Retail Partners (8167) Q2 2025 earnings summary

Executive summary

• Revenue increased 6.4% year-over-year to ¥132,833 million for the six months ended August 31, 2024, marking a record high, driven by new store openings and M&A activity.

• Operating profit declined 7.5% year-over-year to ¥3,122 million due to higher procurement and logistics costs, as well as increased investment in personnel and store operations.

• Net income attributable to shareholders decreased 4.3% year-over-year to ¥2,410 million.

• The group advanced its third medium-term management plan, focusing on strengthening existing businesses, group synergies, and digital transformation.

Financial highlights

• Comprehensive income for the period was ¥1,882 million, down 49.4% year-over-year.

• EPS for the period was ¥56.17, compared to ¥58.64 in the prior year.

• Total assets rose to ¥128,680 million, and net assets increased to ¥82,178 million.

• Cash and equivalents at period-end were ¥21,650 million, up ¥2,131 million from the prior year.

Outlook and guidance

• Full-year revenue is forecast at ¥261,800 million (+3.8% YoY), with operating profit of ¥7,100 million (+5.3% YoY) and net income of ¥5,200 million (+10.2% YoY).

• No changes to previously announced guidance.