Earnings, deals and disclosures from Japan's listed retail & consumer companies, in English.
The grocer will absorb wholly owned Delica Foods on Sept. 1, saying the move should tighten coordination between prepared-food production and its fresh and deli divisions. Delica Foods generated ¥4.995bn in revenue and ¥308mn in operating profit in the year ended February 2026, but MaxValu Tokai says the merger will not change consolidated earnings.
The subsidiary borrowed ¥500mn from Teos at a fixed 9.0% annual rate on June 9, with lump-sum repayment due on Sept. 8. Star Seas says the loan should add ¥11.2mn of interest expense in the year ending February 2027.
The food group posted ¥1.07tn of net sales, ¥30.40bn of ordinary income and ¥20.23bn of parent profit in the year to March 2026. The filing is short on drivers, but it is clear on direction: sales kept rising and profit recovered with them.
Net sales reached ¥554,251,000,000 in the year to March 2026, up from ¥530,878,000,000 a year earlier, while ordinary income slipped to ¥16,030,000,000 from ¥18,089,000,000. Profit attributable to owners of parent still climbed to ¥23,988,000,000, leaving investors with a bigger business and a less tidy earnings bridge.
Net sales were ¥615.76 billion in the year to March 2026, essentially unchanged from ¥615.81 billion a year earlier, while ordinary income edged up to ¥20.48 billion. Profit attributable to owners of the parent rose to ¥32.89 billion from ¥13.90 billion, and the filing does not spell out why the bottom line moved so sharply.
The group will unwind its alliance with Antway and prepare to transfer the house-meal business at Kushikatsu Tanaka, a unit that generated ¥1,302,610 thousand of sales in the year to November 2025, or 6.2% of consolidated revenue. A separate ¥500 million Mizuho loan earmarked for new directly operated stores makes the capital-allocation message clear enough even before the transfer price and transferee details are disclosed.
First-quarter revenue rose 24.1% to ¥6,134 million and ordinary profit 89.1% to ¥480 million, helped by inbound demand and new stores, but management left full-year guidance and the ¥7 year-end dividend outlook unchanged. Japan same-store sales were only 100.4%, so the quarter was strong without being a clean same-store breakout.
First-quarter sales reached ¥4.299 billion and operating profit ¥1.234 billion, then management paired the print with Kobe and Bangkok openings and a non-binding move toward buying the company behind UNDERCOVER. This is a map expansion story as much as a margin story.
It now expects ¥5.428 billion of sales, ¥78 million of operating profit and ¥70 million of ordinary profit for the year to July, and raised its planned year-end dividend to ¥0.63 a share from ¥0.35. Domestic proposal-based selling and bullion-related demand did the lifting, while overseas orders stayed softer.
The company lowered full-year sales guidance to ¥15,700 million from ¥16,300 million and cut operating profit to ¥210 million from ¥355 million after saying demand for New Year's greeting-card printing is shrinking faster than expected. Promotional work held up, but earlier security investment and heavier spending on people pushed costs above plan.
Top Culture reported interim net income of ¥812 million, well above plan, but said ¥747 million of that came from negative goodwill after subsidiary Meibundo took over nine bookstore operations and a corporate sales division. The underlying retail picture was weaker: operating profit was ¥142 million and ordinary profit ¥113 million, both far below the company's own forecast, while existing-store sales in the Tsutaya bookstore segment fell 2.4%. Management withdrew its full-year outlook to undecided as it works out how to run and renovate the inherited stores.
Asahi cut its outlook for the year ended December 2025 ahead of a delayed July 8 results release, trimming revenue by 2.0% but cutting operating profit to ¥185 billion and net profit attributable to owners to ¥120 billion. The company tied the reset to a cyberattack-related system disruption in Japan, higher raw-material costs, impairment losses and related expenses. An extraordinary shareholders meeting is now planned for early September because the same disruption delayed settlement procedures and reporting materials. The figures are revised guidance, not final results.
Asahi cut revenue guidance for the year ended December 2025 to ¥2.89 trillion from ¥2.95 trillion, but the bigger damage is below the line, with business profit reduced to ¥260 billion from ¥290 billion and net profit to ¥120 billion from ¥167.5 billion. The brewer blamed cyberattack-related system disruption in Japan, higher raw-material costs, impairment losses and other system-related expenses. It now says the overdue full-year results are due on July 8, and the reporting item skipped at the March shareholders' meeting will move to an extraordinary meeting in early September, with June 30 set as the record date.
