Maxvalu Tokai Co (8198) Q4 2026 earnings summary

Executive summary

• Operating revenue reached a record-high ¥384,951 million, up 2.0% year-over-year, driven by revised pricing strategies and increased customer traffic.

• Operating profit declined 3.6% to ¥13,557 million, and ordinary profit fell 2.2% year-over-year, despite record fourth-quarter profits.

• Net profit attributable to shareholders rose 9.2% to ¥10,249 million, but was impacted by the liquidation of a Chinese subsidiary.

• The company focused on business structure transformation, technology adoption, sustainability, and opened five new stores while remodeling ten.

• Initiatives included expanding local product lines, digital transformation, community engagement, and employee development.

Financial highlights

• Operating revenue: ¥384,951 million (+2.0% YoY); operating profit: ¥13,557 million (-3.6% YoY); ordinary profit: ¥13,771 million (-2.2% YoY).

• Net profit attributable to shareholders: ¥10,249 million (+9.2% YoY).

• Total assets: ¥152,405 million; net assets: ¥97,052 million; equity ratio: 63.7%.

• Cash and equivalents at year-end: ¥47,835 million, up ¥10,364 million year-over-year.

• Dividend per share: ¥85, payout ratio 26.4%.

Outlook and guidance

• FY2027 forecast: Operating revenue ¥400,000 million (+3.9%), operating profit ¥14,700 million (+8.4%), ordinary profit ¥14,700 million (+6.7%), net income ¥9,300 million (-9.3%).

• Dividend guidance maintained at ¥85 per share.

• Continued focus on local market strategies, digital initiatives, and store network expansion.