Earnings Announcement
Presentation Materials
Summary of Recent Financial Results
◆Retail Unit sales
In the first half of the fiscal year under review (March 1 to August 31, 2026), retail unit sales at directly managed stores in Japan were 88,043 (up 4.6% year on year), a record high for a first half. Unit sales were driven by the solid performance of large stores that opened before the fiscal year under review, and robust store traffic and sales at existing large stores overall.
Gross profit stood at 51,991 million yen (up 17.1% year on year). While gross profit per unit for wholesale sales declined due to inventory rationalization through the clearance of slow-moving inventories in the first quarter, gross profit per unit for retail sales increased significantly.
◆Selling, general and administrative expenses
Selling, general and administrative expenses came to 43,219 million yen (up 18.9% year on year). This increase primarily reflects higher rent expenses on land and buildings resulting from the opening of large stores, as well as increased depreciation stemming from capital investments. Additionally, personnel expenses were higher due to the early hiring of new staff in advance of new store openings in the second half of the year and investment in developing CRM and AI systems. Furthermore, there was an increase in the provision of allowance for doubtful accounts due to increased installment sales (Jisharon).
◆Consolidated Results
The consolidated business results were net sales of 318,100 million yen (up 17.7% year on year), operating profit of 8,771 million yen (up 8.6%), ordinary profit of 7,722 million yen (up 5.2%), chiefly due to an increase in interest expenses, and profit attributable to owners of parent of 5,201 million yen (up 6.7%).
