Kusuri No Aoki Holdings sees Q1 sales jump 16.1% despite profit dip

Kusuri No Aoki Holdings reported strong consolidated financial results for the first quarter of the fiscal year ending May 2026, with sales reaching 139,735 million yen, a 16.1% increase year-over-year. Despite this growth, operating profit saw a slight decrease of 1.0% to 7,263 million yen, and ordinary profit fell 1.6% to 7,284 million yen. Net income attributable to owners of parent declined by 4.1% to 5,033 million yen.

The company continued its aggressive expansion strategy, opening 11 new stores (including drugstores and dispensing pharmacies) during the quarter, bringing the total to 1,042 stores. This expansion was further bolstered by the acquisition of Miwa Shoten Co., Ltd., a food supermarket operator, in June 2025. Sales growth was notably strong in the food category, which increased by 23.3% year-over-year.

Monthly sales data for September 2025 indicated a 12.9% increase in total sales compared to the previous year, with existing store sales up 3.4%. Customer traffic grew by 10.7%, and average spending per customer rose by 2.0% for all stores, showing continued momentum. The company’s forecast for the fiscal year ending May 2026 remains unchanged, projecting 560,000 million yen in sales.