MatsukiyoCocokara & Co.

Matsukiyo Cocokara & Company, Japan's largest drugstore chain, reported increased revenue and profit for the first quarter of fiscal year ending March 2027, with net profit rising 14.9% year-on-year to 14.86 billion yen. Sales increased 5.7% to 289.35 billion yen, and operating profit rose 8.5% to 21.49 billion yen. The progress rate against full-year forecasts was 25.1% for sales and 24.6% for operating profit, almost in line with plans. The Matsumotokiyoshi Group business, the main profit driver, posted sales of 183.89 billion yen and segment profit of 16.1 billion yen, achieving an operating margin of 8.76%, surpassing the 5.6% of the Cocokara Fine Group business. Additionally, from the record date of September 30, 2026, shareholder benefits will be expanded for shareholders who have continuously held 1,000 shares or more for at least three years, increasing the benefit value from 5,000 yen to 10,000 yen.

MatsukiyoCocokara & Company announced on the 24th that it will acquire all shares of John Masters Holdings through its subsidiary MCC Management, making it a subsidiary. The share acquisition date is September 7, and the acquisition price is undisclosed. The John Masters Organics Group under John Masters Holdings is engaged in the planning, development, and sale of organic and natural cosmetics, with sales of approximately 4.6 billion yen for the fiscal year ending September 2025. MatsukiyoCocokara aims to expand its business in the premium cosmetics market by combining its own brand strength and product development capabilities with the customer touchpoints and distribution infrastructure of the John Masters Organics Group. The impact on results for the fiscal year ending March 2027 is expected to be minor.