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Financial results presentation367APrimo Global Holdings Co.,Ltd.Retail

Earnings Presentation Materials for the Third Quarter of the Fiscal Year Ending August 2026

For the nine months ended Q3, revenue, operating profit and business profit all exceeded the year-earlier period and reached record highs. In Q3 alone, however, gross margin and profit fell below the year-earlier period due to the proportion of products sold before the price revisions and the use of raw materials purchased when precious-metal prices were elevated.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
452
¥ million (increase in operating profit for the nine months ended Q3)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFY ending August 2026, third quarter13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,267 million+13.6%
Operating profit¥2,906 million+18.4%
Ordinary income¥2,605 million +20.6%profit before tax
Net income1,758 Millions of yen +7.0%profit for the period
Gross Profit Margin
Rate60.2% (nine months ended Q3), 57.5% (Q3 alone)
Year on year against the same period last yearDown 4.4 percentage points (nine months), down 7.2 percentage points (Q3 alone)
Operating profit margin
Rate12.5% (nine months ended Q3), 8.5% (Q3 alone)
Year on year against the same period last year+0.5 percentage points (nine months), down 3.8 percentage points (Q3 alone)
Results for the three months of the current quarter
Revenue
¥7,876 million+11.4%
Cost of sales
¥3,349 million+34.3%
Gross profit
¥4,527 million-1.1%
Business profit
¥623 million-23.8%
Operating profit
¥670 million-22.8%
Profit before tax
¥531 million-34.6%
Profit for the period
¥291 million-50.9%
Full-year earnings forecast
Revenue
¥30,000 million
Operating profit
¥3,650 million
Profit before tax
¥3,200 million
Profit for the period
¥2,170 million
Operating profit margin
12.2 %
Profit before income tax margin
10.7 %
Net profit margin
7.2 %
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Revenue77.6%
Operating profit79.6%
Profit before tax81.4%
Profit for the period81.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Full-year profit is expected to be in line with guidance
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company cited elevated precious-metal prices, product price revisions and cost-improvement measures as assumptions and factors. Specific figures such as exchange rates are Not disclosed.
New initiatives
  • Acquired diamond sourcing rights for Lazare Diamond in Japan
  • Relocation and refurbishment of the Quartz Shinsaibashi store
  • Launch of the new GCT and TRANSIT marriage rings
  • Resumption of new store openings in mainland China, with 2 stores opened
  • Bringing forward expansion into Malaysia
  • Promoting digital transformation and using generative AI in store training
  • Development and operation of an AI-powered talent development support system
  • Expansion of eligibility for the shareholder benefit program and enhancement of its benefits
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic customer numbersIncrease year on year
    Year on year against the same period last yearIncreased
  • Domestic average spending per customerIncrease year on year
    Year on year against the same period last yearIncreased
  • Global store count135 Location
  • Existing domestic customers4.2 10,000 customer groups FY25/8
    Year on year against the same period last yearApproximately 39,000 customer groups in FY24/8
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Both domestic customer numbers and average spending per customer increased year on year. Figures are Not disclosed.
Segment results
Domestic
Revenue
¥14,780 million+14.8%
Segment profit
¥2,118 million+10.6%
Overseas expansion
Revenue
¥8,489 million+11.6%
Segment profit
¥788 million+46.1%
Medium-term management plan targets
Target fiscal yearFiscal year ending August 2027
Consolidated revenueCAGR of approximately 5–7% from FY2024/8 to FY2027/8
Consolidated business profitCAGR of approximately 10–15% over the same period; consolidated business profit margin of at least 12% in the fiscal year ending August 2027
ROE13% or more
Financial targets
ROE
TargetAt least 13% (fiscal year ending August 2027)
Actual results10.6%（FY25/8）
Market Size / Share
Domestic bridal jewelry marketCAGR of 9.3% from 2021 to 2025
Wedding ring purchase rateAt least 90%
Quality-conscious consumers in mainland China45%
Number of stores and locations
End of period135 Stores as of the end of May 2026
Openings and closures during the periodOpened 2 new stores in mainland China in April 2026. Preparing to open a store in Malaysia in June 2026. Other store openings and closures are Not disclosed.
Number of employees
Number of Employees1,131 People as of the end of May 2026
Annual Dividend
Annual dividend per share¥120
Breakdown
Interim60
End of period60
Payout ratio
RateBasic policy of at least 40%
Actual results48.4% (FY26/8 forecast)
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY ending August 2026, third quarter
Net Sales¥23,267 million (YoY +13.6%)
Operating profit¥2,906 million (YoY +18.4%)
Ordinary income¥2,605 million (profit before tax) (YoY +20.6%)
