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MatsukiyoCocokara & Co3088東証プライム小売業FY ending Mar 2026, consolidated, J-GAAP

MatsukiyoCocokara & Co FY ending Mar 2026 results

About 64% of MatsukiyoCocokara & Co's sales come from Matsumoto Kiyoshi Group, with Cocokara Fine Group and And Company making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +5.3% from the prior year, operating profit +3.5%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +5.3% · profit +3.5%, calculated from disclosed figures.

Operating leverage: 0.66× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+5.3%¥1.06T → ¥1.12T
Gross profit
+5.8%¥372.2B → ¥393.8B
Operating income
+3.5%¥82.1B → ¥84.9B
Net income attributable to owners
+2.0%¥54.7B → ¥55.8B
Operating cash flow
-10.2%¥81.5B → ¥73.2B
Free cash flow
-20.8%¥67B → ¥53.1B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.12T, up +5.3% from ¥1.06T a year earlier.
  • Operating income grew +3.5% to ¥84.9B and net income grew +2.0% to ¥55.8B, so profit rose more slowly than sales.
  • Cash generation weakened: operating cash flow fell -10.2% to ¥73.2B and free cash flow fell -20.8% to ¥53.1B.

What drove the change

  • At Matsumoto Kiyoshi, more foot traffic in cities and shopping centers, plus spending by foreign tourists, lifted sales, led by cosmetics.
  • The group bought Shinseido Pharmacy, a pharmacy and drugstore chain in northern Kyushu, which now forms a new And Company segment.
  • Cocokara Fine closed some stores and opened others elsewhere to improve profitability.

Things to watch

  • Competition is intense, not only from other drugstores but also from supermarkets, convenience stores and online retailers.
  • Fewer foreign visitors to Japan would cut tourist demand.
  • Changes to drug prices and dispensing fees, and difficulty hiring pharmacists, could weigh on the pharmacy business.

Annual securities report (FY ending Mar 2026) / 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 (FY ending Mar 2026) / 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 MatsukiyoCocokara & Co sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥65
SG&A
¥28
Operating profit
¥7
Net profit kept
¥5

Annual margin trends

Gross margin35.2%
FY ending Mar 2021: 31.4%31.4%FY ending Mar 2022: 32.9%32.9%FY ending Mar 2023: 34.6%34.6%FY ending Mar 2024: 34.6%34.6%FY ending Mar 2025: 35.1%35.1%FY ending Mar 2026: 35.2%35.2%FY21FY22FY23FY24FY25FY26
Operating margin7.6%
FY ending Mar 2021: 5.8%5.8%FY ending Mar 2022: 5.6%5.6%FY ending Mar 2023: 6.5%6.5%FY ending Mar 2024: 7.4%7.4%FY ending Mar 2025: 7.7%7.7%FY ending Mar 2026: 7.6%7.6%FY21FY22FY23FY24FY25FY26
Net margin5.0%
FY ending Mar 2021: 4.0%4.0%FY ending Mar 2022: 4.7%4.7%FY ending Mar 2023: 4.3%4.3%FY ending Mar 2024: 5.1%5.1%FY ending Mar 2025: 5.2%5.2%FY ending Mar 2026: 5.0%5.0%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 Mar 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19期(2025/04/01－2026/03/31)

    ID S100YD1I2026-06-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(2024/04/01－2025/03/31)

    ID S100W0CL2025-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(2023/04/01－2024/03/31)

    ID S100TNUD2024-06-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第16期(2022/04/01－2023/03/31)

    ID S100R0WI2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第15期(令和3年4月1日－令和4年3月31日)

    ID S100OE2A2022-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第14期(令和2年4月1日－令和3年3月31日)

    ID S100LR7W2021-06-29Open

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

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

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