Gift Holdings (9279) Q4 2025 earnings summary

Executive summary

• Net sales reached 35,878 million yen, up 26.0% year-over-year, with operating profit at 3,367 million yen, up 15.8% year-over-year, and profit attributable to owners of parent up 16.5% to 2,185 million yen.

• Company-owned store openings exceeded targets, with 54 new stores opened versus a goal of 52, and aggressive expansion in Japan and internationally, including China, the U.S., Switzerland, and Southeast Asia.

• Strategic price revisions and measures to address unexpected cost increases in the first half led to improved second-half results, exceeding plan.

• International expansion progressed, though upfront costs and risks related to local market adaptation impacted profits.

• Profit growth was supported by strong flagship brands and new regional expansions.

Financial highlights

• Operating profit margin was 9.4%, slightly below the 10% target, with ordinary profit at 3,374 million yen (up 13.5%) and comprehensive income at 2,278 million yen (up 17.7%).

• ROE reached 23.4%, surpassing the 20% target.

• Dividend payout ratio was 20.1%, meeting the target, with annual dividend per share of 22 yen.

• Profit attributable to owners of parent rose 16.5% year-over-year to 2,185 million yen.

• Basic earnings per share increased to 109.34 yen from 93.98 year-over-year.

Outlook and guidance

• For the fiscal year ending October 31, 2026, net sales are forecast at 43,000 million yen (+19.9%), operating profit at 4,300 million yen (+27.7%), and profit attributable to owners of parent at 2,550 million yen (+16.7%).

• Store count is planned to increase by 118, with 1,019 stores targeted by end of FY2026, including 65 new company-owned stores and a net increase of 54 produced stores.

• Dividend per share is projected to rise to 26.0 yen, maintaining a payout ratio above 20%.

• Medium-term plan targets net sales of 63.0 billion yen and operating profit of 6.3 billion yen by FY2028, aiming for a 50% share of the global ramen market.