KOMERI CO.,LTD.
8218・Prime Market・Retail Trade
Business
KOMERI CO., LTD. entered the home center business in 1977 and is now a home-center-focused company based in Niigata Prefecture, operating 1,234 stores nationwide (PowerCOMERI 120, PRO 24, H&G 1,088, Athena 2). Its core categories are hardware/tools, materials/building supplies, and gardening/agricultural products, with farmers, construction businesses, and general consumers as its main customer segments. The company employs a "fleet method" that combines three formats according to regional characteristics: the large-format comprehensive store "PowerCOMERI," the specialty store for construction businesses "PRO," and the neighborhood-type small store "H&G." It has overseas procurement bases in Taiwan, China, and Southeast Asia, and has internalized its entire supply chain through 12 domestic distribution centers.
Business Model
Komeri's revenue model is based on low-cost operations achieved through overseas procurement bases and in-house domestic logistics, differentiating itself by expanding high-margin Private Brand Products (CRUZARD, Natural Season, SOLVIC, etc.) (accounting for 48.7% of sales composition). It promotes customer loyalty through its proprietary cards (6 types) and FSP point program (up to 10x points), improving store visit frequency and purchase quantity. Through BOPIS (in-store pickup ratio exceeding 80%) on its e-commerce site "Komeri.com," the company is also expanding omni-channel revenue that leverages its store infrastructure.
Company Strengths
As of the end of March 2026, the company operates 1,234 stores nationwide, boasting the largest store count in the industry. It executes a fleet format strategy that combines the three formats—PowerCOMERI, PRO, and H&G—according to trade area characteristics, intensively raising sales share in specific areas. During the fiscal year under review, 22 new stores were opened, expanding total sales floor area to 101.8% of the previous fiscal year-end level.
The sales composition ratio of Private Brand Products reached 48.7% (up 0.4pt year on year), with category brands such as the automotive goods brand "CRUZARD" and outdoor goods brand "Natural Season" being cultivated. Through world-best-source procurement leveraging overseas procurement bases in Taiwan, China, and Southeast Asia as well as 12 domestic distribution centers, the company has built a lineup of Private Brand Products offering low prices and high quality that are difficult for other companies to replicate.
As of the end of March 2026, the company collaborates with eight agricultural cooperatives (JA), including JA Akita Obako and JA Yamagata Okitama, and handles JA products at 47 stores. The industry-leading store count is the reason the company can serve as a receiving base for JA materials stores, realizing a "triple-win" model of improved JA profitability, enhanced convenience for farmers, and increased customer numbers for Komeri. Furthermore, discussions with JA Okinawa, JA Kita Biwako, and JA Hyogo Rokko are also underway, with the farmer customer base continuing to expand.
ENVALITH's Perspective
Performance Trend
Operating revenue increased 1.6% from ¥379,192 million (FY2025) to ¥385,384 million (FY2026). On a net sales basis, revenue rose 1.5% from ¥365,074 million to ¥370,535 million. Operating profit grew 2.9% from ¥22,396 million to ¥23,055 million, while net income attributable to owners of the parent increased 6.7% from ¥13,719 million to ¥14,645 million, marking the second consecutive year of profit growth. The operating margin improved slightly from 5.9% to 6.0%. As an external factor, rising prices heightened consumers' cost-consciousness, intensifying the competitive environment, while increased demand for agricultural materials, pest-control products, and heatstroke-prevention products provided a tailwind. For FY2027 (ending March 2027), the company forecasts operating revenue of ¥400,800 million (up 4.0%) and operating profit of ¥24,000 million (up 4.1%).
Growth Strategy
Acceleration of distribution modernization through store expansion, logistics enhancement, PB deepening, agricultural B2B, and DX promotion
For FY2027 (ending March 2027), the company plans to open 42 new stores in total, comprising 8 PowerCOMERI, 8 PRO, and 26 H&G stores. The company aims to improve sales share within trading areas through dominant area formation, and also plans approximately 100,000 tsubo of sales floor renovation for existing stores. The long-term target is 3,000 stores domestically and internationally.
The new Kansai Distribution Center, the largest of its kind domestically, began operations in February 2026. Low-cost operation has been achieved through the introduction of labor-saving and workforce-reduction systems. Loading and handling efficiency has improved with the start of palletization of imported Private Brand Products. The company plans to further expand its 12 domestic logistics hubs.
Category brands such as the automotive goods brand "CRUZARD" and outdoor brand "Natural Season" are being cultivated through focused sales efforts utilizing TV commercials and SNS. The Private Brand Products sales composition ratio reached 48.7% (up 0.4pt year on year), and the company continues to promote "product development that protects and nurtures daily life."
As of the end of March 2026, the collaboration had expanded to 8 JA partnerships covering 47 stores. Collaboration with JA Akita Obako, JA Oigawa, JA Yamanashi Mirai, and others has improved convenience for farmers and increased customer counts. Discussions are also underway with JA Okinawa, JA Kita Biwako, and JA Hyogo Rokko, accelerating the horizontal expansion of the "benefit for all three parties" model.
The E-commerce Business continued its high growth, up 112.8% year on year. The BOPIS in-store pickup ratio was maintained at over 80%, and expansion of the service area for the last-mile delivery service "Kokko Bin" is also being promoted. DX investments such as the introduction of self-checkout registers at 167 stores and cleaning robots at 26 stores are promoting labor-saving and workforce reduction in store operations.
Last updated: July 19, 2026

