Makiya Co (9890) Q1 2026 earnings summary

Executive summary

• Revenue increased 8.9% year-over-year to ¥23,007 million, driven by strong performance in food, non-food, and EC segments, as well as improved productivity and cost controls.

• Operating income rose 37.3% year-over-year to ¥603 million, with net income attributable to shareholders up 29.8% to ¥441 million.

• Store network expanded with new and remodeled locations, and environmental initiatives advanced.

Financial highlights

• Operating revenue: ¥23,007 million (up 8.9% YoY); operating profit: ¥603 million (up 37.3% YoY); ordinary profit: ¥639 million (up 37.7% YoY); net profit: ¥441 million (up 29.8% YoY).

• EPS rose to ¥44.17, up 29.6% year-over-year.

• Gross profit increased 8.3% year-over-year to ¥5,410 million, maintaining a gross margin of 23.7%.

• Comprehensive income: ¥530 million (up 38.0% YoY).

• Operating margin improved to 2.6% from 2.1% year-over-year.

Outlook and guidance

• Full-year revenue forecast: ¥94,427 million (up 5.6% YoY); operating profit: ¥2,330 million (up 2.8% YoY); net profit: ¥1,520 million (up 1.5% YoY).

• No change to previously announced guidance.

• EC business continues to show robust growth, up 16.3% year-over-year.

• All food segments (fresh, daily, grocery) and non-food (HBC, reuse) remain strong.