JASON CO.,LTD.
3080・Standard Market・Retail Trade
Retail business
A single segment centered on the variety store chain "Jason," which offers daily necessities at low prices
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 cumulative) | ¥7,399 million | ¥6,870 million | ↑ |
| Operating income (Q1 cumulative) | ¥153 million | ¥147 million | ↑ |
| Ordinary income (Q1 cumulative) | ¥162 million | ¥153 million | ↑ |
| Quarterly net income attributable to owners of parent (Q1 cumulative) | ¥85 million | ¥89 million | ↓ |
| Operating margin (Q1 cumulative) | 2.1% | 2.1% | — |
| Number of directly operated stores (Jason) | 116 stores | 117 stores | ↓ |
| Total assets | ¥11,426 million | ¥10,875 million | ↑ |
| Net assets | ¥5,851 million | ¥5,931 million | ↓ |
| Equity ratio | 51.2% | 54.5% | ↓ |
| Quarterly net income per share | ¥6.71 | ¥6.96 | ↓ |
Business Details
The company's core business is general retail of frequently-consumed daily necessities, operated under the concepts of "EDLP (Every Day Low Price)" and "short-time shopping." It handles four departments—apparel/interior goods, daily/household goods, food, and alcoholic beverages—and operates 116 directly operated stores (as of May 31, 2026) plus subsidiary Sun Mall stores across one metropolis and five prefectures in the Kanto region (Chiba, Tokyo, Saitama, Ibaraki, Gunma, and Tochigi). Consolidated subsidiaries Spiral (merchandise procurement) and Shojinzawa Beverage (natural water production) complement the group.
Recent Overview
Higher sales and profit driven by strong PB products and Sun Mall's contribution, though net income declined slightly
In the first quarter of FY2027 (ending February 2027) (March–May 2026), the company achieved net sales of ¥7,399 million (up 7.7% year on year), driven by strong sales of PB products, an improved procurement environment for JV products, and the addition of sales from subsidiary Sun Mall. Operating income increased to ¥153 million (up 4.5%) and ordinary income increased to ¥162 million (up 6.0%). On the other hand, due to the recording of a loss on retirement of fixed assets of ¥1,700 thousand and an increase in corporate taxes, quarterly net income attributable to owners of parent decreased slightly to ¥85 million (down 3.6%). Based on the scrap-and-build policy, one store was closed, bringing the number of directly operated stores to 116. There is no change to the full-year earnings forecast (net sales of ¥29,000 million, operating income of ¥210 million).
Key Products
Growth Drivers
- Continued strong sales of PB products "Shojinzawa Natural Water" and "Hajikeru Kyotansansui" and support from a broad customer base
- Sales contribution from subsidiary Sun Mall and accelerating synergy effects through merchandise supply between the two companies
- Improved gross profit due to a better procurement environment for JV and other products
- Stable earnings secured through the established increased-production system at subsidiary Shojinzawa Beverage, contributing to consolidated results
- Maintenance of the earnings base through thorough promotion of low-cost management
Risks
- Upward pressure on selling, general and administrative expenses from rising labor costs, rent associated with store openings, and expenses borne by Sun Mall
- Downside economic risk from the impact of U.S. trade policy and continued high prices, and strengthened consumer thrift consciousness
- Risk of rising procurement costs due to surging energy prices and rising costs mainly for food items
- Risk of slowing customer traffic and deviation from earnings plans due to intensifying competition in Sun Mall's core store areas
- Changes in financial balance due to a decline in the equity ratio (54.5%→51.2%) and an increase in accounts payable (¥2,196 million→¥2,664 million)
- Risk of extraordinary losses such as losses on retirement of fixed assets associated with store closures under the scrap-and-build policy
Last updated: May 26, 2026