Art Nature (7823) announced its consolidated financial results for the first quarter of the fiscal year ending March 2025 (April to June 2024). Revenue decreased by 4.2% to 10.166 billion yen compared to the same period last year, operating profit decreased by 63.9% to 0.391 billion yen, ordinary profit decreased by 64.0% to 0.398 billion yen, and net profit attributable to the parent company's shareholders for the quarter decreased by 70.9% to 0.201 billion yen. It is reported that both revenue and operating profit are progressing as planned.
Sales for men decreased by 4.0% to 5.246 billion yen compared to the same period last year. Despite implementing customer retention measures, both new and repeat sales were below the same quarter of the previous year.
Sales for women decreased by 9.4% to 3.27 billion yen. Although repeat sales increased compared to the same quarter of the previous year due to an increase in the number of in-store customers, new sales were below the previous year's same quarter.
Sales of women's ready-to-wear products increased by 7.6% to 1.305 billion yen due to an increase in the number of sales to new customers.
The consolidated business performance estimate for the fiscal year ending March 2025 is to maintain the initial plan, with revenue expected to increase by 5.0% to 45.001 billion yen compared to the previous year, operating profit increasing by 9.7% to 2.911 billion yen, ordinary profit increasing by 8.3% to 2.949 billion yen, and net income attributable to the parent company's shareholders increasing by 3.2% to 1.509 billion yen.