Treasure Factory (3093) Investor presentation summary

Strategic growth initiatives

• Expand reuse business by opening 30–40 new stores annually, serving both physical and online sales.

• Invest in synergistic peripheral businesses and new ventures aligned with management philosophy.

• Pursue aggressive M&A to complement and enhance group synergies.

• Accelerate overseas expansion beyond Thailand, Taiwan, and the U.S.

• Drive digital transformation and innovation through internal system development and AI.

Financial targets and projections

• Target net sales of ¥71.0 billion and operating profit of ¥6.38 billion by FY2029.

• Plan to open 35–40 stores per year from FY2027 to FY2029.

• Maintain operating profit ratio near 9–10% and annual EPS growth of over 10%.

• Dividend payout ratio targeted at 30% or higher, with dividends rising to ¥55 per share by FY2029.

• Rolling forecast approach allows for annual updates and revisions based on performance.

Capital allocation and funding

• Plan to raise ¥18–19 billion over three years via operating cash flows and bank loans.

• Allocate ¥9.5–11.0 billion for new store investments and ¥5.0 billion for financial soundness.

• Total dividends over three years estimated at ¥3.3 billion.

• About 40–50% of growth investments to be financed through debt to maintain leverage.

• Treasury share purchases to be conducted based on stock price and cash position.