Geo Holdings projects stronger full-year results amid strategic expansion

Geo Holdings Corporation reported net sales of JPY 104,460 million for the first three months ending June 30, 2025, a 4.3% increase year-over-year. Operating profit decreased by 8.5% to JPY 3,993 million, and profit attributable to owners of parent fell 31.3% to JPY 2,438 million, primarily due to increased selling, general and administrative expenses from new store openings and personnel costs. Despite this, gross profit rose 7.5% to JPY 44,813 million, with strong performance in clothing, accessories, and game-related products, including the launch of the "Nintendo Switch 2."

The company maintains its full-year forecast for FY2026, projecting net sales of JPY 470,000 million, operating profit of JPY 11,500 million, and profit attributable to owners of parent of JPY 5,500 million. This outlook is supported by an ambitious store expansion plan, including reaching 1,000 2nd STREET stores in Japan by FY2029 and significant international growth, with new openings in Singapore and Hong Kong. Geo Holdings also announced a planned trade name change to 2nd RETAILING Co., Ltd. by October 1, 2026, aligning with its reuse-centered business model.