Axial Retailing Inc. operates a chain of supermarkets in Japan. The company was formerly known as Harashin Narus Holdings Co Ltd. and changed its name to Axial Retailing Inc. in October 2013. Axial Retailing Inc. was founded in 1907 and is based in Nagaoka, Japan.
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Financials
Ownership
Capital Allocation Signals 1
TSE Compliance
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
FY 2020
EDINET ↗
Net Sales
¥295.5B
¥281.9B
¥270.2B
¥255.0B
¥246.4B
¥256.4B
Cost of Sales
¥211.0B
¥199.8B
¥191.1B
¥180.1B
¥174.0B
¥182.4B
Gross Profit
¥84.5B
¥82.1B
¥79.1B
¥74.8B
¥72.4B
¥74.0B
SG&A
¥72.3B
¥70.0B
¥67.4B
¥64.4B
¥62.1B
¥61.8B
Operating Income
¥12.2B
¥12.1B
¥11.8B
¥10.4B
¥10.3B
¥12.1B
Non-Operating Income
¥718M
¥720M
¥616M
¥548M
¥380M
¥521M
Dividend Income
—
¥74M
¥63M
¥54M
¥53M
¥52M
Interest Income
—
¥34M
¥37M
¥37M
¥44M
¥48M
Non-Operating Expenses
—
¥71M
¥64M
¥52M
¥75M
¥66M
Interest Expense
—
¥52M
¥49M
¥48M
¥50M
¥55M
Ordinary Income
¥12.8B
¥12.7B
¥12.3B
¥10.9B
¥10.6B
¥12.6B
Pre-tax Income
¥12.6B
¥12.6B
¥10.8B
¥9.6B
¥10.3B
¥12.2B
Income Taxes
¥3.8B
¥3.6B
¥3.4B
¥3.3B
¥3.2B
¥3.9B
Current Tax
—
¥3.5B
¥3.9B
¥3.6B
¥3.1B
¥4.3B
Deferred Tax
—
¥104M
¥-576M
¥-300M
¥134M
¥-342M
Net Income (owners)
¥8.8B
¥9.0B
¥7.4B
¥6.4B
¥7.1B
¥8.3B
Comprehensive Income
—
¥9.0B
¥8.0B
¥6.5B
¥6.8B
¥8.6B
EBITDA
¥18.1B
¥17.9B
¥17.1B
¥15.6B
¥15.2B
¥16.8B
Goodwill Amort. (J-GAAP)
—
¥0M
¥0M
¥0M
¥0M
—
EPS
¥99.32
¥99.54
¥81.79
¥68.96
¥76.75
¥89.86
Shares Outstanding
—
89.7M
22.6M
92.2M
92.2M
92.2M
Shares Issued (total)
—
93.6M
23.4M
93.6M
93.6M
93.6M
Treasury Shares
—
3.8M
0.8M
1.4M
1.4M
1.4M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
FY 2020
EDINET ↗
Total Assets
¥144.1B
¥135.3B
¥131.4B
¥122.8B
¥116.9B
¥113.8B
Current Assets
¥47.8B
¥39.6B
¥37.3B
¥34.8B
¥32.4B
¥30.0B
Cash & Deposits
¥30.4B
¥21.9B
¥21.0B
¥19.5B
¥18.5B
¥17.0B
Trade Receivables
—
¥7.2B
¥6.0B
¥5.0B
¥4.2B
¥3.0B
Non-Current Assets
¥96.3B
¥95.7B
¥94.1B
¥88.0B
¥84.4B
¥83.8B
PP&E
¥76.7B
¥76.7B
¥75.2B
¥70.6B
¥67.5B
¥66.3B
Goodwill
—
¥1M
¥2M
¥2M
¥2M
—
Intangible Assets
—
¥3.2B
¥3.0B
¥2.6B
¥2.5B
¥2.3B
Investment Securities
¥4.9B
¥3.8B
¥3.6B
¥3.2B
¥3.0B
¥3.4B
Deferred Tax Assets
—
¥3.9B
¥4.0B
¥3.7B
¥3.4B
¥3.5B
Total Liabilities
¥48.9B
¥46.0B
¥48.1B
¥44.1B
¥42.8B
¥44.8B
Current Liabilities
¥35.3B
¥31.8B
¥33.3B
¥29.3B
¥28.3B
¥30.2B
ST Debt
—
¥0M
¥0M
¥0M
¥0M
¥0M
Taxes Payable
—
¥1.8B
¥2.4B
¥2.2B
¥1.3B
¥3.0B
Non-Current Liabilities
¥13.6B
¥14.2B
¥14.7B
¥14.8B
¥14.5B
¥14.7B
Total LT Borrowings
—
¥0M
¥0M
¥0M
¥0M
