Makiya Co (9890) investor relations material

Executive summary

• Revenue increased 5.0% year-over-year to ¥24,151 million, driven by growth in all segments including food, non-food, and EC businesses.

• Operating income rose 16.5% year-over-year to ¥702 million, reflecting improved gross profit and cost control.

• Net income attributable to shareholders declined 17.5% year-over-year to ¥364 million due to special losses from store closures and share buyback costs.

• Customer visits rose 0.2%, items per purchase increased 1.2%, and average spend per customer grew 4.1% year-over-year.

• Strategic partnership with Kobe Bussan and capital restructuring completed, including major shareholder changes.

Financial highlights

• Gross profit increased 4.4% year-over-year to ¥5,648 million, maintaining a gross margin of 23.5%.

• EPS decreased to ¥36.40 from ¥44.17 year-over-year.

• EC business sales grew 13.4% year-over-year, outpacing other segments.

• Comprehensive income was ¥486 million, down 8.2% year-over-year.

• Total assets increased to ¥43,423 million, up ¥2,579 million from the previous fiscal year-end.

Outlook and guidance

• No changes to previously announced full-year guidance: revenue forecast at ¥96,800 million (+3.3% YoY), operating profit at ¥2,150 million (+0.8%), and net income at ¥1,500 million (+2.0%).

• Interim and year-end dividends forecast at ¥19 and ¥19 per share, respectively.

• All business segments are expected to continue stable growth, with particular focus on EC and new store contributions.