (up 3,682 million yen).

      Non-current assets were 71,947 million yen (up 29.2% compared to the end of the previous fiscal year), chiefly due to increases in vehicles (up 8,272 million yen) and in buildings and structures (up 5,824 million yen) associated with the opening of large stores.

      (Liabilities)

      As of the end of the fiscal year under review, total liabilities were 173,901 million yen (up 24.9% compared to the end of the previous fiscal year).

      Current liabilities were 82,112 million yen (up 16.7% from the end of the previous fiscal year), chiefly due to increases in accounts payable -trade (up 3,899 million yen), in the current portion of long-term borrowings (up 3,600 million yen), and in other current liabilities (up 4,339 million yen) resulting mainly from a rise in accrued consumption taxes.

      Non-current liabilities were 91,788 million yen (up 33.4% compared to the end of the previous fiscal year) principally due to increases in longterm borrowings (up 9,850 million yen), in bonds payable (up 4,000 million yen), and in other non-current liabilities (up 8,596 million yen) resulting from an increase in long-term lease liabilities.

      (Net assets)

      As of the end of the fiscal year under review, total net assets amounted to 89,668 million yen (up 10.9% compared to the end of the previous fiscal year), largely due to increases in retained earnings (up 8,276 million yen) and in non-controlling interests (up 344 million yen).

      Status of cash flows

      Cash and cash equivalents (hereinafter, "cash") for the fiscal year under review were 27,462 million yen, an increase of 12,045 million yen (up 78.1%) compared to the end of the previous fiscal year.

      The status of cash flows for FY2026 and respective relevant cash flows are as follows.

      (Cash flows from operating activities)

      Net cash provided by operating activities for the fiscal year under review was 11,059 million yen (compared with net cash used of 20,036 million yen in the previous fiscal year).

      Increases in trade payable and in unearned revenue and accrued consumption taxes on the basis of posting profit before income taxes and depreciation were more than offset by increases in trade receivables, in other operating assets and in inventories and income taxes paid.

      (Cash flows from investing activities)

      Net cash used in investing activities for the fiscal year under review was 11,513 million yen (compared with net cash used of 8,762 million yen in the previous fiscal year).

      Major factors include the purchase of property, plant and equipment. (Cash flows from financing activities)

      Net cash used in financing activities for the fiscal year under review was 12,495 million yen (compared with net cash provided of 13,634 million yen in the previous fiscal year).

      FY2022

      FY2023

      FY2024

      FY2025

      FY2026

      Equity ratio (%)

      28.5

      35.8

      37.5

      36.1

      33.4

      Shareholders' equity (mark-to-market) ratio (%)

      34.8

      49.1

      49.4

      50.5

      58.4

      Debt redemption years (year)

      9.5

      29.5

      6.6

      -

      9.6

      Interest coverage ratio

      9.0

      3.7

      28.2

      -

      9.1

      Proceeds from long-term borrowings were outweighed by repayments of long-term borrowings. (Reference) Changes in cash flow indicators

      Notes:

      1. Breakdown of each indicator

        Equity ratio = Shareholders' equity/Total assets

        Shareholders' equity (mark-to-market) ratio = Market capitalization/Total assets Debt redemption years = Interest bearing debt/Operating cash flow

        Interest coverage ratio = Operating cash flow/Interest payments

      2. Each index is calculated from consolidated figures.

      3. Market capitalization is calculated using the following formula: closing share price at period-end x number of shares issued (excluding treasury stock)

      4. Debt redemption years and interest coverage ratio for the fiscal year ended February 2025 are not disclosed due to negative operating cash flows.

    3. Basic policy on profit distribution and dividends for fiscal years ended February 2026 and ending February 2027

      1. Basic policy on dividends and targets

        The Company adopted performance-linked dividends as its dividend policy, based on which dividends are determined in sync with consolidated results. In principle, the Company used 30% of profit attributable to owners of parent in the current fiscal year as total dividends for the determination of dividends per share for the current fiscal year.

      2. Dividends for the fiscal year under review

        Under the policy above, annual dividends per share for the fiscal year under review will be 35.60 yen (15.43 yen at the end of the first half and 20.17 yen at the end of the fiscal year).

      3. Dividends for next fiscal year

        Taking the above review into account, the Company has calculated dividends per share (forecast) for the next fiscal year based on expected profit attributable to owners of parent in the fiscal year under review. Consequently, annual dividends per share for the next fiscal year will be

        42.43 yen (21.06 yen at the end of the first half and 21.37 yen at the end of the fiscal year).

