JoshinJoshin Corporation8173東証プライム小売業FY ending Mar 2026, consolidated, J-GAAP

Joshin FY ending Mar 2026 results

Joshin brought in ¥436.6B in revenue.

Out of every ¥100 of sales, about ¥1 is left as operating profit.

Revenue changed +8.3% from the prior year, operating profit +47.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.3% · profit +47.0%, calculated from disclosed figures.

Operating leverage: 5.68× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+8.3%¥403.3B → ¥436.6B
Gross profit
+5.5%¥102.2B → ¥107.8B
Operating income
+47.0%¥3.69B → ¥5.42B
Net income attributable to owners
-3.7%¥3.41B → ¥3.28B
Operating cash flow
-20.1%¥16.4B → ¥13.1B
Free cash flow
-14.1%¥10.1B → ¥8.64B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥436.6B, up from ¥403.3B (+8.3%).
  • Gross profit rose +5.5%, lifting operating income from ¥3.69B to ¥5.42B (+47.0%); the operating margin is 1.2%.
  • Net income attributable to owners, however, slipped to ¥3.28B (-3.7%).
  • Operating cash flow came in at ¥13.1B, versus ¥16.4B a year earlier.

What drove the change

  • A very hot summer boosted air conditioner sales, replacement demand lifted mobile phones and PCs, and new console releases helped games
  • Sales events after the Hanshin Tigers, which Joshin sponsors, won the league title added to revenue
  • SG&A rose on spending for staff and IT systems, but gross profit grew faster; net income fell mainly because gains on selling investment securities were smaller

Things to watch

  • Sales of air conditioners, refrigerators and heaters depend heavily on summer and winter weather
  • The company expects tougher competition as high prices weigh on spending for durable goods
  • Higher interest rates would raise its borrowing costs

Annual Securities Report, 78th 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, 78th fiscal period / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026
Cost of sales
¥75
SG&A
¥24
Operating profit
¥1
Net profit kept
¥1

Annual margin trends

Gross margin24.7%
FY ending Mar 2021: 25.0%25.0%FY ending Mar 2022: 24.0%24.0%FY ending Mar 2023: 25.4%25.4%FY ending Mar 2024: 26.0%26.0%FY ending Mar 2025: 25.3%25.3%FY ending Mar 2026: 24.7%24.7%FY21FY22FY23FY24FY25FY26
Operating margin1.2%
FY ending Mar 2021: 3.7%3.7%FY ending Mar 2022: 2.2%2.2%FY ending Mar 2023: 2.0%2.0%FY ending Mar 2024: 2.1%2.1%FY ending Mar 2025: 0.9%0.9%FY ending Mar 2026: 1.2%1.2%FY21FY22FY23FY24FY25FY26
Net margin0.8%
FY ending Mar 2021: 2.0%2.0%FY ending Mar 2022: 1.6%1.6%FY ending Mar 2023: 1.2%1.2%FY ending Mar 2024: 1.2%1.2%FY ending Mar 2025: 0.8%0.8%FY ending Mar 2026: 0.8%0.8%FY21FY22FY23FY24FY25FY26

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

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2025/04/01-2026/03/31)

    ID S100YHVK2026-06-23Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第77期(2024/04/01-2025/03/31)

    ID S100W98D2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(2023/04/01-2024/03/31)

    ID S100TUBN2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(2022/04/01-2023/03/31)

    ID S100R62H2023-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第74期(令和3年4月1日-令和4年3月31日)

    ID S100P2PH2022-08-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(令和2年4月1日-令和3年3月31日)

    ID S100LMMO2021-06-25Open

Extracted from XBRL: 50 / Derived from other figures: 1

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