KOMERI CO.,LTD.
8218・Prime Market・Retail Trade
KOMERI CO., LTD. (Single Segment: Home Center Business)
A home-center specialist company operating a single segment with 1,234 stores nationwide
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating Revenue | ¥385,384 million | ¥379,192 million | ↑ |
| Operating Profit | ¥23,055 million | ¥22,396 million | ↑ |
| Ordinary Profit | ¥23,395 million | ¥22,248 million | ↑ |
| Profit Attributable to Owners of Parent | ¥14,645 million | ¥13,719 million | ↑ |
| Operating Profit Margin on Operating Revenue | 6.0% | 5.9% | ↑ |
| Equity Ratio | 65.2% | 63.7% | ↑ |
| Earnings Per Share | ¥309.72 | ¥289.12 | ↑ |
| Private Brand Products Sales Composition Ratio | 48.7% | 48.3% (derived from the 0.4pt year-on-year increase) | ↑ |
| Total Assets | ¥394,194 million | ¥386,661 million | ↑ |
| Net Assets | ¥256,979 million | ¥246,316 million | ↑ |
| Cash Flow from Operating Activities | ¥23,825 million | ¥23,120 million | ↑ |
| Cash and Cash Equivalents at End of Period | ¥12,002 million | ¥16,216 million | ↓ |
| Annual Dividend per Share | ¥56 | ¥54 | ↑ |
| Number of Stores | 1,234 stores | 1,228 stores (net increase of 6 stores) | ↑ |
Business Details
With hardware/tools, materials/building supplies, and gardening/agricultural supplies as core categories, the company upholds the management philosophy of "modernizing distribution in a delayed field." It operates four brands—PowerCOMERI, PRO, H&G, and Athena—serving individual consumers, farmers, construction contractors, and others. As a group that includes the logistics subsidiary Hokusei Sangyo, the IT subsidiary Bit-A, and the card subsidiary Komeri Capital, it has internalized the supply chain from production through sales. Private brand products account for 48.7% of sales composition, and price competitiveness combined with EDLP measures is a key strength.
Recent Overview
In FY2026 (ending March 2026), profit increased across all profit items, driven by private brand ratio, e-commerce, and JA collaboration
For FY2026 (ending March 2026), operating revenue was ¥385,384 million (up 1.6% year on year), operating profit was ¥23,055 million (up 2.9% year on year), and net profit was ¥14,645 million (up 6.7% year on year), achieving increased revenue and profit across all items. Gardening/agricultural/pet supplies (up 3.3% year on year) led as the largest division. The E-commerce Business continued high growth at 112.8% year on year. The new Kansai Distribution Center began operations in February 2026. JA collaborations expanded to 8 cases and 47 stores. For FY2027 (ending March 2027), the company forecasts operating revenue of ¥400,800 million (up 4.0% year on year) and operating profit of ¥24,000 million (up 4.1% year on year), and plans to open 42 new stores.
Key Products
Growth Drivers
- Continued solid sales of agricultural materials, pest-control products, rice cold-storage units, and other items centered on gardening/agriculture/pet supplies (up 3.3% year on year)
- Expansion of sales composition ratio through brand strengthening of private brand products (CRUZARD, Natural Season, etc.) (48.7%, up 0.4pt year on year)
- High growth of the E-commerce Business (112.8% year on year) and strengthened omnichannel capability with an in-store BOPIS pickup ratio exceeding 80%
- Expansion of JA collaborations (8 cases and 47 stores as of the end of March 2026), capturing farmer customers and horizontally deploying the "benefit for all three parties" model
- Realization of logistics efficiency, labor savings, and low-cost operations through the new Kansai Distribution Center (Japan's largest scale), which began operations in February 2026
- Solid capture of construction contractor demand for professional work clothing, electrical materials, paints, etc., and expansion of the PRO format (8 stores planned for next fiscal year)
- Establishment of the new FSP Platinum rank (up to 10x points) and Kokko Pay driving customer loyalty and increases in visit frequency and items purchased
- Plan to open 42 new stores next fiscal year (8 PowerCOMERI, 8 PRO, 26 H&G), forming dominant areas and expanding sales share
Risks
- Risk of sales fluctuation in heating, snow removal, and gardening products due to unusual weather such as warm winters and low snowfall (winter fuel sales volume declined this fiscal year due to a warm winter)
- Risk of profit pressure from rising costs such as labor, logistics, and construction costs (selling, general and administrative expenses rose 2.1% year on year to ¥110,073 million)
- Heightened consumer cost-consciousness and intensifying competition across industries and business formats
- Rising procurement costs due to persistently high energy and raw material prices and exchange rate fluctuations (partially offset by declines in market prices for plywood and other materials)
- Risk of declining productivity in store operations and logistics due to worsening labor shortages
- Decrease in cash balance (¥12,002 million) due to increased cash outflow from financing activities (up 89.9% year on year to ¥9,973 million)
- Increased sensitivity to interest rate risk, as shown by the decline in the interest coverage ratio (from 410.8x in FY2024 (ending March 2024) to 133.8x in FY2026 (ending March 2026))
- Risk of demand weakness in durable consumer goods such as interior, household, and office supplies (down 1.2% year on year)
Last updated: June 24, 2026