JM Holdings' Q1 profits climb despite impairment losses

JM Holdings announced its consolidated financial results for the three months ended October 31, 2025. Net sales increased by JPY 3,619 million (8.2%) year-on-year to JPY 47,686 million. Operating profit rose by JPY 349 million (18.9%) to JPY 2,196 million, and ordinary profit climbed by JPY 360 million (19.1%) to JPY 2,244 million. However, profit attributable to owners of parent decreased by JPY 142 million (20.7%) to JPY 545 million, primarily due to JPY 268 million in impairment losses.

The supermarket business segment saw net sales grow by 8.2% to JPY 46,514 million and segment profit increase by 19.6% to JPY 2,067 million. Total assets at the end of the quarter increased by JPY 1,850 million to JPY 74,572 million.

The company has not revised its financial results forecast for the fiscal year ending July 31, 2026, maintaining projected full-year net sales of JPY 196,000 million and basic earnings per share of JPY 137.37, after accounting for a two-for-one stock split effective November 1, 2025.