LOOK HOLDINGS INCORPORATED

Business Details

Domestic and overseas consolidated subsidiaries operate across four regions: "Japan," "Korea," "Europe," and "Other Overseas." In Japan, LOOK Inc. and A.P.C.Japan Co., Ltd. sell women's apparel and other items through directly-operated stores, department stores, and e-commerce. In Korea, I.D.LOOK Co., Ltd. and I.D.JOY Co., Ltd. operate through department stores, commercial facilities, and e-commerce. In Europe, Il Bisonte S.p.A. manufactures leather products in-house and sells them through wholesale, directly-operated stores, and e-commerce. In the US, Il Bisonte USA Inc. operates directly-operated stores and wholesale operations. Core brands include import brands such as "Il Bisonte," "Marimekko," and "A.P.C."

Recent Overview

Revenue and profit increased significantly across all regions. In Korea, profit rose 367.8% year on year, driven by strong final sales and an increase in visitors to Korea

In the first quarter of FY2026 (ending December 2026) (January to March), revenue (external customers) in the Apparel-related Business was ¥13,371 million (up 8.2% year on year), and segment operating profit rose sharply to ¥1,233 million (up 146.3% year on year). In Korea, profit expanded rapidly due to the success of the final sale associated with the termination of the SMCP agreement. Europe turned profitable, reversing a loss in the same period of the previous year. In the US, the loss narrowed. In Korea, sales of the new brand "SOEUR" were launched, marking the start of cultivation of a new business.

Key Products

Growth Drivers

• Expansion of core import brands (Il Bisonte, Marimekko, A.P.C.) through aggressive new store openings
• Collaboration initiatives aimed at enhancing brand value (such as the Japan-limited A.P.C. collaboration) and rollout of Japan-limited collections
• Promotion of OMO initiatives in the e-commerce business (advance reservations, limited-edition product sales, etc.)
• Steady sales trends at directly-operated stores in Europe (Italy) driven by tourism demand, and increased wholesale orders for Japan
• Growth in foot traffic at commercial facilities in Korea driven by an increase in foreign tourists visiting Korea
• Diversification of the business portfolio through the launch of the new brand "SOEUR" in Korea

Risks

• Korea business: exclusive distribution agreement with SMCP Holding SAS has ended, expected to cause a significant decline in Korea revenue (a factor reducing full-year revenue year on year)
• Negative foreign exchange translation impact from the continued weak Korean won trend, and downside risk to the economy from US trade policy
• Risk of weak sales of seasonal products (spring coats, occasion-wear items, etc.) due to unfavorable weather
• Sluggish domestic demand due to a slowdown in inbound consumption (decrease in Chinese tourists, etc.) and heightened defensive consumer spending sentiment in Japan
• Rising procurement costs (increased costs for import brands) due to the continued yen depreciation trend
• Growing uncertainty in the global economy and negative impact on consumer sentiment amid escalating tensions in the Middle East and other factors