United Super Markets Holdings Inc. (TSE: 3222), which operates the Maruetsu, Kasumi and Maxvalu Kanto supermarket chains in the Tokyo metropolitan area, reported results for the first quarter of the fiscal year ending February 2027 — the three months to May 31, 2026. Operating revenue rose 16.8% to ¥273,635m, reflecting a wider consolidation perimeter, but the group posted an operating loss of ¥805m (from a ¥747m profit), an ordinary loss of ¥823m and a net loss attributable to owners of ¥2,077m (versus a ¥129m loss a year earlier). Quarterly loss per share was ¥10.03.
Integration weighs on first quarter
The revenue jump and an increase in shares outstanding, to about 210 million, reflect a business combination that expanded the group. The first quarter is seasonally the weakest, and integration-related costs pushed the period into a loss even as the full-year outlook points to sharply higher profit.
Balance sheet and dividend
Total assets were ¥421,464m and net assets ¥205,811m, for an equity ratio of 48.8%. U.S.M.H guides a full-year dividend of ¥16.00 per share.
Outlook
For the full year to February 2027, U.S.M.H guides operating revenue of ¥1,133,200m (+17.6%), operating profit of ¥10,000m (+98.0%), ordinary profit of ¥9,600m (+95.5%) and net profit of ¥150m, for EPS of ¥0.72.
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Operating revenue (¥m) | 273,635 | 234,322 | +16.8% |
| Operating profit (¥m) | −805 | 747 | — |
| Ordinary profit (¥m) | −823 | 565 | — |
| Net profit attrib. (¥m) | −2,077 | −129 | — |
| EPS (¥) | −10.03 | −0.66 | — |
| Equity ratio | 48.8% | 52.9% | −4.1pp |
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