Treasure Factory Co.,LTD. Revises Earnings Guidance for the Six Months Ending August 31, 2024 and Full Year Ending February 28, 2025
July 10, 2024 at 02:00 am EDT
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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.
Treasure Factory Co.,LTD. is a Japan-based company mainly engaged in the operation of reuse shop. The Companyâs main products are second-hand goods that are reused items, including clothing, home appliances, furniture, household goods, branded goods, sports and outdoor goods, musical instruments, hobby goods, among others. The Company operates through six store formats. Treasure Factory handles a variety of reused items. Trefaku Style specializes in clothing and accessories. Brand Collect specializes in used brand clothing. Trefuf Sports specializes in sports outdoor equipment. Uselet specializes in low-cost clothing and accessories and Trefaku Market is a suburban large-scale store that mainly handles home appliances and furniture. The Company is also involved in the sale of products through the internet.