Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
55
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,425 million+3.4%
Operating profit¥653 million-7.7%
Ordinary income¥551 million-14.7%
Net income¥270 million-31.6%
Selling, general and administrative expenses¥7,268 million
Operating profit margin2.5%, down 0.3 percentage points year on year
Results for the three months of the current quarterQuarterly standalone trends in operating revenue, operating income, ordinary income and quarterly net income are presented in a chart. Specific standalone figures are Not disclosed
Full-year earnings forecast
Operating revenue
¥110,000 million
Operating profit
¥3,700 million
Ordinary income
¥3,000 million
Profit attributable to owners of the parent
¥1,600 million
EBITDA
¥7,200 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally progressing in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Q1 FY2026 operating profit¥708 million
- Distribution Business¥-143 million
- Transportation Business¥72 million
- Tourism Business¥72 million
- Real Estate Business¥-1 million
- Other¥0 million
- Adjustments¥-55 million
- Q1 FY2027 operating profit¥654 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumes that soaring energy prices and persistently high procurement costs will continue. Numerical assumptions are Not disclosedNew initiatives
- Opened Suwa no Wa in April 2026
- Established アルピコアセットデザイン in June 2026
- Made MAG・MAG and Harvest wholly owned subsidiaries
- Rolling out stores focused on strengthening prepared foods, centered on Delicia Meals
- Giving concrete form to the Hakuba Village Hokujō Project
Key KPIsA metric the company considers important as a management benchmark.
- Number of Tokushimaru vehicles in operation40 Units
- Online supermarket locations19 Location
- Pikoka Card and app members43 10,000 people
- Passengers boarding and alighting on route buses in the Kamikochi, Norikura and Shirahone areasApproximately 121%Year on year against the same period last yearApproximately 121%
- Route bus market shareAt least 90%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average price per itemApproximately 103%Year on year against the same period last yearApproximately 103%
- Same-store sales growth rateApproximately 102%Year on year against the same period last yearApproximately 102%
- Room occupancy rate and average daily rate (ADR)Presented by propertyYear on year against the same period last yearPresented by property
Segment results
- Distribution BusinessOperating revenue¥19,525 million (YoY +2.5%)Operating profit¥371 million (YoY -27.8%)
- Transportation BusinessOperating revenue¥3,303 million (YoY +7.6%)Operating profit¥258 million (YoY +39.0%)
- Tourism BusinessOperating revenue¥3,165 million (YoY +5.5%)Operating profit¥188 million (YoY +62.3%)
- Real Estate BusinessOperating revenue¥340 million (YoY -6.2%)Operating profit¥35 million (YoY -5.1%)
Medium-term management plan targets
Long-term vision toward 2035, with policies covering growth in existing businesses, M&A, real estate development and the creation of new businesses. Specific numerical targets and comparisons with actual results are Not disclosedMarket Size / Share
A route bus market share of 90% or more on the Nagano Prefecture side of the Kamikochi and Norikura areasNumber of stores and locations
61 food supermarkets, 40 Tokushimaru vehicles and 19 online supermarket locations (as of the end of June 2026, among other dates). During the period, 1 new store, Delicia Meals Kawanakajima, and 1 new office, the Karuizawa Office, were openedNumber of employees
Standalone45 people
Consolidated1,989 people
Annual Dividend
¥5 per share
Interim0
End of period5
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥26,425 million (YoY +3.4%) |
| Operating profit | ¥653 million (YoY -7.7%) |
| Ordinary income | ¥551 million (YoY -14.7%) |
| Net income | ¥270 million (YoY -31.6%) |
| Operating profit margin | 2.5%, down 0.3 percentage points year on year |
| Selling, general and administrative expenses | ¥7,268 million |
| Results for the three months of the current quarter | Quarterly standalone trends in operating revenue, operating income, ordinary income and quarterly net income are presented in a chart. Specific standalone figures are Not disclosed |
| Full-year earnings forecast | Operating revenue ¥110,000 million / Operating profit ¥3,700 million / Ordinary income ¥3,000 million / Profit attributable to owners of the parent ¥1,600 million / EBITDA ¥7,200 million |
| Self-assessment against the plan | Generally progressing in line with plan |
| Segment results | Segment Distribution Business / Operating revenue ¥19,525 million (YoY +2.5%) / Operating profit ¥371 million (YoY -27.8%), Segment Transportation Business / Operating revenue ¥3,303 million (YoY +7.6%) / Operating profit ¥258 million (YoY +39.0%), Segment Tourism Business / Operating revenue ¥3,165 million (YoY +5.5%) / Operating profit ¥188 million (YoY +62.3%), Segment Real Estate Business / Operating revenue ¥340 million (YoY -6.2%) / Operating profit ¥35 million (YoY -5.1%) |
| Breakdown of Factors Affecting the Change | Factors Q1 FY2026 operating profit / Amount ¥708 million, Factors Distribution Business / Amount ¥-143 million, Factors Transportation Business / Amount ¥72 million, Factors Tourism Business / Amount ¥72 million, Factors Real Estate Business / Amount ¥-1 million, Factors Other / Amount ¥0 million, Factors Adjustments / Amount ¥-55 million, Factors Q1 FY2027 operating profit / Amount ¥654 million |
| Key KPIs | Indicator name Number of Tokushimaru vehicles in operation / Value 40 Units / Year on year against the same period last year Not disclosed, Indicator name Online supermarket locations / Value 19 Location / Year on year against the same period last year Not disclosed, Indicator name Pikoka Card and app members / Value 43 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Passengers boarding and alighting on route buses in the Kamikochi, Norikura and Shirahone areas / Value Approximately 121% / Year on year against the same period last year Approximately 121%, Indicator name Route bus market share / Value At least 90% / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Average price per item / Value Approximately 103% / Year on year against the same period last year Approximately 103%, Indicator name Same-store sales growth rate / Value Approximately 102% / Year on year against the same period last year Approximately 102%, Indicator name Room occupancy rate and average daily rate (ADR) / Value Presented by property / Year on year against the same period last year Presented by property |
| Number of stores and locations | 61 food supermarkets, 40 Tokushimaru vehicles and 19 online supermarket locations (as of the end of June 2026, among other dates). During the period, 1 new store, Delicia Meals Kawanakajima, and 1 new office, the Karuizawa Office, were opened |
| Number of employees | Standalone 45 people / Consolidated 1,989 people / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Assumes that soaring energy prices and persistently high procurement costs will continue. Numerical assumptions are Not disclosed |
| Medium-term management plan targets | Long-term vision toward 2035, with policies covering growth in existing businesses, M&A, real estate development and the creation of new businesses. Specific numerical targets and comparisons with actual results are Not disclosed |
| Annual Dividend | ¥5 per share |
| Market Size / Share | A route bus market share of 90% or more on the Nagano Prefecture side of the Kamikochi and Norikura areas |
| New initiatives | Opened Suwa no Wa in April 2026, Established アルピコアセットデザイン in June 2026, Made MAG・MAG and Harvest wholly owned subsidiaries, Rolling out stores focused on strengthening prepared foods, centered on Delicia Meals, Giving concrete form to the Hakuba Village Hokujō Project |
Items this document does not state (9)
Gross Profit MarginProgress against full-year forecastRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Operating revenue increased due to growth in the customer base, revisions to fares and product prices, and the opening of new stores and offices. However, operating expenses increased 3.7% as a result of soaring energy prices, persistently high procurement costs and higher personnel expenses, putting pressure on profit.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.