Seria (2782) Q2 2026 earnings summary

Executive summary

• Achieved record-high revenue for the period, with operating profit and net profit also increasing year-over-year.

• Revenue for the six months ended September 2025 rose 4.7% year-over-year to ¥121,382 million, with operating profit up 9.2% and net profit up 11.0%.

• Existing store sales rose 2.1% year-over-year, maintaining positive momentum despite a high prior-year comparison, and exceeded expectations at 102.1% of the prior year.

• Store count at period-end was 2,092 (2,057 directly operated, 35 franchise), with 45 new openings and 25 closures, focusing on profitability and operational efficiency.

• Focused on cost control, operational streamlining, and strengthening relationships for new store openings.

Financial highlights

• Revenue for the first half of FY2026 was ¥121,382 million, up 4.7% year-over-year.

• Operating profit reached ¥8,351 million, up 9.2% year-over-year; operating margin improved to 6.9% from 6.6%.

• Ordinary profit was ¥8,443 million (+9.6% YoY), and net profit was ¥5,652 million (+11.0% YoY).

• Gross margin improved as cost of sales ratio decreased by 0.3 points year-over-year to 58.5%.

• SG&A ratio remained flat year-over-year.

Outlook and guidance

• Full-year FY2026 revenue forecast is ¥245,550 million, up 3.9% from the previous year, with operating profit forecast at ¥16,900 million (6.9% margin).

• Net profit forecast raised to ¥11,400 million (4.6% margin), with EPS projected at ¥169.94.

• Existing store sales expected to grow 1.2% for the full year.

• Upward revision reflects stronger-than-expected existing store sales and lower-than-expected costs.