Positive Q3 Turnaround
After a prolonged reset, the company achieved a positive return in Q3, with sales momentum indicating a return to a growth trajectory.
Structural Reforms and Profitability
Cumulative core operating profit for the third quarter exceeded JPY 30 billion, bringing the company closer to achieving its initial target of JPY 36.5 billion. Cost reductions and financial discipline contributed to this improvement.
Free Cash Flow Exceeds Expectations
Free cash flow is expected to reach JPY 35 billion, which is JPY 20 billion higher than initially forecasted.
EMEA Strong Performance
EMEA region showed strong performance with a 22% year-on-year increase, achieving double-digit growth even excluding comparison base effects.
Japan E-Commerce Growth
E-commerce sales in Japan rose by mid-20% in the third quarter, driven by strategic investments and increased purchases from loyal users.
Strong Growth in Fragrance Segment
Fragrance sales in EMEA increased significantly, with Zadig & Voltaire up over 70% in Q3, and narciso rodriguez and ISSEY MIYAKE maintaining double-digit growth.