Workman Co.,Ltd.
[WORKMAN] FY2027 Q2 Earnings Presentation｜Financial Summary
Chain-wide sales grew +20.3% (cumulative 2Q); operating profit rose amid expanded franchise income and higher SG&A. First half delivered record-high profits, though some targets were missed due to weaker summer demand. The FY2027 plan continues to pursue growth. Forward contracts cover 85% of exposures; Colors exclusive sales ratio remains high; expansion of mass-market products is a key driver.
Key Figures
- Chain-wide Sales: 122,145 million yen (YoY +20.3%)
- Operating Income: 18,985 million yen (YoY +31.4%)
- Interim Net Income: 12,198 million yen (YoY +32.2%)
AI要約
Performance Overview
On a cumulative-period basis (see appendix), chain-wide sales expanded steadily by +20.3% year-over-year. Franchise income increased significantly by +24.3%, and gross profit margin improved due to a higher private brand ratio. Contributions from both directly operated and franchise stores expanded; despite higher SG&A, operating income, ordinary income, interim net income and EPS all exceeded the prior year. Although weaker summer demand and adverse weather had an impact, the first half achieved record-high profits.
Plans and Risks Going Forward
The FY2027 plan aims to accelerate sales growth through promotion of mass-market products, expand new store openings including Colors, and revitalize existing stores by leveraging S&B. Forward contracts cover 85% and are managed stably; profits from overseas procurement are maintained and targeted for enhancement due to improved direct-trade ratios. Poor weather and low temperatures that suppress summer demand could prompt revisions to second-half plans, so cautious inventory and promotion planning will continue.
Revenue Trend
Operating Profit Trend
Revenue by Product Category
Guidance vs Actual
Workman Co.,Ltd.
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