Ichibanya reports Q3 profit drop despite sales growth

Ichibanya Co. Ltd. reported its consolidated financial results for the nine months ended November 30, 2025, with net sales increasing 7.7% year-on-year to 48,480 million yen. However, operating profit decreased 3.0% to 3,769 million yen, and ordinary profit dipped 0.4% to 4,038 million yen. Profit attributable to owners of the parent fell significantly by 13.3% to 2,260 million yen, mainly due to asset removal losses from software replacement and increased impairment losses related to stores.

The company's domestic CoCo Ichibanya stores saw a 1.6% sales increase to 69,467 million yen, with existing stores up 1.0%. Overseas operations reported a 1.2% sales increase to 13,872 million yen. Despite promotional efforts, the number of customers at existing domestic stores decreased by 4.0%, although the average customer spend rose 5.2% due to price revisions.

Ichibanya maintains its full-year consolidated earnings forecast for the fiscal year ending February 28, 2026, anticipating net sales of 67,300 million yen, operating profit of 5,400 million yen, and profit attributable to owners of the parent of 3,300 million yen. The company projects an annual dividend of 16.00 yen per share, with 8.00 yen already paid for the second quarter and 8.00 yen forecasted for the fiscal year-end.