Bic Camera Inc. (TSE: 3048) reported consolidated results for the nine months to May 31, 2026 (the first three quarters of its fiscal year ending August 2026) under Japanese GAAP. Revenue rose 7.6% to ¥785,373 million, operating profit jumped 35.8% to ¥33,297 million, ordinary profit rose 33.5% to ¥34,128 million, and net profit attributable to owners of the parent climbed 31.1% to ¥19,839 million. Basic earnings per share were ¥115.86, up from ¥88.42 a year earlier.
Operating leverage lifts margins
Profit grew far faster than sales — operating profit up 35.8% against a 7.6% revenue gain — as one of Japan's largest home-appliance and electronics chains extracted operating leverage from higher store traffic and firm demand across white goods, smartphones and seasonal air-conditioning categories. Comprehensive income rose 27.0% to ¥23,879 million.
Guidance already surpassed
The nine-month net profit of ¥19,839 million has already exceeded the company's full-year net-profit guidance of ¥18,400 million, underlining how conservative that target now looks. For the full year to August 2026 management still guides revenue of ¥1,022,000 million (+4.9%), operating profit of ¥34,400 million (+13.6%), ordinary profit of ¥35,700 million (+11.8%) and net profit of ¥18,400 million (+5.3%), with EPS of ¥107.45; the forecast was left unchanged.
Balance sheet and TD Mobile
Total assets stood at ¥540,116 million and net assets at ¥227,574 million, for an equity ratio of 33.7%. During the period the group removed mobile-phone reseller TD Mobile from its scope of consolidation. Bic Camera also operates the listed electronics chain Kojima (TSE: 7513) within its group.
Dividend raised to ¥43
Management guides a full-year dividend of ¥43.00 per share (¥20.00 interim + ¥23.00 year-end), up from ¥41.00 the previous year.
| Metric | 9M FY8/2026 | 9M FY8/2025 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 785.37 | 729.90 | +7.6% |
| Operating profit (¥ billion) | 33.30 | 24.52 | +35.8% |
| Ordinary profit (¥ billion) | 34.13 | 25.57 | +33.5% |
| Net profit attrib. to owners (¥ billion) | 19.84 | 15.14 | +31.1% |
| Basic EPS (¥) | 115.86 | 88.42 | +31.1% |
| Annual dividend (¥, forecast) | 43.00 | 41.00 | +4.9% |
| FY26 net profit guidance (¥ billion) | 18.40 | 17.48 | +5.3% |
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.