Halows Co., Ltd. (TSE: 2742) reported non-consolidated results for the first quarter of FY2/2027 (March 1–May 31, 2026; J-GAAP). Operating revenue rose 7.2% to ¥57,876 million, but operating profit fell 10.5% to ¥2,728 million, ordinary profit fell 10.2% to ¥2,747 million, and net profit fell 7.2% to ¥1,977 million. EPS was ¥92.64.
Sales growth, squeezed margins
Top-line growth reflected steady demand at the chain's supermarkets across the Chugoku and Shikoku regions, where Halows is known for round-the-clock operations, but profit slipped as cost inflation in goods, labour and utilities outpaced the revenue gain.
Balance sheet and dividend
Total assets were ¥137,028 million, net assets ¥78,974 million, and the equity ratio 57.4%. The FY2/2027 dividend forecast was raised to ¥72.00 (¥36 interim + ¥36 year-end) from ¥70.00 a year earlier.
Full-year guidance maintained
Management kept its FY2/2027 guidance: operating revenue of ¥245,622 million (+8.8%), operating profit of ¥12,590 million (+0.9%), ordinary profit of ¥12,580 million (+0.1%) and net profit of ¥8,660 million (−3.6%), with EPS of ¥405.66.
| Metric | Q1 FY2/2027 | Q1 FY2/2026 | YoY |
|---|---|---|---|
| Operating revenue (¥ million) | 57,876 | 53,996 | +7.2% |
| Operating profit (¥ million) | 2,728 | 3,047 | -10.5% |
| Ordinary profit (¥ million) | 2,747 | 3,059 | -10.2% |
| Net profit (¥ million) | 1,977 | 2,131 | -7.2% |
| EPS (¥) | 92.64 | 99.65 | -7.0% |
| Equity ratio | 57.4% | 57.0% | +0.4pp |
| Annual dividend (¥) | 72.00 | 70.00 | +2.9% |
| FY27 net profit guidance (¥ million) | 8,660 | — | -3.6% |
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