Kojima Co., Ltd. (TSE: 7513) reported non-consolidated results for the nine months ended May 31, 2026 under Japanese GAAP. Revenue rose 6.0% to ¥222,824 million; operating profit rose 34.1% to ¥7,402 million; ordinary profit rose 30.7% to ¥7,602 million; and net profit rose 30.5% to ¥5,188 million. The Utsunomiya-based, Bic Camera group electronics retailer delivered growth across both the top and bottom lines during the first three quarters of its August fiscal year.
Air conditioners and smartphones lead sales
Air conditioners were a standout, supported by a Tokyo metropolitan subsidy programme and pre-emptive demand tied to Japan's "2027 problem" for older units, while smartphones, gaming and home fixtures also grew. Although a higher mix of lower-margin phones and game consoles pressured gross margin, the push into higher-value products lifted the overall gross-margin ratio year-on-year; strong sales growth also drove down the ratio of selling, general and administrative expenses to revenue.
Balance sheet and store network
Total assets rose 10.0% to ¥132,837 million and net assets rose to ¥73,924 million. The store network stood at 139 outlets after two openings and two closures during the period, including the replacement of the Hashimoto store with a new "COTOE" format.
Buyback and shareholder returns
As a subsequent event, the board resolved on July 13, 2026 to buy back up to 500,000 shares (about 0.64% of shares outstanding ex-treasury) for up to ¥900 million between July 15 and September 30, 2026. Marking its 70th anniversary, the company has also expanded its shareholder-benefit programme.
Full-year guidance unchanged
The full-year FY8/2026 forecast is unchanged from the upward revision announced on April 9, 2026, which had also lifted the dividend outlook.
| Metric | 9M FY8/26 | 9M FY8/25 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 222.82 | 210.12 | +6.0% |
| Operating profit (¥ billion) | 7.40 | 5.52 | +34.1% |
| Ordinary profit (¥ billion) | 7.60 | 5.82 | +30.7% |
| Net profit (¥ billion) | 5.19 | 3.97 | +30.5% |
| Total assets (¥ billion) | 132.84 | 120.79 | +10.0% |
| Store count | 139 | — | — |
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