Consolidated Financial Results
for the Fiscal Year Ended February 28, 2018
[Japanese GAAP]
April 10, 2018 Company name: PAL GROUP Holdings CO., LTD.
Stock exchange listing: Tokyo Stock Exchange Code number: 2726
URL: http://www.palgroup.holdings
Representative: Ryuta Inoue, President and Representative Director
Contact: Yukio Utsunomiya, Managing Officer and General Manager of Finance and Accounting Department Phone: +81-6-6227-0308
Scheduled date of ordinary general meeting of shareholders: May 23, 2018 Scheduled date of commencing dividend payments: May 24, 2018
Scheduled date of filing securities report: May 30, 2018
Availability of supplementary briefing material on financial results: Not available
Schedule of financial results briefing session: Scheduled (for analysts and institutional investors)
(Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2018 (March 1, 2017 to February 28,
2018)
(1) Consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit attributable to
owners of parent
million yen % million yen % million yen % million yen %
Fiscal year ended
February 28, 2018 123,241 5.8 7,042 14.3 6,967 15.3 2,489 (18.9)
Fiscal year ended
February 28, 2017 116,457 1.8 6,164 5.8 6,044 5.3 3,071 (6.6)
(Note) Comprehensive income: Fiscal year ended February 28, 2018: ¥2,602 million [15.4%] Fiscal year ended February 28, 2017: ¥3,077 million [0.7%]
Basic earnings per share
Diluted earnings per share
Rate of return on equity
Ordinary profit to total assets
Operating profit to net sales
yen yen % % %
Fiscal year ended
February 28, 2018 113.16 ― 6.5 8.7 5.7
Fiscal year ended
February 28, 2017 139.60 ― 8.3 7.8 5.3
(Reference) Equity in earnings of affiliates: Fiscal year ended February 28, 2018: ¥5 million Fiscal year ended February 28, 2017: ¥10 million
(2) Consolidated Financial Position
Total assets Net assets Equity ratio Net assets per share
million yen million yen % yen
As of February 28,
2018 82,890 38,475 46.4 1,748.96
As of February 28,
2017 77,083 37,590 48.8 1,708.72
(3) Consolidated Cash Flows
Net cash provided by (used in) operating
activities
Net cash provided by (used in) investing
activities
Net cash provided by (used in) financing
activities
Cash and cash equivalents at end of
period
million yen million yen million yen million yen
Fiscal year ended
February 28, 2018 5,236 (1,717) 1,322 40,728
Fiscal year ended
February 28, 2017 5,160 (1,531) (2,844) 35,959
2. Dividends
Annual dividends Total
dividends paid (annual) Payout ratio (consolidated) Dividends to net assets (consolidated) 1st quarter -end 2nd quarter -end 3rd quarter -end
Year-end Total
yen yen yen yen yen million yen % %
Fiscal year ended
February 28, 2017 ― 0.00 ― 70.00 70.00 1,539 50.1 4.2
Fiscal year ended
February 28, 2018 ― 0.00 ― 75.00 75.00 1,649 66.3 4.3
Fiscal year ending February 28, 2019 (Forecast)
― 0.00 ― 75.00 75.00 33.5
(Note) Revision of dividend forecast: Yes
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2019 (March 1, 2018 to February 28, 2019)
(% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit
Profit attributable to owners of
parent
Basic earnings per share
million yen % million yen % million yen % million yen % yen
First half 66,340 10.0 3,890 6.5 3,750 3.4 2,130 8.7 96.82
Full year 133,510 8.3 8,990 27.7 8,720 25.2 4,930 98.1 224.10
* Notes
(1)Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
(2)Changes in accounting policies, changes in accounting estimates and corrections of errors 1) Changes in accounting policies due to the revision of accounting standards: No 2) Any changes other than 1) above: No
3) Changes in accounting estimates: No 4) Corrections of errors: No
(3)Total 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, 2018 23,136,000 shares
As of February 28, 2017 23,136,000 shares 2) Total number of treasury shares at the end of the period:
As of February 28, 2018 1,137,119 shares
As of February 28, 2017 1,136,865 shares
3) Average number of shares during the period:
*These consolidated financial results are not covered by the audit procedure conducted by a certified public accountant or audit corporation.
