Treasure Factory Co., Ltd. · TSE:3093
Treasure Factory — Q1 FY2027 Earnings Presentation
57 slides from Treasure Factory's earnings presentation, Jul 21, 2026
Slide 1: Presentation Materials
TSE Prime Market Securities Code: 3093 Treasure Factory Co., Ltd. Presentation Materials Fiscal Year Ending February 2027 Three Months Ended May 31, 2026 (March 2026 to May 2026) July 9, 2026
Slide 2: Summary of Financial Results
Summary of Financial Results • Achieved net sales of 13.7 billion yen (116.4% YOY) and operating profit of 1.8 billion yen (124.0% YOY) Full-year forecasts were revised Progress of operating profit against full-year performance forecast (before revision) was 37% (31% in FY2026 Q1) 1 upward in light
Slide 3: Contents
Treasure Factory Yame Store Contents 1. Summary of Financial Results 2. Performance and Dividends Forecasts 3. Medium-Term Management Plan 4. Sustainability References 1) Business Model and the Company’s Strengths 2) Measures to Actualize Management that is Conscious of Cost of Capital and Stock Pri
Slide 4: Consolidated Profit and Loss Statements (PL)
1. Summary of Financial Results Consolidated｜Profit and Loss Statements (PL) Gross profit increased significantly thanks to strong sales and a rise in gross profit margin, while SG&A expenses went as planned, leading to a significant increase in operating profit (million yen) Performance forecasts F
Slide 5: Consolidated Balance Sheets (BS)
1. Summary of Financial Results Consolidated｜Balance Sheets (BS) Strong sales and purchases in Q1. Inventory will be utilized for sales in Q2 and beyond (million yen, % shows composition ratio) End of FY2026 End of FY2027 Q1 Increase/decrease Increase/decrease factors Current assets 16,827 18,450 +1
Slide 6: Consolidated Quarterly Results
1. Summary of Financial Results Consolidated｜Quarterly Results Net sales Operating profit (million yen) FY2025 FY2026 FY2027 (million yen) FY2025 FY2026 FY2027 13,782 14,000 2,000 1,855 13,398 1,800 Operating profit grew +24% YOY thanks to a 12,000 12,745 significant increase in gross profit 11,843
Slide 7: Consolidated Net Sales Fluctuation Analysis
1. Summary of Financial Results Consolidated｜Net Sales Fluctuation Analysis (million yen) 14,000 +189 -123 +105 +412 +1,356 Growth in net sales was driven mainly by an 12,000 increase in revenue from existing stores and stores opened in previous FY 10,000 • Non-consolidated existing stores performed
Slide 8: Consolidated Purchases and Sales by Category
1. Summary of Financial Results Consolidated｜Purchases and Sales by Category (million yen) Purchases Sales First 3 Composition First 3 Composition Year on year Year on year months ratio months ratio Household 266 4.3% 103.5% 678 5.1% 112.4% items Both purchases and sales were steady Apparel 2,592 42
Slide 9: Gross Profit, Gross Profit Ratio, and Inventory Turnover for the Past 4 Years
1. Summary of Financial Results Consolidated｜Gross Profit, Gross Profit Ratio, and Inventory Turnover for the Past 4 Years (million yen) (cost of sales ÷ average inventories during the period) Gross profit Gross profit ratio Inventory turnover 10,000 70% 60.4% 60.9% 62.7% 60% 60.9% 8,000 Gross profi
Slide 10: Non-consolidated Gross Profit Ratio from Existing Stores for the Past 4 Years
1. Summary of Financial Results Non-consolidated｜Gross Profit Ratio from Existing Stores for the Past 4 Years Driven by improved pricing resulting from changes to the purchasing coupon program implemented in FY2026 Q3, the gross profit margin of non-consolidated existing stores shifted to an upward
Slide 11: Consolidated Operating Profit Fluctuation Analysis
1. Summary of Financial Results Consolidated｜Operating Profit Fluctuation Analysis (million yen) Continuing profit growth from existing stores 2,000 -71 -35 and stores opened in the previous fiscal year -150 +60 1,800 +555 • Non-consolidated existing stores performed particularly well 1,600 • Impact
Slide 12: Consolidated SG&A Expenses (Itemization)
