Treasure Factory (3093) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 revenue of ¥11.8 billion (up 14.8% YoY) and operating profit of ¥1.5 billion (up 10.9% YoY), both surpassing previous records and exceeding plan.

• Net income attributable to shareholders rose to ¥998 million (up 8.2% YoY).

• Existing store sales grew for the 45th consecutive month, with Q1 cumulative growth at 104.4% YoY and a 4.4% YoY increase.

• New store openings are progressing as planned, with 8 new directly operated stores and 2 franchise stores opened in Q1, bringing the total to 300 stores.

• The reuse market continued to expand, driven by sustainability awareness and inflation-induced demand.

Financial highlights

• Gross profit increased to ¥7.2 billion (up 13.9% YoY), with a gross margin of 60.4%.

• Operating profit for Q1 was ¥1,496 million, up 10.9% YoY; ordinary profit was ¥1,534 million, up 12.4%.

• EPS for Q1 was ¥42.61, up 8.1% YoY.

• Comprehensive income for Q1 was ¥1,001 million, up 7.8% YoY.

• Inventory increased to ¥8.6 billion, maintaining a balance between inventory efficiency and sales growth.

Outlook and guidance

• Full-year revenue forecast is ¥46.2 billion (up 9.8% YoY), with operating profit projected at ¥4.4 billion (up 9.6% YoY).

• Net income forecast is ¥3.0 billion (up 11.0% YoY), with an annual dividend of ¥39 per share planned.

• Progress toward annual targets is on track, with Q1 revenue and profit at 26% and 34% of full-year forecasts, respectively.