Joshin: FY2027 operating profit forecast raised 83.3%

Joshin raised its consolidated forecast for every item from revenue to net profit for the April-September 2026 period. The operating profit forecast increased 40.0%, from ¥4.5 billion to ¥6.3 billion.

The revised forecasts represent increases of 3.2% for revenue, 39.5% for ordinary profit and 42.9% for interim net profit. Each revised figure is also above the previous-year result.

Joshin also raised its full-year forecasts for revenue and profit. The operating profit forecast was revised up 83.3% to ¥11 billion, compared with ¥5.422 billion in the previous year.

Compared with the previous forecast, the revised figures are up 3.9% for revenue, 90.9% for ordinary profit and 42.9% for net profit. Joshin expects each item to exceed the previous-year result, but said the forecasts are not a guarantee and actual results could vary due to various factors.

Strong appliance sales, led by air conditioners, contributed to the higher interim forecast. Joshin cited the following main factors:

• Air conditioners: Demand was brought forward ahead of tighter environmental standards under laws including the Fluorocarbons Emissions Control Act, a trend known as the “2027 problem.”
• White goods: Refrigerators, washing machines and vacuum cleaners generally performed well.
• Beauty appliances: Products such as high-performance hair dryers remained firm.
• Personal computers: Replacement demand appeared to have run its course, making sales trends different from those in other product categories.

Based on interim results and recent trends, Joshin also raised its full-year forecast. The stronger-than-expected appliance demand is reflected in the full-year outlook, but some air-conditioner purchases have been brought forward, making future sales trends important to whether the forecast is met.