  2. Basic Policy for the Selection of Accounting Standards

In light of the convergence of Japanese GAAP and IFRS, the Group intends to create financial statements using Japanese GAAP for the time being.

Consolidated balance sheet

(Millions of yen)

As of February 28, 2025

As of February 28, 2026

Assets

Current assets

Cash and deposits

15,416

27,462

Notes and accounts receivable - trade

26,989

30,671

Merchandise

114,588

119,031

Other operating assets

1,891

7,128

Other

6,619

9,513

Allowance for doubtful accounts

(1,147)

(2,184)

Total current assets

164,358

191,621

Non-current assets

Property, plant and equipment

Buildings and structures

53,693

62,232

Accumulated depreciation

(20,450)

(23,164)

Buildings and structures, net

33,243

39,067

Vehicles

2,220

10,956

Accumulated depreciation

(450)

(914)

Vehicles, net

1,769

10,042

Tools, furniture and fixtures

6,795

7,514

Accumulated depreciation

(4,216)

(4,760)

Tools, furniture and fixtures, net

2,578

2,753

Land

136

136

Construction in progress

791

1,521

Other

630

775

Total property, plant and equipment

39,149

54,297

Intangible assets

Software

1,194

1,873

Goodwill

70

-

Other

2

2

Total intangible assets

1,267

1,875

Investments and other assets

Shares of subsidiaries and associates

29

29

Long-term loans receivable

1,789

2,103

Leasehold and guarantee deposits

6,362

7,055

Construction assistance fund receivables

3,636

2,697

Deferred tax assets

2,986

3,411

Other

463

480

Allowance for doubtful accounts

(2)

(2)

Total investments and other assets

15,265

15,775

Total non-current assets

55,682

71,947

Total assets

220,041

263,569

(Millions of yen)

As of February 28, 2025

As of February 28, 2026

Liabilities

Current liabilities

Accounts payable - trade

6,379

10,279

Short-term borrowings

9,577

8,201

Current portion of long-term borrowings

6,550

10,150

Accounts payable - other

4,552

5,286

Income taxes payable

3,337

4,038

Contract liabilities

34,786

34,060

Deposits received

254

345

Provision for bonuses

1,064

1,523

Other

3,886

8,226

Total current liabilities

70,389

82,112

Non-current liabilities

Bonds payable

3,000

7,000

Long-term borrowings

60,150

70,000

Long-term guarantee deposits

766

783

Asset retirement obligations

3,594

4,101

Other

1,307

9,903

Total non-current liabilities

68,818

91,788

Total liabilities

139,208

173,901

Net assets

Shareholders' equity

Share capital

4,157

4,157

Capital surplus

5,510

5,756

Retained earnings

73,608

81,885

Treasury shares

(4,344)

(4,344)

Total shareholders' equity

78,931

87,453

Accumulated other comprehensive income

Foreign currency translation adjustment

491

474

Total accumulated other comprehensive income

491

474

Share acquisition rights

14

0

Non-controlling interests

1,394

1,739

Total net assets

80,832

89,668

Total liabilities and net assets

220,041

263,569

Consolidated statement of income

(Millions of yen)

Fiscal year ended February 28, 2025

Fiscal year ended February 28, 2026

Net sales

496,678

562,774

Cost of sales

408,002

466,438

Gross profit

88,675

96,336

Selling, general and administrative expenses

68,785

76,127

Operating profit

19,890

20,209

Non-operating income

Interest income

153

122

Other

49

83

Total non-operating income

203

205

Non-operating expenses

Interest expenses

652

1,292

Foreign exchange losses

88

57

Commission expenses

169

334

theft loss

15

37

Other

51

84

Total non-operating expenses

978

1,806

Ordinary profit

19,115

18,608

Extraordinary income

Gain on sale of non-current assets

0

1

Gain on reversal of share acquisition rights

-

19

Other

18

-

Total extraordinary income

18

21

Extraordinary losses

Loss on retirement of non-current assets

133

127

Impairment losses

383

445

Loss on liquidation of business

-

438

Loss on store closings

31

99

Other

9

4

Total extraordinary losses

557

1,115

Profit before income taxes

18,576

17,513

Income taxes - current

4,677

5,955

Income taxes - deferred

485

(425)

Total income taxes

5,163

5,530

Profit

13,413

11,982

Profit (loss) attributable to non-controlling interests

(33)

