SHIMAMURA (8227) Q4 2025 earnings summary

Executive summary

• Achieved record-high consolidated net sales of ¥665.3 billion, up 4.8% year-over-year, with operating income of ¥59.2 billion, up 7.1% year-over-year, and net income of ¥41.9 billion, up 4.5% year-over-year.

• Comprehensive income increased to ¥42,041 million from ¥41,282 million year-over-year.

• Growth driven by strong domestic sales, expansion of private and joint brands, and effective cost control.

Financial highlights

• Gross profit rose to ¥230.9 billion, with a gross margin of 34.7%, up 0.3 points year-over-year.

• SG&A expenses increased 5.1% year-over-year, mainly due to higher personnel costs from wage increases.

• Cash and deposits, accounts receivable, and marketable securities increased 9.7% year-over-year; total assets reached ¥567.1 billion.

• Cash and cash equivalents at year-end increased to ¥206,200 million from ¥161,235 million.

• Net assets per share rose to ¥6,815.66.

Outlook and guidance

• FY2/26 forecast: net sales to rise 4.1% year-over-year to ¥692.6 billion, operating income up 2.4% to ¥60.7 billion, and net income up 2.3% to ¥42.9 billion.

• Annual dividend per share expected to increase to ¥205, with a payout ratio of 35.2%.

• Plans to open 52 new stores and close 19, with a net increase of 33 stores and 101 planned renovations.