Kawabe ＜8123＞ announced consolidated financial results for the 2nd quarter (24/4/9) of the fiscal year ending 2025/3 on the 11th. Sales decreased 2.3% from the same period last year to 5.594 billion yen, operating loss was 0.188 billion yen (loss of 0.09 billion yen in the same period last year), ordinary loss was 0.132 billion yen (loss of 0.046 billion yen), and interim net profit attributable to parent company shareholders was 0.012 billion yen (loss of 0.073 billion yen).

Sales in the personal goods business were 96.0% compared to the previous year. Sales of handkerchiefs were 96.4% compared to the previous year. Sales of scarves and scarves were 98.2% compared to the previous year. Sales of towels and miscellaneous goods were 93.8% compared to the previous year.

Sales in the fragrance business were 105.6% compared to the previous year. In addition to sales growth at single brand stores such as Ginza Six of the brands “CREED” and “ACQUA DI PARMA” introduced in the previous fiscal year, there is also a track record of sales growth due to inbound demand and sales of existing main brand (BVLGARI, FERRAGAMO, VERSACE) products 105-110% compared to the previous year, and sales of department stores and directly managed stores, which are the main sales channels, moved steadily at 120.6% compared to the previous year. Meanwhile, there was a decline in sales due to the termination of the contract for “CAROLINA HERRERA,” which was the main brand in the wholesale division, but sales for the same business as a whole were 105.6% compared to the previous year.

Regarding the full-year consolidated earnings forecast for the fiscal year ending March 31, 2025, the initial plan for sales is 13.711 billion yen, up 4.9% from the previous fiscal year, operating income is 0.255 billion yen, up 1.0% from the same period, ordinary profit is 0.383 billion yen, up 8.0%, and net income attributable to parent company shareholders is 0.283 billion yen, up 6.0% from the same period.