Industries›9 companies · latest full-year results
Industry focused on the design, manufacturing, wholesale, and retail of clothing and fashion accessories.
The 9 apparel & fashion companies we cover had combined revenue of ¥2.3T (+8.4% year over year) and operating profit of ¥159.5B, an industry-wide operating margin of 6.8%.
Shimamura leads on revenue (¥700.0B, a 29.9% share), and the top three hold 55% of industry sales. 6 grew both revenue and operating profit; 1 saw both fall.
Pal Group has the highest operating margin (11.6%); average pay across the industry is ¥6.01M, highest at Pal Group (¥8.67M).
Industry total
Apparel & Fashion · 9 companies
YoY compares companies with prior-year figures
StockShares are −4.4% over a year, behind the all-industry average (+14.9%) — #50 of 53 industries.Details
GuidanceCompany plans for FY2027 (8 companies combined): revenue +5.4%, operating profit +10.3%. Planned profit growth is below the all-industry plan (+13.0%).Details
Latest resultsYear to date through Q2, 6 companies combined: revenue +5.9%, operating profit +8.0% year over year. 2 are ahead of an even pace toward their full-year plan, 2 behind.Details
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Disclosures4 TSE filings in the last 90 days (dividends 1).Details
Earnings dates2 companies report within 30 days, starting with United Arrows on Nov 6 and Aoyama on Nov 10.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q2 cumulative) |
|---|---|---|---|---|---|
| ¥61.5B | ¥66.8B | +8.7% | Unchanged | 50% |
| ¥16.5B | ¥17.2B | +4.1% | Unchanged | 62% |
| ¥16.0B | ¥17.5B | +9.2% | Unchanged | 48% |
| ¥11.6B | ¥12.8B | +10.3% | Unchanged | 48% |
P | ¥27.1B | ¥29.4B | +8.3% | Unchanged | 48% |
| ¥10.6B | ¥11.7B | +10.5% | Unchanged | 11% |
| ¥4.3B | ¥7.5B | +73.4% | Unchanged | 13% |
| ¥9.1B | ¥10.0B | +9.6% | Unchanged | 32% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Apparel & Fashion | −0.2% | −5.7% | −4.4% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +2.5pt | −4.8pt | −19.3pt |
Rank among industries:3M #39/531Y #50/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 3 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
World: Subsidiary breach may expose 1.2 million member records
Sanyo Shokai: Sanyo Shokai lowers FY27 year-end dividend by 5 yen, shifting to share buybacks for capital efficiency.
Shimamura: Acquires 21 Former Sumitomo Stores to Boost Regional Growth
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥700.0B | +5.2% | ¥61.5B | 8.8% | 29.9% | ¥7.07M | 43.4 | 2,802 |
| 2 | ¥304.4B | +3.8% | ¥16.5B | 5.4% | 13.0% | ¥4.53M | 33.3 | 4,919 |
| 3 | ¥284.0B | +25.9% | ¥16.0B | 5.6% | 12.1% | ¥5.58M | 43.1 | 263 |
| 4 | ¥236.8B | +13.6% | ¥11.6B | 4.9% | 10.1% | ¥6.57M | 45.9 | 117 |
| 5 P | ¥234.7B | +12.9% | ¥27.1B | 11.6% | 10.0% | ¥8.67M | 46.0 | 74 |
| 6 | ¥189.0B | −3.4% | ¥10.6B | 5.6% | 8.1% | ¥5.09M | 37.7 | 2,856 |
| 7 | ¥167.1B | +6.7% | ¥4.3B | 2.6% | 7.1% | - | 56.7 | 12 |
| 8 | ¥164.6B | +9.1% | ¥9.1B | 5.5% | 7.0% | ¥5.02M | 35.7 | 3,825 |
| 9 | ¥60.5B | - | ¥2.7B | 4.5% | 2.6% | ¥5.51M | 43.0 | 1,142 |
| Industry total / average | ¥2.3T | +8.4% | ¥159.5B | 6.8% | 100% | ¥6.01M | 42.8 | 16,010 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
Shimamura: Acquires 21 Former Sumitomo Stores to Boost Regional Growth
Adastria: September Same-Store Sales Hit 108.8 pct Driven by Autumn Wear Demand
