Maxvalu Tokai Co (8198) Q2 2027 earnings summary

Executive summary

• H1 FY2027 operating revenue reached a record ¥192.884bn, up 0.2% YoY; operating profit fell 16.3% to ¥4.889bn as SG&A grew faster than gross profit.

• Existing-store sales were 99.3% YoY versus total-store sales of 100.5%; H1 priorities included store expansion, fresh-food and local-product offerings, productivity, and non-store channels.

Financial highlights

• H1 sales were ¥188.878bn, up 0.2% YoY; gross profit was ¥54.517bn.

• Ordinary profit was ¥5.090bn, down 14.8% YoY; parent-attributable net income was ¥3.256bn, down 42.5%.

• Gross profit increased ¥388m, but SG&A rose ¥1.340bn, reducing operating profit by ¥951m YoY.

• Comprehensive income was ¥3.645bn versus ¥5.788bn in the prior-year interim period, down 37.0%.

• Total assets were ¥151.259bn; net assets rose ¥0.950bn from FY2026 year-end to ¥98.002bn.

Outlook and guidance

• FY2027 guidance remains unchanged: operating revenue ¥400.0bn, operating and ordinary profit ¥14.7bn, and parent-attributable net income ¥9.3bn.

• Forecast EPS is ¥291.66 and annual dividend is ¥85 per share; H2 sales growth is expected to support the full-year plan.

• H2 priorities include improving customer traffic, expanding Topvalu and fresh-food/deli sales, strengthening local ties, and growing digital and non-store customer access.