Ain Holdings: June data: Dispensing pharmacies perform well, retail hit by unfavorable weather

Research evidence excerpt

Ain Holdings: June data: Dispensing pharmacies perform well, retail hit by unfavorable weather

Global Markets Research

14 July 2026Ain Holdings

9627.T 9627 JP / EQUITY: JAPAN PHARMACEUTICALS

June data: Dispensing pharmacies perform well, Rating Buyretail hit by unfavorable weather

Target price JPY 9,850Quick Note

Closing price

14 July 2026 JPY 5,592June data: Retail segment hit hard by typhoons and cooler weather, dispensing

pharmacies perform well (Note: Quick Note reports are not a

Ain Holdings released monthly data for June 2026 on 14 July. All-store dispensing sales vehicle for changes to ratings, target

were up 47.8% y-y, with the number of prescriptions filled up 53.8% and the average prices, or earnings forecasts)

prescription price down 3.9%, partly owing to the addition of the Sakura Pharmacy group.

Sales at Ainz & Tulpe rose 5.1%, partly thanks to contributions from new stores, with

customer footfall up 1.3% and average customer spend up 3.8%, but sales were affected

by typhoons and other factors. Sales at Francfranc were down 23.4%, with footfall down

Research Analysts24.6% and average customer spend up 1.7%. As well as being due to typhoons and

cooler weather, this was also because June fell in a period between product lineup Japan pharmaceuticals &

changes. healthcare

Kyoichiro Shigemura - NSC

According to the company, same-store sales at the dispensing pharmacy segment rose kyoichiro.shigemura@nomura.com

7.8% y-y, with the number of prescriptions filled up 1.1% despite growth in the length of +81 3 6703 1118

prescriptions. The average prescription price rose 6.6%, which we attribute in part to

growth in prescriptions of high-priced drugs.

The number of business days at the retail segment was the same in June 2026 as in June

2025.