* Explanation of the proper use of financial results forecast and other notes
1 Appendix
1. Overview of Consolidated Operating Results 2
(1) Overview of Consolidated Operating Results for the Period under Review 2 (2) Overview of Consolidated Financial Position for the Period under Review 3
(3) Overview of Consolidated Cash Flows for the Period under Review 3
(4) Outlook for Fiscal 2018 4
2. Rationale behind the Choice of Accounting Standards 4
3. Consolidated Financial Statements and Primary Notes 5
(1) Consolidated Balance Sheets 5
(2) Consolidated Statements of Income and Comprehensive Income 7
(3) Consolidated Statements of Changes in Net Assets 10
(4) Consolidated Statements of Cash Flows 12
(5) Notes to Consolidated Financial Statements 14
(Notes on Going Concern Assumption) 14
(Segment and Other Information) 14
(Per Share Information) 19
2 1. Overview of Consolidated Operating Results
(1) Overview of Consolidated Operating Results for the Period under Review 1) Overview for the Fiscal Year Ended February 28, 2018
During the fiscal year ended February 28, 2018 (March 1, 2017 to February 28, 2018), the Japanese economy remained on a gradual recovery trend driven mainly by improved corporate profit and the employment environment.
Under such a business environment, the Corporate Group made every effort to expand its operations and improve management efficiency by proactively keeping its business conditions entrenched and promoting the opening of new stores, while at the same time revitalizing existing stores by switching businesses and withdrawing unprofitable stores.
In the Apparel Business, the Group conducted proactive brand promotions while further pressing ahead with the reform of merchandising (MD) and improving the freshness of merchandise through agile introduction of items in stores. As a result, net sales increased by 5.2% year on year to ¥89,517 million. In the Miscellaneous Goods/Accessories Business, we opened 29 new stores in response to robust demand for opening stores reflecting our rising visibility. As a result, net sales increased by 7.7 % year on year to ¥33,604 million. As a result of the above, net sales for the fiscal year ended February 28, 2018 increased by 5.8% year on year to ¥123,241 million.
In terms of profit, the gross profit margin decreased by 0.3 points year on year to 55.8%, despite the further reform of merchandising (MD), etc. Operating profit increased by ¥878 million year on year to ¥7,042 million, and ordinary profit increased by ¥922 million year on year to ¥6,967 million. Profit attributable to owners of parent decreased by ¥581 million year on year to ¥2,489 million, due to impairment loss in the amount of ¥1,766 million recorded as an extraordinary loss for the period under review.
2) Sales Results by Segment for the Fiscal Year Ended February 28, 2018
Segment Amount (million yen) Changes from the previous fiscal year (%)
Apparel Business 89,517 105.2
Miscellaneous Goods/Accessories Business
33,604 107.7
Other 120 81.6
Total 123,241 105.8
3) Status of Stores for the Fiscal Year Ended February 28, 2018 (March 1, 2017 to February 28, 2018) Number of stores as of February 28, 2017
Number of new stores Number of closed stores
Number of new stores due to an increase in the number of consolidated subsidiaries Number of stores as of February 28, 2018
923 stores 57 stores 77 stores
3
(2) Overview of Consolidated Financial Position for the Period under Review 1) Status of Assets, Liabilities and Net Assets
(Assets)
Current assets increased by ¥6,902 million compared with the end of the previous fiscal year, due mainly to increases in cash and deposits by ¥4,769 million and merchandise and finished goods by ¥1,328 million. Non-current assets decreased by ¥1,095 million compared with the end of the previous fiscal year, due primarily to a decrease in buildings and structures by ¥1,232 million.
(Liabilities)
Current liabilities increased by ¥2,406 million compared with the end of the previous fiscal year, due mainly to increases in notes and accounts payable - trade by ¥2,063 million and short-term loans payable by ¥1,344 million, despite a decrease in income taxes payable by ¥1,147 million.
