PAL GROUP Holdings CO (2726) Q1 2025 earnings summary

Executive summary

• Net sales rose 9.5% year-over-year to ¥51,441 million for the three months ended May 31, 2024, driven by growth in both Apparel and Miscellaneous Goods/Accessories segments.

• Operating profit increased 10.5% year-over-year to ¥6,306 million, and profit attributable to owners of parent grew 3.7% to ¥4,198 million.

• The company continued to expand EC sales, online promotions, and store openings, responding to increased foot traffic and commercial facility activity.

Financial highlights

• Gross profit reached ¥29,269 million, up from ¥26,799 million year-over-year.

• Ordinary profit was ¥6,422 million, a 10.1% increase year-over-year.

• Basic earnings per share were ¥48.36, compared to ¥46.10 in the prior year period (adjusted for stock split).

• Comprehensive income totaled ¥4,206 million, up 3.9% year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥203,500 million, up 5.7% year-over-year.

• Full-year operating profit forecast is ¥20,120 million, up 8.1% year-over-year.

• Profit attributable to owners of parent is projected at ¥12,940 million, a 0.7% increase year-over-year.

• No change to previously announced financial results forecast.