Supplementary Financial Results Materials for the Fiscal Year Ending March 2026 | H2O RETAILING CORPORATION (8242) timely disclosure

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41Recurring

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

-2443

¥ millions (year-on-year change in operating income)

Wording

Conditional

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFiscal year ending March 2026 (FY2025), full year7 items taken from the company’s own explanation

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

Net Sales¥680,215 million-0.2%

Operating profit¥32,386 million-7.0%

Ordinary income¥34,508 million-3.9%

Net income¥29,950 million-14.0%

Selling, general and administrative expenses¥275,785 million

Full-year earnings forecast

Gross sales

¥1,245,000 million

Net Sales

¥712,000 million

Operating profit

¥32,500 million

Ordinary income

¥33,000 million

Net income

¥23,000 million

What the company explained in this material

New initiatives

Segment classification change from the FY2026 forecast: Hankyu Kitchen Yell Kansai changed from the Food Business to Other Business
Segment classification change from the FY2026 forecast: Chinese operating companies, including Ningbo Hankyu, changed from Other Business to the Commercial Facilities Business

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

Department store customer numbers174,105 thousand customers+0.9%
Department store total sales¥645,541 million-1.4%
Department store inbound sales¥103,929 million-19.9%
Food supermarket same-store sales1.7 year-on-year change %
Food supermarket same-store customer numbers-0.3 year-on-year change %
Average customer spend at food supermarkets2 year-on-year change %
Existing-store average price per item at food supermarkets4.4 year-on-year change %
Existing-store items purchased at food supermarkets-2.3 year-on-year change %

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

Number of Customers+0.9% (department stores, total) / -0.3% (food supermarkets, existing stores)

Average Spend per Customer+2.0% (food supermarkets, existing stores)

Average Price per Item+4.4% (food supermarkets, existing stores)

Number of items purchased-2.3% (food supermarkets, existing stores)

Segment results

Department stores
Net Sales¥621,037 million (YoY -2.2%)
Operating profit¥23,783 million (YoY -15.8%)
Food
Net Sales¥432,455 million (YoY +0.9%)
Operating profit¥10,021 million (YoY +12.0%)
Commercial facilities
Net Sales¥30,083 million (YoY -5.3%)
Operating profit¥3,833 million (YoY -2.2%)
Other
Net Sales¥78,855 million (YoY +22.5%)
Operating profit¥7,535 million (YoY +242.8%)

Number of stores and locations

Number of stores at period-end or as of disclosure223 Stores Food Business, as of disclosure

Change during the periodDown 8 stores year on year. The materials mention 5 openings and 7 closures, but these include stores from April 2026 onward.

Number of employees

Number of Employees7,775 People as of March 2026, consolidated

Change during the periodDown 228 people from 8,003 people in the same period of the previous year. Average temporary employees during the period were 16,347.

Capital expenditures

¥27,555 million FY2025 actual, consolidated

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	Fiscal year ending March 2026 (FY2025), full year
Net Sales	¥680,215 million (YoY -0.2%)
Operating profit	¥32,386 million (YoY -7.0%)
Ordinary income	¥34,508 million (YoY -3.9%)
Net income	¥29,950 million (YoY -14.0%)
Selling, general and administrative expenses	¥275,785 million
Full-year earnings forecast	Gross sales ¥1,245,000 million / Net Sales ¥712,000 million / Operating profit ¥32,500 million / Ordinary income ¥33,000 million / Net income ¥23,000 million
Segment results	Segment Department stores / Net Sales ¥621,037 million (YoY -2.2%) / Operating profit ¥23,783 million (YoY -15.8%), Segment Food / Net Sales ¥432,455 million (YoY +0.9%) / Operating profit ¥10,021 million (YoY +12.0%), Segment Commercial facilities / Net Sales ¥30,083 million (YoY -5.3%) / Operating profit ¥3,833 million (YoY -2.2%), Segment Other / Net Sales ¥78,855 million (YoY +22.5%) / Operating profit ¥7,535 million (YoY +242.8%)
Key KPIs	Department store customer numbers 174,105 thousand customers (YoY +0.9%), Department store total sales ¥645,541 million (YoY -1.4%), Department store inbound sales ¥103,929 million (YoY -19.9%), Food supermarket same-store sales 1.7 year-on-year change (%), Food supermarket same-store customer numbers -0.3 year-on-year change (%), Average customer spend at food supermarkets 2 year-on-year change (%), Existing-store average price per item at food supermarkets 4.4 year-on-year change (%), Existing-store items purchased at food supermarkets -2.3 year-on-year change (%)
Unit price and quantity metrics	Number of Customers +0.9% (department stores, total) / -0.3% (food supermarkets, existing stores) / Average Spend per Customer +2.0% (food supermarkets, existing stores) / Average Price per Item +4.4% (food supermarkets, existing stores) / Number of items purchased -2.3% (food supermarkets, existing stores)
Number of stores and locations	Number of stores at period-end or as of disclosure 223 Stores (Food Business, as of disclosure) / Change during the period Down 8 stores year on year. The materials mention 5 openings and 7 closures, but these include stores from April 2026 onward.
Number of employees	Number of Employees 7,775 People (as of March 2026, consolidated) / Change during the period Down 228 people from 8,003 people in the same period of the previous year. Average temporary employees during the period were 16,347.
Capital expenditures	¥27,555 million (FY2025 actual, consolidated)
New initiatives	Segment classification change from the FY2026 forecast: Hankyu Kitchen Yell Kansai changed from the Food Business to Other Business, Segment classification change from the FY2026 forecast: Chinese operating companies, including Ningbo Hankyu, changed from Other Business to the Commercial Facilities Business

Items this document does not state (16)

Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.

The company has not provided a written explanation for the factors behind the changes in performance. For the forecasts for the next fiscal year, the company plans to change the segment classification by moving Hankyu Kitchen Yell Kansai from the Food Business to Other Business, and Chinese operating companies from Other Business to the Commercial Facilities Business.

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