Kusuri No Aoki Holdings (3549) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of FY2026 rose 15.2% year-over-year to ¥279.8 billion, with operating income up 6.7% and net income attributable to shareholders up 11.8%.

• Growth driven by new store openings, expansion of food and pharmacy categories, and acquisition of a supermarket chain.

• The group operated 1,082 stores at period-end, including 1,057 drugstores and 19 supermarkets.

Financial highlights

• Operating income reached ¥13.49 billion, up 6.7% year-over-year; ordinary income was ¥13.61 billion, up 5.4%.

• Net income attributable to shareholders was ¥9.64 billion, up 11.8% year-over-year.

• Comprehensive income increased 30.7% to ¥10.85 billion.

• EPS for the period was ¥97.71, compared to ¥86.39 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥560 billion (+11.7% YoY), with operating income projected at ¥23 billion (down 13.5% YoY) and net income at ¥15.5 billion (down 12.9% YoY).

• No change to previously announced full-year guidance.

• Excluding stock compensation expenses, full-year operating income is expected to decrease 14.8% year-over-year.