Retail Partners (8167) Q1 2025 earnings summary

Executive summary

• Revenue increased 7.5% year-over-year to ¥65,076 million for the first quarter, driven by growth in the supermarket segment and the consolidation of a new subsidiary.

• Operating income declined 10.7% year-over-year to ¥1,597 million due to higher operating costs, including increased payment fees, logistics, and personnel expenses.

• Net income attributable to shareholders was flat at ¥1,271 million, maintaining the previous year's level.

• The company launched its third medium-term management plan, focusing on strengthening existing businesses, digital transformation, and ESG initiatives.

Financial highlights

• Revenue: ¥65,076 million (+7.5% YoY); Operating income: ¥1,597 million (–10.7% YoY); Ordinary income: ¥1,970 million (–1.2% YoY); Net income: ¥1,271 million (+0.0% YoY).

• Comprehensive income rose 20.8% year-over-year to ¥1,748 million.

• EPS for the quarter was ¥29.62.

Outlook and guidance

• No changes to previously announced full-year guidance: revenue forecast at ¥261,800 million (+3.8% YoY), operating income at ¥7,100 million (+5.3% YoY), net income at ¥5,200 million (+10.2% YoY), and EPS at ¥121.10.

• Interim dividend forecast raised to ¥14.00 per share, with full-year dividend expected at ¥28.00 per share.