Makiya Co (9890) Q2 2026 earnings summary

Executive summary

• Revenue increased 5.4% year-over-year to ¥45,853 million for the six months ended September 30, 2025, with operating income up 6.0% and net income attributable to shareholders up 7.7%.

• Growth was driven by strong performance in all food segments and an 8.9% increase in EC business sales.

• The company focused on everyday low pricing, collaboration with EC subsidiaries, and operational efficiency improvements.

• Store initiatives included new openings, major remodels, and expansion of solar panel installations to 13 stores.

Financial highlights

• Operating profit reached ¥986 million (up 6.0% year-over-year), ordinary profit ¥1,040 million (up 6.1%), and net profit attributable to shareholders ¥689 million (up 7.7%).

• EPS for the period was ¥68.96, up from ¥64.12 in the prior year.

• Gross profit increased 4.4% year-over-year to ¥10,662 million, maintaining a gross margin of 23.4%.

• Comprehensive income rose 19.3% year-over-year to ¥856 million.

• Segment sales: Fresh foods up 7.1%, daily foods up 8.0%, groceries up 5.1%, EC business up 8.9%.

Outlook and guidance

• Full-year revenue forecast is ¥94,427 million (up 5.6% year-over-year), with operating profit of ¥2,330 million and net profit attributable to shareholders of ¥1,520 million.

• EPS forecast is ¥152.10.

• No changes to previously announced guidance.