Treasure Factory (3093) Q4 2026 earnings summary

Executive summary

• Net sales reached 48.6 billion yen (+15.1% YOY), and operating profit was 4.8 billion yen (+18.4% YOY), both exceeding record highs and revised forecasts.

• Profit attributable to owners of parent grew 17.0% YOY to 3,171 million yen.

• Comprehensive income reached 3,240 million yen, up 18.2% YOY.

• Existing stores achieved 54 consecutive months of YOY sales growth; 32 new stores opened, meeting annual targets.

• Gross profit ratio at non-consolidated existing stores improved to 64.3% (+0.4 pts YOY), with a notable rise in the second half.

Financial highlights

• Gross profit increased to 28.7 billion yen (+15.3% YOY); operating profit margin rose to 9.8% (+0.2 pts YOY).

• Earnings per share grew to 135.29 yen (+17.0% YOY).

• Duty-free sales ratio increased to 10.7% (+0.8 pts YOY) despite fewer tourists from China.

• Ordinary profit rose 19.0% YOY to 4,857 million yen.

• Total assets grew to 25,479 million yen, with net assets at 12,900 million yen and an equity-to-asset ratio of 50.0%.

Outlook and guidance

• FY2027 forecast: net sales of 54.3 billion yen (+11.7% YOY), operating profit of 5.1 billion yen (+6.0% YOY), and EPS of 144.83 yen (+7.1% YOY).

• Dividend per share projected to rise to 44 yen (+10.0% YOY), with a payout ratio target of 30% or higher.

• Medium-term plan targets 71.0 billion yen net sales and 6.3 billion yen operating profit by FY2029.

• Profit attributable to owners of parent is expected to grow 7.1% to 3,395 million yen.