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Kusuri No Aoki Holdings (3549) investor relations material
Kusuri No Aoki Holdings Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue rose 13.0% year-over-year to ¥566,865 million, with operating profit up 1.9% and net profit attributable to shareholders down 3.7%.
Store network expanded to 1,144 locations, including 1,107 drugstores and 31 supermarkets, driven by new openings and acquisitions.
The company accelerated its "Food & Drug" one-stop shopping model and increased the number of stores with in-house pharmacies.
Financial highlights
Operating profit: ¥27,096 million (+1.9% YoY); Ordinary profit: ¥27,722 million (+0.8% YoY).
Net profit attributable to shareholders: ¥17,133 million (-3.7% YoY).
Comprehensive income: ¥20,618 million (+14.3% YoY).
Gross margin improved as sales mix shifted toward food and fresh products.
Segment sales: Health +4.4%, Beauty +6.9%, Life +8.0%, Food (ex-fresh) +16.0%, Fresh +21.4%, Pharmacy +15.3% YoY.
Outlook and guidance
FY2027 forecast: Revenue ¥640,000 million (+12.9% YoY), operating profit ¥32,000 million (+18.1%), net profit ¥19,000 million (+10.9%).
Plans to open 90 new drugstores and 31 new in-store pharmacies, focusing on dominant market expansion and food category growth.
Industry environment expected to remain challenging due to inflation, labor costs, and competitive pressures.
- Strong revenue and profit growth, with robust FY2025 outlook and continued expansion.3549
Q4 202413 Jul 2026 - Q1 revenue and profit rose over 10% year-over-year, with strong outlook maintained.3549
Q1 202513 Jul 2026 - Strong first-half profit growth and expanded store network, with robust food sales contribution.3549
Q2 202513 Jul 2026 - Strong sales and acquisitions drove double-digit profit and revenue growth, with guidance unchanged.3549
Q3 202513 Jul 2026 - Strong profit growth on higher sales and store expansion, but profit to decline next year.3549
Q4 202513 Jul 2026 - Q1 revenue up 16.1% year-over-year, but profit margins declined amid higher costs and competition.3549
Q1 202613 Jul 2026 - Strong first-half growth, but full-year profit expected to decline; special dividend announced.3549
Q2 202613 Jul 2026 - Nine-month profit rose 10.3% on strong sales, but full-year profit is forecast to decline.3549
Q3 202613 Jul 2026
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