¥0M
Pension Obligations
—
¥1M
¥1M
¥2M
¥2M
¥36M
Total Equity
¥95.2B
¥89.3B
¥83.3B
¥78.7B
¥74.1B
¥69.0B
Capital Stock
—
¥3.2B
¥3.2B
¥3.2B
¥3.2B
¥3.2B
Capital Surplus
—
¥15.7B
¥15.7B
¥15.7B
¥15.7B
¥15.7B
Retained Earnings
¥78.0B
¥71.7B
¥65.0B
¥59.5B
¥55.0B
¥49.7B
Treasury Stock
—
¥-3.5B
¥-2.7B
¥-1.2B
¥-1.2B
¥-1.2B
AOCI
—
¥2.1B
¥2.1B
¥1.5B
¥1.4B
¥1.7B
Equity (owners)
¥92.1B
¥87.2B
¥81.2B
¥77.2B
¥72.6B
¥67.3B
Total Interest-Bearing Debt ⓘ
—
¥0M
¥0M
¥0M
¥0M
¥0M
Net Cash ⓘ
¥30.4B
¥21.9B
¥21.0B
¥19.5B
¥18.5B
¥17.0B
NCAV ⓘ
¥-1.1B
¥-6.4B
¥-10.8B
¥-9.2B
¥-10.4B
¥-14.8B
NCAV/Share
—
¥-71
¥-479
¥-100
¥-113
¥-161
BV/Share
—
¥971
¥3,586
¥837
¥788
¥731
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
FY 2020
EDINET ↗
Operating CF
¥16.9B
¥11.8B
¥17.1B
¥12.6B
¥9.4B
¥14.4B
Interest Paid
—
¥-42M
¥-39M
¥-40M
¥-41M
¥-45M
Interest Received
—
¥82M
¥64M
¥55M
¥57M
¥56M
D&A
¥6.0B
¥5.8B
¥5.4B
¥5.1B
¥4.9B
¥4.7B
Goodwill Amort.
—
¥0M
¥0M
¥0M
¥0M
—
Investing CF
¥-4.2B
¥-7.7B
¥-11.9B
¥-9.3B
¥-5.8B
¥-7.6B
CapEx
¥4.0B
¥7.2B
¥11.0B
¥9.2B
¥6.0B
¥7.3B
Purchase Investments
—
—
—
¥-1M
—
—
Proceeds from Invest.
—
¥3M
¥22M
¥59M
¥26M
¥18M
Financing CF
¥-4.1B
¥-3.3B
¥-3.8B
¥-2.2B
¥-2.2B
¥-2.2B
Dividends Paid
—
¥-2.2B
¥-1.9B
¥-1.8B
¥-1.8B
¥-1.8B
Share Buybacks
—
¥-773M
¥-1.5B
¥0M
¥0M
¥-1M
LT Debt Repaid
—
—
—
—
—
¥-42M
Free Cash Flow
¥12.9B
¥4.6B
¥6.1B
¥3.4B
¥3.4B
¥7.2B
Net Change in Cash
—
¥867M
¥1.5B
¥1.1B
¥1.4B
¥4.6B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
FY 2020
EDINET ↗
Return on Equity (ROE) ⓘ
9.5%
10.4%
9.2%
8.3%
9.9%
12.0%
Return on Assets (ROA) ⓘ
6.3%
6.8%
5.9%
5.3%
6.1%
7.3%
Gross Margin ⓘ
28.6%
29.1%
29.3%
29.3%
29.4%
28.8%
Operating Margin ⓘ
4.1%
4.3%
4.4%
4.1%
4.2%
4.7%
Net Margin ⓘ
3.0%
3.2%
2.8%
2.5%
2.9%
3.2%
Current Ratio ⓘ
1.35x
1.25x
1.12x
1.19x
1.15x
0.99x
Quick Ratio ⓘ
1.35x
1.25x
1.12x
1.19x
1.15x
0.99x
Revenue / Share ⓘ
—
¥3,141
¥11,939
¥2,766
¥2,674
¥2,781
BV/Share ⓘ
—
¥971
¥3,586
¥837
¥788
¥731
NCAV/Share ⓘ
—
¥-71
¥-479
¥-100
¥-113
¥-161
EPS ⓘ
¥99.32
¥99.54
¥81.79
¥68.96
¥76.75
¥89.86
DPS ⓘ
¥13.00
¥27.00
¥85.00
¥20.00
¥20.00
¥20.00
Payout Ratio ⓘ
13.1%
27.1%
103.9%
29.0%
26.1%
22.3%
FCF/Share ⓘ
—
¥51.61
¥271.46
¥36.64
¥36.88
¥77.91
Market Valuation
Avg daily close price for calendar year × most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E ⓘ
12.2×
EPS from 2023-03
11.3×
EPS from 2024-03
10.6×
EPS from 2025-03
Avg Div Yield ⓘ
2.38%
DPS from 2023-03
9.16%
DPS from 2024-03
2.57%
DPS from 2025-03
Avg Daily Close
¥840
¥928
¥1,051
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022–2025)
