Key Facts
• July 11, Ryohin Keikaku revised FY2025 operating profit forecast to ¥70 billion.
• Previous forecast was ¥67 billion, marking a 24.7% year-on-year increase.
• This is the third upward revision of the forecast in 2025.
• Strong sales in Japan and East Asia contributed to the revision.
• Analyst consensus forecast by IBES was ¥70.6 billion, aligning with the company’s update.
• March-May quarter saw record-high operating profit for the ninth consecutive quarter.
• “MUJI Week” member sales and favorable exchange rates boosted gross profit margins.
• CEO Tom Shimizu addressed potential U.S. tariffs, citing global supply chain adjustments.
• Production can shift from China to Vietnam to mitigate tariff impacts.
• Announced a 2-for-1 stock split effective August 31, first since 2019.
Summary
Ryohin Keikaku, the parent company of MUJI, announced its third upward revision of the FY2025 operating profit forecast, raising it to ¥70 billion, a 24.7% increase from the previous year. The revision reflects strong sales in Japan and East Asia, as well as favorable exchange rate impacts. The March-May quarter marked the ninth consecutive quarter of record-high operating profit, driven by successful “MUJI Week” sales. CEO Tom Shimizu highlighted the company’s global supply chain strategy to address potential U.S. tariffs, including shifting production from China to Vietnam. Additionally, the company announced a 2-for-1 stock split effective August 31, its first in six years.
