JINS HOLDINGS ( (JNDOF) ) has released its Q3 earnings. Here is a breakdown of the information JINS HOLDINGS presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
JINS HOLDINGS Inc., a prominent player in the retail eyewear industry, operates both domestically in Japan and internationally, offering a wide range of eyewear products.
In its latest earnings report for the nine months ended May 31, 2025, JINS HOLDINGS reported significant growth in both sales and profits, driven by strong performance in its domestic and overseas eyewear businesses. The company achieved net sales of ¥69,815 million, marking an 18% increase year-on-year, and a notable rise in profit attributable to owners of the parent by 98% to ¥6,285 million.
Key financial metrics highlighted in the report include a 75.7% increase in operating profit to ¥8,892 million and a 73.9% rise in ordinary profit to ¥8,893 million. The domestic eyewear segment saw a 20.2% increase in net sales, while the overseas segment grew by 10.9%. The company expanded its store network to 778 locations, including new openings in Japan and strategic expansions overseas, particularly in Taiwan and China.
Looking forward, JINS HOLDINGS maintains a positive outlook for the fiscal year ending August 31, 2025, with no revisions to its previously announced financial forecasts. The company aims to continue its growth trajectory by focusing on innovative product development and strategic store expansions, while navigating potential economic challenges in its operating regions.