Hokuyu Lucky Co.,Ltd.’s interim period for the fiscal year ending February 2027 generated revenue of ¥18.3 billion, down only 0.8% year on year, but the company fell into the red after posting an ordinary loss and an interim net loss. Its full-year forecast has also been revised to project a substantial decline in profit.
Hokuyu Lucky Co.,Ltd. released its earnings report for the interim period of the fiscal year ending February 2027. Revenue was ¥18.3 billion, down 0.8% year on year, while operating profit fell 87.3% to ¥7 million. The company posted an ordinary loss of ¥11 million and an interim net loss of ¥33 million, turning unprofitable, while full-year net income is expected to decline substantially to ¥52 million.
The company operates a supermarket business as a single segment, with 33 stores mainly in Hokkaido. Business revenue for the interim period was broadly flat year on year, but higher depreciation and interest expenses, along with an impairment loss of ¥31 million, weighed on profitability.
On the balance sheet, total assets were broadly unchanged at ¥17.3 billion. Short-term borrowings increased to ¥950 million, while long-term borrowings fell 6.6% to ¥3.5 billion. Operating cash flow contracted substantially to ¥39 million, and cash and cash equivalents declined from the end of the same period a year earlier to ¥616 million.
The full-year outlook calls for revenue of ¥37.2 billion, operating profit of ¥180 million, ordinary profit of ¥130 million and net income of ¥52 million, representing substantial declines in profit. The company plans to pay an annual dividend of ¥50 per share, paid in full at year-end, while the second-quarter-end dividend is expected to be ¥0.