Ryohin Keikaku Reports Strong Quarterly Growth

Ryohin Keikaku Co ( (RYKKF) ) has released its Q1 earnings. Here is a breakdown of the information Ryohin Keikaku Co presented to its investors.

Ryohin Keikaku Co., Ltd., commonly known as MUJI, is a Japanese retail company that designs and sells a wide variety of household and consumer goods, known for its minimalist and environmentally friendly product lines.

Ryohin Keikaku Co. has reported a robust financial performance for the three months ending November 30, 2024, showcasing significant growth in revenue and profits across all business segments. The company continues to expand its store presence both in Japan and internationally, reflecting positive consumer demand and strategic business developments.

Notably, the company’s operating revenue reached 197,690 million yen, marking a 21.3% increase compared to the previous year. Operating profit surged by 58.2% to 21,957 million yen, while ordinary profit rose by 49.0% to 21,290 million yen. The net income attributable to owners of the parent also saw a notable increase of 52.6%, reaching 14,955 million yen. This growth is attributed to strong sales in Japan and the opening of new stores worldwide, contributing to improved profit margins.

Regionally, the Japan business saw a 25.0% rise in operating revenue, while the East Asia business grew by 16.3%. The Asia East/South & Oceania and Europe & Americas segments also reported substantial increases in both revenue and profit, benefiting from strategic store openings and favorable foreign exchange conditions.

Looking ahead, Ryohin Keikaku remains optimistic about its growth prospects, aiming to achieve 1 trillion yen in operating revenue and a 10% operating profit margin globally. The company plans to drive growth through new store openings, enhanced product development, and a focus on ESG initiatives, positioning itself as a leader in sustainable retail practices.