Arcs Co., Ltd. (TSE/Sapporo: 9948), one of northern Japan's largest food-retail groups — operating supermarket banners including Ralse and Universe across Hokkaido and the Tohoku and Koshinetsu regions — reported first-quarter results for the three months to May 31, 2026. Under Japanese GAAP, consolidated revenue rose 2.7% to ¥158.48 billion, operating profit rose 5.9% to ¥4.10 billion, ordinary profit rose 5.6% to ¥4.47 billion and net profit attributable to owners rose 3.0% to ¥2.88 billion. EPS was ¥54.09, up from ¥51.85.
Steady food-retail demand
Modest sales growth reflected resilient grocery demand across the group's northern-Japan store network, while cost discipline lifted margins slightly. Comprehensive income was ¥2.17 billion, down 33.1% on lower valuation gains on securities holdings.
Balance sheet
Arcs retains one of the strongest balance sheets in the sector, with total assets of ¥302.88 billion, net assets of ¥195.92 billion and an equity ratio of 64.7%.
Dividend and outlook
The company kept its annual dividend guidance at ¥82 (¥41 interim plus ¥41 year-end). For the first half it guides revenue of ¥323.50 billion (+3.1%) and operating profit of ¥8.43 billion (+5.6%); for the full year to February 2027 it guides revenue of ¥648.00 billion (+3.4%), operating profit of ¥18.00 billion (+2.1%), ordinary profit of ¥19.60 billion (+2.3%) and net profit of ¥12.40 billion (−0.4%), for EPS of ¥232.73.
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Revenue (¥m) | 158,479 | 154,294 | +2.7% |
| Operating profit (¥m) | 4,104 | 3,874 | +5.9% |
| Ordinary profit (¥m) | 4,472 | 4,233 | +5.6% |
| Net profit attrib. (¥m) | 2,881 | 2,798 | +3.0% |
| EPS (¥) | 54.09 | 51.85 | +4.3% |
| Equity ratio | 64.7% | 65.2% | −0.5pp |
| FY2/27 OP guidance (¥m) | 18,000 | 17,626 | +2.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.