Watahan & Co.,Ltd.
3199・Prime Market・Retail Trade
Retail Business
Multi-format retail business based in Nagano Prefecture. Operates Super Centers as its core format alongside various other formats.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (External Customers) | ¥77,034 million | ¥79,269 million | ↓ |
| Segment Profit | ¥1,563 million | ¥1,761 million | ↓ |
| Segment Assets | ¥29,926 million | ¥31,109 million | ↓ |
| Depreciation | ¥975 million | ¥1,118 million | ↓ |
| Capital Expenditure (Increase in Tangible & Intangible Fixed Assets) | ¥536 million | ¥442 million | ↑ |
Business Details
Operates diverse formats including Super Centers, home centers, supermarkets, drugstores, and Internet Mail Order. Promotes 6th-sector industrialization that integrates production through sales via the company-operated farm "Watahan Farm," working to ensure stable supply of proprietary products such as the Japanese Black beef "SHIN Ruby Beef" and the "Illusive Sanmoto Pork" (three-breed crossbred pork). The company is also pursuing full-scale entry into the agriculture business and promoting regional collaborative agriculture centered on the Watahan Farm Agricultural Cooperative.
Recent Overview
Decreased sales and profit due to reduced sales floor space from renovations at multiple stores and the reversal of prior-year disaster-preparedness demand.
In the Retail Business for FY2026 (ending March 2026), net sales were ¥77,034 million (down 2.8% year on year) and segment profit was ¥1,563 million (down 11.3% year on year), impacted by reduced sales floor space due to renovations at multiple stores and the reversal of prior-year special demand for disaster preparedness (driven by heightened disaster-response demand following the Nankai Trough earthquake advisory). Meanwhile, initiatives toward 6th-sector industrialization, such as the full-scale entry into the agriculture business and the start of shipments of "Illusive Sanmoto Pork," progressed steadily. For the next fiscal year, net sales of ¥79,079 million (up 2.7% year on year) and segment profit of ¥1,579 million (up 1.0% year on year) are forecast.
Key Products
Growth Drivers
- Promotion of 6th-sector industrialization: strengthening the integrated production-to-sales system through livestock and agriculture at the company-operated farm (expanding sales of SHIN Ruby Beef and Illusive Sanmoto Pork)
- Store renovations leveraging regional characteristics: investment in renovations responding to local needs, including expanded materials and processed food sections and enhanced pet corners
- Expansion of sales floor area and new store openings through use of vacated properties and M&A
- Sales expansion through strengthened Internet Mail Order sales strategy
- Differentiation and improved profitability through accelerated original product development and SPA conversion
Risks
- Persistent consumer thrift orientation amid continued price increases
- Profit pressure from rising costs such as logistics and utility expenses
- Intensifying sales competition across industries and formats
- Temporary sales decline due to reduced sales floor space during store renovation periods
- Risk of reversal from prior-year special demand (e.g., disaster preparedness demand)
- Business risks associated with full-scale entry into the agriculture and livestock business (e.g., weather, disease)
Last updated: June 26, 2026