Blue Zone Posts ¥452.5 Billion H1 Operating Revenue and ¥23.8 Billion Operating Profit as Discount Supermarkets Surge

First half-year as a holding company

Blue Zone Holdings, Inc. (TSE: 417A) reported consolidated results under Japanese GAAP for the first half of FY3/2027, April 1 to September 30, 2026, on November 9, 2026. The company was set up on October 1, 2025 through a sole share transfer as the parent of Yaoko, so it publishes no prior-year half-year comparison. The same day it brought Delight Holdings and Bunkado into the group. Existing-store sales at the two discount-format companies, AVE and Foodcot, grew strongly, and the group operated 281 stores at September 30: Yaoko 206, AVE 14, Sendo 25, Delight Holdings 13, Foodcot 5 and Bunkado 18.

Ordinary profit was ¥23,274 million and earnings per share ¥78.20, after a five-for-one stock split on April 1, 2026. Total assets fell to ¥418,184 million from ¥427,822 million, while net assets rose to ¥210,754 million and the equity ratio improved to 50.2% from 46.6%. The group operates a single supermarket segment and is installing a group-wide cash management system as it builds toward ¥1 trillion of group sales.

Forecast and dividend unchanged

Blue Zone kept its FY3/2027 forecast of operating revenue of ¥903,000 million (+11.0%), operating profit of ¥37,450 million (+2.9%), ordinary profit of ¥36,350 million and net profit attributable to owners of ¥23,900 million (+1.3%). It paid an interim dividend of ¥16 and plans a year-end ¥16, a total of ¥32; for FY3/2026 the company notes that its ¥97.50 year-end payout plus Yaoko's ¥62.50 interim dividend equalled ¥160 per share before the split.

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.