Vizora日本語

and ST HDand ST HD Co., Ltd.2685東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP

and ST HD FY ending Feb 2026 results

About 95% of and ST HD's sales come from Apparel and Miscellaneous goods Related, with Other making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +3.8% from the prior year, operating profit +6.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +3.8% · profit +6.5%, calculated from disclosed figures.

Operating leverage: 1.70× (profit growth ÷ revenue growth)

What changed from last year

FY ending Feb 2025 → FY ending Feb 2026

Revenue
+3.8%¥293.1B → ¥304.4B
Gross profit
+3.6%¥160.3B → ¥166.1B
Operating income
+6.5%¥15.5B → ¥16.5B
Net income attributable to owners
-1.2%¥9.61B → ¥9.5B
Operating cash flow
-3.8%¥21.4B → ¥20.6B
Free cash flow
-32.7%¥9.98B → ¥6.72B

Results at a glance

  • Revenue for the FY ending Feb 2026 grew +3.8% to ¥304.4B, up from ¥293.1B.
  • Operating income rose +6.5% to ¥16.5B, but net income dipped -1.2% to ¥9.5B.
  • Cash generation weakened: operating cash flow fell -3.8% to ¥20.6B and free cash flow dropped -32.7% to ¥6.72B.

What drove the change

  • Sales grew thanks to acquired brands, opening the and ST online store to other companies' products, and new stores abroad
  • Unseasonable weather meant fewer items sold at full price, trimming the gross margin, but tighter control of SG&A still lifted operating income
  • A gain on selling a logistics center was outweighed by impairment losses on goodwill and stores and a loss on selling the US subsidiary, which pulled net income down

Things to watch

  • A shrinking domestic apparel market as Japan's population ages
  • Higher product costs from a weak yen, freight and factory wages, since most goods are made in Asia
  • Fast-changing trends, unusual weather and inflation shifting how customers shop

Annual Securities Report, 76th fiscal period / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 76th fiscal period / 事業等のリスク

Where the money goes

FY ending Feb 2025 → FY ending Feb 2026

Where ¥100 of sales goes

For every ¥100 and ST HD sells, how much goes where, and how much is kept.

FY ending Feb 2026
Cost of sales
¥45
SG&A
¥49
Operating profit
¥6
Net profit kept
¥3

Annual margin trends

Gross margin54.6%
FY ending Feb 2021: 54.5%54.5%FY ending Feb 2022: 55.1%55.1%FY ending Feb 2023: 54.7%54.7%FY ending Feb 2024: 55.3%55.3%FY ending Feb 2025: 54.7%54.7%FY ending Feb 2026: 54.6%54.6%FY21FY22FY23FY24FY25FY26
Operating margin5.4%
FY ending Feb 2021: 0.4%0.4%FY ending Feb 2022: 3.3%3.3%FY ending Feb 2023: 4.7%4.7%FY ending Feb 2024: 6.5%6.5%FY ending Feb 2025: 5.3%5.3%FY ending Feb 2026: 5.4%5.4%FY21FY22FY23FY24FY25FY26
Net margin3.1%
FY ending Feb 2021: -0.4%-0.4%FY ending Feb 2022: 2.4%2.4%FY ending Feb 2023: 3.1%3.1%FY ending Feb 2024: 4.9%4.9%FY ending Feb 2025: 3.3%3.3%FY ending Feb 2026: 3.1%3.1%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Feb 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2025/03/01－2026/02/28)

    ID S100Y5ZC2026-05-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(2024/03/01－2025/02/28)

    ID S100VUAR2025-05-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第74期(2023/03/01－2024/02/29)

    ID S100THAR2024-05-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第73期(2022/03/01－2023/02/28)

    ID S100QTL22023-05-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第72期(令和3年3月1日－令和4年2月28日)

    ID S100O4C82022-05-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第71期(令和2年3月1日－令和3年2月28日)

    ID S100LEKE2021-05-28Open

Extracted from XBRL: 53 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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