Q1 (Mar–May 2026) · Year-to-Date
Revenue¥80.3bn+3.7%
Operating profit¥7.9bn+40.5%
Net income¥3.9bn−10.6%
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 against a prior year that carried a one-off gain. 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%).