World Co., Ltd. (TSE: 3612), a Kobe-based apparel manufacturer and retailer with a broad portfolio of women's and men's fashion brands, reported first-quarter results for the three months to May 31, 2026, the opening quarter of its February financial year. Under IFRS, revenue rose 6.7% to ¥74.71 billion, business profit rose 13.0% to ¥7.17 billion, operating profit rose 7.7% to ¥7.29 billion and net profit attributable to owners rose 24.7% to ¥5.45 billion. EPS was ¥71.57, up from ¥64.18 (adjusted for a two-for-one share split effective March 1, 2026).
Brand momentum
The apparel group early-adopted IFRS 18, reporting "business profit" — revenue less cost of sales and SG&A — as its management performance measure. Growth was underpinned by resilient demand across its store and e-commerce channels.
Balance sheet
Total assets stood at ¥277.70 billion, with equity attributable to owners of ¥99.31 billion and an equity ratio of 35.8%.
Dividend and outlook
World guides full-year revenue of ¥300.00 billion (+5.6%), business profit of ¥18.50 billion (+12.3%), operating profit of ¥17.50 billion (+11.5%) and net profit of ¥12.60 billion (+4.9%), for EPS of ¥173.10. The annual dividend is guided at ¥67 (¥31 interim plus ¥36 year-end) on a post-split basis.
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Revenue (¥m) | 74,707 | 70,015 | +6.7% |
| Business profit (¥m) | 7,171 | 6,343 | +13.0% |
| Operating profit (¥m) | 7,293 | 6,774 | +7.7% |
| Net profit attrib. (¥m) | 5,451 | 4,373 | +24.7% |
| EPS (¥) | 71.57 | 64.18 | +11.5% |
| FY2/27 net guidance (¥m) | 12,600 | 12,011 | +4.9% |
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