Nishimatsuya Chain (7545) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 6.3% year-over-year to ¥49,746 million, with operating profit up 6.7% to ¥4,950 million and net profit up 7.4% to ¥3,450 million.

• Store network expanded to 1,120 locations nationwide after 16 new openings and 5 closures during the quarter.

• Apparel sales were strong due to seasonal demand, and non-apparel categories like diapers and baby formula also performed well.

Financial highlights

• Gross profit increased to ¥17,787 million, up from ¥16,741 million year-over-year.

• SG&A expenses rose 6.1% to ¥12,836 million, reflecting active store expansion and preparations for new currency issuance.

• Operating margin remained stable, with operating profit at ¥4,950 million (6.7% increase year-over-year).

• EPS for Q1 was ¥57.49, up from ¥53.50 in the prior year.

Outlook and guidance

• No changes to previously announced forecasts: full-year revenue expected at ¥188,000 million (+6.1%), operating profit at ¥13,600 million (+14.0%), and net profit at ¥9,384 million (+14.4%).

• Interim and year-end dividends are forecast at ¥14.00 and ¥15.00 per share, respectively.