1. Summary of Financial Results Consolidated｜Selling, General, and Administrative Expenses (Itemization) SG&A expenses remained in line with the plan despite a significant increase in revenue, resulting in a 0.3 pt decrease in the SG&A expense ratio (million yen, % shows sales ratio) FY2026 FY2027 F
Slide 13: Changes in KPIs—Summary
1. Summary of Financial Results Changes in KPIs—Summary Non- YOY sales from existing stores First 3 months: 106.6% YOY: 104.4% (+2.2 pts) consol Trends in demand and indicator of business growth While results did not reach target (YOY 102%) in March, sales significantly exceeded target in May, idate
Slide 14: Changes in KPIs: Existing Stores, YOY Sales
1. Summary of Financial Results Changes in KPIs ｜(Non-consolidated) Existing Stores, YOY Sales 115% FY2026 Exceeded 100% YOY for 57 FY2027 consecutive months 112.7% 111.4% • Exceeded planned assumptions (YOY 102%) in Q1, achieving YOY 106% 110% • Number of Saturdays, Sundays, and national holidays i
Slide 15: Changes in KPIs: Progress of New Store Openings
1. Summary of Financial Results Changes in KPIs｜(Consolidated) Progress of New Store Openings (Finalized / minus (-) shows stores closed) Q1 Q2 Q3 Q4 Full Business category Finalized Finalized Finalized year Successful progress in opening of Treasure Factory new stores 2 stores + +3 stores +3 stores
Slide 16: New Business Category TreFac Anime Lab
1. Summary of Financial Results (New store opening) New Business Category “TreFac Anime Lab” Opened the first store in Tachikawa-shi, Tokyo Business category specializing in anime & character goods • On June 18, the first store opened, and its initial performance has been as expected • Going forward
Slide 17: Performance of Group Companies
1. Summary of Financial Results Performance of Group Companies Kindal Net sales increased +14.0% YOY to ¥2.12 billion, continuing revenue and profit growth. Reuse business specializing in branded used While sales growth from inbound tourists is gradually leveling off, performance continued to exceed
Slide 18: Contents
Treasure Factory Style Yokohama Tsuzuki Store Contents 1. Summary of Financial Results 2. Performance and Dividends Forecasts 3. Medium-Term Management Plan 4. Sustainability References 1) Business Model and the Company’s Strengths 2) Measures to Actualize Management that is Conscious of Cost of Cap
Slide 19: FY2027 Performance Forecasts
2. Performance and Dividends Forecasts FY2027 Performance Forecasts Revised full-year forecasts upward to net sales of 54.9 billion yen (+13.1% YOY) and operating profit of 5.3 billion yen (+11.6% YOY), reflecting the strong progress in Q1. (million yen) Full-year forecast Vs. previous forecast FY20
Slide 20: Progress Against Full-year Targets
2. Performance and Dividends Forecasts Progress Against Full-year Targets Net sales progressed on par with the previous year, while operating profit progressed at a rate significantly exceeding the previous year. (The previous year's figure represents the progress rate against full-year actual resul
Slide 21: Dividends forecast
2. Performance and Dividends Forecasts Dividends forecast Dividends forecast (per share) FY2027 FY2027 Change vs. FY2026 Forecast Forecast previous (Announced on (Announced on July 9, 2026) YOY April 9, 2026) forecast (Results) Interim 19 yen 24 yen + 5 yen 22 yen +2 yen Plan to increase the annual
Slide 22: FY2027 Initiatives
2. Performance and Dividends Forecasts FY2027 Initiatives Reuse Business Peripheral Reuse Businesses Japan Auction Business ⚫ Increase number of purchases and sales through continuous efforts, including acquiring app ⚫ Increase number of listings and quantity available from the bases in Kanto and Ka
Slide 23: Contents
Kindal Ginza Store Contents 1. Summary of Financial Results 2. Performance and Dividends Forecasts 3. Medium-Term Management Plan 4. Sustainability References 1) Business Model and the Company’s Strengths 2) Measures to Actualize Management that is Conscious of Cost of Capital and Stock Price 3) Cor
Slide 24: Management Policies to Achieve the Medium-Term Management Plan
