MatsukiyoCocokara & Co (3088) Q3 2026 earnings summary

Executive summary

• Net sales rose 4.7% year-over-year to ¥839.3 billion for the nine months ended December 31, 2025, with operating profit up 4.2% to ¥64.2 billion and profit attributable to owners of parent up 3.3% to ¥42.6 billion.

• Growth was driven by increased consumer movement, strong cosmetics sales, new store openings, and the consolidation of new subsidiaries including Shinseidoyakkyoku and And Company.

• Strategic focus included differentiation through unique platforms, investment in digital and store infrastructure, and expansion via M&A and overseas markets.

Financial highlights

• EBITDA increased 4.0% year-over-year to ¥81.6 billion; EBITDA margin was 9.7%.

• Gross profit improved to ¥293.8 billion, with gross profit margin rising to 35.9%, up 0.4 points year-over-year.

• Basic earnings per share rose to ¥106.79 from ¥100.51 year-over-year.

• Comprehensive income grew 8.2% to ¥44.4 billion.

• Total assets increased to ¥736.2 billion, and net assets to ¥530.4 billion as of December 31, 2025.

Outlook and guidance

• No revisions to the full-year FY2025 consolidated earnings forecast; net sales expected at ¥1,100 billion, operating profit at ¥85.5 billion, and profit attributable to owners at ¥56.5 billion.

• Annual dividend forecast raised to ¥48.00 per share.