Nishimatsuya Chain (7545) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended November 20, 2024, increased by 4.4% year-over-year to ¥142,202 million, driven by strong sales in both apparel and miscellaneous goods.

• Operating profit decreased by 2.6% year-over-year to ¥10,541 million, and net profit declined by 5.3% to ¥7,169 million, mainly due to higher costs and lower gross margin.

• 37 new stores were opened and 15 closed, resulting in a total of 1,131 stores nationwide at the end of the period.

Financial highlights

• Gross profit rose 3.0% year-over-year to ¥49,416 million, but gross margin declined due to yen depreciation.

• SG&A expenses increased by 4.6% year-over-year to ¥38,874 million, reflecting store expansion and costs related to new currency issuance.

• EPS for the period was ¥119.39, down from ¥126.17 in the prior year.

Outlook and guidance

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

• No changes have been made to the previously announced full-year guidance.