Fiscal Year Ending February 2026 Full-Year Financial Results Briefing

Overview of Performance

For the full fiscal year 2025, total operating revenue increased to 91,788 million yen, up 104.9% year-on-year. However, operating income was △3,610 million yen and ordinary income was △3,067 million yen, with the deficits widening. Net income was △5,630 million yen, showing a 1,143 million yen improvement compared to the previous year. Total chain-wide sales came to 275,285 million yen, achieving 91.8% of the plan, and same-store daily sales reached 94.3% of plan, both showing sluggish results. The business expense ratio worsened by 1.5 points to 19.4% compared to the previous year.

Segment and Factor Analysis

At Ministop standalone, operating income increased due to higher sales from an increase in company-operated stores, but income was pressured by a decline in franchise revenue and rising personnel expenses in SG&A. The Vietnam business improved operating income by 800 million yen through merchandise management reforms and operational improvements. While same-store sales are recovering, measures are required due to the discontinuation of products such as handmade rice balls. Management guidance reforms and merchandise management reforms are being promoted to improve store profitability, along with initiatives to reduce food loss and review pricing strategies.