DCM Holdings opened its year ending February 2027 with a solid spring quarter, then did the restrained thing and changed none of its annual numbers. Operating revenue for the three months to May 31 rose 9.8% year on year to ¥151.9bn, operating profit climbed 17.4% to ¥11.4bn, ordinary profit increased 19.4% to ¥10.9bn, and net profit attributable to owners rose 11.5% to ¥6.6bn. The company also reaffirmed both its first-half and full-year forecasts.
| Metric | Three months to May 31 | Year on year | Full-year forecast |
|---|---|---|---|
| Operating revenue | ¥151.9bn | +9.8% | ¥577.3bn |
| Operating profit | ¥11.4bn | +17.4% | ¥31.2bn |
| Ordinary profit | ¥10.9bn | +19.4% | ¥29.4bn |
| Net profit attributable to owners | ¥6.6bn | +11.5% | ¥17.4bn |
The filing says the quarter was helped by a mix of seasonal demand and a geopolitical nudge that no retailer would want to budget for as a habit. DCM reported temporary bulk buying of paint-related items, toilet paper, plastic wrap and garbage bags amid tensions in the Middle East. Higher temperatures also lifted sales of air conditioners, electric fans and summer workwear. Separately, the company said HomeTech’s results for January through March were included because the deemed acquisition date was December 31, 2025.
By merchandise line, home improvement sales rose to ¥29.8bn from ¥26.5bn a year earlier, housekeeping to ¥30.5bn from ¥28.5bn, and home electronics to ¥11.1bn from ¥10.1bn. The home-center business as a whole generated ¥133.5bn of sales, while the Exprice business contributed ¥15.9bn. DCM opened one store and closed one during the quarter, leaving the group with 918 outlets at period-end.
What matters for readers is what management did not do. Despite the stronger quarter, DCM left its first-half forecast at ¥304.5bn in operating revenue and ¥20.2bn in operating profit, and kept its full-year targets at ¥577.3bn in operating revenue, ¥31.2bn in operating profit, ¥29.4bn in ordinary profit and ¥17.4bn in net profit. The annual dividend forecast also stayed at ¥48 a share. In the same filing, management described the backdrop as still uncertain because of Middle East tensions, US trade policy, and higher energy, raw-material and logistics costs. Strong spring trading, in other words, has not yet earned a higher annual spreadsheet.