ENVALITH
株式会社中京医薬品 logo

CHUKYOIYAKUHIN CO.,LTD.

4558Standard MarketPharmaceuticals

株式会社中京医薬品 logo
CHUKYOIYAKUHIN CO.,LTD.4558

Retail Division (Health Care Business)

Core business responsible for the placement and retail sales of products to households through sales staff

PeriodCurrentPreviousChange
Net sales (full year, FY2026 (ending March 2026))¥3,898 million¥3,836 million
Segment profit (full year, FY2026 (ending March 2026))¥74 million¥31 million
Segment assets (full year, FY2026 (ending March 2026))¥1,736 million¥1,793 million
Haichi sales revenue (full year, FY2026 (ending March 2026))¥902 million¥938 million
Share of net sales (full year, FY2026 (ending March 2026))59.3%60.8%

Business Details

The Retail Division, which forms the core of the Household Pharmaceuticals Sales Business, has sales staff visit households directly to conduct Haichi sales and retail sales of Stocked Home Medicine (Haichi-yaku), Health Foods, Drinks, Medical Products, sundries, and daily living distribution products. In FY2026 (ending March 2026), net sales were ¥3,898 million, accounting for 59.3% of consolidated net sales, making it the largest segment. The company leverages its face-to-face human network, known as the "Fureai" business, as a source of competitive advantage, and is working to improve profitability through the introduction of new and renewed products and the promotion of consignment sales.

Recent Overview

Both net sales and segment profit improved, led by daily living distribution products

In FY2026 (ending March 2026), Retail Division net sales were ¥3,898 million (up 1.6% year on year), and segment profit was ¥74 million (a significant improvement from ¥31 million in the prior period). The introduction of new and renewed products, along with the optimization of selling prices, successfully improved profitability. By item, Daily Living Distribution & Others showed strong growth at ¥2,271 million (up 13.2% year on year), while Stocked Home Medicine (Haichi-yaku) fell to ¥557 million (down 3.7% year on year) and Drinks fell to ¥622 million (down 9.4% year on year), with the Haichi products category overall continuing to decline by 1.9%. The Household Pharmaceuticals Sales Business as a whole (Retail plus Wholesale) recorded an impairment loss of ¥24 million.

Key Products

product
Stocked Home Medicine (Haichi-yaku)

Net sales in FY2026 (ending March 2026) were ¥557 million (down 3.7% year on year). Although this is a core product in the Haichi products category, it continues to show a structural downward trend.

product
Health Foods

Net sales in FY2026 (ending March 2026) were ¥1,602 million (up 2.1% year on year), the largest item in the Haichi products category, accounting for 24.4% of consolidated net sales.

product
Drinks

Net sales in FY2026 (ending March 2026) were ¥622 million (down 9.4% year on year), the item with the largest decline within the Haichi products category.

product
Medical Products

Net sales in FY2026 (ending March 2026) were ¥533 million (up 4.4% year on year), accounting for 8.1% of consolidated net sales, showing an upward trend from the previous period.

product
Daily Living Distribution & Others

Net sales in FY2026 (ending March 2026) were ¥2,271 million (up 13.2% year on year), accounting for 34.5% of consolidated net sales, the fastest-growing product group. This is also linked to the expansion of PB products in the Wholesale Division and cross-selling.

service
Total Life Care Service

The company's unique business model, in which sales staff visit households face-to-face to comprehensively provide products, information, and services related to health promotion. The company aims to establish a stable revenue base and acquire new customers by promoting the consignment sale of Haichi products and other items.

Growth Drivers

  • Optimization of selling prices and improvement of profit margins through the introduction of new and renewed products
  • Establishment of a stable revenue base and acquisition of new customers by promoting consignment sales of Haichi products and other items
  • Productivity improvement through the formulation and execution of category-specific action plans
  • Strengthening organizational capabilities through hierarchical sales staff training, reinforcement of the promoter system, and training for female sales staff
  • Diversification of the sales mix through the expansion of Daily Living Distribution & Others products (up 13.2% year on year)
  • Development of new customers through the flexible establishment of satellite offices

Risks

  • Profit pressure from the worsening labor shortage and rising wage costs (salaries and allowances of ¥1,561 million, the largest SG&A item)
  • Continued increases in procurement and logistics costs
  • Decline in consumer purchasing appetite due to inflation risk
  • Structural decline in Haichi sales revenue (¥902 million in FY2026 (ending March 2026), down 3.8% year on year)
  • Impairment risk on fixed assets (an impairment loss of ¥24 million was recorded in the Household Pharmaceuticals Sales Business in FY2026 (ending March 2026))
  • Potential impact on net sales from an increase in holidays, given the labor-intensive nature of the business

Last updated: June 24, 2026