2025年3月期
第3四半期決算発表資料
Financial Report For The Fiscal Year ended on 31st December 2025
Third Quarter
2025年2月14日
ゼビオホールディングス株式会社
XEBIO Holdings CO., LTD.（8281）
連結損益
Consolidated Income Statement
(百万円 Million Yen) | |||||||||||||
2023/12 | 2024/12 | YOY | Forecast | ||||||||||
前期比較 | 業績予想※2 | 予想比較 | |||||||||||
増減額 | 予想差異 | ||||||||||||
売上比 | 売上比 | 売上比 | 予想比 | ||||||||||
Increase/ | 前期比 | Difference | |||||||||||
Sales Ratio | Sales Ratio | Sales Ratio | Compared to | ||||||||||
％ | ％ | Decrease | YOY | ％ | from the | Forecast | |||||||
Amount | Forecast | ||||||||||||
売上高 | 182,146 | 100.0% | 188,258 | 100.0% | 6,112 | 3.4% | 189,994 | 100.0% | ▲ 1,735 | ▲ 0.9% | |||
Net Sales | |||||||||||||
売上総利益 | 70,489 | 38.7% | 73,767 | 39.2% | 3,277 | 4.6% | 76,227 | 40.1% | ▲ 2,460 | ▲ 3.2% | |||
Gross Profit | |||||||||||||
販売費及び | 65,830 | 36.1% | 67,692 | 36.0% | 1,862 | 2.8% | 70,261 | 37.0% | ▲ 2,569 | ▲ 3.7% | |||
一般管理費 | |||||||||||||
S,G&A Expenses | |||||||||||||
営業利益 | 4,659 | 2.6% | 6,075 | 3.2% | 1,415 | 30.4% | 5,965 | 3.1% | 109 | 1.8% | |||
Operating Profit | |||||||||||||
経常利益 | 5,369 | 2.9% | 6,941 | 3.7% | 1,571 | 29.3% | 6,221 | 3.3% | 719 | 11.6% | |||
Ordinary Profit | |||||||||||||
四半期純利益※1 | 3,246 | 1.8% | 3,925 | 2.1% | 679 | 20.9% | 4,012 | 2.1% | ▲ 86 | ▲ 2.2% | |||
Net Profit | |||||||||||||
※1:親会社株主に帰属する四半期純利益 Net profit attributable to parent company shareholders | 1 |
※2:2024年5月10日付公表値に基づく Based on the forecast announced on 10th May 2024.
O Holdings 1
連結売上高・営業利益推移
Consolidated Results of Operations
連結売上高・営業利益推移
Consolidated Transition of Sales Amount and Operating Profit
Sales Amount | 売上高 | 営業利益 | 営業利益率 | Operating Profit | ||||||||
(Million Yen) | Sales Amount | Operating Profit | Operating Margin | (Million Yen) | ||||||||
200,000 | 20,000 | |||||||||||
182,146 | 188,258 | |||||||||||
180,000 | 174,301 | 173,948 | 180,364 | 18,000 | ||||||||
167,045 | ||||||||||||
160,000
売 140,000
上
高 120,000
（
百 100,000
万 80,000
円
-
60,000
40,000
20,000
0
16,000 | ||||
149,662 | ||||
14,000 | 営 | |||
業 | ||||
12,000 利 | ||||
益 | ||||
10,000（ | ||||
7,459 | 8,000 | 百 | ||
6,558 | 6,075 | 万 | ||
5,469 | 6,000 | 円 | ||
4,578 | 4,659 | |||
） | ||||
3.8% | 4.1% | 4,000 | ||||
2,427 | 3.3% | 3.2% | ||||
2.6% | 1.6% | 2.6% | 2,000 | |||
0 | ||||||
2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | 2023/12 | 2024/12 |
O Holdings 2
連結販売費及び一般管理費
Breakdown of Consolidated S,G&A Expenses
(百万円 Million Yen) | |||||||||||
2023/12 | 2024/12 | 前期比較 | 業績予想 | ||||||||
YOY | Forecast | ||||||||||
売上比 | 売上比 | 増減額 | 前期比 | 売上比 | 予想比 | ||||||
Increase/ | Compared to | ||||||||||
