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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
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Trial Holdings
Trial Holdings (141A) investor relations material
Trial Holdings Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary13 Aug, 2026
Executive summary
Achieved record-high consolidated net sales of ¥1,347,109 million (+67.6% YoY) and operating profit of ¥30,371 million (+43.9% YoY), driven by SEIYU acquisition, store network expansion, and strong performance in both TRIAL and SEIYU segments.
Customer satisfaction and traffic improved, with SEIYU's same-store customer traffic exceeding +10% YoY in May and TRIAL's SSS up 2.1% for FY2026.
Net income reached ¥3,522 million, reflecting higher costs, extraordinary losses, and one-time M&A-related expenses.
EBITDA nearly doubled YoY to ¥69,953 million, strengthening cash-generating capacity.
Completed refinancing to syndicated loans, securing stable long-term funding.
Financial highlights
Consolidated net sales: ¥1,347,109 million (+67.6% YoY); operating profit: ¥30,371 million (+43.9% YoY); gross profit: ¥320,290 million (+94.3% YoY); OPM: 2.3%; GPM: 23.8% (+3.3pts YoY).
EBITDA: ¥69,953 million (+100.2% YoY); net income: ¥3,522 million (down 70.0% YoY).
Store count increased to 621 (+269 YoY), including 245 SEIYU stores.
SG&A rose to ¥307,000 million (2.1x YoY), mainly due to SEIYU consolidation and M&A-related costs.
Basic earnings per share fell to ¥28.76 from ¥96.23 YoY.
Outlook and guidance
FY2027 forecast: net sales ¥1,458,200 million (+8.2% YoY), operating profit ¥39,000 million (+28.4%), EBITDA ¥83,100 million (+18.8%), and profit attributable to owners of parent ¥10,700 million (+203.8% YoY).
Basic EPS forecasted at ¥87.15 for FY2027.
SEIYU to prioritize customer base expansion with upfront investments; TRIAL to accelerate synergy monetization and profit growth.
Dividend expected to increase by ¥1.00 per share.
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Latest events from Trial Holdings
- Net sales exceeded ¥1 trillion on SEIYU integration, but profit fell amid higher costs.141A
Q3 2026 - Targets ¥1.63T sales and 16.5% ROE by FY2029, leveraging SEIYU synergies and digital innovation.141ACorporate presentation
- Sales and EBITDA soared, but net profit and equity ratio fell after SEIYU integration.141AQ2 2026
- Net sales and EBITDA soared, but net profit turned negative amid higher costs and liabilities.141AQ1 2026
- Record sales and profit growth, but next year's net profit is set to plunge.141AQ4 2025
- Sales and profits rose, with strong outlook and stable dividends despite higher costs.141AQ1 2025
- Record sales and profit growth, with strong FY2025 outlook and higher dividends.141AQ4 2024
- Double-digit sales growth offset by profit pressure from rising costs and store expansion.141AQ3 2025
- Sales up 11.1% YoY, profits down; outlook strong with store and tech expansion.141AQ2 2025
Next Trial Holdings earnings date
Q1 202712 Nov, 2026
Trial Holdings
Next Trial Holdings earnings date
Q1 202712 Nov, 2026
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Frequently asked questions
Trial Holdings Inc. is a Japanese retail company that operates a chain of discount stores across Japan, providing a wide range of affordable products. Its stores offer various goods, including groceries, household items, electronics, apparel, and daily necessities, catering to budget-conscious consumers. Trial Holdings combines physical stores with online shopping options and utilizes data-driven management to optimize product offerings and pricing strategies. The company is headquartered in Fukuoka, Japan, and its shares are listed on the Tokyo Stock Exchange.