From the company's own filing for H1 (Mar–Aug 2026) · reported 2026-09-30 · the filing ↗
▲ +3.2%Japan salesDomestic apparel & goods sales, as reported.
JapanDomestic apparel and goods sales rose 3.2% to ¥133.1bn, 87.5% of the group. Growth faded through the half: Adastria's own sales were up 3.8% for March–August but only 0.8% in June–August.
JapanThe largest brand, GLOBAL WORK, was flat at ¥26.1bn (+0.1%) as the company held back on sales, while niko and… rose 8.8% and Repsim 13.7%; Element Rule fell 4.3% on weak spring-summer lines.
StoresAND ST opened 29 stores in Japan and closed 20, ending August with 1,453 domestic stores and 1,618 in all, 165 of them overseas. Online made up 27.3% of domestic sales, and its and ST membership grew by 1.0 million to 22.7 million.
Other callouts in the filing
One-offExtraordinary losses included the ¥1.23bn special merit payment to two retiring directors and ¥129mn of store impairments, which is why net income fell while operating profit rose by a third.
BasisOverseas sales fell 11.4% only because the US business was exited in July 2025; in yen, mainland China grew 24.2%, Hong Kong 16.2% and Taiwan 22.5%.
OutlookFull-year guidance of ¥314.0bn revenue and ¥17.2bn operating profit was kept although first-half operating profit ran about ¥1.5bn ahead of plan; the company says the hold does not assume a weaker second half.
floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.
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floortok holds 2 reported periods for this company.
Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.
H1 (Mar–Aug 2026) · Year-to-Date
Reported 2026-09-30
Revenue¥152.1bn▲ +1.9%
Operating profit¥10.7bn▲ +34.6%
Net income¥6.0bn▼ −0.6%
Q2 alone (Jun–Aug 2026)
Revenue¥71.8bn—
Operating profit¥2.9bn—
Net income¥2.0bn—
Japan▲ +3.2%Domestic apparel & goods sales, as reported.
AND ST Holdings — the group behind GLOBAL WORK, niko and… and LOWRYS FARM, renamed from Adastria — grew revenue 1.9% to ¥152.1bn in March–August 2026 and lifted operating profit 34.6% to ¥10.7bn, as fewer markdowns and strong full-price spring-summer selling raised the gross margin 1.3 points to 56.5%. Net income slipped 0.6% to ¥6.0bn, held back by a ¥1.23bn special payment to two retiring directors. Full-year guidance stays at ¥314.0bn revenue and ¥17.2bn operating profit.
Q1 (Mar–May 2026) · Year-to-Date
Reported 2026-06-30
Revenue¥80.3bn▲ +3.7%
Operating profit¥7.9bn▲ +40.5%
Net income¥3.9bn▼ −10.6%
Japan▲ +5.4%Domestic apparel & goods sales, as reported.
AND ST Holdings — the group behind GLOBAL WORK, niko and… and LOWRYS FARM, renamed from Adastria — grew revenue 3.7% to ¥80.3bn in March–May 2026 and lifted operating profit 40.5% to ¥7.9bn. Net income fell 10.6% to ¥3.9bn on a one-off ¥1.23bn special payment to two retiring directors. This is the volume tier of the Japanese floor: a few hundred shops in the malls and station buildings that department stores compete with. Full-year guidance was left at ¥314.0bn revenue (+3.2%).
JapanDomestic apparel and goods sales rose 5.4% to ¥70.8bn, 88% of the group; the company credits warm weather lifting casual demand, TV ads and point promotions, plus Karrimor, acquired in April 2025.
JapanAdastria's physical-store sales rose 6.6%; Repsim grew 18.5%, but the largest brand, GLOBAL WORK (¥14.9bn), managed only 2.4%, a recovery management calls 'halfway'.
StoresAND ST opened 23 stores in Japan and closed five, ending May with 1,462 domestic stores, a count that includes 111 web stores; 12 stores were refitted group-wide.
One-offThe company puts the net-income decline down to a one-off ¥1.23bn special merit payment to two retiring directors, booked as an extraordinary loss alongside ¥71mn of store impairments.
BasisOverseas sales fell 12.6% only because the US business was exited in July 2025; excluding the US they rose 20.2% in yen and 13.3% in local currency, with Taiwan leading.
OutlookFull-year guidance of ¥314.0bn revenue and ¥17.2bn operating profit was kept even though first-quarter operating profit ran about ¥1.5bn ahead of plan, citing second-half currency and cost risks.