Treasure Factory (TSE: 3093), which runs the "Treasure Factory" and "Treasure Factory Style" chains of reuse (secondhand) stores dealing in apparel, furniture and general goods, reported results for the first quarter of the fiscal year ending February 2027 — the three months from March 1 to May 31, 2026. Sales rose 16.4% to ¥13,782m, operating profit rose 24.0% to ¥1,855m, ordinary profit rose 20.9% to ¥1,855m and net profit attributable to owners rose 22.6% to ¥1,224m. Quarterly EPS was ¥52.23, up from ¥42.61.
Reuse demand lifts sales and profit
Growth was driven by new store openings and firm demand for secondhand goods, as rising cost-consciousness among consumers and the growing popularity of reuse continued to draw shoppers; existing stores also traded well. The gains flowed through the income statement, with comprehensive income up 23.6% to ¥1,237m. The reuse retailer has been expanding its store network across both its core "Treasure Factory" general-reuse format and the fashion-focused "Treasure Factory Style" chain.
Balance sheet and dividend
At May 31, 2026, total assets stood at ¥27,317m and net assets at ¥13,664m, for an equity ratio of 49.3%. The company revised its dividend forecast upward, guiding an interim payout of ¥24.00 — up from ¥19.00 a year earlier. Treasure Factory paid a total of ¥46.00 per share for the fiscal year ended February 2026.
Full-year guidance raised
Treasure Factory lifted its full-year forecast for the year ending February 2027, guiding sales of ¥54,975m (+13.1%), operating profit of ¥5,333m (+11.6%), ordinary profit of ¥5,332m (+9.8%) and net profit of ¥3,551m (+12.0%), for EPS of ¥151.49. For the first half it expects sales of ¥25,567m (+13.9%), operating profit of ¥2,154m (+12.2%), ordinary profit of ¥2,157m (+10.0%) and net profit of ¥1,388m (+12.1%). The first-quarter operating profit represents about 35% of the full-year target.
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Sales (¥m) | 13,782 | 11,843 | +16.4% |
| Operating profit (¥m) | 1,855 | 1,496 | +24.0% |
| Ordinary profit (¥m) | 1,855 | 1,534 | +20.9% |
| Net profit attrib. (¥m) | 1,224 | 998 | +22.6% |
| EPS (¥) | 52.23 | 42.61 | +22.6% |
| Equity ratio | 49.3% | 50.0% | −0.7pp |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.