K's Holdings (K's Denki)

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-06 · the filing ↗

• JapanExisting-store sales rose 12.7%. K's says buying ahead of stricter air-conditioner efficiency standards from April 2027 drove the quarter: air-conditioner sales rose 37.0% to ¥44.5bn and TVs 8.3% on World Cup interest, while PCs fell 6.8% after the end of Windows 10 support.
• StoresK's opened three stores and closed three, ending June with 556 (552 run directly, 4 franchised) and 2,059,953m² of selling space. Its plan for the year is nine openings and seven closures, taking it to 558 stores by March 2027.
• JapanLatest month: in September 2026 group order-based sales were 97.9% of a year earlier: air conditioners fell 26.7% and PCs 53.5%, while TVs rose 14.3%. April–September sales were up 9.6%, and K's had 555 stores at end-September.
• Not disclosedAfter the 28 July 2026 Kumamoto earthquake, K's closed its Uto and Yatsushiro stores; it expects only a minor effect on results. K's gives no inbound or tax-free sales figure.

Other callouts in the filing

• SegmentGross margin rose to 29.6% from 28.4%; the company credits a bigger share of relatively high-margin air conditioners and rebates secured on strong sales and purchasing. Mobile phones grew 14.3% to ¥24.0bn.
• OutlookGuidance is unchanged: full-year sales of ¥785.0bn (+3.3%), operating profit of ¥30.5bn (+13.8%) and net income of ¥20.0bn (+39.7%), assuming existing-store sales up 2.8%.

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.