SHIMAMURA Co., Ltd.

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Shimamura to Acquire Summit's Apparel Business

Shimamura announced on the 7th that it will acquire the apparel business of Summit, a major supermarket chain and wholly-owned subsidiary of Sumitomo Corporation. The target is 21 stores of the apparel business "Colmopia," and Shimamura will take over the assets and rights and operate them as Shimamura stores. The transfer price has not been disclosed, and the business transfer is scheduled to take place after January 2027, with completion expected in March. The impact on consolidated results for the fiscal year ending February 2027 is expected to be minor.

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Shimamura shares hit lowest level in a month; Q1 operating profit up 16.8% for fiscal year ending February 2027

Shimamura shares fell to their lowest level in the past month. The closing price on August 20, 2026 was 3,290 yen, down nearly 8% from the late-July high of 3,571 yen. First-quarter revenue for the fiscal year ending February 2027 was 181.6 billion yen, up 7.9% year on year, while operating profit rose 16.8% to 17.8 billion yen, with profit growth outpacing revenue growth. Full-year guidance calls for revenue of 729.1 billion yen, up 4.2%, and operating profit of 66.8 billion yen, up 8.7%, meaning the company is not simply extending the first quarter's momentum through the full year. At current levels, the stock trades at a price-to-earnings ratio in the 14 times range and a price-to-book ratio in the 1.3 times range, reflecting the company's full-year net profit per share forecast of 227.92 yen.

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