MTG (7806) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months to June 30, 2026, surged 46.3% year-over-year to ¥102,486 million, with operating profit up 35.8% to ¥12,667 million, driven by strong core brand performance and aggressive new product launches.

• Profit attributable to owners of parent rose 67.7% to ¥9,739 million, and comprehensive income increased 64.6% to ¥10,289 million.

• Gross profit margin expanded sharply to 65%, reflecting improved brand strength, successful new product introductions, and cost optimization.

• Retail Stores segment led growth, up 83% year-over-year, with significant contributions from inbound tourism and mass premium sales.

• New product launches reached a record 218 in Q3, with new products accounting for 63% of revenue in the nine-month period.

Financial highlights

• Gross profit for the nine months ended June 30, 2026, was ¥66,354 million (+52% YoY); operating profit: ¥12,667 million (+35.8% YoY); net profit attributable to owners: ¥9,739 million (+67.7% YoY).

• Q3 revenue rose 54% YoY to ¥36,000 million; Q3 operating profit up 35% YoY to ¥2,600 million.

• Basic earnings per share for the period was ¥247.66, compared to ¥147.54 in the prior year.

• Total assets increased to ¥104,018 million as of June 30, 2026, from ¥75,199 million as of September 30, 2025.

• SG&A expenses increased 56% YoY, reflecting continued investment in growth, especially branding and marketing (+94% YoY).

Outlook and guidance

• Full-year FY2026 guidance revised upward: revenue forecast raised to ¥142,000 million (+43.7% YoY), operating profit to ¥16,000 million (+50% YoY), and net profit to ¥11,000 million (+38.6% YoY).

• Basic earnings per share forecasted at ¥279.66 for the full year.

• Q4 revenue expected at ¥39,500 million (+37% YoY), with continued investment to support future growth.

• Dividend forecast increased to ¥37.00 per share, up ¥4 from previous guidance, targeting consistent annual dividend growth.