Ryohin Keikaku (7453) Q4 2024 earnings summary

Executive summary

• Achieved record-high operating revenue and profits for the fiscal year ended August 31, 2024, with strong growth in Japan and overseas store expansion.

• Net income attributable to owners of parent surged 88.5% year-over-year, supported by improved gross margins and proceeds from the sale of the head office.

• Store count increased by 117 to 1,305 globally, with significant new openings in Japan and East Asia.

Financial highlights

• Operating revenue: ¥661,677 million, up 13.8% year-over-year.

• Operating profit: ¥56,135 million, up 69.4% year-over-year.

• Net income attributable to owners of parent: ¥41,566 million, up 88.5% year-over-year.

• EPS: ¥157.10, up from ¥83.51 in the prior year.

• Comprehensive income: ¥40,123 million, up 24.0% year-over-year.

Outlook and guidance

• FY2025 forecast: Operating revenue ¥734,000 million (+10.9%), operating profit ¥55,000 million (-2.0%), net income attributable to owners of parent ¥38,000 million (-8.6%), EPS ¥143.55.

• Profit expected to decline due to absence of FX tailwinds and one-time gains, but underlying profit growth anticipated excluding these effects.