Makiya Co (9890) Q1 2025 earnings summary

Executive summary

• Revenue increased 13.7% year-over-year to ¥20,974 million, driven by strong food segment performance and EC business contribution, but operating profit fell 9.7% to ¥439 million and net profit declined 6.1% to ¥340 million due to higher personnel costs and one-time renovation expenses.

• The company focused on expanding EC and physical store synergies, improving inventory management, and reducing markdown and disposal losses by about 8% year-over-year.

• Membership in the prepaid point system exceeded 150,000, supporting digital marketing and customer engagement initiatives.

• Sustainability efforts included preparing solar panel installations at three additional stores, bringing the total to 11.

Financial highlights

• Revenue: ¥21,131 million, up 13.6% year-over-year; Operating profit: ¥439 million, down 9.7% year-over-year; Net profit: ¥340 million, down 6.1% year-over-year.

• Gross profit: ¥4,995 million, up 20.7% year-over-year.

• EPS: ¥34.07, down 6.1% year-over-year.

• Comprehensive income was ¥384 million, down 7.6% year-over-year.

Outlook and guidance

• No changes to full-year guidance: revenue forecast at ¥86,900 million (+13.3% YoY), operating profit ¥2,410 million (+0.6% YoY), net profit ¥1,500 million (+3.1% YoY).

• Interim dividend forecast raised to ¥12.50 per share, with full-year dividend expected at ¥25.00 per share.