Belc reports revenue growth, stable profit in challenging retail environment

Belc Co., Ltd. announced its consolidated financial results for the six months ended August 31, 2025, reporting a substantial increase in operating income to 211,011 million yen, up 11.3% from the previous corresponding period. This growth was driven by a 106.6% increase in non-consolidated existing store sales, attributed to competitive pricing and sustained sales promotions. However, operating profit saw a slight decrease of 1.7% to 8,884 million yen, and profit attributable to owners of parent declined by 0.4% to 6,144 million yen, primarily due to rising product purchase prices impacting gross profit margins.

Total assets grew to 215,705 million yen as of August 31, 2025, an increase of 14,988 million yen from the previous fiscal year-end, driven by increases in cash, deposits, and property, plant, and equipment. Total liabilities also increased by 10,226 million yen to 101,024 million yen, mainly due to higher accounts payable – trade and long-term borrowings. Net assets rose by 4,761 million yen to 114,681 million yen, largely from an social increase in retained earnings.

Belc has maintained its financial results forecast for the fiscal year ending February 28, 2026, anticipating full-year operating income of 414,172 million yen, operating profit of 18,091 million yen, ordinary profit of 18,263 million yen, and profit attributable to owners of parent of 12,445 million yen. The company plans an annual dividend of 124.00 yen per share, with an interim dividend of 62.00 yen and a projected year-end dividend of 62.00 yen.