3. Medium-Term Management Plan Management Policies to Achieve the Medium-Term Management Plan Open 30 to 40 new stores per year on a consolidated basis to expand the Group’s reuse Development of reuse 1 business network. These stores will serve as purchases and sales locations for physical stores an
Slide 25: Summary of Medium-term Profit and Loss Projections
3. Medium-Term Management Plan Summary of Medium-term Profit and Loss Projections Net sales, number of stores Operating profit Net sales (hundred million yen) Number of stores (stores) 800 450 80 Plan 425 Plan Revamped the Medium-Term Management 700 390 400 70 Plan 710 355 • Performance forecasts we
Slide 26: Use of Artificial Intelligence and Investment in Digital Transformation
3. Medium-Term Management Plan Use of Artificial Intelligence and Investment in Digital Transformation Accelerate the creation of added value through the use of AI and digital transformation across every process, from purchases to sales Purchase process Sales process Receive order for purchases Visi
Slide 27: Medium-term Profit and Loss Projections, Expected Dividends (FY2027–FY2029)
3. Medium-Term Management Plan Medium-term Profit and Loss Projections, Expected Dividends (FY2027–FY2029) CAGR FY2026 FY2027 FY2028 FY2029 (annual growth rate) Stores to be opened Final fiscal year of the Plan per year 32 stores 30-35 stores 35-40 stores 35-40 stores - (FY2029) Net sales • Forecast
Slide 28: Financial Planning for FY2027–FY2029
3. Medium-Term Management Plan Financial Planning for FY2027–FY2029｜Accumulated Total Over 3 Years Funding plan (cash-in) (1) Operating cash flows : approx. 3.4 to 5.2 billion yen per year : approx. 12.0 to 13.0 billion yen in accumulated total over 3 years (2) Bank loans Of the growth investments,
Slide 29: Core engine of sustainable growth: profitable store model and new store openings
3. Medium-Term Management Plan Core engine of sustainable growth = highly profitable and highly efficient store model + continuous opening of new stores Highly profitable store model Continuous opening of new stores Quantitative results Consistent opening of new stores • Average initial investment o
Slide 30: Contents
Treasure Factory Sports & Outdoor Miyoshi Store Contents 1. Summary of Financial Results 2. Performance and Dividends Forecasts 3. Medium-Term Management Plan 4. Sustainability References 1) Business Model and the Company’s Strengths 2) Measures to Actualize Management that is Conscious of Cost of C
Slide 31: Basic Policy on Sustainability & Basic Data
4. Sustainability Basic Policy on Sustainability & Basic Data Treasure Factory aims to contribute to the establishment of a recycling society through its core business of reuse, to achieve symbiosis with society and provide new values, and to grow sustainably through our diversified organization. Th
Slide 32: Contents
Brand Collect Omotesando 1 Store Contents 1. Summary of Financial Results 2. Performance and Dividends Forecasts 3. Medium-Term Management Plan 4. Sustainability References 1) Business Model and the Company’s Strengths 2) Measures to Actualize Management that is Conscious of Cost of Capital and Stoc
Slide 33: Business Model
1) Business Model and the Company’s Strengths Business Model Purchases in multiple categories through multiple channels Multiple-store operation in diverse business categories Physical stores Diverse business categories, diverse products In-store In-store purchases sales Individual customers Individ
Slide 34: Relationship Between Profit & Loss Structure and Product Mix
1) Business Model and the Company’s Strengths Consolidated｜Relationship Between Profit & Loss Structure and Product Mix Size of circle is composition ratio of merchandise (representation) Yellow circles are merchandise with higher composition ratio in recent years High (Light colored area) High unit
Slide 35: Competitive Advantages Supporting our Growth
1) Business Model and the Company’s Strengths Competitive Advantages Supporting our Growth By rolling out over 10 business formats of general reuse and specialized reuse, the Company will achieve sustainable growth through constant expansion of the types of products and price ranges that it offers.