Sales Ratio | Sales Ratio | Sales Ratio | |||||||||
Decrease | YOY | Forecast | |||||||||
％ | ％ | ％ | |||||||||
Amount | ％ | ||||||||||
販売費 | 6,702 | 3.7% | 7,336 | 3.9% | 634 | 9.5% | 7,116 | 3.7% | 3.1% | ||
Selling | |||||||||||
Expenses | |||||||||||
広告宣伝費 | |||||||||||
Advertising and | 5,508 | 3.0% | 5,053 | 2.7% | ▲ 455 | ▲8.3% | 5,800 | 3.1% ▲ 12.9% | |||
Promotional | |||||||||||
Expenses | |||||||||||
人件費 | 22,896 | 12.6% | 23,751 | 12.6% | 854 | 3.7% | 24,403 | 12.8% | ▲ 2.7% | ||
Personnel | |||||||||||
Expenses | |||||||||||
店舗費 | 21,807 | 12.0% | 22,665 | 12.0% | 857 | 3.9% | 23,686 | 12.5% | ▲ 4.3% | ||
Facility Expenses | |||||||||||
その他管理費 | 8,915 | 4.9% | 8,885 | 4.7% | ▲ 30 | ▲ 0.3% | 9,253 | 4.9% | ▲ 4.0% | ||
Others | |||||||||||
合計 | 65,830 | 36.1% | 67,692 | 36.0% | 1,862 | 2.8% | 70,261 | 37.0% | ▲ 3.7% | ||
Total | |||||||||||
3
O Holdings 3
連結四半期別損益
Consolidated Quarterly Income Statement
(百万円 Million Yen) | |||||||||||||
1st Quarter | 2nd Quarter | 3rd Quarter | |||||||||||
売上比 | 売上比 | 売上比 | 予想比 | ||||||||||
前期比 | 前期比 | 前期比 | |||||||||||
Sales Ratio | Sales Ratio | Sales Ratio | Compared to | ||||||||||
YOY | YOY | YOY | |||||||||||
％ | ％ | ％ | Forecast | ||||||||||
売上高 | 65,142 | 100.0% | 4.6% | 60,036 | 100.0% | 3.9% | 63,079 | 100.0% | 1.6% | ▲3.2% | |||
Net Sales | |||||||||||||
売上総利益 | 25,977 | 39.9% | 7.8% | 22,566 | 37.6% | 4.7% | 25,222 | 40.0% | 1.6% | ▲6.2% | |||
Gross Profit | |||||||||||||
販売費及び | 22,123 | 34.0% | 3.0% | 22,314 | 37.2% | 5.2% | 23,254 | 36.9% | 0.5% | ▲3.6% | |||
一般管理費 | |||||||||||||
S,G&A Expenses | |||||||||||||
営業利益 | 3,854 | 5.9% | 46.9% | 252 | 0.4% | ▲ 26.8% | 1,968 | 3.1% | 16.4% | ▲29.3% | |||
Operating Profit | |||||||||||||
経常利益 | 4,330 | 6.6% | 37.5% | ▲ 81 | ▲ 0.1% | - | 2,692 | 4.3% | 58.4% | ▲6.1% | |||
Ordinary Profit | |||||||||||||
四半期純利益※ | 2,785 | 4.3% | 40.1% | ▲ 768 | ▲ 1.3% | - | 1,909 | 3.0% | 56.0% | ▲5.9% | |||
Net Profit | |||||||||||||
4 | |||||||||||||
※親会社株主に帰属する四半期純利益 Net Profit Attributable to Parent Company Shareholders | |||||||||||||
O Holdings 4
連結部門別売上高構成比
Consolidated Net Sales by Segment
(百万円 Million Yen) | ||||||||
2023/12 | 2024/12 | 前期比 YOY | ||||||
構成比 | 構成比 | |||||||
％ | ％ | |||||||
ウィンタースポーツ | 3,731 | 2.0% | 3,717 | 2.0% | ▲ 0.4% | |||
Winter Sporting Goods | ||||||||
ゴルフ Golf Goods | 62,287 | 34.2% | 61,560 | 32.7% | ▲ 1.2% | |||
一般競技スポーツ・シューズ | 60,587 | 33.3% | 65,559 | 34.8% | 8.2% | |||
General Sporting Goods＆Shoes | ||||||||
スポーツアパレル | 21,310 | 11.7% | 22,028 | 11.7% | 3.4% | |||
Sports Apparel Goods | ||||||||
