Makiya Co (9890) investor relations material

Executive summary

• Consolidated net sales reached ¥93,673 million, up 4.8% year-over-year, driven by strong food segment performance, EC business growth, and new store openings.

• Operating income declined 5.9% year-over-year to ¥2,133 million due to increased personnel costs and one-time expenses from store closures and renovations.

• Net income attributable to shareholders decreased 1.8% year-over-year to ¥1,470 million, impacted by special losses from store closures.

• Continued expansion of the store network, with notable growth in Daiso and reuse business segments, and focus on productivity improvements and sustainability initiatives.

Financial highlights

• Consolidated net sales: ¥93,673 million (+4.8% year-over-year); Operating income: ¥2,133 million (2.3% margin, -5.9% year-over-year); Ordinary income: ¥2,374 million (+0.3% year-over-year); Net income: ¥1,470 million (-1.8% year-over-year).

• EPS: ¥147.05 (-1.9% year-over-year); BPS: ¥2,239.04 (up from ¥2,080.90 year-over-year).

• Comprehensive income rose 14.0% year-over-year to ¥1,869 million.

• Cash and equivalents at year-end: ¥3,301 million, down ¥1,154 million from the previous year.

• Dividend per share increased to ¥30 (from ¥25), with a further increase to ¥38 planned for the next fiscal year.

Outlook and guidance

• FY2027 forecast: net sales ¥96,800 million (+3.3%), operating income ¥2,150 million (+0.8%), net income ¥1,500 million (+2.0%).

• Plans for continued store expansion, especially in Daiso and food markets, and further EC business growth.

• Focus on cost reduction, inventory turnover improvement, and maximizing gross profit through private and local brands.

• Annual dividend forecast raised to ¥38 per share (up 26.7%).