ハピネス・アンド・ディ lowered its full-year sales forecast from ¥8.481 billion to ¥8.083 billion, while operating profit fell from a profit to a loss. The company outlined plans to reduce its store count from 88 to 54, increase the gross margin contribution from jewelry, and significantly reduce watch inventory.
ハピネス・アンド・ディ revised its full-year sales forecast for the fiscal year ending August 2026 from ¥8.481 billion to ¥8.083 billion, and revised operating profit downward from a ¥30 million profit to a ¥268 million loss. Ordinary income and net income have also deteriorated, and the bottom-line result is expected to be negative.
The company outlined a policy to reduce its store count from 88 to 54. It also shared plans not only to downsize, but to increase the gross margin contribution from jewelry and reduce watch inventory from ¥700 million to ¥300 million. The company explained that these measures are intended to reduce rent, personnel expenses, and inventory costs.