Ryohin Keikaku (7453) Q3 2024 earnings summary

Executive summary

• Operating revenue for the nine months ended May 31, 2024, rose 13.7% year-over-year to ¥495,699 million, with net income attributable to owners of parent up 79.4% to ¥33,507 million.

• Growth driven by strong sales at existing stores in Japan, new store openings, and improved gross profit margin from price revisions.

• Store count increased by 87 to 1,275 globally, with 611 in Japan and 664 overseas.

Financial highlights

• Operating profit surged 87.3% year-over-year to ¥42,469 million; ordinary profit up 79.5% to ¥43,326 million.

• Comprehensive income reached ¥59,074 million, a 221.0% increase year-over-year.

• Earnings per share for the nine months was ¥126.66, up from ¥70.77 a year earlier.

• Extraordinary income included a ¥7,943 million gain on sale of non-current assets.

Outlook and guidance

• Full-year forecast revised: operating revenue expected at ¥660,000 million (+13.5%), operating profit at ¥53,000 million (+59.9%), and net income attributable to owners of parent at ¥36,000 million (+63.3%).

• Earnings per share for the full year projected at ¥136.18.

• Annual dividend forecast maintained at ¥40.00 per share.