Create SD FY26 Net Profit Up 8% to ¥17.0 Billion as Drugstore Chain Expands into Supermarkets

Create SD Holdings, Inc. (TSE: 3148) reported consolidated FY5/2026 results under Japanese GAAP. Revenue rose 8.8% to ¥497,128 million; operating profit rose 5.9% to ¥23,970 million; ordinary profit rose 7.8% to ¥25,232 million; and net profit attributable to owners rose 8.3% to ¥16,990 million. Basic EPS was ¥263.00 (prior ¥242.82).

Expansion into supermarkets

The group changed its scope of consolidation during the year, newly consolidating three companies including Yaohan Holdings and Yaohan Food Center while removing San-F — a move into the supermarket business that complements its drugstore and dispensing-pharmacy core across Kanagawa, greater Tokyo and the Tokai region.

Balance sheet & heavy investment

Total assets were ¥255,350 million and net assets ¥154,321 million, an equity ratio of 60.4%; book value per share was ¥2,388.79. Operating cash flow reached ¥25,435 million, against a ¥20,405 million investing outflow reflecting continued store openings and the acquisition, and a ¥5,678 million financing outflow. Period-end cash was ¥36,699 million.

Dividend raised to ¥93

The FY5/2026 annual dividend rose to ¥93.00 per share (¥45 interim + ¥48 year-end) from ¥78.00, a payout ratio of 35.4%. Management guides ¥96.00 (¥48 + ¥48) for FY5/2027.

FY27 guidance

For FY5/2027 the company guides revenue of ¥541,000 million (+8.8%), operating profit of ¥25,300 million (+5.5%), ordinary profit of ¥26,500 million (+5.0%) and net profit of ¥17,000 million (+0.1%), with EPS of ¥263.15 — top-line growth continuing while profit is held roughly flat as the supermarket integration is absorbed.

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.