Nextage Q1 sales up 21.3% amid expansion

Nextage (TSE:3186) announced a 21.3% year-on-year increase in net sales, reaching ¥144.87 billion for the first quarter of fiscal year 2025. This growth was driven by expansion, including the opening of the Yomitan general store, new standalone purchase-only stores, and strategic acquisitions. Despite sales growth, operating profit decreased by 3.8% to ¥2.13 billion, and profit attributable to owners of parent declined 22.8% to ¥1.125 billion, due to increased selling, general and administrative expenses. During the quarter, Nextage increased its store count to 235 locations, comprising 345 storefronts. New subsidiary ONE Motoren Co., Ltd. was established and is now consolidated. The company maintains its full-year forecast of ¥580 billion in sales, ¥15 billion in operating profit, and ¥9.5 billion in profit attributable to owners of parent.