Hiday Hidaka's first quarter profit soars, sales hit record

Hiday Hidaka Corp. reported a substantial increase in profit for the first quarter of the fiscal year ending February 2026, with sales reaching a record high. Sales increased by 14.3% to JPY 15.26 billion compared to the same period last year, while operating profit jumped by 27.1% to JPY 1.87 billion. Net profit for the quarter rose by 27.6% to JPY 1.26 billion. The company attributes the strong performance to increased customer visits, effective sales promotions, and the successful extension of operating hours previously shortened due to the pandemic. Hiday Hidaka opened five new stores and closed one during the quarter, bringing its total number of directly managed stores to 458. The company has maintained its full-year earnings forecast unchanged. The company has also acquired JPY 4 billion worth of its own shares.