Announcement • May 14
MatsukiyoCocokara & Co. (TSE:3088) announces an Equity Buyback for 5,000,000 shares, representing 1.26% for ¥11,635 million. MatsukiyoCocokara & Co. (TSE:3088) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥11,635 million. The shares will be repurchased at a price of ¥2,327 per share. The purpose of the program is to improve capital efficiency and further enhance shareholder returns. The repurchased shares will be cancelled. The program will be valid till May 14, 2026. As of April 30, 2025, the company has 397,928,861 outstanding shares (excluding treasury stock) and 12,346,969 treasury shares. Reported Earnings • May 14
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥140 (up from JP¥134 in FY 2025). Revenue: JP¥1.12t (up 5.3% from FY 2025). Net income: JP¥55.8b (up 2.0% from FY 2025). Profit margin: 5.0% (down from 5.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.