Tsuruha HoldingsTSURUHA HOLDINGS INC.3391東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP

Tsuruha Holdings FY ending Feb 2026 results

Tsuruha Holdings brought in ¥1.45T in revenue.

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

Revenue changed +71.5% from the prior year, operating profit +66.4%.

What changed from last year

FY ending Feb 2025 → FY ending Feb 2026

Revenue
+71.5%¥845.6B → ¥1.45T
Gross profit
+72.4%¥257.5B → ¥444B
Operating income
+66.4%¥37.9B → ¥63B
Net income attributable to owners
+148.0%¥17.2B → ¥42.7B
Operating cash flow
+30.8%¥64.6B → ¥84.6B
Free cash flow
+34.3%¥41.8B → ¥56.1B

Results at a glance

  • In the FY ending Feb 2026, revenue was ¥1.45T, operating income ¥63B and net income ¥42.7B.
  • On paper, revenue rose +71.5%, operating income +66.4% and net income +148.0%.
  • Those jumps overstate real growth: the prior year was a shortened period after a change in fiscal year-end, and the company itself does not compare the two. This year also includes stores added through the merger with Welcia Holdings.
  • Operating cash flow was ¥84.6B, up +30.8% from ¥64.6B.

What drove the change

  • More drugstores with pharmacy counters meant more prescriptions filled, lifting pharmacy sales.
  • With food prices still rising, low-priced private-label items, snacks and daily fresh goods sold well.
  • Higher food and pharmacy sales plus efforts to improve margins kept the gross margin at 30.6%.

Things to watch

  • More stores in the market and shifting local trade areas keep competition tough.
  • Consolidation inside and outside the industry, and tie-ups across retail formats, are raising the level of competition.
  • Impairment losses on store assets and provisions for store closures weighed on net income this year.

Annual Securities Report, 64th term (Mar 2025–Feb 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

Where the money goes

FY ending Feb 2025 → FY ending Feb 2026

Where ¥100 of sales goes

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

FY ending Feb 2026
Cost of sales
¥70
SG&A
¥26
Operating profit
¥4
Net profit kept
¥3

Annual margin trends

Gross margin30.6%
FY ending May 2024: 30.4%30.4%FY ending Feb 2025: 30.5%30.5%FY ending Feb 2026: 30.6%30.6%FY24FY25FY26
Operating margin4.3%
FY ending May 2024: 4.6%4.6%FY ending Feb 2025: 4.5%4.5%FY ending Feb 2026: 4.3%4.3%FY24FY25FY26
Net margin2.9%
FY ending May 2024: 2.1%2.1%FY ending Feb 2025: 2.0%2.0%FY ending Feb 2026: 2.9%2.9%FY24FY25FY26

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

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第64期(2025/03/01-2026/02/28)

    ID S100Y5EY2026-05-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第63期(2024/05/16-2025/02/28)

    ID S100VTHA2025-05-26Open

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

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