ALPICO HOLDINGS CO., LTD.
297A・Standard Market・Retail Trade
ALPICO HOLDINGS CO., LTD.
297A・Standard Market・Retail Trade
Distribution Business
Food supermarket business with one of the top store networks in Nagano Prefecture as its core
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment operating revenue (external customers + internal) | ¥78,738 million | ¥76,739 million | ↑ |
| Segment operating profit | ¥1,731 million | ¥1,620 million | ↑ |
| Segment assets | ¥33,151 million | ¥31,697 million | ↑ |
| Depreciation and amortization | ¥1,646 million | ¥1,563 million | ↑ |
| Increase in tangible and intangible fixed assets (capital expenditures) | ¥2,731 million | ¥2,058 million | ↑ |
| Impairment loss | ¥209 million | ¥388 million | ↓ |
Business Details
Operates 61 stores in total across Nagano Prefecture, comprising 52 food supermarket "Delicia" stores (including 4 "Delicia Meals" stores) and 9 "Gyomu Super / Eu Palette" stores centered on wholesale-oriented merchandise. Also pursues a multichannel strategy through 40 Tokushimaru (Mobile Supermarket) vehicles, 19 Delicia Net Super locations, and 1 Self-Checkout Unmanned Store. Achieved higher revenue and profit driven by unit price increases from merchandise price revisions and the effect of new store openings.
Recent Overview
Higher revenue and profit driven by new store openings and unit price increases; capital expenditures also rose significantly year on year
In FY2026 (ending March 2026), operating revenue rose 2.6% year on year to ¥78,738 million and operating profit rose 6.8% year on year to ¥1,731 million, driven by unit price increases from merchandise price revisions and the effect of the "Delicia Kawanakajima" store, which opened in October 2025. Although it was difficult to fully pass on the rise in procurement costs, which pressured gross profit, the company was able to cover increases in personnel and other costs. Capital expenditures increased 32.7% year on year to ¥2,731 million, accelerating growth investment. Impairment losses declined from ¥388 million in the prior period to ¥209 million.
Key Products
Growth Drivers
- Increase in average customer spend through merchandise price revisions (partial pass-through of rising procurement costs)
- Increase in store count through new store openings (Delicia Kawanakajima, opened October 2025)
- Expanded rollout of Delicia Meals (a new format with enhanced prepared foods) (4 stores since FY2024)
- Multichannel expansion through mobile supermarkets, online supermarkets, and unmanned checkout stores
- Promotion of labor saving and efficiency through DX and ICT technologies (e.g., AI demand-forecasting automated ordering)
- Strengthened store competitiveness through more active capital expenditure (¥2,731 million in FY2026, up 32.7% year on year)
Risks
- Pressure on gross profit from soaring procurement costs (fresh food market prices, agricultural product prices), given the difficulty of fully passing costs on due to competitive pressures
- Increased costs from rising personnel expenses and energy prices (continued wage increases and base pay hikes)
- Intensifying competition from strengthening consumer thrift consciousness and GMS industry consolidation
- Rising store operation costs due to chronic labor shortages
- Ongoing risk of further increases in procurement costs due to persistently high raw material prices
Last updated: June 22, 2026