JM Holdings (3539) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended April 30, 2025, increased by 7.4% year-over-year to ¥138,970 million, driven by strong performance in both existing and new stores.

• Operating income rose 1.2% year-over-year to ¥7,527 million, and net income attributable to shareholders increased 8.8% to ¥4,302 million.

• The business environment remains challenging due to rising costs and consumer price sensitivity, but the company benefited from new store openings and steady existing store sales.

Financial highlights

• Gross profit for the period was ¥39,589 million, with a gross margin of 28.5%.

• Operating margin was 5.4%, and net margin attributable to shareholders was 3.1%.

• EPS for the period was ¥167.63, up from ¥148.28 year-over-year.

• Total assets at quarter-end were ¥70,814 million, with net assets of ¥43,212 million.

Outlook and guidance

• Full-year revenue is forecast at ¥180,000 million, up 4.4% year-over-year.

• Operating income is projected at ¥9,900 million (+8.2%), and net income at ¥6,200 million (+13.4%).

• No changes have been made to the previously announced guidance.