Komehyo’s brand and fashion business reports strong nine-month growth

Komehyo Holdings reported strong nine-month results for its Brand and Fashion business. Sales for the second quarter accumulated to JPY 92,977 million, a 138.3% year-on-year increase. Individual purchases reached JPY 44,906 million, a 124.8% rise compared to the previous year.

Monthly sales figures consistently outperformed the prior year, with September showing a 138.0% increase. The retail ratio for the second quarter was 42.1%, while the tax-exempt sales ratio was 13.5%. Individual purchases also saw strong growth, with September experiencing a notable 147.6% increase compared to the previous year.

The company attributed the strong performance to factors including a "Big Autumn Bargain" event in September, new store openings, and favorable market conditions for gold, jewelry, and luxury watches, driven by overseas demand amid a weaker yen.