Seria (2782) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 7.9% year-over-year to ¥58,115 million, with operating profit up 26.1% and net profit up 29.3%.

• Existing store sales exceeded expectations at 104.7% of the prior year, driven by strong consumer demand.

• Store count at quarter-end was 2,020 (1,984 directly operated, 36 FC), with 25 new openings and 28 closures.

• Focused on cost control, operational efficiency, and system upgrades, including increased self-checkout deployment.

Financial highlights

• Operating margin improved to 6.8% from 5.8% year-over-year due to lower SG&A ratio.

• Gross margin remained flat at 58.8% year-over-year.

• Q1 net income per share was ¥35.50, up from ¥27.45 a year ago.

• Total assets at quarter-end were ¥131,510 million, with net assets of ¥102,082 million.

Outlook and guidance

• No change to previously announced full-year guidance: revenue forecast at ¥232,800 million (+4.3% YoY), net profit at ¥9,950 million (+1.3% YoY).

• Interim and year-end dividends forecast unchanged at ¥35.00 per share each.