Maxvalu Tokai Co (8198) Q2 2025 earnings summary

Executive summary

• Achieved record highs in consolidated operating revenue, operating profit, ordinary profit, and net profit attributable to parent company shareholders for the first half of the fiscal year compared to the same period last year.

• Revenue increased 3.6% year-over-year to ¥188.1 billion, with operating profit up 8.6% to ¥6.28 billion and net profit attributable to shareholders up 10.7% to ¥4.03 billion.

• Growth was driven by new store openings, remodels, expanded product offerings, digital initiatives, and operational improvements.

• Expanded non-store business with new mobile supermarkets, unmanned Max Mart stores, and Uber Eats locations.

• Digital initiatives advanced, including surpassing 700,000 iAEON favorite store registrations and completion of cashless self-checkout installation.

Financial highlights

• Operating revenue reached ¥188,076 million (up 3.6% year-over-year), operating profit ¥6,277 million (up 8.6%), ordinary profit ¥6,272 million (up 8.6%), and net profit attributable to shareholders ¥4,032 million (up 10.7%).

• EPS was ¥126.51 (up from ¥114.38 year-over-year).

• Comprehensive income was ¥3,992 million (up from ¥3,712 million year-over-year).

• Total assets increased by ¥13.1 billion to ¥143.2 billion; net assets rose by ¥7.0 billion to ¥82.7 billion.

• Free cash flow was ¥3,433 million (down from ¥8,848 million year-over-year).

Outlook and guidance

• Full-year forecast: operating revenue ¥377,000 million (+2.8% YoY), operating profit ¥13,700 million (+1.6% YoY), net profit attributable to shareholders ¥8,400 million (+1.0% YoY).

• Annual dividend forecast: ¥75 per share (¥70 regular, ¥5 commemorative), up ¥15 from previous year.

• No revision to previously announced guidance.