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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7564","jir_company_name":"Workman Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/7564-20261109-02.pdf","jir_short_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.","jir_summary":"### Performance Overview\nOn 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.\n\n### Plans and Risks Going Forward\nThe 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.","jir_financial_highlights":"Chain-wide Sales: 122,145 (Year-over-Year +20.3%)\nTotal Operating Revenue: 93,216 (Year-over-Year +22.4%)\nOperating Income: 18,985 (Year-over-Year +31.4%)\nOrdinary Income: 19,803 (Year-over-Year +33.1%)\nInterim Net Income: 12,198 (Year-over-Year +32.2%)\nEPS: 149 yen47 sen (Year-over-Year +6 sen)","jir_category":"","jir_hashtags":"#WORKMAN, #ShareBuyback, #MassMarketProducts, #Colors, #S&B, #EarningsPresentation","jir_key_figures":"Chain-wide Sales: 122,145 million yen (YoY +20.3%)\nOperating Income: 18,985 million yen (YoY +31.4%)\nInterim Net Income: 12,198 million yen (YoY +32.2%)","jir_meta_title":"[WORKMAN] Earnings Presentation\uff5cQ2 Results and FY2027 Plan","jir_meta_description":"Key points from Workman Co.,Ltd.'s FY2027 Q2 results: substantial chain-wide sales growth, improved private brand ratio, profitability gains driven by mass-market product initiatives, second-half outlook, and forward contract coverage.","jir_og_title":"Workman Co.,Ltd. Earnings Presentation: Q2 Results and FY2027 Plan","jir_og_description":"Chain-wide sales up over +20%, with steady expansion of operating profit. Growth driven by mass-market products and Colors expansion. Overview of second-half plans and risk factors included.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY3\/2026 2Q\\\",\\\"FY3\/2027 2Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Chain-wide Sales\\\",\\\"data\\\":[101574,122145]}]}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Profit Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY3\/2026 2Q\\\",\\\"FY3\/2027 2Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[14444,18985]}]}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Revenue by Product Category\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Private Brand Product Sales\\\",\\\"Other\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Sales\\\",\\\"data\\\":[869,254]}]}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Margin Analysis\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY3\/2026 2Q\\\",\\\"FY3\/2027 2Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Margin\\\",\\\"data\\\":[14.44\/101.574*100, 18.985\/93.216*100]}]}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Guidance vs Actual\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2Q Progress\\\",\\\"Full-year Plan\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Sales\\\",\\\"data\\\":[122145,237970]}]}}\"}]","ir_related_company":7840,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-145631","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n