JINS HOLDINGS (3046) Q2 2026 earnings summary

Executive summary

• Overseas business and domestic store expansion drove significant profit contribution and global integration, with net sales for the six months ended February 28, 2026, rising 12.7% year-over-year to ¥50,512 million.

• Operating profit decreased 4.3% year-over-year to ¥4,932 million, and profit attributable to owners of parent fell 10.3% to ¥3,393 million, reflecting increased costs and upfront investments.

• The company continued to invest in flagship stores and global expansion, with 825 stores as of period-end (560 in Japan, 265 overseas).

Financial highlights

• 1H FY8/26 sales reached ¥50.5bn, up 12.7% year-over-year; operating profit was ¥4.9bn, down 4.3% year-over-year.

• EBITDA for 1H FY8/26 was ¥6.6bn, a 0.8% increase year-over-year.

• Net income for 1H FY8/26 was ¥3.3bn, down 10.3% year-over-year.

• Gross profit increased to ¥39,884 million from ¥35,094 million year-over-year, with margin improving to 79.0%, up 0.7pt year-over-year.

• EPS for the interim period was ¥145.36, down from ¥162.17 in the prior year.

Outlook and guidance

• Full-year FY8/26 sales forecast revised to ¥110.3bn, down 1.1% from initial guidance; operating profit forecast revised to ¥12.7bn, down 1.7% from initial guidance, with 2H targets maintained.

• Full-year forecast for FY ending August 31, 2026: net sales ¥110,392 million (+13.6%), operating profit ¥12,772 million (+5.6%), profit attributable to owners of parent ¥8,623 million (+3.5%), EPS ¥369.39.

• Annual dividend forecast maintained at 115 yen per share.