Retail Partners (8167) Q2 2025 earnings summary

Executive summary

• H1 FY2025 operating revenue reached a record ¥132,833m, up 6.4% YoY, driven by store openings, M&A and customer-attraction initiatives.

• Operating income fell 7.5% to ¥3,122m and ordinary profit fell 2.5% to ¥3,764m as procurement, logistics and personnel costs rose.

• Net income attributable to shareholders was ¥2,410m, down 4.3% YoY.

• The FY2025–FY2027 mid-term plan prioritizes strengthening existing businesses, group synergies and digital transformation.

Financial highlights

• Gross profit increased ¥1,072m to ¥30,209m; operating gross profit rose ¥1,634m to ¥35,002m.

• SG&A increased ¥1,888m to ¥31,880m, including a ¥1,317m rise in personnel costs to ¥17,246m.

• Comprehensive income was ¥1,882m, down 49.4%; EPS was ¥56.17 versus ¥58.64 in the prior year.

• Total assets were ¥128,680m and net assets ¥82,178m; period-end cash and equivalents were ¥21,650m, up ¥2,131m YoY.

Outlook and guidance

• FY2025 forecasts remain unchanged: revenue ¥261,800m (+3.8% YoY), operating profit ¥7,100m (+5.3%) and net income ¥5,200m (+10.2%).

• Full-year dividend forecast was maintained at ¥28 per share.

• The FY2025–FY2027 Third Mid-Term Management Plan sets three basic policies and eight priority strategies.