Round One (4680) Q4 2025 earnings summary

Executive summary

• FY2025.3 consolidated sales rose 11.2% year-over-year to ¥177.05bn, operating profit up 11.6% to ¥27.00bn, and net profit up 2.3% to ¥16.03bn.

• Ordinary profit increased 12.0% to ¥27.22bn, while comprehensive income declined 18.3% due to negative foreign currency translation adjustments.

• The company will adopt IFRS from FY2026.3 to enhance comparability and management efficiency.

• U.S. expansion continued with 8 new stores opened, and the first U.S. Japanese Food Hall and Delicious Project units set to launch in FY2026.3.

• Company split and transition to a holding company structure on April 1, 2024, caused significant changes in non-consolidated results.

Financial highlights

• Gross profit rose 13.1% to ¥33.43bn, and operating profit margin improved to 15.3%.

• Basic earnings per share increased to ¥59.71 from ¥57.99 year-over-year.

• Cash and cash equivalents at year-end were ¥51.15bn, up from ¥36.46bn.

• Total assets increased to ¥213.66bn from ¥185.46bn year-over-year.

• Dividend per share increased to ¥16.0 for FY2025.3, with a forecast of ¥18.0 for FY2026.3.

Outlook and guidance

• FY2026.3 consolidated sales are projected at ¥193.16bn (+9.1%), with operating profit of ¥31.22bn (+15.6%) and net profit of ¥18.45bn (+15.1%).

• Dividend forecast for FY2026 is ¥18.00 per share, up from ¥16.00 in FY2025.

• Guidance is based on IFRS, not directly comparable to prior Japanese GAAP results.

• 16 new stores planned globally, including 10 in the U.S. and 3 Delicious Project units.