Kobe Bussan (Gyomu Super)

Major retail groups · 3038

The Japan read

From the company's own filing for 9M (Nov 2025–Jul 2026) · reported 2026-09-11 · the filing

StoresGyomu Super opened 28 stores and closed 6 in the nine months, ending July with 1,144. Of the openings, 13 were in areas Kobe Bussan franchises directly and 15 in regions run by area licensees. The company targets a net gain of 32 stores for the year and says it was 68.8% of the way there.
JapanShipments to existing Gyomu Super stores in its directly franchised areas rose 5.0% in Nov–Jan, 0.7% in Feb–Apr and 3.1% in May–Jul. The company says the bar was high because rice prices spiked a year earlier, yet shipments beat its guidance; its full-year goal is 102% or more.

Other callouts in the filing

One-offOrdinary profit fell 9.6% to ¥34.6bn. This year brought a ¥4.18bn currency gain but a ¥2.14bn loss on revaluing derivatives, against a ¥6.21bn derivative gain a year earlier; the company says last year's mark-to-market gain on its currency forwards set a high bar.
SegmentRestaurants and delis grew 13.3% to ¥13.8bn: 19 Kobe Cook World Buffet restaurants, 24 Premium Karubi yakiniku outlets (first franchise in Utsunomiya in March, first Kansai store in Kobe in April) and 166 Chisouna delis (+17). It gives no inbound figure but says it will push to win inbound visitors at the buffets.
BasisAfter the period, on 3 August, it bought 15 in-flight catering companies from the LSG group's Asia-Pacific arm (including in Hong Kong, China, Korea, Thailand, Guam, Saipan and New Zealand) for €307m (¥57.0bn), through a joint venture with Gourmet Kineya. It calls them a foothold for taking Gyomu Super abroad.
OutlookSelling costs rose 12.9%, which the company puts down to freight and warehouse costs and a one-off fee tied to a large acquisition; May–July operating profit fell 8.7% to ¥10.3bn. It kept its year-to-October forecast: sales ¥566.5bn (+2.7%), operating profit ¥43.0bn (+7.8%), net income ¥29.5bn (−7.5%).

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

9M (Nov 2025–Jul 2026) · Year-to-Date

Reported 2026-09-11

Net sales¥432.9bn+5.2%

Operating profit¥31.3bn+3.2%

Net income¥23.4bn−10.9%

Kobe Bussan runs Gyomu Super, mostly through franchisees: 1,144 food stores across Japan selling its own factory-made and directly imported private-brand goods. It also runs buffet, yakiniku and deli chains. In November 2025–July 2026 sales rose 5.2% to ¥432.9bn and operating profit 3.2% to ¥31.3bn, while net income fell 10.9% to ¥23.4bn against last year's currency-hedge gains.