PAL GROUP Holdings CO (2726) Q3 2026 earnings summary

Executive summary

• Revenue for the third quarter increased by 15.6% year-over-year to ¥176,352 million, with operating profit up 17.9% to ¥21,540 million and net income attributable to shareholders rising 56.2% to ¥14,000 million.

• The apparel segment saw strong growth due to shorter product cycles and improved inventory management, while the miscellaneous goods segment benefited from higher-value product introductions and store expansion.

Financial highlights

• Gross profit rose to ¥101,327 million from ¥86,155 million year-over-year.

• Operating margin improved, with operating profit at ¥21,540 million (up 17.9% year-over-year).

• Net income per share for the quarter was ¥80.63, reflecting a stock split adjustment.

• Total assets increased to ¥168,395 million, and net assets to ¥82,277 million.

Outlook and guidance

• Full-year revenue is forecast at ¥231,000 million (up 11.2% year-over-year), with operating and ordinary profit both projected at ¥26,400 million (up 11.6% and 10.3%, respectively).

• Net income attributable to shareholders is expected to reach ¥16,850 million (up 42.2% year-over-year), with EPS forecast at ¥97.03 (post-split basis).

• No changes have been made to previously announced guidance.