Monthly retail sales update

Research evidence excerpt

Monthly retail sales update

18 May 2026

Monthly sales figures

Date Company Code Monthly sales (YoY, %) Notes

April Total Customer Sales per Matsumoto Coco Kara Despite sluggish customer traffic, overall same-store sales rose for the fourth

traffic customer kiyoshi Fine straight month thanks to an increase in average spending per customer.

5/15 MatsukiyoCocokara & Co. 3088 All stores 7.6 2.6 4.9 7.1 1.9 Matsumotokiyoshi parent same-store sales rose 5.7%, for the fourth straight month

Rating: Buy Same stores 3.8 -0.5 4.3 5.0 1.9 of growth.

Cocokara Fine same-store sales were also up for the fourth straight month, on

growth in average spending per customer.

April Total Customer Sales per Drugs Dispensing Same-store sales rose for the 48th straight month even with lingering tough YoY

traffic customer comps for foods, thanks in part to bulk buying demand in home care.

5/15 Sugi Holdings 7649 All stores 8.2 1.9 6.2 7.3 10.4 Within drugs (merchandise), healthcare rose 0.3%, beauty care rose 4.5%, and

Rating: Neutral Same stores 5.3 -1.7 7.0 3.6 9.3 home care rose 11.2%, while foods fell 0.1%.

Prescription volume struggled as the hay fever season ended early, but

prescription unit prices rose on the back high-priced prescriptions.

April Overall Merchandise Gasoline Despite the tough consumption environment, same-store merchandise sales rose

5/15 7-Eleven, Inc. 3382 All stores 16.5 -0.6 for the fifth straight month.

(Seven & i Holdings) Same stores 0.1 7-Eleven Australia’s all-store sales were up 7.7%, while its same-store sales rose

1.0% for the second consecutive month of growth.

Note: This report is based on company data. Some figures are preliminary. Some detailed data are based on company interviews conducted by Mizuho Securities.

Source: Mizuho Securities Equity Research