Richemont's Japan sales rise 30% in local terms as profit growth outpaces sales
Japan was Richemont's fastest-growing region at constant exchange rates in the half to September, with sales up 30%, as the Cartier and Van Cleef & Arpels owner's operating profit grew roughly twice as fast as sales, helped in part by a one-off tariff item. In Japan, the growth looks to have come from more spending per visitor rather than a bigger crowd -- and a weaker yen trimmed, rather than flattered, the euro figure.
Richemont, the Swiss luxury group behind Cartier, Van Cleef & Arpels and a stable of watch and jewellery maisons, grew sales in Japan by 30% at constant exchange rates in the six months to 30 September 2026 -- its fastest-growing region on that basis -- and by 18% as reported, the company said in half-year results released on 13 November. The release listed Japan first among the regions leading the half, ahead of the Americas (+23%) and Asia Pacific.