Asics will move the Onitsuka Tiger business into wholly owned OT GROUP through an absorption-type company split effective Jan. 1, 2027, then place regional brand units underneath that structure. Management says the aim is faster decision-making and clearer accountability around a brand it describes as reaching about 160 countries and roughly 190 directly operated stores, not a spin-off or listing plan.
Sales were almost flat at JPY 36,072m in the year to April, while operating profit fell 4.9% to JPY 1,426m, and management guided to another slight earnings dip in the coming year. The annual dividend stayed at JPY 85 and is forecast to stay there, even as the company cited higher raw-material costs, labour shortages and cautious consumers.
Sales slipped 0.2% to JPY 51,096m in the year to April, but operating profit fell 37.2% to JPY 780m and net profit 69.9% to JPY 98m. The company plans a JPY 24 annual dividend this year, up from JPY 23, and also plans JPY 24 for the coming year.
Pharma Foods kept its year-end profit target unchanged even after a much uglier nine months. Cumulative sales rose 3.7% to JPY 48,555m, but operating loss widened to JPY 1,430m, the equity ratio fell to 28.9% from 35.4%, and interest-bearing debt rose to JPY 17,235m; management says the loss was built into an investment-heavy plan and still forecasts JPY 2,000m in full-year operating profit. That leaves the fourth quarter doing a great deal of narrative heavy lifting.
Izumi plans to waive an estimated ¥230 million of loans to Bitchu Kaihatsu on Aug. 31 and absorb the wholly owned subsidiary on Sept. 1, saying the unit is in negative net assets. The company said Bitchu Kaihatsu, once the operator of Yume Town Takahashi, is now mainly a real-estate holding and management company after tenant conversion at the site. The waiver should create an extraordinary loss only in Izumi's non-consolidated accounts, while consolidated impact is eliminated. Separate same-day plans to merge three Kyushu supermarket subsidiaries remain only a basic policy for now.
B&P reported first-half revenue of 2,249 million yen, with operating profit down 4.5% to 336 million yen and net profit down 5.0% to 230 million yen. Management kept the full-year plan unchanged and said the second quarter improved as customers stepped up sales-promotion activity before the March year-end, after an early lull and a tough Expo-related comparison. The comparison with last year is not fully like-for-like because of the timing of the Idei consolidation. Still, the message is simple: sales are holding up, profit is softer, and management needs the second half to do more of the work.
Asakuma said May all-store sales at directly managed locations were 136.1% of the year-earlier month and same-store sales were 122.3%, with 78 stores operating and one temporarily closed. A same-day correction lifted February-to-April store counts by one each, which does not change May's sales ratios but matters when separating traffic momentum from simple network growth.
The company revised its May notice to say 1,330,000 shares were delivered from ninth-series warrant exercises, not 50,000,000. The number of exercised warrants stayed at 13,300, with 476,500 still unexercised, so the correction materially changes the dilution read.
Eternal Hospitality said nine-month revenue rose to ¥38.318 billion and operating profit to ¥2.367 billion, with customer numbers and spending both higher at existing domestic company-operated Torikizoku stores. Management kept full-year guidance unchanged, but the near-term read is a little cooler: May same-store sales rose just 1.0% and average spend slipped to 99.0% of last year's level after the group lapped an earlier price increase. Consumer demand is still there; the easy comparison is not.
The company approved a JPY 35 million impairment and now expects JPY 11.105 billion in sales and JPY 258 million in operating profit for the year ending July, down from JPY 11.983 billion and JPY 533 million. Management blamed US tariff policy, a worsening Middle East situation, weaker wellness channels and higher costs, while keeping its JPY 15 year-end dividend forecast unchanged.
First-quarter sales fell 7.8% to ¥267 million, with an operating loss of ¥57 million and a net loss of ¥65 million. April sales were ¥150.848 million, or 99.2% of the year-earlier month, and the company said the smaller-than-forecast loss partly reflected R&D and advertising costs shifting into later quarters rather than a clean demand surprise.