UP GARAGE GROUP Co.,Ltd. [7134.T]
TOKYO, May 08 (Pulse News Wire) – UP Garage Group CO.,LTD. (7134.T) reported record revenue and operating profit for the fiscal year ended March 2026.
Revenue reached ¥14.70 billion, up 15.1% from the previous year, while operating profit stood at ¥1.103 billion, marking a 5.9% increase. Despite warm winter conditions impacting sales, the expansion of its chain stores drove growth, particularly through increased sales at existing outlets and new store openings. The company opened ten new direct stores, eight franchise locations, and one Cyclez outlet during the fiscal year, surpassing its initial plan of five new direct stores.
Existing direct store sales maintained a positive trend, outperforming the same month last year for thirteen consecutive months. However, net income slightly decreased due to irregular factors in the previous year related to deferred tax asset recoverability adjustments. For the upcoming fiscal year ending March 2027, UP Garage anticipates continued growth, projecting a 17.4% rise in revenue and a 26.8% jump in operating profit.
The company plans to open seven more direct stores and ten franchises, aiming to enhance profitability through improved efficiency and strategic investments.
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