JINS HOLDINGS (3046) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended November 30, 2024, rose 15.9% year-over-year to ¥21,056 million, driven by new store openings and strong product performance.

• Operating profit increased 83.8% year-over-year to ¥2,003 million, and profit attributable to owners of parent surged 127.3% to ¥1,317 million.

• Domestic eyewear business saw robust growth, with net sales up 19.0% and segment operating profit up 97.6% year-over-year.

• Overseas eyewear business achieved 7.0% sales growth and a 33.1% increase in segment operating profit, with recovery in China and strong performance in Taiwan.

Financial highlights

• Gross profit for the quarter was ¥16,606 million, up from ¥14,347 million year-over-year.

• Ordinary profit reached ¥2,002 million, up 89.5% year-over-year.

• EPS for the quarter was ¥56.44, more than double the ¥24.83 from the prior year.

• Comprehensive income increased 109.4% year-over-year to ¥1,065 million.

Outlook and guidance

• Full-year forecast for FY2025 projects net sales of ¥90,100 million (up 8.6%), operating profit of ¥8,500 million (up 8.5%), and profit attributable to owners of parent of ¥5,230 million (up 11.9%).

• No changes to previously announced forecasts; forward-looking statements are subject to risks from economic and market fluctuations.