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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Workman
Workman (7564) investor relations material
Workman Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary3 Aug, 2026
Executive summary
Achieved record-high profit for Q1, with both revenue and profit increasing year-over-year for the second consecutive year.
Operating revenue rose 24.7% year-over-year to ¥51,812 million for the quarter ended June 30, 2026.
Net sales at all chain stores reached ¥67,561 million, up 18.6% year-over-year.
Mass Market Products, especially recovery wear, drove sales growth, though June's unfavorable weather caused Q1 sales to fall short of plan.
Store network expansion and product innovation remain key strategic focuses.
Financial highlights
Operating profit grew 33.3% to ¥12,031 million; net income up 34.0% to ¥7,792 million.
EPS increased from 71.28 yen to 95.48 yen year-over-year.
Gross profit margin improved by 1.6 points to 38.3%.
Equity ratio stood at 83.6% as of June 30, 2026.
Total assets were ¥184,523 million, with net assets at ¥154,235 million.
Outlook and guidance
Full-year earnings forecast remains unchanged despite delayed summer demand.
Full-year operating revenue forecast is ¥183,376 million, up 14.0% year-over-year.
FY 3/2027 targets: sales at all chain stores ¥237,970 million (+13.7% YoY), operating profit ¥31,112 million (+8.2% YoY), net income ¥22,329 million (+8.3% YoY).
Annual dividend forecast maintained at ¥89.00 per share.
Plans to open 34 new Colors stores and renovate 200+ stores annually.
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Latest events from Workman
- Record-high profit and double-digit revenue growth with strong FY 2027 outlook.7564
Q4 2026 - Record Q3 profit and double-digit sales growth, driven by recovery wear and store expansion.7564Q3 2026
- Record Q2 profit and double-digit sales growth, with upwardly revised full-year outlook.7564Q2 2026
- Record profit and revenue growth fueled by strong summer sales and expansion.7564Q1 2026
- Revenue and profit rose, with strong outlook and continued store and product expansion.7564Q4 2025
- Sales grew 4.8% YoY, but profit was flat as costs rose; outlook remains positive.7564Q3 2025
Next Workman earnings date
Q2 20279 Nov, 2026
Workman
Next Workman earnings date
Q2 20279 Nov, 2026
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Frequently asked questions
Workman Co. Ltd. is a retail company based in Japan, focusing on a niche market of work-related apparel and accessories. Its product range encompasses a wide variety of items aimed at meeting the needs of workers across different industries. This includes both men's and women's workwear clothing, safety shoes, boots, rain suits, fleece, and a variety of safety equipment like gloves, helmets, and masks. Workman extends its offerings to casual wear, family clothing, and footwear, catering not only to professional requirements but also to everyday wear. The company operates a chain of specialty retail stores throughout Japan, employing a dual approach of franchise stores and directly-operated outlets to distribute its products. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.