Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>GEO Holdings' revenue increased by 8.6% YoY to JPY216.9bn, with net income rising 14.2% YoY.</li><li>The company expanded 2nd STREET stores domestically and internationally, with overseas store count increasing in the US, Taiwan, Malaysia, Singapore, and Hong Kong.</li><li>Sales of secondhand media products rose 3.2% YoY, driven by used mobile devices and new gaming consoles.</li></ul>

GEO Holdings' revenue increased by 8.6% YoY to JPY216.9bn, with net income rising 14.2% YoY.The company expanded 2nd STREET stores domestically and internationally, with overseas store count increasing in the US, Taiwan, Malaysia, Singapore, and Hong Kong.Sales of secondhand media products rose 3.2% YoY, driven by used mobile devices and new gaming consoles.

Geo Holdings (2681 JP): 1H FY03/26 flash update

<ul><li>GEO Holdings' revenue increased by 4.3% YoY to JPY104.5bn, with strong sales at 2nd STREET stores. </li><li>Operating profit decreased by 8.5% YoY due to higher SG&A expenses, impacting recurring profit and net income. </li><li>New products market sales rose 24.4% YoY, driven by the Nintendo Switch 2 and game-related merchandise. </li></ul>

GEO Holdings' revenue increased by 4.3% YoY to JPY104.5bn, with strong sales at 2nd STREET stores. Operating profit decreased by 8.5% YoY due to higher SG&A expenses, impacting recurring profit and net income. New products market sales rose 24.4% YoY, driven by the Nintendo Switch 2 and game-related merchandise. 

Geo Holdings (2681 JP): Q1 FY03/26 flash update

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

<ul>
<li>Q1-4 FY3/25 sales and operating profit missed forecasts, as new store openings fell behind schedule, while personnel costs and merchant fees for cashless payments rose more than expected.</li>
<li>Sales fell -1.4% YoY while OP dropped -33.1% YoY. On the plus side, sales of used Smartphones &amp; Tablets accelerated sharply, while annual gross profit and GPM improved.</li>
<li>Costs are expected to weigh on earnings again in FY3/26, as the company continues to execute its global expansion strategy.</li>
</ul>


Q1-4 FY3/25 sales and operating profit missed forecasts, as new store openings fell behind schedule, while personnel costs and merchant fees for cashless payments rose more than expected.
Sales fell -1.4% YoY while OP dropped -33.1% YoY. On the plus side, sales of used Smartphones &amp; Tablets accelerated sharply, while annual gross profit and GPM improved.
Costs are expected to weigh on earnings again in FY3/26, as the company continues to execute its global expansion strategy.


GEO HOLDINGS (2681 JP) - FY3/25 Earnings Miss Forecasts

<ul><li>GEO Holdings reported revenue of JPY427.7bn, operating profit of JPY11.3bn, and net income of JPY4.5bn, with significant YoY declines.</li><li>The company forecasts FY03/25 revenue of JPY470.0bn, operating profit of JPY11.5bn, and net income of JPY5.5bn, with a stable dividend.</li><li>GEO Holdings plans to open 60 new 2nd STREET stores in Japan and 35 overseas, focusing on secondhand market expansion.</li></ul>

GEO Holdings reported revenue of JPY427.7bn, operating profit of JPY11.3bn, and net income of JPY4.5bn, with significant YoY declines.The company forecasts FY03/25 revenue of JPY470.0bn, operating profit of JPY11.5bn, and net income of JPY5.5bn, with a stable dividend.GEO Holdings plans to open 60 new 2nd STREET stores in Japan and 35 overseas, focusing on secondhand market expansion.

Geo Holdings (2681 JP): Full-year FY03/25 flash update

<ul><li>Sales improve in Q3 but personnel and store opening costs weigh on OP – Although Q1-3 FY3/25 sales declined -3.4% YoY to ¥316.16bn, reflecting the difficult annual comps for new games and consoles in H1, in Q3 the absence of this drag meant that this quarter alone rose +4.3% YoY to ¥116.43bn.</li><li>Demand for reuse clothes and smartphones remained robust, buoyed by store openings, year-end sales for clothes and price conscious consumers.</li><li>However, increased hiring, base salary increases and credit card fees continued to eat into OP, which in FY3/25 Q1-3 fell -26.4% YoY to ¥9.82bn.</li></ul>

Sales improve in Q3 but personnel and store opening costs weigh on OP – Although Q1-3 FY3/25 sales declined -3.4% YoY to ¥316.16bn, reflecting the difficult annual comps for new games and consoles in H1, in Q3 the absence of this drag meant that this quarter alone rose +4.3% YoY to ¥116.43bn.Demand for reuse clothes and smartphones remained robust, buoyed by store openings, year-end sales for clothes and price conscious consumers.However, increased hiring, base salary increases and credit card fees continued to eat into OP, which in FY3/25 Q1-3 fell -26.4% YoY to ¥9.82bn.

Geo Holdings (2681 JP) - Q3 Sales Improve, but Costs Weigh on OP

Japan

GEO Holdings Corporation operates stores that rent and sell videos, CDs, DVDs, games, and books nationwide. The Company also buys and sells used books and CDs. GEO operates its own stores and also franchise stores.

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Geo Holdings (2681 JP)