Honeys Holdings reports slight sales increase, profit declines

Honeys Holdings (TSE:2792) reported a 2.0% year-over-year increase in net sales, reaching JPY 57.701 billion for the fiscal year ended May 31, 2025. However, operating income decreased by 15.3% to JPY 5.906 billion, and profit attributable to owners of the parent declined by 23.5% to JPY 3.732 billion. This dip in profitability was attributed to increased cost of goods and higher selling, general, and administrative expenses. While EC sales experienced growth, the group noted challenges including fickle weather patterns and increased consumer frugality.