TPR Co (6463) Q4 2025 earnings summary

Executive summary

• Net sales for the fiscal year ended March 31, 2025, were ¥192.4 billion, down 0.7% year-over-year, with operating profit at ¥11.2 billion, down 10.4%. Profit attributable to owners rose 8.6% to ¥8.8 billion, aided by gains on sale of investment securities.

• Performance was supported by a weaker yen and strong Asian markets, but demand in Japan declined due to external factors and improper certification issues.

• Treasury shares were acquired using proceeds from cross-shareholding sales, and dividends were increased.

Financial highlights

• Net sales decreased to ¥192.4 billion, down 0.7% year-over-year.

• Operating profit fell to ¥11.2 billion, a 10.4% decrease year-over-year.

• Ordinary profit declined by 1.9% to ¥15.7 billion.

• Net income attributable to owners rose 8.6% to ¥8.8 billion, aided by one-time gains.

• Basic earnings per share increased to ¥263.72 from ¥243.07 year-over-year.

Outlook and guidance

• For FY2026, net sales are forecast to decline 4.7% to ¥183.4 billion, operating profit down 16.1% to ¥9.4 billion, and net income at ¥7.3 billion (down 17.0%).

• Dividend forecast maintained at ¥100 per share.

• Risks include yen appreciation, global economic uncertainty, rising costs, and U.S. tariff policies.