JINS HOLDINGS (3046): June: SSS -0.1%, impacted by unfavorable weather

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JINS HOLDINGS (3046): June: SSS -0.1%, impacted by unfavorable weather

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JINS HOLDINGS (3046)

June: SSS -0.1%, impacted by unfavorable

weather

Reiterate Rating: BUY | PO: 8,990 JPY | Price: 8,180 JPY

One fewer weekend day 03 July 2026

JINS announced June monthly sales after the close on July 3. Same-store sales (SSS) Equity

declined 0.1%, slowing from the 3Q (March-May) trend. In addition to one fewer

weekend day, sales were affected by low temperatures, typhoon-related weather, and Arashi Nishizawa >> Research Analyst

other unfavorable weather factors, as was the case for other retailers. BofAS Japan

+81 3 6225 6402

New stores likely also affected by weather arashi.nishizawa@bofa.com Daisuke Aikawa >>

The gap between all-store sales growth and SSS growth narrowed to 7.7ppt from 9.2ppt Research Analyst

in May. We believe new stores, including the Ginza and Shinjuku stores that had been BofAS+81 3 6225Japan7196

making a significant contribution, were likely also affected by weather. We will monitor daisuke.aikawa@bofa.com

July trends closely.

Second phase of JINS 25th anniversary sale underway Stock Data

JINS is running the second phase of its 25th anniversary sale from June 11 to July 8. The

company is offering a 10% discount on Combination Titanium products and preparing Price 8,180 JPY

sale items with discounts of up to 50%. The third and fourth phases of the campaign are Price Objective 8,990 JPY

also scheduled to be held going forward. Although recent SSS were affected by weather, Date Established 5-Jun-2026

we believe the stock remains attractively valued given JINS’ rising presence in Japan’s Investment Opinion C-1-7

eyewear market. 52-Week Range 4,920-10,330 JPY

Market Value (mn) 196,156 JPY