Treasure Factory Co.,LTD.
3093・Prime Market・Retail Trade
Reuse Business
Core business accounting for over 97% of group sales. Multi-format reuse shops deployed nationwide.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (Q1 cumulative, FY2027 ending February 2027) | ¥13,404 million | ¥11,478 million (Q1 cumulative, FY2026 ending February 2026) | ↑ |
| Segment profit (Q1 cumulative, FY2027 ending February 2027) | ¥2,264 million | ¥1,945 million (Q1 cumulative, FY2026 ending February 2026) | ↑ |
| Segment revenue YoY change | up 16.8% | - | ↑ |
| Segment profit YoY change | up 16.4% | - | ↑ |
| Standalone existing-store sales YoY change | up 6.6% | up 4.6% (full year FY2026 ending February 2026) | ↑ |
| EC sales YoY change | up 30.8% | up 24.5% (full year FY2026 ending February 2026) | ↑ |
| Total group store count (end of Q1, FY2027 ending February 2027) | 331 stores | 319 stores (end of FY2026 ending February 2026) | ↑ |
| Consolidated merchandise purchasing amount YoY change | up 15.7% | - | ↑ |
Business Details
A business that buys and sells reused goods across a wide range of categories, including clothing, home appliances, furniture, brand-name items, and sporting goods. The company operates multiple formats, including "Treasure Factory," "Trefac Style," "KindOru," "Trefac Sports Outdoor," and "Uselet." It combines a three-channel purchasing system—walk-in, home visit, and home delivery—with its own EC site, pursuing synergy between physical stores and online sales. The domestic group operates 322 stores (as of end of Q1, FY2027 ending February 2027) and has also expanded overseas into Thailand and Taiwan.
Recent Overview
Q1 operating profit reached a record high, with double-digit growth continuing across all categories.
In Q1 of FY2027 (ending February 2027) (March-May 2026), Reuse Business revenue was ¥13,404 million (up 16.8% year on year) and segment profit was ¥2,264 million (up 16.4% year on year), exceeding the initial plan. Double-digit growth was achieved across all categories: clothing (+14.6%), home appliances (+15.9%), fashion accessories (+23.2%), and hobby goods (+20.6%). EC sales accelerated, up 30.8% year on year. The company opened 12 new directly-operated stores (11 domestic, 1 overseas), expanding the total group store count to 331. All purchasing channels performed well: walk-in purchases (+17.7%), home delivery purchases (+16.8%), and on-site purchases (+28.0%). In response, the full-year earnings forecast was revised upward.
Key Products
Growth Drivers
- Entrenchment of cost-conscious consumer behavior amid price increases, expanding demand for reused goods (further supported by inflation, yen depreciation, and inbound demand)
- Network expansion through aggressive new store openings (12 directly-operated stores opened in Q1 of FY2027 (ending February 2027); 331 stores group-wide)
- Steady growth in standalone existing-store sales (up 6.6% year on year in Q1 of FY2027 ending February 2027)
- Strong EC sales growth (up 30.8% year on year in Q1 of FY2027 ending February 2027) and synergy between stores and EC
- Double-digit growth across all categories: fashion accessories (+23.2%), hobby goods (+20.6%), home appliances (+15.9%), and clothing (+14.6%)
- Stabilization and expansion of merchandise procurement through a multi-channel purchasing system including on-site (+28.0%) and home delivery (+16.8%) purchases
- Expanded growth opportunities through overseas expansion into Thailand and Taiwan
Risks
- Intensifying purchasing competition due to multi-store expansion by competitors, growth in purchase-specialist stores, and the spread of flea market apps
- Rising costs of securing and training personnel amid accelerated new store openings
- Risk of decline in net realizable value of inventory (potential inventory valuation losses)
- Impairment risk related to fixed assets and goodwill
- Changes in consumer behavior due to external uncertainties such as price increases and exchange rate fluctuations
- Risk of delays in building the business foundation needed to stabilize earnings from overseas operations (Thailand, Taiwan)
- Adverse effects on consumer sentiment from developments in U.S. trade policy or rising long-term interest rates
Last updated: May 26, 2026