JM Holdings (3539) Q2 2025 earnings summary

Executive summary

• Revenue increased by 6.7% year-over-year to ¥92,836 million for the first half of FY2025, driven by steady sales in supermarket and restaurant businesses.

• Operating income declined 4.9% year-over-year to ¥4,974 million due to one-time costs from new store openings and higher food costs.

• Net income attributable to shareholders rose 2.5% year-over-year to ¥2,830 million.

Financial highlights

• Gross profit margin decreased by 0.4 percentage points year-over-year, mainly due to higher rice and food prices.

• Comprehensive income for the period was ¥2,780 million, down 3.6% year-over-year.

• EPS for the period was ¥109.89, up from ¥103.48 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥180,000 million, up 4.4% year-over-year.

• Operating income is projected at ¥9,900 million (+8.2%), and net income at ¥6,200 million (+13.4%).

• No changes to previously announced guidance.