5yr CAGR (FY2020–2025)
Stock Price
+10.5%
+5.3%
Sales
+5.0%
+2.9%
FCF/Share
+11.9%
—
EPS
+12.9%
+2.0%
DPS
-13.4%
-8.3%
BV/Share
+7.2%
—
NCAV/Share
—
—
Market Segment: Prime
Last Updated: 2025-06-02
Status:
Disclosed
This content is disclosed in company briefing materials and is posted as "Company Briefing Materials" on the Company's website under Financial Information (
https://www.axial-r.com/ir/financial/ ).
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-26
18:05
Buyback
¥2.0B
Board resolved to repurchase up to ¥2.0B, by 2026-12-31.
Summary
Board resolved to repurchase up to ¥2.0B, by 2026-12-31.
Deadline: 2026-12-31
Source (JP)
る割合 2.26%)
(3)株式の取得価額の総額
2,000,000,000円(上限)
(4)取得期間
(5)取得方法
2026年5月27日から2026年12月31日まで
東京証券取引所における市場買付け
(ご参考)2026年5月26日時点の自己株式の保有状況
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 8
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
7,532
2
Daishi Hokuetsu Bank,Ltd.
株式会社第四北越銀行(常任代理人 日本マスタートラスト信託銀行株式会社)
4,005
3
植木 威行
3,709
4
The Shoko Chukin Bank,Ltd.
株式会社商工組合中央金庫
2,912
5
原 和彦
2,800
6
原 信博
2,754
7
株式会社ニューサンライフ
2,538
8
原和彦アセットマネジメント株式会社
2,217
9
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
1,821
10
Employee Stock Ownership Plan
アクシアル リテイリング従業員持株会
1,791
Domestic Nominees
10.4%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
25.3%
+0.3% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2022
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
9.01%
7.97%
8.19%
8.39%
+0.20%
Daishi Hokuetsu Bank,Ltd.
式会社第四北越銀行
4.34%
4.34%
4.42%
4.46%
+0.04%
植木 威行
↑
2.20%
2.96%
3.01%
4.13%
+1.12%
The Shoko Chukin Bank,Ltd.
式会社商工組合中央金庫
3.16%
3.16%
3.21%
3.24%
+0.03%
原 和彦
5.43%
5.44%
3.09%
3.12%
+0.03%
原 信博
3.67%
3.68%
3.04%
3.06%
+0.02%
式会社ニューサンライフ
3.83%
3.83%
3.90%
2.82%
-1.08%
原和彦アセットマネジメント
—
—
2.44%
2.47%
+0.03%
Japan Custody Bank
日本カストディ銀行
4.50%
4.66%
2.21%
2.02%
-0.19%
Employee Stock Ownership Plan
アクシアル リテイリング従業員持株会
1.78%
1.88%
1.90%
1.99%
+0.09%
Concentration (HHI)
ⓘ
196
184
154
159
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
↓ CSV
Date Shareholder Stake Event Flag Demands Source
2026-01-29
Takeyuki Ueki
6.62%
change
Passive
—
2026-01-29
Takeyuki Ueki
6.62%
correction
Passive
—
2025-12-03
Hara Kazuhiko
10.91%
change
Passive
—
2025-05-09
Takeyuki Ueki
7.34%
correction
Passive
—
2025-05-08
Takeyuki Ueki
7.34%
-0.04%
change
Passive
—
2025-02-13
Takeyuki Ueki
7.38%
change
Passive
—
2025-01-09
Takeyuki Ueki
7.38%
change
Passive
—
2023-10-05
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.24%
change
Passive
—