Tsutsumi Jewelry Co.,Ltd.
Q1 FY2027 Financial Results Summary [Japanese GAAP] (Consolidated)
For the first quarter of FY2027, net sales were 6.313 billion yen, up 3.0% YoY, but operating income was 240 million yen, ordinary income 299 million yen, and quarterly net income attributable to owners of the parent 180 million yen, all below the previous year due to impairment losses from a drop in precious metals prices.
Key Figures
- Net Sales: 6,313 million yen
- Operating Income: 240 million yen
- Ordinary Income: 299 million yen
AI要約
Overview of Performance
In the first quarter of the fiscal year ending March 2027, Tsutsumi booked net sales of 6,313 million yen, up 3.0% YoY, while recording impairment losses due to a sharp drop in precious metals prices, which led to declines in operating income by 45.8%, ordinary income by 37.3%, and quarterly net income by 41.1%. Sales remained strong for jewelry such as necklaces and bracelets made from gold and platinum, but raw material impairment weighed on profits. Going forward, the risk of impairment fluctuations remains depending on precious metals price movements.
Financial Position and Outlook
Total assets are 70,934 million yen with a high net equity ratio of 97.5%. While cash and deposits decreased at quarter-end, the carrying amount of inventories was affected by the mid-period revaluation method, and impairment losses may vary depending on precious metals prices. The full-year earnings outlook, unchanged as of May 2026, remains subject to conversion impact depending on precious metals price movements.
Tsutsumi Co., Ltd.
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