SHIMAMURA (8227) Q3 2025 earnings summary

Executive summary

• Net sales reached ¥497,803 million, up 3.8% year-over-year, with record highs in both sales and income across all domestic and overseas businesses.

• Operating income was ¥46,559 million, a 2.0% increase year-over-year, and net income attributable to owners was ¥33,649 million, up 1.7% year-over-year.

• Earnings per share increased to ¥457.78, reflecting a 2-for-1 stock split.

• Growth was driven by strong private brand (PB) and joint brand (JB) product sales, expanded collaborations, and diversified sales promotions.

Financial highlights

• Gross profit rose to ¥173,480 million, with a stable gross margin of 34.8%.

• SG&A expenses increased 4.8% year-over-year, mainly due to higher personnel, freight, and utilities costs.

• Net income per share was ¥457.78, reflecting a 2-for-1 stock split.

• Cash and deposits, accounts receivable, and marketable securities increased 9.0% year-over-year.

• Comprehensive income for the period was ¥34,157 million, up from ¥33,944 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥659,622 million, up 3.9% year-over-year, with operating profit projected at ¥56,362 million (up 1.9%) and profit attributable to owners of parent at ¥40,194 million (up 1.7%).

• Full-year earnings per share forecast is ¥546.83.

• SG&A expenses are expected to rise 4.8%, with personnel expenses up 6.2%.

• Annual dividend per share is planned at ¥190, up from ¥150 in the previous year.