Seria (2782) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 6.8% year-over-year to ¥190,098 million, with operating profit up 18.1% and net profit up 19.4%.

• Existing store sales exceeded expectations, up 4.1% year-over-year, driven by strong sales of low-cost items.

• Store count reached 2,111 at quarter-end, with 75 new direct stores opened and 35 closed.

Financial highlights

• Operating profit margin improved to 8.2% from 7.4% year-over-year due to lower cost of goods sold and SG&A ratio.

• Gross margin benefited from a 0.3pt decrease in cost of goods sold, mainly from strong sales of low-cost products.

• EPS for the period was ¥154.59, up from ¥117.88 year-over-year.

• Total assets decreased to ¥123,264 million, and net assets to ¥88,698 million, mainly due to share buybacks.

Outlook and guidance

• Full-year revenue forecast raised to ¥250,000 million, operating profit to ¥19,300 million, and net profit to ¥13,000 million, all up from previous guidance.

• Guidance revision reflects stronger-than-expected existing store sales and lower-than-expected costs.

• Full-year EPS forecast raised to ¥193.80.