TORIDOLL (3397) Q2 2026 earnings summary

Executive summary

• Revenue reached ¥141.8 billion for the interim period, up 6.0% YoY, setting a new record; business profit was ¥11.8 billion, and operating profit ¥12.4 billion (+64% YoY), both record highs.

• Net profit attributable to owners was ¥6.0 billion (+113% YoY), also a record high.

• Marugame Seimen and Other Domestic segments achieved record interim revenue and profit; Overseas segment profit rose despite a 2.8% revenue decline due to franchising and store closures.

• Significant other operating income from insurance proceeds and lease cancellations; loss on sale of MC GROUP PTE. LTD. impacted other expenses.

• Full-year earnings forecast remains unchanged due to potential H2 impairment losses and slow UK recovery.

Financial highlights

• Consolidated revenue up 6.0% YoY to ¥141.8 billion; business profit up 22.8% to ¥11.8 billion; operating profit up 64.0% to ¥12.4 billion.

• EBITDA for the period was ¥26.7 billion (+9.3% YoY); Adjusted EBITDA ¥27.0 billion (+7.4% YoY).

• Net profit attributable to owners increased 113.3% YoY to ¥6.0 billion; basic EPS rose to ¥65.84 from ¥29.84 YoY.

• Cost of sales ratio increased to 24.2%; SG&A ratio improved to 67.5%.

• Cash flows from operating activities increased 45.1% to ¥27.7 billion; investing and financing outflows rose.

Outlook and guidance

• Full-year revenue forecast at ¥282.0 billion (+5.1% YoY); business profit forecast at ¥19.6 billion (+7.7% YoY); operating profit forecast at ¥14.6 billion (+68.3% YoY); net profit forecast at ¥5.5 billion (+193.5% YoY).

• No revision to previously disclosed forecasts, citing delays in store openings, UK market recovery, and potential impairment losses in H2.

• Overseas segment expected to continue profit growth; Fulham's recovery to remain slow.

• Store opening plans revised downward due to slower progress in site selection.