Kusuri No Aoki Holdings (3549) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥120,333 million, up 12.0% year-over-year, with operating profit at ¥7,339 million, up 10.2% year-over-year, and net income attributable to shareholders at ¥5,249 million, up 9.6% year-over-year.

• Growth driven by increased inbound demand, improved employment environment, and strong sales of food and pharmacy products.

• 3 new stores and 20 new pharmacy outlets opened, bringing total stores to 956 at quarter-end.

• Continued focus on store renovations and expanding fresh food offerings to meet diverse customer needs.

Financial highlights

• Operating profit excluding stock compensation expense was ¥7,732 million, up 16.1% year-over-year.

• Ordinary profit excluding stock compensation expense was ¥7,793 million, up 15.3% year-over-year.

• EPS for Q1 was ¥55.50, up from ¥50.63 year-over-year.

• Comprehensive income for Q1 was ¥5,080 million, up 4.0% year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥485,000 million, up 11.0% year-over-year.

• Full-year operating profit forecast is ¥25,107 million, up 35.2% year-over-year; net income forecast is ¥18,107 million, up 47.1% year-over-year.

• No change to previously announced guidance as Q1 results are in line with plan.

• Excluding stock compensation, full-year operating profit is forecast at ¥25,500 million (up 0.5%), net income at ¥18,500 million (down 3.2%).