Slide 36: Multiple-store operation in diverse business categories
1) Business Model and the Company’s Strengths Multiple-store operation in diverse business categories Business category Concept & product Typical locations Flagship Along major roads General reuse stores handling a wide range of reusable products brands Inside shopping malls Areas within 10-minute w
Slide 37: System development and data analysis capabilities
1) Business Model and the Company’s Strengths System development and data analysis capabilities Product management expertise is critical in reuse business dealing with one-of-a-kind products. We developed our own POS system using item-by-item management expertise that we have been refining since est
Slide 38: Capital Efficiency and Stock Price Trends
2) Measures to Actualize Management that is Conscious of Cost of Capital and Stock Price Capital Efficiency and Stock Price Trends Capital efficiency Stock price Current Current (as of end of May 2026) Cost of equity : approx. 4.6% PER : 11–13x (trending around 15x since late June 2026) ROE : 27.4%
Slide 39: Corporate Overview
3) Corporate Overview and History Corporate Overview Company name Treasure Factory Co., Ltd. Address of head office 4-14-1 Sotokanda, Chiyoda-ku, Tokyo, Japan Representative Eigo Nosaka, President & CEO Foundation May 25, 1995 Number of full-time 1,317 (full-time employees only; as of the end of May
Slide 40: History
3) Corporate Overview and History History 1995 May Established Treasure Factory Y. K. (limited private company) in Yokohama City, Kanagawa Prefecture Oct. Opened the Treasure Factory Adachi Head Office in Toneri, Adachi-ku, Tokyo, the Company’s first comprehensive recycle shop 1999 Dec. Increased ca
Slide 41: History
3) Corporate Overview and History History 2016 Mar. Established Treasure Factory (Thailand) Co., Ltd., a local affiliate in Thailand May First expansion into Tokai area; opened the Treasure Factory Tokushige Store in Nagoya City, Aichi Prefecture Jul. First expansion into Kyushu area; opened the Tre
Slide 42: History
3) Corporate Overview and History History 2024 Feb. K.K. GK Factory absorbed and merged ACUO Co., Ltd. 2025 Jan. Relocated the head office to Sotokanda, Chiyoda-ku, Tokyo Jan. Renewed corporate logo Mar. First expansion into Chugoku area; opened the Treasure Factory Okayama Hirai Store in Okayama Ci
Slide 43: Reuse Market Trends
3) Corporate Overview and History Reuse Market Trends Business composition ratio of Sales of entire reuse market entire reuse market (million yen) (hundred million yen) 45,000 other Forecast 4 trillion yen 486 40,000 B2C B2C (online) (stores) 6,293 1.5% 3.26 12,380 35,000 trillion yen 19.3% 30,000 3
Slide 44: Changes in Sales and Operating Profit
3) Corporate Overview and History Changes in Sales and Operating Profit (million yen) Net sales Operating profit Fore (million yen) 60,000 cast 6,000 54,975 5,333 50,000 48,597 5,000 Changes in Operating profit 4,777 • Achieved record-high profit in FY2026 42,207 • Plan to renew the highest profit r
Slide 45: Number of Group Stores: 336 stores
3) Corporate Overview and History Number of Group Stores: 336 stores(of which, 305 stores are directly managed) *As of July 31, 2026 Total by Prefecture Prefecture/City Miyagi － 3 － － － － － － － － － － 3 stores Tohoku Fukushima 4 － － － － － － － － － － － 4 stores Tokyo 15 46 2 9 5 － 1 1 17 － 3 1 100 stor
Slide 46: Non-consolidated Store Business Category
3) Corporate Overview and History Non-consolidated｜Store Business Category Reuse business Peripheral reuse business General reuse business Fashion reuse business Treasure Factory Treasure Factory Style General reuse business handling a wide range of items including furniture, home Fashion reuse busi
