Treasure Factory Co.,LTD.
Earnings Presentation Materials
Revenue 25,891 million yen (YoY +15.3%), operating income 2,330 million yen (YoY +21.5%) with cumulative 2Q landing in a profit increase. Gross profit margin at existing stores rose while inventory turnover was maintained. New openings totaled 37 stores, exceeding the annual plan. Full-year revenue forecast revised to 25,567 million yen, change from prior year +101.3%. Duty-free sales ratio rose to 11.1%. Mid-term plan targets revenue of 71,000 million yen and operating income of 6,300 million yen. Dividends expected at 24 yen interim and 22 yen year-end, totaling 46 yen.
Key Figures
- Revenue: 25,891 million yen (cumulative 2Q), YoY +15.3%
- Operating Income: 2,330 million yen (cumulative 2Q), YoY +21.5%
- Gross Profit Margin: 60.2% (YoY +0.2pt)
- Standalone / Existing-Store Revenue: YoY 105.2%, gross margin 65.9%
- Annual Dividend: interim 24 yen, year-end 22 yen, payout ratio target 30% or higher
AI要約
Earnings Overview
For the cumulative 2Q, revenue reached 25,891 million yen, up 15.3% year-over-year, and operating income reached 2,330 million yen, up 21.5% year-over-year. Gross profit margin was 60.2% (YoY +0.2pt), and standalone existing-store gross margin rose to 65.9% (YoY +1.0pt). New openings totaled 19 stores in the cumulative 2Q, and the annual target of 30–35 stores was exceeded with 37 confirmed openings. Duty-free sales ratio increased to 11.1%, and improvements in profitability were secured while maintaining inventory turnover. The full-year forecast was revised while still anticipating approximately 51.3% capacity for additional openings.
Mid-Term Management Plan and Capital Policy Direction
The mid-term plan sets targets of 71,000 million yen in revenue and 6,300 million yen in operating income in the final year. ROE remains at a high level, balancing shareholder returns and financial soundness. Current capital policy positions share buybacks as part of capital allocation in addition to growth investments and M&A, to be executed flexibly if the share price is at a discounted level. The current dividend payout ratio target is set at 30% or higher.
Revenue Trend
Operating Income Trend
Gross Profit Margin Trend
Segment Revenue Breakdown
Comparison of Full-Year Forecast and Results
Treasure Factory Co.,LTD.
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