Ryohin Keikaku (7453) Q3 2026 earnings summary

Executive summary

• Operating revenue for the nine months ended May 31, 2026, rose 16.9% year-over-year to ¥690.7B, with operating profit up 36.0% to ¥80.8B and net income attributable to owners up 34.3% to ¥58.5B, driven by strong overseas business and favorable foreign exchange impacts.

• Revenue and profits increased across all business segments, supported by overseas expansion, new store openings, and improved cost controls.

• Comprehensive income surged 131.4% year-over-year to ¥82.2B, reflecting strong operational and non-operational gains.

• The number of stores increased by 51 to 1,463 as of May 2026, with significant growth in East Asia and Asia East/South & Oceania.

• Full-year forecast revised upward for the second time, reflecting strong global performance.

Financial highlights

• Q3 (9 months) operating revenue rose 16.9% YoY to ¥690.7B; operating profit up 36.0% YoY to ¥80.8B; net income attributable to owners of parent rose 34.3% YoY to ¥58.5B.

• Ordinary profit reached ¥82.4B (up 42.5% YoY); comprehensive income was ¥82.2B (up 131.4% YoY).

• Gross profit margin increased by 1.3pp YoY to 52.5%; SG&A/revenue ratio improved by 0.3pp to 40.8%.

• Q3 (3 months) operating revenue up 20.6% YoY to ¥252.2B; operating profit up 53.5% YoY to ¥35.7B; record high operating profit margin of 14.2%.

• Basic EPS was ¥110.22 (reflecting 2-for-1 stock split).

Outlook and guidance

• Full-year forecast revised upward: operating revenue ¥907.0B (+15.6%), operating profit ¥98.0B (+32.7%), net income attributable to owners ¥67.0B (+31.8%), EPS ¥126.19.

• Dividend per share raised to ¥32 following a stock split.

• ROE expected to reach 18.2%; operating margin projected at 10.8% for the full year.

• Overseas business, especially East Asia, expected to continue driving growth.

• Three-year plan targets ¥1T revenue and ¥100B operating profit by FY28/8.