G-7 Holdings ＜7508＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 13th. Net sales increased 9.1% from the previous fiscal year to 192.92 billion yen, operating profit increased 6.4% to 6.920 billion yen, ordinary profit increased 7.4% to 7.318 billion yen, and net income attributable to parent company shareholders increased 35.3% to 5.175 billion yen.

Sales in the automobile-related business increased 6.3% from the previous fiscal year to 43.386 billion yen, and ordinary profit decreased 28.0% to 1,598 billion yen. We worked on expanding sales of tires and maintenance products, and on vehicle inspection and maintenance, and car sales. Also, sales of used cars overseas were strong against the backdrop of the depreciation of the yen. Meanwhile, sales of winter goods such as winter tires were sluggish due to the effects of warm winters, and service sales centered on tire installation fees associated with this also declined. Also, due to a decline in existing store sales in the Bike World business, it fell below the previous fiscal year in terms of profit. As for new stores, 2 “Bike World” stores were opened in Malaysia and 1 “Chateraise” store was opened in the Kinki area, so the number of “Bike World” stores at the end of this consolidated fiscal year was 20, and the number of “Chateraise” stores was 2.

Sales in the business supermarket business increased 11.8% from the previous fiscal year to 106.310 billion yen, and ordinary profit increased 24.7% to 4.835 billion yen. As prices of foodstuffs and daily necessities rose one after another, safe and secure products were supported by customers, and sales remained steady. In addition to the effects of increasing sales due to the opening of new stores, the introduction of business supermarket products in the media and SNS led to an increase in awareness, etc., and both sales and profits surpassed the previous fiscal year. As for new stores, 1 “business supermarket” was opened in Hokkaido, 3 stores in the Tokyo metropolitan area, 4 stores in the Chubu area, and 1 store in the Kyushu area, so the number of “business supermarkets” stores at the end of this consolidated fiscal year was 191.

Sales in the meat business increased 7.2% from the previous fiscal year to 21.174 billion yen, and ordinary profit increased 24.6% from the same period to 398 million yen. Both sales and profit surpassed the previous fiscal year due to increased sales effects etc. from opening new stores. As for the newly opened stores, “Niku Terabayashi” has opened 1 store in Hokkaido, 3 stores in the Tokyo metropolitan area, 4 stores in the Chubu area, 1 store in the Kinki area, and 3 stores in the Kyushu area, so the number of “meat terabayashi” stores at the end of this consolidated fiscal year was 174.

Sales from other businesses were 22.122 billion yen, up 4.1% from the previous fiscal year, and ordinary profit was 185 million yen (loss of 08 billion yen in the same period last year). The mini supermarket business “Ricos” and the agricultural products direct sales place “Megumi no Sato” organized unprofitable stores in the previous fiscal year, and there was a recovery in the health-related business “Curves,” where business performance had been sluggish due to the COVID-19 pandemic.

As for the consolidated earnings forecast for the full year ending 2025/3, we expect sales to increase 14.0% from the previous fiscal year to 220 billion yen, operating profit up 18.5% to 8.200 billion yen, ordinary profit up 16.1% to 8.50 billion yen, and net income attributable to parent company shareholders to increase 8.2% to 5.60 billion yen.