JINS HOLDINGS (3046) Q4 2025 earnings summary

Executive summary

• Achieved record-high sales and profits, with consolidated sales up 17.1% year-over-year to ¥97.2bn and operating profit up 54.3% to ¥12.0bn, driven by strong domestic store performance and higher unit prices.

• Net income increased 78.3% year-over-year to ¥8.3bn, with profit attributable to owners of parent surging 78.3%.

• Store count reached 789 globally, with 540 in Japan and 249 overseas, including a pilot store in the US and expansion into Mongolia and Vietnam.

• SG&A expenses increased with business growth, but the SG&A ratio declined, supporting higher profit margins.

• Strong same-store sales growth in Japan (+16.5%) and significant overseas contributions, especially from Taiwan and improved profitability in China.

Financial highlights

• Gross profit rose 17.6% year-over-year to ¥75.8bn, with a gross margin of 78.0%.

• Operating margin improved to 12.4% from 9.4% the previous year.

• EBITDA reached a record ¥15.1bn, up 39.2% year-over-year.

• Earnings per share increased to ¥356.89 from ¥200.17.

• Full-year dividend increased to ¥109, up 78.7% year-over-year.

Outlook and guidance

• FY8/26 sales forecasted at ¥111.6bn (+14.8%), operating profit at ¥13.0bn (+7.5%), and net income at ¥8.8bn (+5.9%).

• Gross profit margin expected to improve to 79.3%.

• Focus on globalization, new flagship store in Ginza, and expansion into Mongolia, Vietnam, and the Philippines.

• Strategic costs will temporarily compress Japan segment profits, while overseas profit contribution is set to grow.

• Dividend forecast raised to ¥115, maintaining a payout ratio of ~30%.