World Co., Ltd.
Fiscal Year Ending February 2027 (69th Term) First Half Earnings Presentation
Summary of first-half results for the fiscal year ending February 2027. Revenue was 142,489 hundred million yen, down year-over-year. Operating income was 8,409 hundred million yen, approaching prior-year levels, but weak B2C performance and delayed recovery of some brands remain issues. Contributions from two newly consolidated subsidiaries were positive. Full-year P/L plan is unchanged (assuming recovery in the second half).
Key Figures
- Revenue: 142,489 hundred million yen
- Operating Income: 8,409 hundred million yen
- Net Free Cash Flow: 5,296 hundred million yen
- Vs. prior period: Revenue 99%, Operating Income 105%
AI要約
Overview of Financial Results
Consolidated revenue for the first half was 142,489 hundred million yen, roughly flat year-over-year. Gross profit was 71,578 hundred million yen, and operating income improved to 8,409 hundred million yen. Contributions from newly consolidated subsidiaries Right-on and World Style Labels were positive. However, weak performance in World Apparel impacted overall profitability, making continued MD reforms and efficiency improvements in inventory and SG&A urgent priorities. The full-year plan remains unchanged on the assumption of a recovery in the second half.
Growth Engines and Outlook
Through the VISION-W growth engines (M&A, IP alliances, overseas expansion), we aim to balance profitability and growth. Strengthening the supply chain centered on MC Fashion, leveraging IP such as Narumiya, and expanding overseas are in progress. In the second half, we will promote B2C recovery and structural reforms in B2B to improve ROIC and capital efficiency.
Segment Revenue
Margin Analysis
Guidance vs. Actual
World Co., Ltd.
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