TOKYO, Apr 13 (Pulse News Wire) – Lipps (373A.T) reported flat revenue but lower profits for the first half of fiscal year 2026 ending February 28, 2026. Revenue remained unchanged at ¥2.176 billion compared to the same period last year.
However, operating profit declined by 24.8%, ordinary profit fell by 26.1%, and net income dropped by 23.0%. Key factors contributing to the decline included increased marketing expenses and higher personnel costs aimed at securing and developing talent. Despite challenges, the company launched two new skincare products in October 2025 through various e-commerce platforms and retail stores, aiming to boost sales and strengthen its revenue base.
In the salon franchise business, which saw a decrease due to industry-wide changes, Lipps initiated data analysis to identify and address individual stylist issues. The company also began collaborating more closely with franchisees to support their growth. For the full fiscal year 2026, Lipps maintains its previous forecast, expecting revenue of ¥4.748 billion, with operating profit, ordinary profit, and net income projected to increase by ¥7.7 million%, ¥705 million%, and --¥25 million%, respectively.
Lipps plans to continue expanding its product lineup and enhancing promotional activities in collaboration with retailers to drive existing product recognition and bolster profitability.
Financial results — FY2026/8 (consolidated)
| Metric | Current | YoY |
|---|---|---|
| Revenue | ¥2,176M | +3.2% |
| Operating profit | ¥354M | -24.8% |
| Net profit | ¥241M | -23.0% |
Next period forecast
Revenue
¥4,748M
+7.7%Op. profit
¥705M
-25.7%Net profit
¥489M
-24.9%Source: TDNet filing · Figures in millions of yen
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