Treasure Factory (3093) investor relations material

Executive summary

• Net sales for Q1 FY2027 reached 13.782 billion yen, up 16.4% year-over-year, with operating profit at 1.86 billion yen, up 24.0% year-over-year, and profit attributable to owners of parent up 22.6% to 1.224 billion yen.

• Comprehensive income increased 23.6% year-over-year to 1.237 billion yen for the quarter.

• Full-year forecasts were revised upward due to strong Q1 progress, now projecting net sales of 54.975 billion yen and operating profit of 5.33 billion yen.

• Existing stores have exceeded year-over-year sales for 57 consecutive months.

Financial highlights

• Gross profit for Q1 FY2027 was 8.4 billion yen, up 17.3% year-over-year, with a consolidated gross profit ratio of 60.9% (+0.5 pts YOY).

• Operating profit margin improved to 13.5% (+0.9 pts YOY).

• Earnings per share for Q1 FY2027 rose to 52.23 yen, up 22.6% year-over-year.

• Duty-free sales ratio increased to 12.1% (+0.7 pts YOY).

• Ordinary profit for the quarter was 1.855 billion yen, up 20.9% year-over-year.

Outlook and guidance

• Full-year net sales forecast revised to 54.975 billion yen (+13.1% YOY), operating profit to 5.33 billion yen (+11.6% YOY), and EPS to 151.49 yen.

• Dividend per share forecast raised to 46 yen (+15% YOY), with a payout ratio target of 30% or higher.

• Q2 profit expected to decrease YOY due to front-loaded demand and prior year campaign effects, but strong demand anticipated for the full year.

• Profit attributable to owners of parent for the full year expected to reach 3.551 billion yen, up 12.0%.