Richemont

Global luxury groups · CFR.SW

The Japan read

From the company's own filing for Q1 FY2027 (Apr–Jun 2026) · revenue only · reported 2026-07-15 · the filing

+36.0%Japan salesExcludes currency swings. Including them, Japan sales rose 20%.

JapanJapan sales rose 36% at constant rates to €632m (+20% reported) on local demand and tourist spend, reversing last year's 15% fall; every business area grew double digits, led by jewellery.
JapanOnline retail sales rose 18% in the quarter, with Japan named first among the markets posting the strongest increases, ahead of the Americas and Asia Pacific.
Not disclosedThis is a sales-only trading update with no profit figures; Japan was about 10% of quarterly group sales (€632m of €6,329m). Interim results are due on 13 November 2026.

Other callouts in the filing

BasisThe yen averaged ¥185 per euro against ¥164 a year earlier, which is why Japan's reported growth (+20%) trailed the constant-rate figure by 16 points (floortok's arithmetic).
SegmentSpecialist Watchmakers (+8%) improved sequentially, with double-digit growth in Japan, which led the division alongside the Americas and the Middle East & Africa.

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

floortok holds 2 reported periods for this company.

Q1 FY2027 (Apr–Jun 2026) · revenue only · Year-to-Date

Reported 2026-07-15revenue only

Sales€6.3bn+17.0%

Operating profit——

Net income——

Japan+36.0%Excludes currency swings. Including them, Japan sales rose 20%.

Cartier's owner opened its new financial year (April–June 2026) with group sales up 20% at constant exchange rates to €6.3bn (+17% as reported) — a revenue-only trading update, no profit figures disclosed. Japan was the standout region, surging 36% at constant currency, a sharp reversal from a 15% decline a year earlier, as local demand and tourist spending strengthened; Jewellery Maisons (+24%) led globally.

Full year to March 2026

Reported 2026-05-22

Revenue€22.4bn+5.0%

Operating profit€4.5bn+1.0%

Net income€3.5bn+27.0%

Cartier's owner closed its year to March 2026 with sales up 11% at constant currency (+5% reported) and net profit up 27%, its jewellery maisons leading. Momentum then accelerated: in the June quarter group sales rose 20% at constant currency — with Japan up a striking 36% on local demand and returning tourists.

BasisSales grew 11% at constant currency but 5% as reported, the gap being currency.
SegmentThe jewellery maisons led the year.