SEKIDO CO.,LTD.
9878・Standard Market・Retail Trade
Fashion business
An imported-brand and Korean cosmetics retail business operating directly managed stores centered on the Kanto, Tokai, and Tohoku regions
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥3,928 million | ¥4,122 million | ↓ |
| Segment loss | -¥63 million | -¥1 million | ↓ |
| Segment assets | ¥1,994 million | ¥2,489 million | ↓ |
| Depreciation | ¥36 million | ¥64 million | ↓ |
| Increase in tangible/intangible fixed assets | ¥106 million | ¥232 million | ↓ |
| Impairment loss | ¥270 million | ¥220 million | ↑ |
Business Details
Operates 'GINZA LoveLove,' a specialty store for imported branded fashion goods, and '&choa!,' a select shop for Korean cosmetics and general merchandise, across Tokyo, Kanagawa, Chiba, Saitama, Ibaraki, Gunma, Fukushima, Shizuoka, Aichi, Mie, Gifu, and Kyoto prefectures. The segment sells precious metals, watches, bags, general merchandise, and Korean cosmetics, and also conducts nationwide sales through its e-commerce website. The segment consists of two pillars: store-based retail and e-commerce.
Recent Overview
Both sales and profit deteriorated, with the impairment loss expanding year-on-year to ¥270 million
Fashion segment net sales for FY2026 (ending March 2026) declined to ¥3,928 million (prior period: ¥4,122 million). The segment loss expanded to ¥63 million (prior period: loss of ¥1 million). The impairment loss increased to ¥270 million (post-restatement) (prior period: ¥220 million), reflecting continued deterioration in profitability at existing stores. Segment assets also declined significantly to ¥1,994 million (prior period: ¥2,489 million). These figures are based on the restated financial results announced on May 22, 2026.
Key Products
Growth Drivers
- Expansion of the store network through continuous new openings of '&choa!'
- Improved precision in repeat-visit promotion measures leveraging AI-based customer data analysis, and increased repeat customers
- Expanded sales channels and brand awareness through influencer initiatives and social gifting promotions
- Expanded reach to nationwide and overseas customers through the introduction of cross-border e-commerce (Buyee Connect)
- Strengthened member purchase promotion using the company's own app, SNS, and web flyers
Risks
- Segment loss expanded significantly year-on-year (-¥63 million) due to declining sales and higher costs, with an uncertain outlook for earnings recovery
- Recorded an impairment loss of ¥270 million (post-restatement) in FY2026 (ending March 2026), with additional impairment risk remaining
- Sluggish personal consumption and impact on foot traffic due to soaring prices and prolonged international conflicts
- Rising procurement costs for imported branded goods due to the continuing weak yen
- Intensifying price competition with rivals and changes in the competitive environment in the Korean cosmetics market
Last updated: June 19, 2026