アウトドア・その他 | 25,503 | 14.0% | 24,424 | 13.0% | ▲ 4.2% | |||
Outdoor Goods etc. | ||||||||
スポーツ用品・用具計 | 173,420 | 95.2% | 177,290 | 94.2% | 2.2% | |||
Sports Total | ||||||||
その他計 Others | 8,725 | 4.8% | 10,968 | 5.8% | 25.7% | |||
合計 Total | 182,146 | 100.0% | 188,258 | 100.0% | 3.4% | |||
Holding 5
連結部門別売上高構成比推移
Consolidated Net Sales by Segment
連結部門別売上高構成比推移
ｳｨﾝﾀｰｽﾎﾟｰﾂ | ｺﾞﾙﾌ | 一般競技ｽﾎﾟｰﾂ・シューズ | ｽﾎﾟｰﾂｱﾊﾟﾚﾙ | ｱｳﾄﾄﾞｱ | その他計 | |||||||||||
200,000 Winter Sports | Golf | General Sporting | Sports Apparel | Outdoor | Others | |||||||||||
Goods & Shoes | ||||||||||||||||
5.8% | ||||||||||||||||
180,000 | ||||||||||||||||
4.0% | 5.0% | 5.5% | 4.8% | |||||||||||||
5.4% | 13.0% | |||||||||||||||
160,000 | 14.5% | 14.0% | ||||||||||||||
15.4% | 16.0% | |||||||||||||||
14.7% | ||||||||||||||||
6.3% | ||||||||||||||||
140,000 | 11.7% | |||||||||||||||
11.6% | 11.7% | |||||||||||||||
13.9% | 13.5% | 15.7% | ||||||||||||||
120,000 | 12.4% | |||||||||||||||
13.5% | ||||||||||||||||
100,000 | ||||||||||||||||
30.3% | 30.4% | 33.3% | 34.8% | |||||||||||||
80,000 | 36.6% | 34.8% | ||||||||||||||
30.4% | ||||||||||||||||
60,000 | ||||||||||||||||
40,000 | ||||||||||||||||
27.4% | 28.4% | 31.2% | 34.6% | 35.5% | 34.2% | 32.7% | ||||||||||
20,000 | ||||||||||||||||
2.7% | 2.3% | 2.9% | 2.6% | 2.5% | 2.0% | 2.0% | ||||||||||
0 | ||||||||||||||||
2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | 2023/12 | 2024/12 | ||||||||||
Holding 6
ゼビオ㈱月別売上高前年比（％）
Monthly Store Sales Trends YOY
4月 | 5月 | 6月 | 1Q累計 | 7月 | 8月 | 9月 | 2Q累計 | 10月 | 11月 | 12月 | 3Q累計 | ||
1stQ | 2ndQ | 3rdQ | |||||||||||
Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |||||
Total | Total | Total | |||||||||||
既存店 | 100.7 | 101.1 | 105.7 | 102.4 | 96.3 | 106.8 | 102.8 | 101.8 | 89.9 | 102.9 | 107.6 | 101.5 | |
Existing | |||||||||||||
売上高 | Stores | ||||||||||||
Sales | |||||||||||||
Amount | 全店 | 101.4 | 102.1 | 106.7 | 103.3 | 97.8 | 109.2 | 104.7 | 103.4 | 91.9 | 104.7 | 109.4 | 103.1 |
All Stores | |||||||||||||
既存店 | 96.6 | 95.1 | 100.0 | 97.2 | 90.6 | 101.7 | 101.4 | 97.1 | 89.9 | 100.4 | 104.6 | 97.5 | |
客数 | Existing | ||||||||||||
Stores | |||||||||||||
Number | |||||||||||||
of | |||||||||||||
Customers | |||||||||||||
全店 | 97.0 | 95.4 | 100.4 | 97.6 | 91.4 | 103.2 | 102.6 | 97.9 | 91.2 | 101.8 | 106.1 | 98.5 | |
All Stores | |||||||||||||
客単価 | 全店 | 104.5 | 107.1 | 106.3 | 105.9 | 107.0 | 105.8 | 102.0 | 105.5 | 100.6 | 102.8 | 103.0 | 104.6 |
Sales Amount | |||||||||||||
All Stores | |||||||||||||
per customer | |||||||||||||
土日祝日数前年比 | |||||||||||||
YOY Number of | ▲ 1 | ▲ 1 | 2 | 0 | ▲ 1 | 1 | 1 | 1 | ▲ 1 | 0 | ▲ 1 | ▲ 1 | |
