Kusuri No Aoki Holdings (3549) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended February 2026 rose 13.7% year-over-year to ¥422.8 billion, with operating profit up 7.4% and net profit attributable to shareholders up 10.3%.

• Store network expanded to 1,095 locations, including 71 new drugstores and 35 new pharmacy outlets; acquisition of Miwa Shoten (supermarket) completed.

• Business environment remains challenging due to intensified competition, rising costs, and consumer thrift amid economic uncertainty.

Financial highlights

• Operating profit reached ¥21.4 billion, up 7.4% year-over-year; recurring profit was ¥21.8 billion, up 6.6%.

• Net profit attributable to shareholders was ¥15.4 billion, up 10.3% year-over-year.

• EPS for the period was ¥157.82, compared to ¥137.65 in the prior year.

• Comprehensive income increased 31.9% to ¥18.3 billion.

Outlook and guidance

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

• No change to previously announced guidance; performance is tracking in line with plan.

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