Treasure Factory (3093) Q2 2026 earnings summary

Executive summary

• Net sales and operating profit for the first six months grew over 10% year-over-year, reaching record highs for both metrics, with net sales at ¥22.45 billion (+14.5% YOY) and operating profit at ¥1.92 billion (+10.0% YOY).

• Existing stores achieved 48 consecutive months of year-over-year sales growth, with a 104.3% YOY increase in the first half.

• 18 new directly-managed stores and 2 franchise stores opened, bringing the total to 310 stores across the group.

• 30th anniversary campaigns and other initiatives contributed to strong sales and purchase activity.

Financial highlights

• Net sales: ¥22.45 billion (+14.5% YOY); operating profit: ¥1.92 billion (+10.0% YOY); ordinary profit: ¥1.96 billion (+11.5% YOY); net profit attributable to owners: ¥1.24 billion (+8.2% YOY); comprehensive income: ¥1.27 billion (+8.8% YOY).

• Gross profit: ¥13.46 billion (+14.0% YOY); gross profit ratio: 60.0% (-0.2 pts YOY).

• Earnings per share: 52.84 yen (+8.1% YOY).

• Total assets increased to ¥22.30 billion, and net assets to ¥11.36 billion.

• Operating cash flows decreased due to a temporary increase in inventory, but inventory is expected to be sold in the second half.

Outlook and guidance

• FY2026 full-year forecast: net sales ¥46.25 billion (+9.6% YOY), operating profit ¥4.42 billion (+9.5% YOY), ordinary profit ¥4.44 billion (+8.8% YOY), net profit attributable to owners ¥3.01 billion (+11.0% YOY), EPS 128.37 yen.

• Dividend per share forecast: 39.00 yen (+8.3% YOY), payout ratio 30.4%.

• Plans to open 30-35 stores in FY2026, with 31 already finalized.

• Overseas expansion to the US announced, aiming for first store in FY2027.