Business
And ST HD : FY2026/02 1H Presentation Material
And ST HD : FY2026/02 1H Presentation
About this update from And St Hd Co.ltd.
FY2026/02 1H Financial Results September 30, 2025 FY2026/02 1st Half Overview Consolidated Income Statement ： Summary 4 Adastria and Group Companies 8 Global Business/ Brand Retail Business 10 2 Consolidated Balance Sheet 12 Number of Stores and Revised plan 13 2 FY2026/02 Forecast 14 Second Half Direction and External Environment 16 Medium-Term Management Plan Progress Summary 19 Business Segment Progress, Topics 21 Logistics Strategy/ Sustainability Initiatives / 30 Published Integrated Report 2025 Transitioning to a Holding Company 33 Contents 1．FY2026/02 1st Half Overview Overview Record-high first half net sales in line with plan; 2Q stand-alone net sales underperformed plan slightly. Gross profit margin declined year on year while we controlled SG&A expenses; however, operating profit fell short of plan (Millions of yen) FY2025/02 1H FY2026/02 1H Six Months Ended Three Months Ended Six Months Ended Three Months Ended Ratio Ratio Ratio YoY Ratio YoY Net Sales 144,203 100.0% 70,201 100.0% 149,345 100.0% 103.6% 71,880 100.0% 102.4% Gross profit 80,320 55.7% 38,714 55.1% 82,372 55.2% 102.6% 38,534 53.6% 99.5% SG&A expense 70,424 48.8% 34,832 49.6% 74,399 49.8% 105.6% 36,165 50.3% 103.8% Advertising & promotion 3,958 2.7% 1,897 2.7% 4,665 3.1% 117.8% 1,889 2.6% 99.6% Personnel 26,335 18.3% 13,245 18.9% 27,152 18.2% 103.1% 13,382 18.6% 101.0% Rent & depreciation * 24,924 17.3% 12,330 17.6% 26,919 18.0% 108.0% 13,241 18.4% 107.4% Others 15,205 10.5% 7,359 10.5% 15,662 10.5% 103.0% 7,652 10.6% 104.0% Operating profit 9,895 6.9% 3,881 5.5% 7,973 5.3% 80.6% 2,369 3.3% 61.0% Ordinary profit 10,297 7.1% 4,008 5.7% 7,790 5.2% 75.7% 2,366 3.3% 59.0% Net income attributable to owners of the parent 6,939 4.8% 2,533 3.6% 5,987 4.0% 86.3% 1,613 2.2% 63.7% EBITDA 15,139 10.5% 6,640 9.5% 13,800 9.2% 91.2% 5,377 7.5% 81.0% Depreciation and amortization 5,090 3.5% 2,660 3.8% 5,610 3.8% 110.2% 2,894 4.0% 108.8% Amortization of goodwill 153 0.1% 98 0.1% 216 0.1% 141.2% 113 0.2% 115.1% (Note) We finalized the provisional accounting treatment for the business combination at the end of the consolidated third quarter of the previous fiscal year. Accordingly, the figures for the second quarter of the consolidated fiscal year ended February 2025 reflect significant revisions to the initial allocation of acquisition cost resulting from the finalization of the provisional accounting treatment. *: Rent & depreciation costs are the sum of Rent expenses, Lease expenses and Depreciation Consolidated Income Statement Adastria(Non-consolidated) Monthly Sales All Stores YoY 130.0% 125.0% 120.0% 115.0% 110.0% 105.0% 100.0% 95.0% 90.0% 売上 高実店舗 EC 2Q Net Sales : 104.9% Physical Stores : 102.8% E-commerce : 111.6% 1Q Net Sales : 104.8% Physical Stores : 103.8% E-commerce : 107.6% Net Sales Physical Stores E-commerce 112.8% 107.4% 105.8% 99.0% 98.5% 98.4% 111.3% 108.4% 107.4% 111.6% 103.6% 100.9% 110.3% 102.6% 100.0% 113.6% 109.6% 108.4% 3月 4月 5月 6月 7月 8月 ・ Sales of summer items were strong due to ongoing hot weather and demand for summer vacation outings ・ Sales of fall products increased toward the second half of the month March April High temperatures, strong sales of spring and summer apparel ・ Occasion items and new lifestyles items were popular ・ 20% points-back reward for members ・ Sales of summer goods were sluggish due to cooler temperatures than last year ・ Right outerwear items were popular May ・ Summer goods sold well due to favorable weather conditions ・ 20% points-back reward campaign for members June ・ Summer goods slowed, but remained firm with rising temperatures ・ Strong sales of summer bottoms made from functional fabrics July ・ Sales concentrated on summer goods as temperatures remained high ・ GLOBAL WORK and niko and ... performance declined year on year August Summary of FY2025/02 1H