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Ryohin Keikaku (7453) investor relations material
Ryohin Keikaku Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2026 operating revenue rose 17.7% YoY to ¥923,592 million and operating profit increased 40.1% to ¥103,436 million, both records, supported by overseas growth and a weaker yen.
Growth also benefited from store expansion, product cost reductions and restrained discounting; all regions were profitable.
FY2027 targets revenue above ¥1 trillion and record operating profit for a fourth consecutive year, with a shift toward disciplined global growth investment.
Financial highlights
Gross profit was ¥487.6bn, with gross margin up 1.4pp to 52.8%; operating margin rose 1.8pp to 11.2%.
Ordinary profit increased 44.8% to ¥104,670 million; net income attributable to owners of parent rose 50.3% to ¥76,422 million.
H2 revenue grew 20.5% YoY to ¥485.0bn and operating profit increased 54.7% to ¥58.3bn; Q4 revenue rose 20.3% to ¥232.8bn and operating profit 56.7% to ¥22.6bn.
Outlook and guidance
FY2027 forecast: revenue ¥1,014,000 million (+9.8%), operating profit ¥114,000 million (+10.2%), ordinary profit ¥111,000 million (+6.0%) and net income ¥73,000 million (-4.5%).
FY2027 gross margin is planned at 52.9% and SG&A/revenue at 41.6%; cost reductions and overseas mix are expected to offset less favorable hedged FX and higher raw-material costs.
FY2029 targets are revenue ¥1,298bn, operating profit ¥156bn and 12.0% operating margin; overseas sales are expected to exceed 50% of revenue.
FY2027 segment operating profit plans: Japan ¥69.3bn, East Asia ¥71.5bn, Southeast Asia and Oceania ¥11.0bn, and Europe and North America ¥5.6bn.
- Record profits and strong overseas growth prompted another upward forecast revision.7453
Q3 2026 - Record revenue and profit growth led to raised guidance, a stock split, and higher dividends.7453
Q2 2026 - Record revenue and profit growth driven by overseas expansion and margin gains; outlook strong.7453
Q1 2026 - Record revenue and profit growth with robust global expansion and higher dividends planned.7453
Q4 2025 - Record-high Q3 results and raised outlook driven by strong global sales and margin gains.7453
Q3 2025 - Record FY2024 profit and revenue; FY2025 profit to dip as FX and one-time gains fade.7453
Q4 2024 - Net income surged 79.4% on strong sales and margin gains; full-year outlook raised.7453
Q3 2024 - Record H1 results, raised outlook, and robust global expansion amid economic risks.7453
Q2 2025 - Record Q1 results led to higher full-year and dividend forecasts.7453
Q1 2025
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