Net income1,758 Millions of yen (profit for the period) (YoY +7.0%)
Gross Profit MarginRate 60.2% (nine months ended Q3), 57.5% (Q3 alone) / Year on year against the same period last year Down 4.4 percentage points (nine months), down 7.2 percentage points (Q3 alone)
Operating profit marginRate 12.5% (nine months ended Q3), 8.5% (Q3 alone) / Year on year against the same period last year +0.5 percentage points (nine months), down 3.8 percentage points (Q3 alone)
Results for the three months of the current quarterRevenue ¥7,876 million (YoY +11.4%) / Cost of sales ¥3,349 million (YoY +34.3%) / Gross profit ¥4,527 million (YoY -1.1%) / Business profit ¥623 million (YoY -23.8%) / Operating profit ¥670 million (YoY -22.8%) / Profit before tax ¥531 million (YoY -34.6%) / Profit for the period ¥291 million (YoY -50.9%)
Full-year earnings forecastRevenue ¥30,000 million / Operating profit ¥3,650 million / Profit before tax ¥3,200 million / Profit for the period ¥2,170 million / Operating profit margin 12.2 % / Profit before income tax margin 10.7 % / Net profit margin 7.2 %
Progress against full-year forecastRevenue 77.6% / Operating profit 79.6% / Profit before tax 81.4% / Profit for the period 81.0%
Self-assessment against the planFull-year profit is expected to be in line with guidance
Segment resultsDomestic Revenue ¥14,780 million (YoY +14.8%) / Segment profit ¥2,118 million (YoY +10.6%) / Overseas expansion Revenue ¥8,489 million (YoY +11.6%) / Segment profit ¥788 million (YoY +46.1%)
Key KPIsIndicator name Domestic customer numbers / Value Increase year on year / Year on year against the same period last year Increased, Indicator name Domestic average spending per customer / Value Increase year on year / Year on year against the same period last year Increased, Indicator name Global store count / Value 135 Location / Year on year against the same period last year Not disclosed, Indicator name Existing domestic customers / Value 4.2 10,000 customer groups (FY25/8) / Year on year against the same period last year Approximately 39,000 customer groups in FY24/8
Unit price and quantity metricsBoth domestic customer numbers and average spending per customer increased year on year. Figures are Not disclosed.
Number of stores and locationsEnd of period 135 Stores (as of the end of May 2026) / Openings and closures during the period Opened 2 new stores in mainland China in April 2026. Preparing to open a store in Malaysia in June 2026. Other store openings and closures are Not disclosed.
Number of employeesNumber of Employees 1,131 People (as of the end of May 2026) / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookThe company cited elevated precious-metal prices, product price revisions and cost-improvement measures as assumptions and factors. Specific figures such as exchange rates are Not disclosed.
Medium-term management plan targetsTarget fiscal year Fiscal year ending August 2027 / Consolidated revenue CAGR of approximately 5–7% from FY2024/8 to FY2027/8 / Consolidated business profit CAGR of approximately 10–15% over the same period; consolidated business profit margin of at least 12% in the fiscal year ending August 2027 / ROE 13% or more
Financial targetsROE Target At least 13% (fiscal year ending August 2027) / Actual results 10.6%（FY25/8）
Annual DividendAnnual dividend per share ¥120 / Breakdown Interim 60 / End of period 60
Payout ratioRate Basic policy of at least 40% / Actual results 48.4% (FY26/8 forecast)
Market Size / ShareDomestic bridal jewelry market CAGR of 9.3% from 2021 to 2025 / Wedding ring purchase rate At least 90% / Quality-conscious consumers in mainland China 45%
New initiativesAcquired diamond sourcing rights for Lazare Diamond in Japan, Relocation and refurbishment of the Quartz Shinsaibashi store, Launch of the new GCT and TRANSIT marriage rings, Resumption of new store openings in mainland China, with 2 stores opened, Bringing forward expansion into Malaysia, Promoting digital transformation and using generative AI in store training, Development and operation of an AI-powered talent development support system, Expansion of eligibility for the shareholder benefit program and enhancement of its benefits
Items this document does not state (7)
Selling, general and administrative expensesBreakdown of Factors Affecting the ChangeRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited increases in customer numbers and average spending per customer in its domestic business, and higher revenue in mainland China in its overseas business, as factors behind the increase in cumulative results. Factors behind the decline in profit in Q3 alone included the high proportion of products sold before the April price revisions and the use of raw materials purchased when precious-metal prices remained high. From Q4 onward, the company expects gross margin to improve as the effects of the product price revisions take hold and cost-improvement measures progress.

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Earnings Presentation Materials for the Third Quarter of the Fiscal Year Ending August 2026 | Primo Global Holdings Co.,Ltd. (367A) timely disclosure | Komori