Nagahori Corporation Raises FY2026 Earnings Forecast on Gold Surge

Nagahori Corporation Raises FY2026 Earnings Forecast on Gold Surge

Nagahori Corporation (TSE:8139), a Japanese jewelry retailer, raised its full-year earnings guidance for the fiscal year ending March 2026, citing robust consumer spending and a sharp rise in precious metal prices.

The company lifted revenue expectations by 10.9% to JPY 29.4bn, while net profit surged 83.3% to JPY 1.10bn. Operating profit (eigyo rieki) climbed 32.5% to JPY 1.72bn, and ordinary income (keijo rieki)—a Japan-specific metric capturing non-operating financial items—rose 32.6% to JPY 1.59bn.

Management attributed the upward revision to strong personal consumption, a significant rally in gold prices benefiting the jewelry sector, and successful execution of its “selection and concentration” strategy targeting affluent consumers. The company also cited contributions from the subsidiary acquisition of Kabu Shoji and expanded Sapporo department store operations, alongside increased precious metal product sales and expanded in-house manufacturing. Lower-than-expected non-operating expenses and extraordinary losses also supported the revision.

The company maintained its full-year dividend forecast at JPY 35.00/share but raised the year-end dividend to JPY 20.00/share from JPY 15.00/share, reflecting stronger-than-anticipated earnings growth. Management indicated the dividend adjustment aligns with a 40% payout ratio target based on actual results. While the jewelry market benefits from elevated gold prices and consumer resilience, the company acknowledged headwinds from foreign exchange volatility and Middle East geopolitical risks.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.