Joshin Corporation (8173) Financial Summary for the Second Quarter (Interim) of the Fiscal Year Ending March 2027

Overview of Performance

In the second quarter for the fiscal year ending March 2027, Joshin Corporation reported net sales of 227,461 million yen (YoY +8.1%). Operating income rose to 6,569 million yen and ordinary income to 6,334 million yen, both showing substantial increases, while net income improved significantly to 4,357 million yen compared with the previous period. Full-year forecasts were left unchanged at net sales of 455,000 million yen, operating income of 11,000 million yen, and net income attributable to owners of parent of 5,000 million yen. Dividends are expected to be 50 yen at the end of the first quarter and 50 yen at the end of the second quarter, totaling 100 yen for the full year. The company continues to strengthen its store network through new store openings and store reorganization.

Financial Position and Cash Flows

At the end of the interim period, cash and cash equivalents stood at 129 million yen, total assets were 235,285 million yen, and net assets were 108,915 million yen, resulting in an equity ratio of 46.3%. Operating cash flow was 15,353 million yen, investing cash flow was -1,850 million yen, and financing cash flow was -5,068 million yen, leading to an increase in cash and cash equivalents. A decrease in accounts receivable and an increase in accounts payable boosted cash inflows, while investments in new store openings and repayments of long-term borrowings were cash outflows.