HARD OFF CORPORATION Co., Ltd. [2674.T]
TOKYO, May 18 (Pulse News Wire) – Hard OFF Corporation Co., Ltd. (2674.T) reported record revenue and profits for the fiscal year ended March 2026.
Revenue reached ¥39.28 billion, up from ¥36 billion in the previous year, marking the highest level ever achieved. Operating profit increased to ¥3.387 billion compared to ¥3.218 billion last year, while ordinary profit fell to ¥3.489 billion from ¥3.66 billion. Net income attributable to parent shareholders was ¥2.519 billion, also setting a new high. The company attributed the growth primarily to strong performance across existing stores and contributions from newly opened outlets.
However, higher operating expenses due to costs associated with the acquisition of EcoNoS shares and increased personnel and depreciation expenses impacted profitability. Despite these factors, the firm managed to achieve its best results in four consecutive quarters. In addition to operational improvements, Hard Off continued to expand its store network, adding 30 direct-operated stores and 27 franchise locations while closing four direct-operated and three franchised units. A significant shift involved converting 53 EcoNoS stores from direct operation to franchises, alongside adding 16 BookOff stores to the direct-operated portfolio, resulting in a net increase of 66 stores overall.
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