HABA LABORATORIES, INC.【JP:4925】Stock Price

Harbor Research Institute primarily manufactures and sells cosmetics and health supplements. The company's research and development is handled by an in-house specialized department that focuses on product development. Cosmetics manufacturing is conducted by Harbor Corporation, Harbor Cosmetics Corporation, and external contract manufacturers.

For health supplements, manufacturing is performed by Harbor Corporation as well as outsourced to external manufacturers according to specified requirements. The sales structure is diverse, encompassing mail-order sales, wholesale sales to retailers and distributors, department store sales, and direct store sales.

Mail-order sales are processed through call centers in Sapporo, Hokkaido and Fukuyama, Hiroshima Prefecture. Product shipment is handled by Harbor Cosmetics Corporation at distribution centers in Tako, Katori County, Chiba Prefecture and Fukuyama, Hiroshima Prefecture. Department store sales operate on a consignment basis, with revenue recognized only for products directly sold to consumers.

Since its founding in 1983, Harbor Research Institute has upheld the philosophy of "Health Aid Beauty Aid" and maintained its commitment to additive-free products. Going forward, the company will continue to uphold this philosophy and pursue sustainable growth and sustainability by providing sincere products across all operations—from product development and manufacturing to sales and logistics.

In its Second Medium-Term Management Plan (fiscal year ending March 2026 through fiscal year ending March 2028), the company aims to strengthen its foundation and expand its business, with key priorities including strengthening human capital, improving profit structure, enhancing product development, and expanding customer touchpoints. These efforts will improve profitability and drive business growth.

Specific initiatives include strengthening human capital through the introduction of a new personnel evaluation system and expansion of training and development programs. The company will also improve its profit structure by promoting a scrap-and-build approach in its retail business and establishing inventory reduction mechanisms.

In product development, the company will pursue renewal of its core skincare products and develop new functional food products, while focusing on developing exclusive products for different sales channels. To expand customer touchpoints, the company will revise its Club Harbor membership program, expand new product offerings, and diversify its advertising and promotional methods.

Harbor Research Institute projects consolidated net sales of 12,550 million yen and operating profit of 500 million yen for the fiscal year ending March 2026, with targets of 16 billion yen in sales and 1.2 billion yen in operating profit for the fiscal year ending March 2028. The company aims for future sales of 20 billion yen and an operating profit margin of 20%.

The company promotes management with awareness of capital costs and stock price, utilizing return on equity (ROE) as a key performance indicator. Through analysis combining ROE and price-to-earnings ratio (PER), the company identifies strategic priorities for enhancing corporate value and works to improve sustainable returns.