68

Profit attributable to owners of parent

13,447

11,914

Consolidated statement of comprehensive income

(Millions of yen)

Fiscal year ended February 28, 2025

Fiscal year ended February 28, 2026

Profit

13,413

11,982

Other comprehensive income

Foreign currency translation adjustment

109

(16)

Total other comprehensive income

109

(16)

Comprehensive income

13,523

11,966

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

13,556

11,897

Comprehensive income attributable to non-controlling interests

(33)

68

Consolidated statement of changes in equity Fiscal year ended February 28, 2025

(Millions of yen)

Shareholders' equity

Accumulated other comprehensive income

Share acquisition rights

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Foreign currency translation adjustment

Total accumulated other comprehensive income

Balance at beginning of period

4,157

4,726

64,093

(4,344)

68,631

381

381

10

Changes during period

Dividends of surplus

(3,931)

(3,931)

Profit attributable to owners of parent

13,447

13,447

Purchase of treasury shares

(0)

(0)

Change in ownership interest of parent due to transactions with non-controlling interests

784

784

Net changes in items other than shareholders' equity

109

109

4

Total changes during period

-

784

9,515

(0)

10,300

109

109

4

Balance at end of period

4,157

5,510

73,608

(4,344)

78,931

491

491

14

Non-controlling interests

Total net assets

Balance at beginning of period

906

69,930

Changes during period

Dividends of surplus

(3,931)

Profit attributable to owners of parent

13,447

Purchase of treasury shares

(0)

Change in ownership interest of parent due to transactions with non-controlling interests

784

Net changes in items other than shareholders' equity

488

602

Total changes during period

488

10,902

Balance at end of period

1,394

80,832

Consolidated statement of changes in equity Fiscal year ended February 28, 2026

(Millions of yen)

Shareholders' equity

Accumulated other comprehensive income

Share acquisition rights

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Foreign currency translation adjustment

Total accumulated other comprehensive income

Balance at beginning of period

4,157

5,510

73,608

(4,344)

78,931

491

491

14

Changes during period

Dividends of surplus

(3,637)

(3,637)

Profit attributable to owners of parent

11,914

11,914

Purchase of treasury shares

(0)

(0)

Change in ownership interest of parent due to transactions with non-controlling interests

245

245

Net changes in items other than shareholders' equity

(16)

(16)

(14)

Total changes during period

-

245

8,276

(0)

8,522

(16)

(16)

(14)

Balance at end of period

4,157

5,756

81,885

(4,344)

87,453

474

474

0

Non-controlling interests

Total net assets

Balance at beginning of period

1,394

80,832

Changes during period

Dividends of surplus

(3,637)

Profit attributable to owners of parent

11,914

Purchase of treasury shares

(0)

Change in ownership interest of parent due to transactions with non-controlling interests

245

Net changes in items other than shareholders' equity

344

313

Total changes during period

344

8,835

Balance at end of period

1,739

89,668

Consolidated statement of cash flows

(Millions of yen)

Fiscal year ended February 28, 2025

Fiscal year ended February 28, 2026

Cash flows from operating activities

Profit before income taxes

18,576

17,513

Depreciation

3,248

4,214

Amortization of goodwill

7

7

Increase (decrease) in provision for bonuses

18

459

Increase (decrease) in allowance for doubtful accounts

648

1,037

Interest and dividend income

(153)

(122)

Share-based payment expenses

4

4

Interest expenses

652

1,292

Foreign exchange losses (gains)

282

121

Loss on retirement of non-current assets

133

127

Impairment losses

383

445

Loss on liquidation of business

-

438

Decrease (increase) in trade receivables

(10,044)

(7,941)

Decrease (increase) in inventories

(28,561)

(4,790)

Decrease (increase) in consumption taxes refund receivable

(135)

535

Decrease (increase) in accounts receivable - other

(244)

(868)

Decrease (increase) in Other operating assets

(1,891)

(5,236)

Increase (decrease) in accrued consumption taxes

(2,864)

3,150

Increase (decrease) in trade payables

591

3,888

Increase (decrease) in accounts payable - other

377

779

Increase (decrease) in refund liability

(290)

(84)

Increase (decrease) in accrued expenses

468

275

Increase (decrease) in unearned revenue

3,668

3,529

Other, net

(391)

(1,324)

Subtotal

(15,514)

17,453

Interest and dividends received

153

122

Interest paid

(661)

(1,220)

Income taxes paid

(4,013)

(5,295)

Net cash provided by (used in) operating activities

(20,036)