Saturday,Sunday and Public | |||||||||||||
Holidays | |||||||||||||
7
O Holdings 7
連結貸借対照表
Consolidated Balance Sheet Summary
(百万円 Million Yen) | |||||
2024/3/31 | 2024/12/31 | 増減額 | |||
Increase/Decrease | |||||
Amount | |||||
流動資産 | 139,969 | 145,588 | 5,619 | ||
Current Assets | |||||
（現金及び預金） | 24,941 | 23,207 | ▲ 1,733 | ||
Cash and Deposit | |||||
（売上債権） | 22,584 | 24,087 | 1,503 | ||
Trade Receivable | |||||
（棚卸資産） | 82,943 | 88,378 | 5,435 | ||
Inventories | |||||
固定資産 | 69,561 | 70,974 | 1,412 | ||
Fixed Assets | |||||
流動負債 | 70,559 | 78,999 | 8,439 | ||
Current Liabilities | |||||
（仕入債務） | 50,501 | 59,392 | 8,890 | ||
Trade Payable | |||||
（短期借入金） | 2,538 | 1,873 | ▲ 664 | ||
Short-term Debt | |||||
固定負債 | 14,157 | 12,714 | ▲ 1,443 | ||
Fixed Liabilities | |||||
（長期借入金） | 2,936 | 2,025 | ▲ 911 | ||
Long-term Debt | |||||
負債 | 84,717 | 91,713 | 6,996 | ||
Liabilities | |||||
純資産 | 124,813 | 124,849 | 36 | ||
Net Assets | |||||
総資産 | 209,530 | 216,562 | 7,032 | ||
Total Assets | |||||
【棚卸資産（既存店前年比）Inventories(YOY Existing store)】ゼビオ（Xebio）98.9％ ・ ヴィクトリア（Victoria）87.4％
O Holdings 8
連結貸借対照表
Consolidated Balance Sheet Summary
連結資産・負債額推移
Consolidated Transition of Assets・Liabilities
純資産 | 固定負債 | 流動負債 | 固定資産 | 流動資産 | |||||||
(Million Yen) Net Asset | Fixed Liabilities | Current Liabilities | Fixed Asset | Current Asset | |||||||
250,000 | |||||||||||
資
200,000
産
・
負
債150,000
額
（
百100,000
万
円
-
50,000
0
83,991 | ||||||||||||||||||||||||||||||
79,617 | ||||||||||||||||||||||||||||||
75,888 | 78,999 | |||||||||||||||||||||||||||||
79,272 | ||||||||||||||||||||||||||||||
71,612 | 70,716 | 157,437 | ||||||||||||||||||||||||||||
150,500 | ||||||||||||||||||||||||||||||
151,912 | 145,588 | |||||||||||||||||||||||||||||
149,458 | ||||||||||||||||||||||||||||||
132,838 | ||||||||||||||||||||||||||||||
133,821 | ||||||||||||||||||||||||||||||
14,712 | ||||||||||||||||||||||||||||||
16,853 | 12,714 | |||||||||||||||||||||||||||||
21,560 | 15,615 | |||||||||||||||||||||||||||||
8,213 | ||||||||||||||||||||||||||||||
8,960 | ||||||||||||||||||||||||||||||
122,692 | 124,873 | 124,849 | ||||||||||||||||||||||||||
120,825 | 119,272 | |||||||||||||||||||||||||||
118,633 | ||||||||||||||||||||||||||||
116,892 | ||||||||||||||||||||||||||||
70,974 | ||||||||||||||||||||||||||||
68,702 | ||||||||||||||||||||||||||||
66,829 | 65,472 | 66,099 | ||||||||||||||||||||||||||
64,883 | ||||||||||||||||||||||||||||
62,247 | ||||||||||||||||||||||||||||
2018/12/31 | 2019/12/31 | 2020/12/31 | 2021/12/31 | 2022/12/31 | 2023/12/31 | 2024/12/31 |
O Holdings 9