Non-current liabilities increased by ¥2,515 million compared with the end of the previous fiscal year, due primarily to an increase in long-term loans payable by ¥3,073 million.
(Net assets)
Net assets increased by ¥884 million compared with the end of the previous fiscal year, due mainly to an increase in retained earnings by ¥772 million.
(3) Overview of Consolidated Cash Flows for the Period under Review
Cash and cash equivalents (hereinafter “cash”) at the end of the fiscal year ended February 28, 2018 increased by ¥4,769 million compared with the end of the previous fiscal year to ¥40,728 million, due mainly to cash provided by operating activities in the amount of ¥5,236 million.
Cash flows for the fiscal year ended February 28, 2018 are as follows. (Net cash provided by (used in) operating activities)
While cash provided by operating activities was ¥5,160 million for the previous fiscal year, cash provided by operating activities amounted to ¥5,236 million for the fiscal year ended February 28, 2018, due mainly to an increase in notes and accounts payable - trade by ¥1,625 million and profit before income taxes in the amount of ¥4,929 million, despite an increase in inventories by ¥1,191 million.
(Net cash provided by (used in) investing activities)
While cash used in investing activities was ¥1,531 million for the previous fiscal year, cash used in investing activities amounted to ¥1,717 million for the fiscal year ended February 28, 2018, due mainly to purchase of property, plant and equipment of ¥1,184 million.
(Net cash provided by (used in) financing activities)
4 (Reference) Cash flow-related indicators
Fiscal year ended February 28,
2014
Fiscal year ended February 28,
2015
Fiscal year ended February 29,
2016
Fiscal year ended February 28,
2017
Fiscal year ended February 28,
2018
Equity ratio (%) 47.2 41.8 46.9 48.8 46.4
Equity ratio based on market value (%)
59.4 87.2 73.0 78.1 84.3
Interest-bearing debt to cash flows ratio (%)
208.5 85.1 ― 251.7 382.2
Interest-coverage ratio (times)
40.7 102.0 ― 38.7 43.1
Equity ratio: Equity / Total assets
Equity ratio based on market value: Market capitalization of shares / Total assets Interest-bearing debt to cash flows ratio: Interest-bearing debt / Operating cash flows Interest-coverage ratio: Operating cash flows / Interest payments
(Note) For the fiscal year ended February 29, 2016, the description of interest-bearing debt to cash flows ratio and interest-coverage ratio has been omitted as the operating cash flows were negative.
(4) Outlook for Fiscal 2018
As for the outlook for Fiscal 2018, the Company predicts increases in both sales and profits, expecting net sales to increase by 8.3% year on year to ¥133,510 million, operating profit to increase by 27.7% year on year to ¥8,990 million, ordinary profit to increase by 25.2% year on year to ¥8,720 million and profit attributable to owners of parent to increase 98.1% year on year to ¥4,930 million.
2. Rationale behind the Choice of Accounting Standards
To sustain comparability of consolidated financial statements between periods as well as between companies, the Company prepares consolidated financial statements under the Japanese GAAP.
