Trial Holdings fell 11% on 8/14/25, following the release of its FY6/25 results on 8/13. While the results slightly exceeded its downwardly revised guidance, the sell-off was driven by disappointing FY6/26 guidance.

 

Trial (Y312 Bn, yes I cover larger cap names too) is a Kyushu based retailer known for its Skip Cart (shopping carts with payment functionality). Mr. Nagata (43), the former head of the IT division, was recently appointed as the Company CEO.

 

The company announced its acquisition of Seiyu (FY 12/24 sales Y483.5Bn, OP Y23.5Bn) on 3/5/25. Seiyu will be consolidated in FY 6/26.

On 5/14/25 guidance lowered for FY6/25 as shown in the attached report. The stock actually went up 9% the following day, maybe because that OP decline was due to a rise in store opening costs.

 

I discuss reasons for lowered guidance for FY 6/25 and disappointing guidance in the attached report.

My full thesis is available for my clients. If you’re interested in learning more about Trial and its growth potential, I’d like to invite you to experience my service—completely free of charge. I am confident that once you discover the value, convenience, and quality I offer, you’ll be glad you gave me a try.

 

As always, I welcome your feedback.

#Trial #Seiyu #lowerguidance #Japaneseretailer #Smartcart #Japanesegrowthstocks