Cross Plus Inc.
For the Fiscal Year Ending January 2027, Second Quarter Financial Results Briefing
Revenue declined year over year. Weakness in apparel wholesale led to lower sales; cost of goods sold rose due to weaker yen and selling, general and administrative expenses increased, resulting in lower profit. Retail remained solid, lifestyle wholesale grew. Full-year guidance assumes a recovery in the second half, maintaining a level comparable to the previous year. Incorporating the consolidated effects of Shields, the company aims for a DOE of 2.5%.
Key Figures
- Revenue: 28,554 million yen (YoY 97.7%)
- Operating income: 232 million yen (YoY +25.0% expected; actual 232, previous year 930)
- Interim net income: 101 million yen (YoY -11.5%)
AI要約
Overview of results
Results show a decline in both revenue and profit year over year. While retail e-commerce remained steady, overall revenue declined due to weak demand from specialty store apparel wholesale. Higher procurement costs from a weaker yen and increased SG&A weighed on profit, and interim net income declined partly due to a drop in gains on sale of marketable securities. By segment, retail and lifestyle wholesale were solid or growing, while apparel wholesale faced challenges. The company outlines a second-half outlook that factors in the consolidated effects of Shields.
Shareholder returns and capital policy
Dividend per share is planned to be raised to 60 yen. The company targets a DOE of 2.5% and aims to increase dividends each year. A treasury stock purchase up to 350 million yen was resolved on September 4. The company seeks to progress the mid-term management plan and strengthen financial soundness. The plan targets net sales of 68.0 billion yen, operating income of 2.0 billion yen, and ROE of 9% or higher, with enhanced cash allocation and shareholder returns.
Cross Plus Co., Ltd.
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