Seria Co.,Ltd.
2782・Standard Market・Retail Trade
Seria Co., Ltd. (100-Yen Shop Business, Single Segment)
Japan's largest 100-yen flat-price retail chain specializing in uniform pricing
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥255,695 million | ¥236,327 million | ↑ |
| Operating profit (full year) | ¥20,968 million | ¥16,836 million | ↑ |
| Ordinary profit (full year) | ¥21,287 million | ¥16,993 million | ↑ |
| Net income (full year) | ¥14,696 million | ¥11,218 million | ↑ |
| Operating margin | 8.2% | 7.1% | ↑ |
| Cost of sales ratio | 58.3% | 58.6% | ↓ |
| Existing directly-operated store sales, year on year | 105.5% | － | ↑ |
| Number of stores at fiscal year-end (directly-operated + FC) | 2,134 stores (2,101 directly-operated, 33 FC) | 2,070 stores (2,037 directly-operated, 33 FC) | ↑ |
| Net income per share | ¥219.08 | ¥149.09 | ↑ |
| Equity ratio | 72.1% | 76.3% | ↓ |
| Cash flow from operating activities | ¥19,016 million | ¥16,004 million | ↑ |
Business Details
The Company operates retail and wholesale businesses under the "100-Yen Shop" concept as a single segment. Consumer sales through directly-operated stores account for over 99.0% of net sales, with the remainder comprised of FC stores, wholesale, and overseas sales. Products are broadly divided into sundry goods (approximately 98.8% of sales composition) and confectionery/food items, spanning numerous categories including makeup, storage items, stationery, and seasonal goods. While maintaining a uniform price of 100 yen (excluding tax), the Company delivers a value proposition that captures consumers' cost-saving mindset and inbound demand.
Recent Overview
Achieved higher sales and profits; conducted large-scale share repurchase of ¥25,135 million
In FY2026 (ending March 2026), net sales reached ¥255,695 million (up 8.2% year on year) and operating profit reached ¥20,968 million (up 24.5% year on year), representing a substantial profit increase. The cost of sales ratio declined 0.3 percentage points year on year to 58.3%, and the SG&A expense ratio also declined 0.8 percentage points, improving the operating margin to 8.2%. On the other hand, following the execution of a ¥25,135 million share repurchase, net assets decreased to ¥92,837 million (down ¥15,164 million year on year) and cash and cash equivalents decreased to ¥38,049 million (down ¥15,978 million year on year). For FY2027 (ending March 2027), the Company expects the cost of sales ratio to rise and forecasts operating profit of ¥21,100 million (up 0.6% year on year), a slight profit increase.
Key Products
Growth Drivers
- Steady growth in existing directly-operated store sales (up 105.5% year on year for the full year), boosting overall earnings
- Improved profit margins driven by an improved cost of sales ratio (58.3%, down 0.3pt year on year) and a lower SG&A expense ratio (down 0.8pt)
- Expansion of the store network and sales scale through a net increase of 64 stores (117 openings, 53 closures)
- Relative competitive advantage of the uniform 100-yen pricing amid consumers' cost-saving mindset and the inflationary environment
- Steady inbound demand contributing to store visitor traffic and average purchase amount per customer
- Productivity improvements through operational "detox" initiatives (review of business operations and improvement of internal systems)
Risks
- Risk of rising raw material and procurement costs under a business model premised on maintaining the uniform 100-yen (excluding tax) price (the cost of sales ratio is expected to rise by 0.7pt in FY2027, ending March 2027)
- Risk of persistently high supply chain costs due to rising crude oil prices amid heightened tensions in the Middle East
- Downward pressure on personal consumption from declining real income amid rising prices
- Intensifying competition in the 100-yen shop market (including expansion of multi-price-point product offerings by competitors)
- Impact on procurement costs from changes in trade policies (such as tariffs) in various countries
- Reduced liquidity on hand and narrower financial flexibility resulting from the large-scale share repurchase (¥25,135 million)
Last updated: June 24, 2026