5 3. Consolidated Financial Statements and Primary Notes (1) Consolidated Balance Sheets
(Millions of yen)
As of February 28, 2017 As of February 28, 2018
Assets
Current assets
Cash and deposits 35,959 40,728
Notes and accounts receivable - trade 5,178 5,194
Merchandise and finished goods 8,592 9,920
Raw materials and supplies 14 15
Deferred tax assets 666 729
Other 880 1,602
Allowance for doubtful accounts (2) (0)
Total current assets 51,288 58,190
Non-current assets
Property, plant and equipment
Buildings and structures, net 7,496 6,264
Machinery, equipment and vehicles, net 1 1
Land 779 779
Leased assets, net 1,241 810
Other, net 383 377
Total property, plant and equipment 9,903 8,233
Intangible assets 398 637
Investments and other assets
Investment securities 718 895
Guarantee deposits 13,414 13,505
Deferred tax assets 837 879
Other 597 622
Allowance for doubtful accounts (74) (73)
Total investments and other assets 15,492 15,828
Total non-current assets 25,794 24,699
6
(Millions of yen)
As of February 28, 2017 As of February 28, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade 12,610 14,673
Short-term loans payable 3,287 4,632
Current portion of long-term loans payable 2,917 3,040
Accrued expenses 2,017 2,126
Income taxes payable 1,543 395
Provision for bonuses 1,255 1,522
Provision for directors’ bonuses 164 103
Provision for sales returns 0 0
Other 3,888 3,596
Total current liabilities 27,685 30,091
Non-current liabilities
Long-term loans payable 6,786 9,860
Net defined benefit liability 756 843
Provision for directors’ retirement benefits 122 126
Provision for loss on guarantees 140 160
Long-term accounts payable - other 1,179 717
Lease obligations 1,052 794
Asset retirement obligations 1,702 1,735
Deferred tax liabilities 10 34
Other 56 52
Total non-current liabilities 11,807 14,323
Total liabilities 39,492 44,415
Net assets
Shareholders’ equity
Capital stock 3,181 3,181
Capital surplus 4,469 4,469
Retained earnings 31,927 32,700
Treasury shares (2,087) (2,088)
Total shareholders’ equity 37,491 38,263
Accumulated other comprehensive income Valuation difference on available-for-sale
securities 142 267
Foreign currency translation adjustment (5) (5) Remeasurements of defined benefit plans (38) (50) Total accumulated other comprehensive
income 99 211
Total net assets 37,590 38,475
7
(2) Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income
(Millions of yen)
Fiscal year ended February 28, 2017
Fiscal year ended February 28, 2018
Net sales 116,457 123,241
Cost of sales 51,154 54,490
Gross profit 65,303 68,751
Provision for sales returns (0) (0)
Gross profit - net 65,303 68,751
Selling, general and administrative expenses
Advertising and promotion expenses 2,485 2,665 Transportation and warehousing expenses 3,035 3,609 Provision of allowance for doubtful accounts 17 (1) Salaries, allowances and bonuses 17,684 18,371
Provision for bonuses 1,255 1,667
Provision for directors’ bonuses 164 103
Retirement benefit expenses 93 118
Provision for directors’ retirement benefits 3 3
Welfare expenses 3,189 3,354
Rent expenses 19,892 19,958
Lease expenses 201 156
Other 11,115 11,699
Total selling, general and administrative expenses 59,139 61,708
Operating profit 6,164 7,042
Non-operating income
Interest income 1 1
Rent income 8 12
Share of profit of entities accounted for using
equity method 10 5
Other 78 64
Total non-operating income 100 84
Non-operating expenses
Interest expenses 133 120
Provision for loss on guarantees 50 20
Other 36 19
Total non-operating expenses 219 159
Ordinary profit 6,044 6,967
8
(Millions of yen)
Fiscal year ended February 28, 2017
Fiscal year ended February 28, 2018 Extraordinary losses
Loss on retirement of non-current assets 170 262
Loss on cancellation of leases 4 8
Impairment loss 649 1,766
Total extraordinary losses 823 2,038
Profit before income taxes 5,220 4,929
Income taxes - current 2,462 2,576
Income taxes - deferred (312) (137)
Total income taxes 2,149 2,439
Profit 3,071 2,489
9 Consolidated Statements of Comprehensive Income
(Millions of yen)
Fiscal year ended February 28, 2017
Fiscal year ended February 28, 2018
Profit 3,071 2,489
Other comprehensive income
Valuation difference on available-for-sale
securities 4 125
Foreign currency translation adjustment (1) (1) Remeasurements of defined benefit plans, net of
tax 9 (12)
Share of other comprehensive income of entities
accounted for using equity method (5) 1
