FY2026 First Quarter
B u s i n e s s R e s u l t s P r e s e n t a t i o n
August 12, 2025 Wacoal Holdings Corp.
Securities Code：3591
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Hello everyone. I am Akira Miyagi, Director, Vice President, Executive Officer, and CFO of Wacoal Holdings Corp.
I will present the financial results for FY2026 1Q using the presentation document.
C O N T E N T S
1. FY2026 1Q Financial Overview
・・・P.3
2. FY2026 1Q Financial Overview（By Segment） ・・・P.11
・Wacoal Business (Domestic)
・Wacoal Business (Overseas)
・Peach John Business
・・・P.12
・・・P.14
・・・P.16
3. Finance and Shareholder Returns
・・・P.17
4. Appendix
・・・P.20
Page two, please. This will be today's agenda.
I will provide an overview of the Q1 financial results for FY2026 segment overviews, and financial and shareholder returns.
FY 2 0 26 1 Q Fi nanci al O vervi ew
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First, I would like to provide an overview of the financial results for Q1 of FY2026.
Revenue 45.0 billion yen | YoY -1.5 billion yen （>3.2％） |
Gross Profit 26.2 billion yen | YoY -0,0 billion yen （-0.2％） |
Business Profit 2.4 billion yen | YoY ＋0.8 billion yen （＋51.1％） |
Operating Profit 19.8 billion yen | YoY ＋16.6 billion yen （＋516.2％） |
Executive Summary for FY2026 1Q
Revenue declined due to the disposal from unprofitable businesses in the
previous fiscal year
Sales of ladies' innerwear remained sluggish in key countries, impacted by store closures and weaker consumer sentiment, falling short of the plan
The gross profit margin improved through the disposal from unprofitable businesses and changes in profit structure following the Bravissimo acquisition, keeping gross profit flat YoY despite lower revenue
Business profit increased due to lower SG&A expenses, driven by the end of the Flexible Retirement Program in Japan and workforce optimization in the U.S. and China
Business profit significantlyincreased, supported by a gain on the sale (e.g., Shin-
Kyoto Building)
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Page four, please. This is an executive summary of Q1 results.
Revenue in the upper row was JPY45 billion. The amount was JPY1.5 billion lower than the same period of the previous year, mainly due to a review of the business portfolio from the previous period to the current period and the disposal of unprofitable businesses. The Company also fell short of its plan due to the continuing difficult
external environment, such as the impact of the closure of some of its customers in Japan and overseas, and the cooling down of consumer confidence in response to tariff measures.
Please see gross profit in the second row. While revenue fell short of the level in the same period of the previous year, the disposal of unprofitable businesses and changes in the profit structure resulting from the acquisition of the Bravissimo Group in the previous fiscal year improved the consolidated gross profit margin. As a result, gross profit came in at JPY26.2 billion, roughly on par with the same period of the previous year.
See business profit in the third row. Business profit was JPY2.4 billion. Business profit exceeded the level in the same period of the previous year by JPY0.8 billion, reflecting factors such as the reversal of personnel expenses associated with the abolition of the flexible retirement program and reductions in personnel expenses through optimization of staffing in the US and China.
Operating profit in the lower line was JPY19.8 billion, significantly higher than the same period of the previous year, due to higher business profit and gains on the sale of real estate, including the Shin-Kyoto Building.
FY2025 1Q results | FY2026 1Q results | vs FY2025 1Q results | |||||
results | ratio | results | ratio | Change | % Change | ||
Revenue | 46,462 | > | 44,956 | > | -1,506 | -3.2% | |
Wacoal Business (Domestic) | 22,237 | 47.9% | 22,161 | 49.2% | -76 | -0.3% | |
Wacoal Business (Overseas) | 18,742 | 40.3% | 18,996 | 42.3% | 254 | +1.4% | |
Peach John Business | 2,565 | 5.5% | 2,783 | 6.2% | 218 | +8.5% | |
Other | 2,918 | 6.3% | 1,016 | 2.3% | -1,902 | -65.2% | |
Gross Profit | 26,275 | 56.6% | 26,233 | 58.4% | -42 | -0.2% | |
Selling, general and administrative expenses | 24,714 | 53.2% | 23,875 | 53.1% | -839 | -3.4% | |
Business Profit | 1,561 | 3.4% | 2,358 | 5.2% | 797 | +51.1% | |
Wacoal Business (Domestic) | -434 | > | 381 | 0.8% | 815 | > | |
Wacoal Business (Overseas) | 2,018 | 4.3% | 1,914 | 4.3% | -104 | -5.2% | |
Peach John Business | 13 | 0.0% | 11 | 0.0% | -2 | -15.4% | |
Other | -36 | > | 52 | 0.1% | 88 | > | |
Operating Profit | 3,206 | 6.9% | 19,756 | 43.9% | 16,550 | +516.2% | |
Net Profit attributable to owners of parent | 3,038 | 6.5% | 13,663 | 30.4% | 10,625 | +349.7% | |
FY2026 1Q Results
(Millions of Yen)
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Please look at page five. This is a summary of our performance, so we will skip it.