TOKYO, May 07 (Pulse News Wire) – Monotaro CO.,LTD. (3064.T) reported its fiscal Q1 revenue above plan due to increased demand for oil-related products driven by Middle Eastern geopolitical events.
Consolidated revenue reached ¥128.0 billion, up 27.5% year-over-year and exceeding forecasts. Operating profit was ¥13.51 billion, surpassing the planned figure by 293 million yen. In detail, MonotaRO's domestic operations saw mixed performance, with office supplies lagging behind expectations but recovering towards quarter-end. The MonotaRO.com division recorded a 28.0% increase in sales compared to the previous year, while the Enterprise business experienced a slight decline in orders for office-related items.
However, overall sales were bolstered by higher demand for petroleum-derived goods post-March. Overseas subsidiaries also contributed positively, particularly in Korea where marketing optimization led to improved customer retention and repeat rates. Indonesian operations continued their growth trajectory, benefiting from enhanced repeat purchases from existing clients. In India, GMV and sales exceeded targets, reflecting successful marketing strategies aimed at key customer segments.
Looking ahead, MonotaRO maintains its optimistic outlook for the remainder of the fiscal year, with plans to further activate underutilized locations through operational enhancements.
🔴 Confidence: Review recommended AI-translated content.