Total other comprehensive income 6 112
Comprehensive income 3,077 2,602
Comprehensive income attributable to
Comprehensive income attributable to owners of
parent 3,077 2,602
Comprehensive income attributable to
10 (3) Consolidated Statements of Changes in Net Assets Fiscal year ended February 28, 2017
(Millions of yen) Shareholders’ equity
Capital stock Capital surplus Retained
earnings Treasury shares
Total shareholders’
equity Balance at beginning of
current period 3,181 4,469 30,396 (2,087) 35,960
Changes of items during period
Dividends of surplus (1,539) (1,539)
Profit attributable to
owners of parent 3,071 3,071
Purchase of treasury
shares (0) (0)
Increase (decrease) resulting from change of accounting period of consolidated subsidiaries Net changes of items other than shareholders’ equity
Total changes of items
during period － － 1,531 (0) 1,530
Balance at end of current
period 3,181 4,469 31,927 (2,087) 37,491
(Millions of yen) Accumulated other comprehensive income
Non-controlling interests Total net assets Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit
plans Total accumulated other comprehensive income Balance at beginning of
current period 138 1 (47) 92 － 36,053
Changes of items during period
Dividends of surplus (1,539)
Profit attributable to
owners of parent 3,071
Purchase of treasury
shares (0)
Increase (decrease) resulting from change of accounting period of consolidated subsidiaries Net changes of items other than shareholders’ equity
4 (6) 9 6 － 6
Total changes of items
during period 4 (6) 9 6 － 1,537
Balance at end of current
11 Fiscal year ended February 28, 2018
(Millions of yen) Shareholders’ equity
Capital stock Capital surplus Retained
earnings Treasury shares
Total shareholders’
equity Balance at beginning of
current period 3,181 4,469 31,927 (2,087) 37,491
Changes of items during period
Dividends of surplus (1,539) (1,539)
Profit attributable to
owners of parent 2,489 2,489
Purchase of treasury
shares (0) (0)
Increase (decrease) resulting from change of accounting period of consolidated subsidiaries
(176) (176)
Net changes of items other than shareholders’ equity
Total changes of items
during period － － 772 (0) 772
Balance at end of current
period 3,181 4,469 32,700 (2,088) 38,263
(Millions of yen) Accumulated other comprehensive income
Non-controlling
interests
Total net assets Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Balance at beginning of
current period 142 (5) (38) 99 － 37,590
Changes of items during period
Dividends of surplus (1,539)
Profit attributable to
owners of parent 2,489
Purchase of treasury
shares (0)
Increase (decrease) resulting from change of accounting period of consolidated subsidiaries
(176)
Net changes of items other than shareholders’ equity
125 0 (12) 112 － 112
Total changes of items
during period 125 0 (12) 112 － 884
Balance at end of current
12 (4) Consolidated Statements of Cash Flows
(Millions of yen)
Fiscal year ended February 28, 2017
Fiscal year ended February 28, 2018 Cash flows from operating activities
Profit before income taxes 5,220 4,929
Depreciation 2,064 1,909
Impairment loss 649 1,766
Increase (decrease) in allowance for doubtful
accounts 16 (2)
Interest and dividend income (7) (7)
Interest expenses 133 120
Share of (profit) loss of entities accounted for
using equity method (10) (5)
Decrease (increase) in notes and accounts
receivable - trade (40) 79
Decrease (increase) in inventories 554 (1,191) Increase (decrease) in notes and accounts payable
- trade (2,581) 1,625
Increase (decrease) in provision for bonuses 254 169
Increase (decrease) in provision for directors’
retirement benefits 3 3
Increase (decrease) in provision for directors’
bonuses 96 (61)
Increase (decrease) in net defined benefit liability 4 75 Increase (decrease) in provision for sales returns (0) (0) Increase (decrease) in provision for loss on
guarantees 50 20
Loss on retirement of property, plant and
equipment 174 271
Loss (gain) on investments in partnership (3) －
Increase (decrease) in accrued consumption taxes 389 (364)
Other, net (53) (373)
Subtotal 6,913 8,964
Interest and dividend income received 10 11
Interest expenses paid (133) (121)
Income taxes (paid) refund (1,628) (3,618)
Payments for directors' retirement benefits (2) －
13
(Millions of yen)
Fiscal year ended February 29, 2017
Fiscal year ended February 28, 2018 Cash flows from investing activities
