Moncler Group

Global luxury groups · MONC.MI

The Japan read

From the company's own filing for H1 2026 (to June) · reported 2026-07-22 · the filing

Not disclosedMoncler does not report Japan separately; it sits in Asia (with APAC and Korea), where Moncler-brand revenue rose 19% at constant rates to €592.9m, slowing to +12% in Q2, with China and Korea leading.
JapanOn the results call, management said Japan grew only at a 'positive single-digit' rate in Q2 within Asia, and that spending by Japanese customers was 'flattish' by nationality.

Other callouts in the filing

SegmentStone Island's Asia revenue rose 25% at constant rates to €60.4m, and management called Japan and Korea 'very, very, very strong' for the brand.
BasisCurrency trimmed Moncler-brand Asia growth to 13% as reported from 19% at constant rates; Asia rose to 54.4% of brand revenue from 50.6%.
One-offEBIT absorbed €8.0m of one-off charges tied to the new governance structure, about 60 basis points of margin; the group expects roughly €10m for the full year.
OutlookNo numeric outlook: Moncler flagged a 'high level of uncertainty and volatility' going into H2, but still expects marketing spend of around 7% of full-year revenue.

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.

Show figures in

H1 2026 (to June) · Year-to-Date

Reported 2026-07-22

Revenue€1.3bn+5.0%

EBIT€0.2bn+9.2%

Net income€0.2bn+7.3%

The down-jacket maker grew first-half revenue 9% at constant currency and lifted its EBIT margin to 19.0%. It doesn't break out Japan, folding it into an Asia region that rose 19% for the Moncler brand, with China and Korea outperforming in the second quarter.