11,059

(Millions of yen)

Fiscal year ended February 28, 2025

Fiscal year ended February 28, 2026

Cash flows from investing activities

Purchase of property, plant and equipment

(7,891)

(10,067)

Proceeds from sale of property, plant and equipment

0

1

Purchase of intangible assets

(720)

(1,090)

Payments for asset retirement obligations

(35)

(18)

Loan advances

(285)

-

Proceeds from collection of loans receivable

1,218

-

Payments of leasehold and guarantee deposits

(2,088)

(816)

Proceeds from refund of leasehold and guarantee deposits

1,242

123

Payments of construction assistance fund receivables

(535)

(10)

Proceeds from collection of construction assistance fund receivables

404

853

Purchase of shares of subsidiaries and associates

(0)

-

Other, net

(71)

(488)

Net cash provided by (used in) investing activities

(8,762)

(11,513)

Cash flows from financing activities

Increase (decrease) in short-term borrowings

9,577

(1,375)

Proceeds from long-term borrowings

20,000

20,000

Repayments of long-term borrowings

(16,300)

(6,550)

Proceeds from issuance of bonds

3,000

4,000

Repayments of lease liabilities

(20)

(462)

Purchase of treasury shares

(0)

(0)

ppp

(3,929)

(3,637)

Proceeds from share issuance to non-controlling shareholders

1,307

521

Net cash provided by (used in) financing activities

13,634

12,495

Effect of exchange rate change on cash and cash equivalents

33

3

Net increase (decrease) in cash and cash equivalents

(15,131)

12,045

Cash and cash equivalents at beginning of period

30,548

15,416

Cash and cash equivalents at end of period

15,416

27,462

Balance sheet

(Millions of yen)

As of February 28, 2025

As of February 28, 2026

Assets

Current assets

Cash and deposits

13,863

23,615

Accounts receivable - trade

24,502

24,866

Merchandise

109,898

113,956

Supplies

82

78

Prepaid expenses

2,141

2,340

Other operating assets

1,891

7,128

Other

3,953

9,847

Allowance for doubtful accounts

(1,165)

(1,820)

Total current assets

155,168

180,013

Non-current assets

Property, plant and equipment

Buildings

27,088

31,839

Structures

5,976

7,043

Vehicles

0

11

Tools, furniture and fixtures

2,544

2,725

Land

136

136

Construction in progress

788

1,514

Total property, plant and equipment

36,533

43,270

Intangible assets

Software

1,109

1,755

Other

0

0

Total intangible assets

1,109

1,755

Investments and other assets

Shares of subsidiaries and associates

721

820

Long-term loans receivable

0

1

Long-term loans receivable from subsidiaries and associates

7,205

5,603

Distressed receivables

2

2

Long-term prepaid expenses

315

325

Leasehold and guarantee deposits

6,231

6,879

Construction assistance fund receivables

3,636

2,697

Deferred tax assets

2,998

3,327

Other

141

145

Allowance for doubtful accounts

(2)

(2)

Total investments and other assets

21,250

19,800

Total non-current assets

58,894

64,826

Total assets

214,062

244,840

(Millions of yen)

As of February 28, 2025

As of February 28, 2026

Liabilities

Current liabilities

Accounts payable - trade

6,300

9,912

Short-term borrowings

9,000

6,000

Short-term borrowings from subsidiaries and associates

299

389

Current portion of long-term borrowings

6,550

10,150

Accounts payable - other

3,834

4,566

Accounts payable - facilities

314

267

Income taxes payable

3,310

3,894

Accrued consumption taxes

-

3,077

Accrued expenses

2,283

2,571

Contract liabilities

34,647

33,189

Deposits received

307

361

Provision for bonuses

1,040

1,484

Other

1,029

1,281

Total current liabilities

68,917

77,147

Non-current liabilities

Bonds payable

3,000

7,000

Long-term borrowings

60,150

70,000

Long-term guarantee deposits

766

783

Asset retirement obligations

3,549

4,035

Other

183

183

Total non-current liabilities

67,649

82,001

Total liabilities

136,566

159,149

Net assets

Shareholders' equity

Share capital

4,157

4,157

Capital surplus

Other capital surplus

4,032

4,032

Total capital surplus

4,032

4,032

Retained earnings

Legal retained earnings

1,039

1,039

Other retained earnings

Retained earnings brought forward

72,596

80,806

Total retained earnings

73,635

81,845

Treasury shares

(4,344)

(4,344)

