Round One (4680) Q1 2025 earnings summary

Executive summary

• Consolidated ordinary profit for FY2025.3 1Q rose 24.1% year-over-year to ¥4.95bn, exceeding plan by 15.4%.

• Net sales rose 12.3% year-over-year to ¥40.38bn for the quarter ended June 30, 2024.

• Profit attributable to owners increased 23.5% year-over-year to ¥3.22bn.

• Operating profit increased 25.6% year-over-year to ¥4.88bn.

• Opened new stores in Japan and the USA, with Plaza Bonita (CA) and Gurnee Mills (IL) among recent US additions.

Financial highlights

• Gross profit improved to ¥6.31bn from ¥5.14bn year-over-year.

• Ordinary profit margin improved to 12.3% from 11.1% year-over-year.

• Extraordinary losses decreased to ¥(0.09)bn, mainly from asset retirements.

• Basic earnings per share increased to ¥11.97 from ¥9.59 year-over-year.

• Net assets per share climbed to ¥277.20 from ¥260.59 at the previous year-end.

Outlook and guidance

• FY2025.3 full-year plan targets ¥171.3bn in sales and ¥25.06bn in ordinary profit.

• 13 new store openings planned (8 in the USA, 4 in Japan, 1 in China); total stores to reach 165.

• Ordinary profit margin expected at 14.6% for the year.

• Annual dividend forecast raised to ¥16.00 per share.

• Equipment investment planned at ¥27.29bn, mainly for new and existing stores.