TORIDOLL (3397) Q2 2027 earnings summary

Executive summary

• H1 FY3/27 revenue reached a record ¥145,224m, up 2.4% YoY; business profit rose 4.9% to ¥12,355m.

• Operating profit fell 4.2% to ¥11,867m; attributable net income rose 4.5% to ¥6,236m, with overseas profit growth offsetting lower domestic segment profit.

• H1 results were generally on track against unchanged FY3/27 guidance.

Financial highlights

• Revenue was ¥145,224m versus ¥141,809m in H1 FY3/26; gross profit increased to ¥110,281m from ¥107,505m and SG&A rose to ¥97,926m from ¥95,730m.

• Business profit was ¥12,355m, up ¥581m YoY; operating profit was ¥11,867m, down ¥525m, and attributable net income was ¥6,236m, up ¥268m.

• EBITDA was ¥27,821m, up 4.3%; Adjusted EBITDA was ¥28,070m, up 4.0%, excluding impairment loss and extraordinary expenses.

• Other operating income and expenses shifted from income of ¥617m to expenses of ¥489m; H1 items included lease-cancellation gains, fixed-asset retirement losses and overseas restructuring costs.

Outlook and guidance

• FY3/27 guidance remains unchanged: revenue ¥287.0bn, business profit ¥22.0bn, operating profit ¥17.0bn and attributable net income ¥7.0bn.

• H1 achieved 50.6% of revenue, 56.2% of business profit, 69.8% of operating profit and 89.1% of attributable net income forecasts.

• Full-year segment forecasts: Marugame Seimen revenue ¥146.0bn and business profit ¥23.0bn; Other Domestic ¥43.0bn and ¥4.4bn; Overseas ¥98.0bn and ¥5.6bn.

• Store plan is 180 openings and 92 closures for FY3/27, ending at 2,190 stores; Marugame Seimen plans 45 openings and 55 closures.