Total shareholders' equity

77,480

85,690

Share acquisition rights

14

-

Total net assets

77,495

85,690

Total liabilities and net assets

214,062

244,840

Statement of income

(Millions of yen)

Fiscal year ended February 28, 2025

Fiscal year ended February 28, 2026

Net sales

486,843

546,632

Cost of sales

401,991

456,241

Gross profit

84,852

90,391

Selling, general and administrative expenses

Advertising expenses

8,295

8,274

Salaries and allowances

16,585

17,810

Provision for bonuses

586

944

Depreciation

2,439

2,748

Rent expenses on land and buildings

12,196

13,973

Provision of allowance for doubtful accounts

550

1,043

Other

24,056

26,155

Total selling, general and administrative expenses

64,710

70,950

Operating profit

20,142

19,440

Non-operating income

Interest and dividend income

167

208

Other

25

54

Total non-operating income

192

263

Non-operating expenses

Interest expenses

649

1,278

Foreign exchange losses

92

61

Commission expenses

169

334

theft loss

15

37

Other

33

80

Total non-operating expenses

960

1,791

Ordinary profit

19,374

17,911

Extraordinary income

Gain on sale of businesses

118

-

Gain on reversal of share acquisition rights

-

19

Other

13

-

Total extraordinary income

131

19

Extraordinary losses

Loss on retirement of non-current assets

131

127

Impairment losses

316

382

Loss on store closings

31

99

Other

4

4

Total extraordinary losses

484

614

Profit before income taxes

19,021

17,317

Income taxes - current

4,659

5,797

Income taxes - deferred

416

(328)

Total income taxes

5,075

5,469

Profit

13,945

11,847

(Segment information, etc.) Segment Information

  1. The previous fiscal year (March 1, 2024 to February 28, 2025)

    1. Information on the amount of sales and profit by reporting segment

      (Millions of yen)

      Reportable segments

      Adjustment amount (Note) 2, 3

      Total

      Japan

      Other (Note) 1

      Total

      Sales

      Revenues from external customers

      492,901

      3,777

      496,678

      -

      496,678

      Transactions with other segments

      0

      -

      0

      (0)

      -

      Total

      492,902

      3,777

      496,679

      (0)

      496,678

      Segment profit (loss)

      20,018

      (87)

      19,930

      (39)

      19,890

      Note: 1. The "Other" category includes U.S. operations.

    2. Adjustments for segment profit or loss (loss) of (39) million yen include the elimination of inter-segment transactions of (32) million yen and the amortization of goodwill of (7) million yen.

    3. Segment profit or loss (loss) is adjusted for operating income in the consolidated financial statements.

      1. Information on Impairment Losses on Fixed Assets by Reporting Segment

        (Millions of yen)

        Japan

        Other

        Unallocated amounts and elimination

        Total

        Impairment losses

        383

        -

        -

        383

      2. Information on amortization and unamortized balances of goodwill by reporting segment

      (Millions of yen)

      Japan

      Other

      Unallocated amounts and elimination

      Total

      Depreciation for the period

      -

      -

      7

      7

      Balance at the end of the current fiscal year

      -

      -

      70

      70

  2. the current fiscal year (March 1, 2025 to February 28, 2026)

    1. Information on the amount of sales and profit by reporting segment

      (Millions of yen)

      Reportable segments

      Adjustment amount (Note) 2, 3

      Total

      Japan

      Other (Note) 1

      Total

      Sales

      Revenues from external customers

      553,744

      9,030

      562,774

      -

      562,774

      Transactions with other segments

      6

      -

      6

      (6)

      -

      Total

      553,750

      9,030

      562,781

      (6)

      562,774

      Segment Profit

      20,144

      4

      20,148

      60

      20,209

      Note: 1. The "Other" category includes U.S. operations.

    2. The adjustment amount of 60 million yen in segment profit includes 68 million yen in the elimination of inter-segment transactions and amortization of goodwill of (7) million yen.

    3. Segment profit is adjusted to operating income in consolidated financial statements.

  1. Information on Impairment Losses on Fixed Assets by Reporting Segment

    (Millions of yen)

    Japan

    Other

    Unallocated amounts and elimination

    Total

    Impairment losses

    382

    -

    62

    445

  2. Information on amortization and unamortized balances of goodwill by reporting segment

(Millions of yen)

Japan

Other

Unallocated amounts and elimination

Total

Depreciation for the period

-

-

7

7

Balance at the end of the current fiscal year

-

-

-

-