Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
32712
¥ million (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales10,715,342¥ millionYear on year +5.7%Progress 89.3%
Operating profit270,459¥ millionYear on year +13.8%Progress 79.5%
Ordinary income243,031¥ millionYear on year +8.4%Progress 83.8%
Net income attributable to owners of the parent72,677¥ millionYear on year +167.5%Progress 99.6%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥26.87
Financial position at period-end
Total assets15,369,658¥ million
of which net assets 2,204,267 ¥ millionEquity ratio 7.9%vs. prior year-end +0.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+1,126,589
Investment-1,088,665
Financials+40,089
Net change+78,013
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥1,263,123 million
Segment revenueGMS business ¥3,691,864 million (YoY +3.7%), Supermarket business ¥3,085,749 million (YoY +1.0%), DS business ¥430,512 million (YoY +4.6%), Health and wellness business ¥1,633,318 million (YoY +23.5%), Integrated financial services business ¥567,544 million (YoY +7.0%), Developer business ¥522,428 million (YoY +5.3%), Services and specialty stores business ¥759,617 million (YoY +3.3%), International Business ¥568,284 million (YoY +3.5%)
Segment profitGMS business ¥21,430 million, Supermarket business ¥29,870 million, DS business ¥7,233 million, Health and wellness business ¥52,368 million, Integrated financial services business ¥60,871 million, Developer business ¥70,916 million, Services and specialty stores business ¥27,002 million, International Business ¥10,228 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥12,000,000 million (YoY +12.0%)
Operating profit¥340,000 million (YoY +25.7%)
Ordinary income¥290,000 million (YoY +19.3%)
Net income¥73,000 million (YoY +0.4%)
Annual Dividend Forecast¥41 → ¥15（Not directly comparable (impact of stock split)）
Payout ratio50.9%
Shareholder Return PolicyMaintain annual dividends per share at or above the previous year's level while targeting a consolidated dividend payout ratio of 30%
Factors Behind Changes in Business Performance
The Health & Wellness, Developer, and Services & Specialty Stores businesses supported earnings growth, while group-wide cost control, operational process reforms using DX, productivity improvements and structural strengthening of earnings capacity contributed to increases in operating profit and ordinary profit. Net profit attributable to owners of the parent absorbed the costs of business-structure reforms through the gain on step acquisition arising from the conversion of TSURUHA HOLDINGS INC. into a consolidated subsidiary.
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name TSURUHA HOLDINGS INC. / Excluded Number of companies 1 / Company name イオン・アリアンツ生命保険株式会社
Impairment loss¥97,486 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,272 million, Gain on sale of investment securities ¥1,164 million, Gain on sale of shares in an affiliated company ¥16,024 million, Gain on step acquisition ¥69,086 million, Other ¥4,385 million / Extraordinary loss Impairment Losses ¥97,486 million, Provision for store closure losses ¥9,567 million, Loss on Disposal of Fixed Assets ¥4,707 million, Loss on closure of stores ¥3,153 million, Loss on sale of shares of subsidiaries and affiliates ¥9,387 million, Other ¥3,205 million
Depreciation and amortization¥342,061 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End2,783,529,021
Treasury Shares at Period-End16,904,185
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥10,715,342 million (YoY +5.7%) |
| Operating profit | ¥270,459 million (YoY +13.8%) |
| Ordinary income | ¥243,031 million (YoY +8.4%) |
| Profit attributable to owners of the parent | ¥72,677 million (YoY +167.5%) |
| Net income per share | ¥26.87 |
| Equity ratio | End of the current fiscal period 7.9 / End of previous period 7.7 |
| Total assets | ¥15,369,658 million |
| Net assets | ¥2,204,267 million |
| Cash flows from operating activities | ¥1,126,589 million |
| Cash flows from investing activities | ¥-1,088,665 million |
| Cash flows from financing activities | ¥40,089 million |
| Cash and cash equivalents at end of period | ¥1,263,123 million |
| Full-year earnings forecast | Net Sales ¥12,000,000 million (YoY +12.0%) / Operating profit ¥340,000 million (YoY +25.7%) / Ordinary income ¥290,000 million (YoY +19.3%) / Net income ¥73,000 million (YoY +0.4%) |
| Annual Dividend Forecast | ¥41 → ¥15（Not directly comparable (impact of stock split)） |
| Payout ratio | 50.9% |
| Shareholder Return Policy | Maintain annual dividends per share at or above the previous year's level while targeting a consolidated dividend payout ratio of 30% |
| Segment revenue | GMS business ¥3,691,864 million (YoY +3.7%), Supermarket business ¥3,085,749 million (YoY +1.0%), DS business ¥430,512 million (YoY +4.6%), Health and wellness business ¥1,633,318 million (YoY +23.5%), Integrated financial services business ¥567,544 million (YoY +7.0%), Developer business ¥522,428 million (YoY +5.3%), Services and specialty stores business ¥759,617 million (YoY +3.3%), International Business ¥568,284 million (YoY +3.5%) |
| Segment profit | GMS business ¥21,430 million, Supermarket business ¥29,870 million, DS business ¥7,233 million, Health and wellness business ¥52,368 million, Integrated financial services business ¥60,871 million, Developer business ¥70,916 million, Services and specialty stores business ¥27,002 million, International Business ¥10,228 million |
| Depreciation and amortization | ¥342,061 million |
| Impairment loss | ¥97,486 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,272 million, Gain on sale of investment securities ¥1,164 million, Gain on sale of shares in an affiliated company ¥16,024 million, Gain on step acquisition ¥69,086 million, Other ¥4,385 million / Extraordinary loss Impairment Losses ¥97,486 million, Provision for store closure losses ¥9,567 million, Loss on Disposal of Fixed Assets ¥4,707 million, Loss on closure of stores ¥3,153 million, Loss on sale of shares of subsidiaries and affiliates ¥9,387 million, Other ¥3,205 million |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name TSURUHA HOLDINGS INC. / Excluded Number of companies 1 / Company name イオン・アリアンツ生命保険株式会社 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 2,783,529,021 |
| Treasury Shares at Period-End | 16,904,185 |
| Factors Behind Changes in Business Performance | The Health & Wellness, Developer, and Services & Specialty Stores businesses supported earnings growth, while group-wide cost control, operational process reforms using DX, productivity improvements and structural strengthening of earnings capacity contributed to increases in operating profit and ordinary profit. Net profit attributable to owners of the parent absorbed the costs of business-structure reforms through the gain on step acquisition arising from the conversion of TSURUHA HOLDINGS INC. into a consolidated subsidiary. |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastRegional salesOrders received and order backlogDisclosure regarding the going concern assumptionMaterial subsequent events
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 profit was driven by earnings growth in the Health & Wellness, Developer, and Services & Specialty Stores businesses, as well as group-wide cost control, operational reforms through DX, productivity improvements and structural strengthening of earnings capacity. Net profit absorbed the costs associated with business-structure reforms through the gain on step acquisition arising from the conversion of TSURUHA HOLDINGS INC. into a consolidated subsidiary.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.