HeiwadoHEIWADO CO.,LTD.8276東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP

Heiwado FY ending Feb 2026 results

About 95% of Heiwado's sales come from Retail, with Other and Retail related making up much of the rest.

Out of every ¥100 of sales, about ¥3 is left as operating profit.

Revenue changed +2.4% from the prior year, operating profit -0.4%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +2.4% · profit -0.4%, calculated from disclosed figures.

Operating leverage: -0.15× (profit growth ÷ revenue growth)

What changed from last year

FY ending Feb 2025 → FY ending Feb 2026

Revenue
+2.4%¥408.3B → ¥418B
Gross profit
+2.6%¥124.7B → ¥127.9B
Operating income
-0.4%¥13.4B → ¥13.3B
Net income attributable to owners
-12.3%¥10.7B → ¥9.41B
Operating cash flow
-22.6%¥23B → ¥17.8B
Free cash flow
-93.7%¥6.8B → ¥429M

Results at a glance

  • Sales reached ¥418B (+2.4%), helped by folding subsidiaries Yanagen and Ale into the parent.
  • Operating income barely moved at ¥13.3B (-0.4%): higher pay for store staff ate the extra gross profit.
  • Net income fell to ¥9.41B (-12.3%). Last year's gain from selling shares didn't repeat, and write-downs and store-closure costs grew.
  • Free cash flow thinned to ¥429M.

What drove the change

  • More shoppers came, and each spent more. Bulk packs aimed at young families and low prices on everyday staples did the work.
  • Subsidiary Bestone's prep centers took over cutting and cooking, so fresh-food sales grew while store labor hours stayed in check.
  • The department store in China lost floor space to a big remodel, and the bookstore-and-gym unit Direct Shop shrank with its markets.

Things to watch

  • Supermarkets need a lot of hands; rising minimum wages and hiring trouble go straight to margins.
  • New rival stores, online shopping and price fights with other kinds of retailers could drain existing stores.
  • Failing to secure sites near its store clusters, or losing tenants in its malls, would also weigh on results.

Annual Securities Report (69th term) / 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 (69th term) / 事業等のリスク

Where the money goes

FY ending Feb 2025 → FY ending Feb 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

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

FY ending Feb 2026
Cost of sales
¥69
SG&A
¥37
Other costs
¥9
Operating profit
¥3
Net profit kept
¥2

Annual margin trends

Gross margin30.6%
FY ending Feb 2021: 29.6%29.6%FY ending Feb 2022: 29.7%29.7%FY ending Feb 2023: 30.4%30.4%FY ending Feb 2024: 30.7%30.7%FY ending Feb 2025: 30.5%30.5%FY ending Feb 2026: 30.6%30.6%FY21FY22FY23FY24FY25FY26
Operating margin3.2%
FY ending Feb 2021: 3.4%3.4%FY ending Feb 2022: 3.7%3.7%FY ending Feb 2023: 3.0%3.0%FY ending Feb 2024: 3.4%3.4%FY ending Feb 2025: 3.3%3.3%FY ending Feb 2026: 3.2%3.2%FY21FY22FY23FY24FY25FY26
Net margin2.3%
FY ending Feb 2021: 2.4%2.4%FY ending Feb 2022: 2.6%2.6%FY ending Feb 2023: 2.0%2.0%FY ending Feb 2024: 1.7%1.7%FY ending Feb 2025: 2.6%2.6%FY ending Feb 2026: 2.3%2.3%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69期(2025/02/21-2026/02/20)

    ID S100Y2FB2026-05-11Open
  • EDINET (FSA Japan)

    有価証券報告書-第68期(2024/02/21-2025/02/20)

    ID S100VRO82025-05-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(2023/02/21-2024/02/20)

    ID S100TGDM2024-05-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2022/02/21-2023/02/20)

    ID S100QRZ12023-05-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(令和3年2月21日-令和4年2月20日)

    ID S100O30J2022-05-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第64期(令和2年2月21日-令和3年2月20日)

    ID S100LBGD2021-05-14Open

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

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

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.