MatsukiyoCocokara & Co (3088) Q1 2025 earnings summary

Executive summary

• Achieved record-high sales and profits for the first quarter, driven by strong cosmetics sales, cost control, and differentiation strategies.

• Growth supported by increased urban foot traffic, inbound tourism, and new store openings.

• Continued expansion of store network, digital and human capital investment, and M&A/overseas initiatives.

Financial highlights

• Net sales rose 5.3% year-over-year to ¥273.6 billion for the quarter ended June 30, 2025.

• Operating profit increased 14.6% to ¥19.8 billion; EBITDA up 11.5% to ¥25.4 billion.

• Profit attributable to owners of parent grew 10.8% to ¥12.9 billion; basic EPS rose to ¥32.30.

• Gross profit margin improved to 34.5% from 34.4% year-over-year.

• Comprehensive income grew 5.0% year-over-year to ¥12.6 billion.

Outlook and guidance

• No revisions to full-year consolidated earnings forecast; net sales projected at ¥1,100 billion, operating profit at ¥85.5 billion, EBITDA at ¥108.5 billion.

• Full-year profit attributable to owners of parent forecasted at ¥56.5 billion, up 3.3% year-over-year.

• Annual dividend forecast raised to ¥46.00 per share.

• Management notes unpredictability due to macroeconomic and geopolitical risks.