TO OUR SHAREHOLDERS
I would like to express my appreciation for your continued support and understanding of the Company.
In July this year, istyle celebrated its 25th anniversary. Let me take this opportunity to express my heartfelt thanks to all of you for your support, which has enabled us to come this far. The 25th business term (the fiscal year ended June 30, 2024) saw the fruition of encounters between our brands and the users we have cherished throughout our history.
We opened @cosme OSAKA, our second large-scale flagship store, in September last year. This paved the way for the spread of new purchasing experiences and the @cosme worldview among our users, many of whom visited not only our physical stores but also our E-commerce site. We also saw further growth in marketing solution, a B2B service that valorizes the encounters between users, products and brands through forums integrating online and offline sales, and made further progress towards platform synergies.
As a result, we recorded our highest-ever level of consolidated net sales. Operating income, too, recovered to the second highest level yet. Our two large-scale flagship stores alone generated over 10 billion yen in annual net sales, and I feel strongly that our business model, conveying the @cosme worldview, has now become firmly established.
In the 26th business term, we will expand into new domains outside cosmetics to generate further value from the trust we have built up throughout our history. With the rise in interest in well-being and health awareness in recent years, an increasing number of consumers aspire not only to be beautiful but to keep living in their own style, always. With the extension of beauty age and healthy lifespan, I feel a sure sense of the expanding possibilities that we can offer across the entire beauty market. Our preparations are at last complete, including the cultivation of encounters between users and brands and the enhancement of our organizational structure and equity capital, and we will make this fiscal year our first step towards this new future.
With the combined strength of all our employees, we will strive with all our might to achieve further growth and development.
I greatly appreciate your ongoing support.
September 2024
Tetsuro Yoshimatsu, Chairperson and Chief Executive Officer
