HappinetHAPPINET CORPORATION7552東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Happinet FY ending Mar 2026 results

About 44% of Happinet's sales come from Toy business, with Video-game business and Amusement business making up much of the rest.

Out of every ¥100 of sales, about ¥4 is left as operating profit.

Revenue changed +20.5% from the prior year, operating profit +33.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +20.5% · profit +33.5%, calculated from disclosed figures.

Operating leverage: 1.64× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥439.1B, up +20.5% from ¥364.4B.
Profit grew faster than sales: operating income rose +33.5% from ¥11.7B to ¥15.6B, and net income rose +49.3% from ¥6.76B to ¥10.1B.
Operating cash flow fell -12.6% to ¥15.8B, mainly because more money was tied up in customer receivables.

Nintendo's new console, its accessories and related game titles sold strongly, lifting the video game business.
In toys, lottery-style prize items such as Ichiban Kuji and the hit Tamagotchi Paradise did well, and the company widened its distribution of plastic models and figures.
The capsule toy market stayed strong and more shops opened, including its own Gashacoco stores. The video and music business fell into a loss after an investment loss on a foreign film it had bought.

Results depend heavily on consumer spending, so shifts from falling birth rates or the move to digital could hurt.
A large share of purchases and sales goes through a few big partners, so changes in those relationships matter.
As a wholesaler it holds a lot of inventory, and a wrong demand forecast could leave it with too much stock.

Annual securities report: management analysis / 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: business risks / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

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

FY ending Mar 2026

Gross margin12.0%

Operating margin3.6%

Net margin2.3%

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

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

FY ending Mar 2026

Toy business¥192.4B
44%
Op. margin 5.9%Industry: Toys & Hobbies
Video-game business¥119B
27%
Op. margin 1.8%Industry: Games
Amusement business¥65.4B
15%
Op. margin 7.9%Industry: Amusement Centers & Karaoke
Visual and Music business¥62.2B
14%
Op. margin -1.8%Industry: Film & Anime

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

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第58期(2025/04/01－2026/03/31)
ID S100YCH42026-06-17Open
EDINET (FSA Japan)
有価証券報告書－第57期(2024/04/01－2025/03/31)
ID S100VYP32025-06-20Open
EDINET (FSA Japan)
有価証券報告書－第56期(2023/04/01－2024/03/31)
ID S100TNJU2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第55期(2022/04/01－2023/03/31)
ID S100R0CA2023-06-23Open
EDINET (FSA Japan)
有価証券報告書－第54期(令和3年4月1日－令和4年3月31日)
ID S100OAQU2022-06-24Open
EDINET (FSA Japan)
有価証券報告書－第53期(令和2年4月1日－令和3年3月31日)
ID S100LN062021-06-25Open

Extracted from XBRL: 52 / Derived from other figures: 1

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