AS ONE (7476) Q1 2026 earnings summary

Executive summary

• Net sales rose 6.1% year-over-year to 25,637 million yen for the quarter ended June 30, 2025, with operating profit up 14.0% and net profit attributable to owners up 16.3%.

• Gross profit margin improved by 0.7 percentage points, supported by better profitability in long-tail and imported products and growth in the service business.

• Key initiatives included expanding the product database, enhancing EC channels, and relocating the Kyushu Distribution Center to increase capacity.

Financial highlights

• Operating profit reached 3,126 million yen (up 14.0% year-over-year), ordinary profit was 3,279 million yen (up 14.9%), and net profit attributable to owners was 2,279 million yen (up 16.3%).

• Comprehensive income surged to 3,272 million yen, a 244.6% increase year-over-year.

• Basic earnings per share increased to 31.81 yen from 27.36 yen a year earlier.

• Gross profit was 7,880 million yen, with SG&A expenses at 4,754 million yen (SG&A ratio down 0.2 points to 18.5%).

Outlook and guidance

• Full-year net sales forecast is 112,290 million yen (up 8.2% year-over-year), with operating profit projected at 12,290 million yen (up 6.0%) and net profit attributable to owners at 8,750 million yen (up 6.3%).

• No changes to the previously announced earnings forecast as of the end of the first quarter.

• Dividend forecast for FY2026 is 63.00 yen per share, up from 62.00 yen in FY2025.