JM Holdings (3539) Q1 2025 earnings summary

Executive summary

• Revenue increased 6.4% year-over-year to ¥44,066 million, driven by strong supermarket and restaurant sales.

• Operating profit declined 10.4% year-over-year to ¥1,847 million due to one-time costs from new store openings and higher food costs.

• Net income attributable to shareholders fell 27.2% year-over-year to ¥687 million.

Financial highlights

• Gross profit margin decreased by 0.6 percentage points year-over-year, mainly due to higher food prices, especially rice.

• Comprehensive income for the quarter was ¥684 million, down 33.2% year-over-year.

• EPS for the quarter was ¥26.39, compared to ¥35.40 in the same period last year.

Outlook and guidance

• Full-year revenue forecast is ¥180,000 million, up 4.4% year-over-year.

• Full-year operating profit forecast is ¥9,900 million, up 8.2% year-over-year.

• Full-year net income forecast is ¥6,200 million, up 13.4% year-over-year.

• No changes to previously announced guidance.