流通スーパーニュース reported results from 20 companies from 13 to 16 October, including interim results from 17 companies. In food retail, 7 companies posted revenue growth but lower profit, as the increase in selling, general and administrative expenses exceeded gross profit growth.
20 companies announced results, including supermarkets, general merchandise stores, drugstores, home centers and department stores. Interim results accounted for 17 companies, while 7 food retailers posted revenue growth but lower profit. ヤマザワ, 北雄ラッキー and ジェーソン reported lower revenue, with 北雄ラッキー recording an ordinary loss and ジェーソン posting an ordinary profit margin of 1.3%. At many companies, higher costs outpaced gross profit growth.
The conglomerate retailer AEON posted record operating revenue of ¥5.9042 trillion. Its drugstore and developer and entertainment businesses posted revenue and profit growth, but general merchandise stores, supermarkets and discount stores struggled, resulting in an overall profit decline of ¥25.4 billion.
Among department stores, 高島屋 posted revenue and profit growth, J.フロント リテイリング posted revenue growth but lower profit, and 近鉄百貨店 posted lower revenue but higher profit. Inbound demand and high-value merchandise supported sales, while companies with a high concentration of operations in the Kansai region cited the aftereffects of last year’s Kansai Expo as one factor affecting profits.
Among home centers, コーナン商事 and アークランズ both posted revenue and profit growth. Demand for construction materials and daily necessities drove year-on-year growth.
Among drugstores, コスモス薬品 reported a 5.2% increase in sales and a 4.7% increase in ordinary profit in the first quarter. Its low-price strategy and store openings supported revenue and profit growth.