Yamada Holdings

The Japan read

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

• JapanThe electronics segment grew sales 10.5% to ¥339.5bn and operating profit 20.3% to ¥14.7bn. The company cites air-conditioner replacement ahead of stricter 2027 energy-efficiency rules and more store visitors; closures, including LABI Sendai and LABI Nagoya, cut about 1.4% from Yamada Denki's sales.
• StoresAt end-June Yamada ran 957 stores directly — 928 Yamada Denki and 29 at other subsidiaries — after four openings and four closures, and 8,628 including franchisees. Yamada Denki's 928 include 11 LABI, 41 LIFE SELECT and 547 Tecc.Land stores; new LIFE SELECT openings are planned mainly for the second half.
• JapanOn 5 June Yamada and fellow electronics retailer EDION signed a basic agreement to pursue a merger of equals under a joint holding company, targeted for 1 October 2027. On year-to-March 2026 sales of ¥1,691.8bn and ¥793.7bn, they say it would create a retailer with about ¥2.5tn of sales.
• Not disclosedYamada Denki and other group stores in Kumamoto were damaged in the July 2026 Kumamoto earthquake; the company says the effect on its results is still being assessed. Yamada gives no inbound or tax-free sales figure.

Other callouts in the filing

• SegmentOnline and TV-shopping sales rose 11.4% to ¥25.4bn and Yamada's own PB+SPA products 22.9% to ¥44.9bn, a 13.3% sales share. Housing grew 13.1% to ¥72.8bn but its profit fell 87.8% to ¥46m; Yamada Homes made a ¥0.76bn operating loss, which the company says was built into its plan.
• OutlookIt kept full-year guidance of ¥1,780.0bn of sales (+5.2%), ¥51.5bn of operating profit (+218.6%) and ¥27.8bn of net income (+88.1%).

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.