Financial Results Presentation for the Fiscal Year Ending February 2026 | ASAHI CO.,LTD. (3333) timely disclosure

Worth reading

55In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

71.8

Year-on-year change (operating income, %)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ended February 202611 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥81,374 million-0.3%

Operating profit¥3,937 million-28.2%

Ordinary income¥4,169 million-25.9%

Net income¥2,268 million-36.2%

Gross Profit Margin47.7 %

Operating profit margin4.8 %

Selling, general and administrative expenses¥34,853 million

Full-year earnings forecast

Target fiscal yearFiscal year ending February 2027

Net Sales

¥86,278 million

Gross profit

¥41,627 million

Operating profit

¥4,300 million

Ordinary income

¥4,440 million

Net income for the current fiscal year

¥2,730 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Revenue exceeded the plan, but operating income and net income fell short of the plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Change in sales-¥103 million
Impact of changes in costs and product mix¥155 million
Change in selling, general and administrative expenses-¥1,599 million

New initiatives

Stronger OMO and CRM integration
Accelerated investment in digital and IT, the logistics infrastructure, and stores
10 new stores per year (including 2 urban-format stores)
Renovation of 16 existing stores per year and relocation of 1 store per year

Key KPIsA metric the company considers important as a management benchmark.

EC sales¥14,290 million
Year on year against the same period last year+112.5%
E-commerce penetration rate18 %
Market share25 %
Year on year against the same period last yearFlat
Existing-store revenue96.9 Year on year %
Same-store customer traffic96.9 Year on year %
Same-store spend per customer101.3 Year on year %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Same-store customer traffic96.9 Year on year %
Same-store spend per customer101.3 Year on year %

Medium-term management plan targets

Plan nameVISION2025

Target valueE-commerce ratio of 16.9%

Target fiscal yearFiscal year ended February 2026

Actual resultsE-commerce ratio of 18.0%

Market Size / Share

Market share25 %

DetailsThe company's own estimates

Number of stores and locations

Number of Stores at Period-End557 Location

Store openings15 Location

Number of store closures3 Location

Of which, urban-format stores

End of period14

Store openings3

Number of store closures0

Capital expenditures

¥2,554 million fiscal year ending February 2027 plan

Annual Dividend

Annual dividend per share¥50

Payout ratio

Rate35 %

DetailsDividend payout ratio of at least 35%; DOE target of 3%

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Fiscal year ended February 2026
Net Sales	¥81,374 million (YoY -0.3%)
Operating profit	¥3,937 million (YoY -28.2%)
Ordinary income	¥4,169 million (YoY -25.9%)
Net income	¥2,268 million (YoY -36.2%)
Gross Profit Margin	47.7 %
Operating profit margin	4.8 %
Selling, general and administrative expenses	¥34,853 million
Full-year earnings forecast	Target fiscal year Fiscal year ending February 2027 / Net Sales ¥86,278 million / Gross profit ¥41,627 million / Operating profit ¥4,300 million / Ordinary income ¥4,440 million / Net income for the current fiscal year ¥2,730 million
Self-assessment against the plan	Revenue exceeded the plan, but operating income and net income fell short of the plan
Breakdown of Factors Affecting the Change	Item Change in sales / Amount -¥103 million, Item Impact of changes in costs and product mix / Amount ¥155 million, Item Change in selling, general and administrative expenses / Amount -¥1,599 million
Key KPIs	Indicator EC sales / Value ¥14,290 million / Year on year against the same period last year ¥112.5 million, Indicator E-commerce penetration rate / Value 18 % / Year on year against the same period last year Not disclosed, Indicator Market share / Value 25 % / Year on year against the same period last year Flat, Indicator Existing-store revenue / Value 96.9 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator Same-store customer traffic / Value 96.9 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator Same-store spend per customer / Value 101.3 Year on year (%) / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Indicator Same-store customer traffic / Value 96.9 Year on year (%), Indicator Same-store spend per customer / Value 101.3 Year on year (%)
Number of stores and locations	Number of Stores at Period-End 557 Location / Store openings 15 Location / Number of store closures 3 Location / Of which, urban-format stores End of period 14 / Store openings 3 / Number of store closures 0
Medium-term management plan targets	Plan name VISION2025 / Target value E-commerce ratio of 16.9% / Target fiscal year Fiscal year ended February 2026 / Actual results E-commerce ratio of 18.0%
Annual Dividend	Annual dividend per share ¥50 / Interim and Year-End Breakdown Not disclosed
Payout ratio	Rate 35 % / Details Dividend payout ratio of at least 35%; DOE target of 3%
Capital expenditures	¥2,554 million (fiscal year ending February 2027 plan)
Market Size / Share	Market share 25 % / Details The company's own estimates
New initiatives	Stronger OMO and CRM integration, Accelerated investment in digital and IT, the logistics infrastructure, and stores, 10 new stores per year (including 2 urban-format stores), Renovation of 16 existing stores per year and relocation of 1 store per year

Items this document does not state (10)

Results for the three months of the current quarterProgress against full-year forecastSegment resultsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders 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.

In the fiscal year ending February 2026, weak new vehicle sales and lower sales volumes, a decline in the gross profit margin resulting from sales initiatives and the higher sales mix of electrically assisted bicycles, and higher SG&A expenses due to wage increases, new store openings and the replacement of the core system weighed on profit. For the fiscal year ending February 2027, the company expects stronger OMO and CRM integration, increased sales of parts, repairs and maintenance services, price adjustments, lower costs, improved productivity, and stronger digital and IT capabilities.

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