ARIGATOU SERVICES COMPANY,LIMITED
3177・Standard Market・Retail Trade
Reuse Business
Core business accounting for approximately 78% of group revenue. Operates reuse (secondhand goods) stores domestically and overseas.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Q1 cumulative, FY2027 (ending February 2027)) | ¥2,431 million | ¥2,039 million (Q1 cumulative, FY2026 (ending February 2026)) | ↑ |
| Segment profit (operating income) (Q1 cumulative, FY2027 (ending February 2027)) | ¥516 million | ¥332 million (Q1 cumulative, FY2026 (ending February 2026)) | ↑ |
| Revenue YoY change (same quarter) | up 19.2% | — | ↑ |
| Segment profit YoY change (same quarter) | up 55.4% | — | ↑ |
| Number of stores (end of Q1, FY2027 (ending February 2027)) | 114 stores | 114 stores (end of FY2026 (ending February 2026)) | — |
| Revenue (full year FY2026 (ending February 2026)) | ¥8,551 million | — | ↑ |
| Segment profit (operating income) (full year FY2026 (ending February 2026)) | ¥1,372 million | — | ↑ |
Business Details
Operates "Hard Off," "Off House," "Hobby Off," and "Book Off" stores domestically under franchise agreements with Hard Off Corporation, Book Off Corporation, and others. Also pursues overseas expansion through consolidated subsidiaries MOTTAINAI WORLD CO., LTD. (Cambodia) and MOTTAINAI WORLD (THAILAND) CO., LTD. (Thailand). The main procurement method is cash purchase of secondhand goods, with resale of reused products across a wide range of categories. As of the end of Q1 FY2027 (ending February 2027), the company operated 114 stores in total domestically and overseas.
Recent Overview
Q1 revenue up 19.2% and operating profit up 55.4%, with substantial growth in both. Preparations for a new store in Thailand also progressing.
In Q1 FY2027 (ending February 2027) (March-May 2026), the Reuse Business achieved substantial revenue and profit growth, with revenue of ¥2,431 million (up 19.2% year on year) and segment profit of ¥516 million (up 55.4% year on year). The Hard Off and Book Off businesses focused on personnel development to achieve store operation standards, and preparations for consecutive store openings in the Kyushu region progressed. Overseas, preparations for a new store opening in Bangkok, Thailand are underway. The number of stores remained unchanged from the previous fiscal year-end at 114.
Key Products
Growth Drivers
- Continued rollout of new domestic store openings, centered on cities in Kyushu with a population scale of around 100,000
- Preparations for a new overseas reuse store opening in Bangkok, Thailand (in progress)
- Expansion of the overseas reuse business in Cambodia and Thailand
- Strengthening existing store performance through personnel development to achieve store operation standards
- Improving competitiveness by building stores aimed at becoming the "No. 1 store in the region"
- Establishing systems and structures to support multiple consecutive store openings
Risks
- Risk of delays in securing and training personnel required for new store openings
- Impact on the supply chain from geopolitical risks (prolonged armed conflict in Eastern Europe, escalating tensions in the Middle East)
- Increased procurement costs due to rising energy prices and logistics costs
- Foreign exchange fluctuation risk and country risk in overseas operations (Cambodia, Thailand)
- Risk of declining demand due to sluggish personal consumption amid prolonged inflation and rising domestic interest rates
- Risk of impairment losses
Last updated: May 29, 2026