Honeys Holdings Co., Ltd.
Q1 Financial Summary for the Fiscal Year Ending May 2027 [Japanese GAAP] (Consolidated)
Net sales of approximately 12.9 hundred million yen, down 6.7% year-over-year. Operating income was about 59 million yen, ordinary income about 69.33 million yen, and quarterly net income attributable to owners of parent was about 37.55 million yen. Full-year earnings guidance is unchanged. Production through the Myanmar subsidiary is maintained while cost increases have become apparent. EC traffic increased but conversion rates declined. Domestic stores numbered 859 (scrap-and-build continues).
Key Figures
- Net Sales: 12,968,682 thousand yen (Year-over-Year -6.7%)
- Operating Income: 590,051 thousand yen (Year-over-Year -51.1%)
- Quarterly Net Income Attributable to Owners of Parent: 375,472 thousand yen (Year-over-Year -52.6%)
AI要約
Overview of Results
Consolidated net sales for the first quarter were 12,968,682,000 yen, down 6.7% year-over-year. Operating income declined to approximately 590,051,000 yen, ordinary income to approximately 693,304,000 yen, and net income to approximately 375,472,000 yen. Gross profit margin was around 58.9%, roughly flat to slightly lower compared with the previous period. Cost increases were driven by higher procurement costs and the weaker yen. Domestic store count is trending down to 859 stores, while the Myanmar operation maintains production capacity to ensure stable supply. EC saw increased traffic but a decline in conversion rates.
Outlook and Key Considerations
Full-year forecasts remain unchanged from prior guidance. Foreign exchange and raw material trends, weather and seasonal product performance, and consumer cost-conscious behavior are expected to continue affecting results. The company will continue store network optimization through scrap-and-build. While maintaining production ratios at ASEAN bases including Myanmar to secure stable supply, controlling rising costs remains a focal point. Improvements to EC usability and strengthened promotions will continue.
Honeys Holdings Co., Ltd.
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