ALBIS Co., Ltd.
7475・Prime Market・Retail Trade
Business
Albis Co., Ltd. is headquartered in Imizu City, Toyama Prefecture, and is a company specializing in food supermarkets, with the Hokuriku and Chukyo regions as its main trading area. The group operates through consolidated subsidiaries including Alde Japan Co., Ltd. (manufacturing of prepared foods, meat, seafood, and tofu) and Albis Clean Support Co., Ltd. (recycling and contracted operations). As of the end of March 2026, the company operates 24 Mobile Supermarket vehicles and has concluded comprehensive partnership agreements with local governments, serving as a community-based lifeline for food supply. Listed on the Prime Market of the Tokyo Stock Exchange.
Business Model
The company captures everyday food demand through multi-store expansion of Food Supermarkets, recording net sales of ¥99,850 million. Its consolidated subsidiaries handle in-house processing of prepared foods, meat, and seafood (Process Center and Seafood Process Center) to reduce costs and maintain gross margins. While maintaining customer traffic and average spending per customer through PB product expansion, dining-table support campaigns, and Hapimaru discounts, the company also uses real estate leasing income as a complementary revenue source.
Company Strengths
In addition to the Process Center (established 2019) handling prepared foods and meat processing, a new Seafood Process Center (investment of approximately ¥2.2 billion) was established in November 2025. By internalizing the manufacturing of fish-based prepared foods and primary fish processing, the company absorbed the impact of gross margin declines due to competitive pressures and market price fluctuations, maintaining the gross profit margin at 30.4%, the same level as the previous fiscal year.
The company addresses regional issues through the operation of 24 Mobile Supermarket vehicles, a comprehensive partnership agreement (covering 6 areas) with Nonoichi City, Ishikawa Prefecture, and initiatives such as Relief Food Drive and unmanned food drive boxes. It is also diversifying customer touchpoints through "Hapimaru" (a 5% weekend discount program for families raising children) and the official EC site "albis Online Shop" (established August 2025).
Total capital expenditure for FY2026 (ending March 2026) was ¥6,366 million. While maintaining financial soundness with a total assets-to-borrowings ratio of 19.9% and a net sales-to-borrowings ratio of 11.7%, the company carried out the rebuilding of 2 stores, the opening of 1 new store, and the renovation of 3 stores. Capital expenditures are evaluated based on profitability exceeding WACC (approximately 4%), and the company secured operating cash flow of ¥4,890 million.
ENVALITH's Perspective
Performance Trend
Revenue rose for 5 consecutive fiscal periods, from ¥90,970 million in FY2022 (ending March 2022) to ¥99,850 million in FY2026 (ending March 2026). Operating income peaked at ¥2,452 million in FY2022 (ending March 2022) and has since trended at low levels, with FY2026 (ending March 2026) showing a modest recovery to ¥2,155 million, up 4.5% year on year. Meanwhile, ordinary income fell 7.2% year on year to ¥2,417 million, due to the disappearance of sales incentive income received (¥194 million in the previous period versus zero in the current period) and an increase in interest expenses paid (¥101 million). Net income for the period was directly hit by a loss on disposal of fixed assets of ¥358 million (from the disposal of old stores associated with rebuilding into new stores), resulting in an 18.3% year-on-year decline to ¥1,324 million—a substantial profit decline for the first time in 5 fiscal periods. As for the external environment, heightened consumer thrift-consciousness driven by price increases and intensifying competition that crosses industry and business format boundaries are exerting downward pressure on gross margin, while persistently high labor costs and electricity charges are also pushing up selling, general and administrative expenses.
Growth Strategy
Toward the final year of the Fourth Medium-Term Management Plan, the company is accelerating a three-pronged strategy combining store renovation, in-house manufacturing, and digitalization
In FY2026 (ending March 2026), the company implemented 2 rebuilt new stores (Ohirota store and Taikoyama store), 2 renovations under the "Albis Kurasu" concept (Mori no Sato store and Marunouchi store), and 1 small-trading-area strategy store (Albis Kurasu SOGAWA). In FY2027 (ending March 2027), the rebuilt opening of "Fukuoka Ekimae store (former Tapis store)" is planned for autumn 2026, continuing the planned renewal of aging stores.
The Seafood Process Center began new operations in November 2025. It internalizes the manufacturing of fish-based prepared foods and primary fish processing, achieving stable product assortment at stores and improved efficiency in store operations. In FY2027 (ending March 2027), the company plans to promote productivity improvement measures through the full-scale operation of the center, contributing to both improved gross margin and reduced SG&A expenses.
The company continues to expand its PB (private brand) products in response to cost-conscious consumer sentiment and to offer 300 items at bargain prices (Dining Table Support Campaign). Expanding sales of high-margin products and PB products offset the decline in gross margin caused by competitive pressures. In FY2026 (ending March 2026), the company succeeded in maintaining the gross profit margin at the same level as the previous fiscal year.
In August 2025, the company launched its official EC site, "albis Online Shop (Official EC Site)." Through digital marketing initiatives, the company aims to expand customer touchpoints as part of efforts to build a new fan base. The child-rearing support discount "Hapimaru" (5% discount every Saturday and Sunday) also began in June 2025, and the company is deploying customer acquisition measures in combination with local government partnerships.
The company aims to improve store productivity through the introduction of electronic shelf labels (ESL) and the standardization of store operations. In FY2027 (ending March 2027), the company will continue to promote the standardization and efficiency of store operations, aiming to absorb rising costs such as labor and logistics expenses. Depreciation expenses increased to ¥2,340 million in FY2026 (ending March 2026) (from ¥2,017 million in the previous fiscal year), making the early realization of investment effects a key challenge.
Last updated: July 19, 2026