Purchase of property, plant and equipment (1,377) (1,184) Proceeds from sales and redemption of short-term
and long-term investment securities 54 –
Payments of loans receivable – (39)
Collection of loans receivable 1 6
Purchase of intangible assets (83) (373)
Payments for guarantee deposits (550) (717)
Proceeds from collection of guarantee deposits 526 892 Purchase of shares of subsidiaries resulting in
change in scope of consolidation
– (99)
Purchase of shares of subsidiaries and associates – (3) Payments for asset retirement obligations (102) (199)
Other, net – (0)
Net cash provided by (used in) investing activities (1,531) (1,717) Cash flows from financing activities
Net increase (decrease) in short-term loans
payable 768 1,354
Proceeds from long-term loans payable 1,127 4,549 Repayments of long-term loans payable (1,125) (1,453)
Purchase of treasury shares (0) (0)
Cash dividends paid (1,539) (1,540)
Dividends paid to non-controlling interests (0) – Repayments of installment payables (1,406) (1,012) Repayments of finance lease obligations (667) (574) Net cash provided by (used in) financing activities (2,844) 1,322 Effect of exchange rate change on cash and cash
equivalents – –
Net increase (decrease) in cash and cash equivalents 784 4,835 Cash and cash equivalents at beginning of period 35,174 35,959 Increase (decrease) in cash and equivalents resulting
from change of accounting period of consolidated subsidiaries
– (66)
14 (5) Notes to Consolidated Financial Statements
(Notes on Going Concern Assumption) Not applicable.
(Segment and Other Information) [Segment Information]
1. Overview of reportable segments
The Group operates the Apparel Business as its principal business, besides developing the Miscellaneous Goods/Accessories Business. Each business division draws up a plan for comprehensive strategies and thereupon operates its business activities.
The Group consists of segments by line of business. Based on the types of products and economic characteristics, the reportable segments are integrated into two segments: the Apparel Business and
Miscellaneous Goods/Accessories Business. The reportable segments are those for which separate financial information is available and for which the Board of Directors conducts a regular review in order to determine the allocation of management resources and to evaluate business performance.
The Apparel Business retails (procures and sells), manufactures and sells apparel, etc. The Miscellaneous Goods/Accessories Business retails (procures and sells) miscellaneous daily goods, etc.
2. Calculation methods for the net sales, income (loss), assets (liabilities), and other items for each reportable segment
The accounting methods for the reportable segments are generally the same as those listed in the “Significant Accounting Policies in the Preparation of Consolidated Financial Statements.” Inter-segment sales and transfers are based on current market prices.
15
3. Information related to net sales, income (loss), assets (liabilities), and other items for each reportable segment
The fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017) (Millions of yen)
Reportable segment
Other (Note 1)
Total Adjustment (Note 2)
Consolidated (Note 3) Apparel
Business
Miscellaneous Goods/Accessories
Business
Subtotal
Net Sales Sales to
external customers 85,097 31,212 116,310 147 116,457 – 116,457
Inter-segment sales
or transfers – 0 0 178 178 (178) –
Total 85,097 31,213 116,310 325 116,636 (178) 116,457
Segment income
(loss) 3,827 2,308 6,135 29 6,164 (0) 6,164
Other
Depreciation 1,537 526 2,063 0 2,064 – 2,064
(Notes) 1. The “Other” category includes the temporary personnel services, etc.
2. The negative ¥0 million adjustment to segment income (loss) includes the eliminated amount of inter-segment transactions.
16
The fiscal year ended February 28, 2018 (March 1, 2017 to February 28, 2018) (Millions of yen)
Reportable segment
Other (Note 1)
Total Adjustment (Note 2) Consolidated (Note 3) Apparel Business Miscellaneous Goods/Accessories Business Subtotal Net sales Sales to
external customers 89,517 33,604 123,121 120 123,241 – 123,241
Inter-segment sales
or transfers – – – 178 178 (178) –
Total 89,517 33,604 123,121 298 123,420 (178) 123,241
Segment income
(loss) 5,041 1,975 7,016 26 7,042 – 7,042
Other Depreciation Amortization of goodwill 1,390 4 518 – 1,908 4 0 – 1,909 4 – – 1,909 4
(Notes) 1. The “Other” category includes the temporary personnel services, etc.
