Satsudora Holdings, the Hokkaido drugstore operator awaiting delisting under a management buyout, swung to an operating loss of ¥157mn in the quarter to mid-August, versus a ¥163mn profit a year earlier. Net sales fell 0.9% to ¥25.24bn from ¥25.48bn, and the company posted a net loss attributable to owners of ¥202mn, against a ¥67mn profit last year; per-share results moved to a loss of ¥14.66 from a profit of ¥4.92.
| Metric | Current quarter | Year-ago quarter |
|---|---|---|
| Net sales | ¥25.24bn | ¥25.48bn |
| Operating result | -¥157mn | ¥163mn |
| Net result (owners) | -¥202mn | ¥67mn |
| Earnings per share | -¥14.66 | ¥4.92 |
The retail segment, which runs the core drugstore, pharmacy and inbound-tourist store formats, lost ¥196mn against a ¥109mn profit a year earlier. Satsudora attributed the decline to shrinking basket sizes and store traffic as inflation pushed shoppers toward saving, weak summer-goods sales tied to weather, and an inbound slowdown linked to reduced travel from China. The company closed three unprofitable stores, cutting its store count to 193 from 196.
With the tender offer under the June 2026 management buyout completed and delisting procedures still pending, Satsudora issued no forecast for the year ahead. The quarter absorbed ¥69mn of tender-offer-related costs and a ¥75mn writedown on investment securities as special losses.
One steadier line: the EZOCA regional loyalty-card platform passed 2.4 million members, with more than 350 partner companies running over 1,100 stores. Total assets rose to ¥50.72bn and the equity ratio slipped to 19.6% from 22.4% at the end of the previous fiscal year.