Net Sales reached a record high of 30.9 billion yen (YoY +21.5%) for the first three quarters of the year.
Operating income was +1.1 billion yen YoY, turning profit at 540 million yen.
Revised full-yearforecasts upward based on recent performance and trends.
On Platform
Sales grew by 7% YoY due to the growth of stores and the accompanying growth of BtoB services including sales promotion.
Increased profit by 400 million yen YoY.
Beauty Service
Sales of stores made a significant leap to +45% YoY, partly due to the market recovery. EC also remained strong, maintaining double-digit growth at +12% YoY.
As a result, operating income improved by 800 million yen YoY due to the growth of stores, and the segment remained profitable.
Global
Sales decline was limited due to strong performance of Hong Kong stores. Unprofitable due to sluggish Korean business, but all other businesses remained profitable.
TOPICS：
Opening the second large-scale flagship store, @cosme OSAKA, this fall.
Stores continued to drive performance. Record sales and improved profit by 1.1 billion yen.
Results
Net sales
:
30,934
Million yen
YoY
:
121.5
%
OP
:
544
Million yen
YoY
:
+1,128
Million yen
On
Sales promotion services grew along with store growth, and BtoB services remained strong.
Platform
Net sales
:
5,838
Million yen
YoY
:
107.2
%
OP
:
1,045
Million yen
YoY
:
163.9
%
Beauty Service
Achieved double-digit growth YoY with store sales of +45% and EC sales of +12%. Increased sales in stores contributed significantly to increased profit.
Net sales
:
20,897
Million yen
YoY
:
130.7
%
OP
:
884
Million yen
YoY
:
+803
Million yen
Global
China cross-border EC taking time to recover, however Hong Kong stores doing well.
Unprofitable due to sluggish Korean business.
Net sales
:
3,206
Million yen
YoY
:
95.6
%
OP
:
-79
Million yen
YoY
:
+65
Million yen
Other
Increased sales due to increased number of staff in operation in the Temporary Staffing business.
Net sales
:
OP
:
994
9
Million yen
Million yen
YoY :
YoY :
145.1
48.0
%
%
Sales and profit figures are expressed in units of millions of yen(rounded)
Istyle Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:32:10 UTC.
istyle Inc. is engaged in the operation of cosmetics portal Website under the name @cosme. The Company operates in four segments. The On Platform segment includes marketing business in Japan and overseas, service for premium members. The Beauty Service segment includes the operation of cosmetics e-commerce (EC) sites in Japan and the operation of the cosmetics specialty store. The Global segment includes services developed outside Japan. The Others segment includes the temporary staffing business, which dispatches beauty salon staff, and the investment development business, which invests in companies with a wide range of growth stages, including companies that have not been established.
ISTYLE INC. 
