I alerted the SSS (same store sale) turnaround of Workman in 9/24 (my 9/24 note attached). The stock has appreciated 40% since then (actually all the gains came this year).

Workman’s SSS trend update is available in my note to the clients.

Over the periods of July 23 through September 25. Overall, sales followed an upward trajectory, driven by structural reforms such as increasing the private brand ratio and strengthening logistics. In addition, the extreme summer weather boosted demand for heat‑reducing clothing and accessories, further contributing to the positive trend.

Warm winter impact:

Sales experienced a significant decline in December 2023 and October 2024, primarily due to unusually warm winter conditions that dampened demand for seasonal apparel and related accessories. In contrast, however, October 2025 saw a 19% increase, driven by strong sales of fall merchandise and year‑round products—particularly “recovery wear.”

 

In my view outlined to my client note, recovery wear has become a meaningful growth driver, marking Workman’s transition into the next phase of its turnaround.

If you’re interested in learning more about Workman 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. Some of my clients who have a dedicated Japan research team find my take unique and actionable.  Interested? Please DM me in LinkedIn!

#workman #tential #recoverywear #sleeptech #Japanesegrowthstocks #Japanesestocks