ベガコーポレーション's LOWYA business performed strongly, with revenue for both the cumulative second quarter and standalone second quarter reaching record highs. In response, it raised its full-year earnings and dividend forecasts. Physical-store expansion and stronger e-commerce operations lifted revenue, and trends in GMV and selling, general and administrative expenses were also disclosed.
The second-quarter cumulative and second-quarter earnings highlights for ベガコーポレーション showed continued strength in the LOWYA business, with revenue increasing significantly year on year. Cumulative second-quarter revenue was approximately ¥9,986 million, operating profit was approximately ¥66 million and operating margin was 6.6%, with revenue reaching a record high.
Within the LOWYA business, physical-store openings lifted revenue, and OMO performed strongly by sales channel. The number of physical stores changed from 18 to 20 as of the end of September, while its EC marketplace stores struggled. The direct-sales ratio at physical stores exceeded 70%, reaching 71.5%. Members of its proprietary e-commerce service exceeded 2.6 million, app downloads reached 2.2 million and social media followers exceeded 3 million, all continuing to trend steadily. New products, offline events and influencer initiatives were also introduced.
The transfer of the DOKODEMO business has been decided, but GMV was ¥866 million and revenue was ¥143 million, both down year on year. Asia remained strong by shipping region, while shipments to the United States were showing signs of resuming, although conditions were said to be more difficult than before. スターネット was decided as the transferee.