2. Segment income (loss) is identical to operating profit recorded in the consolidated statements of income.
[Related information]
Fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017) 1. Information by product and service
Information is omitted because the same information is presented in the segment information. 2. Information by geographic area
(1) Net sales
Information is omitted because sales to external customers outside Japan account for less than 10% of net sales on the consolidated statements of income.
(2) Property, plant and equipment
Information is omitted because property, plant and equipment located in Japan constitute more than 90% of property, plant and equipment on the consolidated balance sheets.
3. Information by major customers
Information is omitted because no sales to external customer account for 10% or more of net sales on the consolidated statements of income.
Fiscal year ended February 28, 2018 (March 1, 2017 to February 28, 2018) 1. Information by product and service
17 2. Information by geographic area
(1) Net sales
Information is omitted because sales to external customers outside Japan account for less than 10% of net sales on the consolidated statements of income.
(2) Property, plant and equipment
Information is omitted because property, plant and equipment located in Japan constitute more than 90% of property, plant and equipment on the consolidated balance sheets.
3. Information by major customers
Information is omitted because no sales to external customer account for 10% or more of net sales on the consolidated statements of income.
[Information related to an impairment loss on non-current assets for each reportable segment] Fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017)
(Millions of yen) Reportable segment
Other Total Adjustment Consolidated Apparel
Business
Miscellaneous Goods/Accessories
Business
Subtotal
Impairment loss 593 55 649 － 649 － 649
Fiscal year ended February 28, 2018 (March 1, 2017 to February 28, 2018)
(Millions of yen) Reportable segment
Other Total Adjustment Consolidated Apparel
Business
Miscellaneous Goods/Accessories
Business
Subtotal
18
[Information related to amortization of goodwill and unamortized balance of goodwill for each reportable segment]
Fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017) Not applicable.
Fiscal year ended February 28, 2018 (March 1, 2017 to February 28, 2018)
(Millions of yen) Reportable segment
Other Total Adjustment Consolidated Apparel
Business
Miscellaneous Goods/Accessories
Business
Subtotal
(Goodwill) Amortization for fiscal year
ended February 28, 2018
4 － 4 － 4 － 4
Balance as of
February 28, 2018 85
－ 85 － 85 － 85
(Negative goodwill) Amortization for fiscal year
ended February 28, 2018
－ － － － － － －
Balance as of February 28, 2018
－ － － － － － －
[Information related to gain on bargain purchase for each reportable segment] Fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017) Not applicable.
19 (Per Share Information)
Fiscal year ended February 28, 2017 (March 1, 2016 to February 28, 2017)
Fiscal year ended February 28, 2018 (March 1, 2017 to February 28,
2018)
Net assets per share ¥1,708.72 ¥1,748.96
Basic earnings per share ¥139.60 ¥113.16
(Note) 1. Diluted earnings per share is not presented because there are no residual securities. 2. The basis of calculation is as follows:
(1) Net assets per share
Fiscal year ended February 28, 2017 (March 1, 2016 to February
28, 2017)
Fiscal year ended February 28, 2018 (March 1, 2017 to February
28, 2018) Total net assets on the consolidated
balance sheets (million yen) 37,590 38,475
Net assets applicable to common stock
(million yen) 37,590 38,475
Number of issued shares of common
stock (shares) 23,136,000 23,136,000
Number of treasury shares of common
stock (shares) 1,136,865 1,137,119
Number of shares of common stock used for calculation of net assets per share (shares)
21,999,135 21,998,881
(2) Basic earnings per share
Fiscal year ended February 28, 2017 (March 1, 2016 to February
28, 2017)
Fiscal year ended February 28, 2018 (March 1, 2017 to February
28, 2018) Profit attributable to owners of parent
on the consolidated statements of income
(million yen)
3,071 2,489
Profit attributable to common
shareholders of parent (million yen) 3,071 2,489
Average number of shares of common
stock during the period (shares) 21,999,178 21,999,009
