Global Style Co.,Ltd.

Business Details

The company's core business is the planning and sale of made-to-order suits, shirts, coats, shoes, and other items for men, women, and children. It operates multiple store formats including "GINZA Global Style," "GINZA Global Style COMFORT," "GINZA Global Style PREMIUM," and "Premium Marunouchi," offering a high-value-added store experience featuring private fitting rooms and waiting cafes. It adopts an SPA model with price points starting from ¥38,000 (excluding tax) per suit, combining high quality with value for money.

Recent Overview

Net sales rose 8.3% year on year to ¥9,489 million, but operating profit declined slightly due to increased costs.

Net sales for the third quarter cumulative period (August 2025 to April 2026) of FY2026 (ending March 2026) grew steadily to ¥9,489 million (up 8.3% year on year). However, selling, general and administrative expenses rose to ¥4,525 million (up 8.8% year on year) due to increased personnel costs and rent associated with the two new store openings, as well as higher advertising expenses from the "Gachi Suit" marketing campaign, resulting in a slight decline in operating profit to ¥717 million (down 0.2% year on year). Cumulative views of the "Gachi Suit" SNS short drama surpassed 70 million by the end of April, contributing to growth in purchases by new customers. The full-year earnings forecast (net sales of ¥12,588 million, operating profit of ¥850 million) remains unchanged, while the dividend forecast has been raised from ¥33.00 in the prior period to ¥47.00.

Key Products

Growth Drivers

• Aggressive new store openings in designated cities and areas near major metropolitan areas nationwide (41 stores as of the end of the third quarter of FY2026, ending March 2026)
• The "Gachi Suit" marketing campaign's SNS short drama surpassed 70 million cumulative views (from its October launch through the end of April), contributing to growth in new customer purchases and expanded brand awareness
• Full-scale launch of the Tax-Free & Overseas Delivery Service to capture robust inbound demand
• Response to the trends of business casualization and rising temperatures, and new customer acquisition through the launch of new products such as the "ZERO Like Model"
• Continued growth in GS App Club and GS Club membership (638,537 as of the end of July 2025), strengthening customer retention
• Expansion of the customer base through an expanded product lineup including women's blouses and men's down coats

Risks

• Rising procurement costs due to the depreciation of the yen (higher import costs for fabrics and other materials)
• Risk of a downturn in personal consumption due to consumers' cost-conscious spending and rising prices
• Pressure on profits from increased selling, general and administrative expenses associated with new store openings and marketing initiatives (SG&A expenses grew at a rate exceeding that of net sales during the third quarter cumulative period)
• The impact on logistics and manufacturing costs of rising crude oil prices amid escalating tensions in Iran
• The impact of fluctuations in financial and capital markets on consumer sentiment
• The impact of Japan-China relations on the economy and procurement