Tsutsumi Jewelry (7937) Q1 2027 earnings summary

Executive summary

• Revenue increased 3.0% year-over-year to ¥6,313 million, driven by strong sales of gold and platinum jewelry.

• Operating profit declined 45.8% year-over-year to ¥240 million due to a ¥482 million inventory valuation loss from a sharp drop in precious metal prices.

• Net profit fell 41.1% year-over-year to ¥180 million, reflecting the impact of the valuation loss despite solid gross profit excluding this item.

Financial highlights

• Gross profit was ¥2,541 million, down from ¥2,657 million year-over-year.

• Ordinary profit decreased 37.3% year-over-year to ¥299 million.

• EPS for the quarter was ¥11.58, down from ¥19.66 in the prior year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥31,300 million, a projected 11.1% decrease year-over-year.

• Full-year operating profit forecast is ¥4,000 million (down 23.7% year-over-year), with net profit expected at ¥2,800 million (down 24.1%).

• No revisions to previously announced guidance.