Nishimatsuya Chain (7545) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 5.7% year-over-year to ¥93,515 million, with operating profit up 4.2% to ¥7,024 million and recurring profit up 1.0% to ¥7,203 million; net profit slightly decreased by 0.3% to ¥4,749 million.

• 21 new stores were opened and 10 closed, resulting in 1,120 stores nationwide at period-end.

• Apparel sales were strong due to seasonal demand, and miscellaneous goods such as diapers and baby formula also performed well.

Financial highlights

• Gross profit increased 4.9% year-over-year to ¥32,616 million, despite a lower gross margin due to yen depreciation.

• SG&A expenses rose 5.1% year-over-year to ¥25,592 million, reflecting store network expansion and costs related to new currency issuance.

• Cash and equivalents at period-end were ¥66,677 million, up ¥4,052 million from the previous year.

Outlook and guidance

• Full-year revenue is forecast at ¥188,000 million (up 6.1% year-over-year), with operating profit of ¥14,000 million (up 14.0%), recurring profit of ¥13,600 million (up 11.2%), and net profit of ¥9,384 million (up 14.4%).

• No changes to previously announced full-year guidance.