Slide 47: Non-consolidated Store Business Category
3) Corporate Overview and History Non-consolidated｜Store Business Category Reuse business Peripheral reuse business Fashion outlet reuse business Luxury brand reuse business UseLet Brand Collect Outlet business handling a wide range of fashion goods at low prices Luxury brand reuse stores specializi
Slide 48: Non-consolidated Store Business Category
3) Corporate Overview and History Non-consolidated｜Store Business Category Reuse business Peripheral reuse business Sports & outdoor reuse business Large furniture and home appliances reuse business Treasure Factory Sports & Outdoor Treasure Factory Market Specialized reuse stores handling outdoor g
Slide 49: Subsidiaries Store Business Category
3) Corporate Overview and History Subsidiaries｜Store Business Category Reuse business Peripheral reuse business Musical instrument reuse business Anime and character goods reuse business Treasure Factory Musical Instrument Treasure Factory Anime Lab Reuse business specializing in a wide variety of m
Slide 50: Subsidiaries Store Business Category
3) Corporate Overview and History Subsidiaries｜Store Business Category Reuse business Peripheral reuse business Branded used clothing reuse business Kindal Reuse business specializing in branded used clothing Operating mainly in central locations in Osaka and Tokyo *Became a wholly-owned subsidiary
Slide 51: Subsidiaries Store Business Category
3) Corporate Overview and History Subsidiaries｜Store Business Category Reuse business Peripheral reuse business General reuse business Branded items & jewelry reuse business PickUP Kinburry General reuse business handling a wide range of items including home appliances, furniture, Branded items & je
Slide 52: Subsidiaries Store Business Category
3) Corporate Overview and History Subsidiaries｜Store Business Category Reuse business Peripheral reuse business Golf reuse business Golf reuse business Golf Kids Golf King Reuse business specializing in golf gear Reuse business specializing in golf gear Operating mainly in the Tokyo metropolitan are
Slide 53: Subsidiaries Store Business Category
3) Corporate Overview and History Subsidiaries｜Store Business Category Reuse business Peripheral reuse business General reuse business (Thailand subsidiary) General reuse business (Taiwan subsidiary) Treasure Factory Thailand Treasure Factory (Taiwan) Co., Ltd. General reuse business handling a wide
Slide 54: Non-consolidated Outline of Services
3) Corporate Overview and History Non-consolidated｜Outline of Services Reuse business Peripheral reuse business B2B Live Net Auction Moving & removal + purchase service Treasure Factory Live Net Auction Treasure Factory Moving & Removal B2B online auction for reuse business operators for dealing of
Slide 55: Non-consolidated Outline of Services
3) Corporate Overview and History Non-consolidated｜Outline of Services Reuse business Peripheral reuse business Formal Wear Rental Service Cariru Online fashion rental service site specializing in formal dress for special occasions and black formal suits for funerals • Launched in October 2010 • Ren
Slide 56: Shareholder Benefits
3) Corporate Overview and History Shareholder Benefits To express our gratitude for continued support and to promote understanding of our business through reuse experience, the Company will grant two types of electronic coupons through the Company’s official app to shareholders holding one unit (100
Slide 57: Disclaimer
Disclaimer This material has been prepared to provide information about the Company and is not intended to solicit investment. The information provided in the material is based on the Company’s judgment at the time of the preparation thereof, and the Company does not guarantee the accuracy of such i