Treasure Factory Co.,LTD. revised earnings guidance for the six months ending August 31, 2024 and full year ending February 28, 2025. For the six months, the company expects net sales of JPY 19,810 million, operating income of JPY 1,785 million and profit attributable to owners of parent of JPY 1,165 million or JPY 49.73 per share against previous guidance of net sales of JPY 19,169 million, operating income of JPY 1,533 million and profit attributable to owners of parent of JPY 1,057 million or JPY 45.15 per share.

For the full year, the company expects net sales of JPY 41,862 million, operating income of JPY 4,041 million and profit attributable to owners of parent of JPY 2,723 million or JPY 116.23 per share against previous guidance of net sales of JPY 40,562 million, operating income of JPY 3,712 million and profit attributable to owners of parent of JPY 2,466 million or JPY 105.35 per share.

Reason: During the three months ended May 31, 2024, the results surpassed the plan with consolidated sales at 124.9% year on year, the ordinary income ratio improving further year on year, and operating income, ordinary income, and profit attributable to owners of parent all at over 130% year on year. Even in the six months ending August 31, 2024, sales of existing stores in June was 112.8%, exceeding the plan. In the six months ending August 31, 2024, and beyond, with wage increase, relocation, and expansion of various bases and other factors, additional selling, general and administrative expenses are expected to occur. However, considering the trends in June, both purchasing and selling are expected to remain strong during the six months ending August 31, 2024, and beyond. As a result, the forecasts have been revised upward.