Izumi sees revenue growth but profit slips; share buyback announced

Izumi Co., Ltd. (TSE: 8273) reported a consolidated operating revenue increase of 11.2% to JPY 524.14 billion for the fiscal year ended February 28, 2025, driven primarily by the acquisition of Seiyu's supermarket business by subsidiary Youme Mart Kumamoto. Despite revenue growth, operating profit decreased by 19.1% to JPY 25.42 billion, and profit attributable to owners of the parent declined 41.8% to JPY 11.91 billion, reflecting ransomware attack impacts, inflationary pressures, and SUNNY business integration costs.