Home goods company trends: June 2026

研报英文原文证据摘录

Home goods company trends: June 2026

13 July 2026

Mizuho Securities Equity Research Retail / Specialty Stores

Industry Overview

Trends deteriorate significantly versus May due to poor weather

Senior Analyst: Summary

Hideya Asaeda In June 2026, same-store sales fell at all eight furniture companies and home

+81 3 6202 8598 improvement centers except Joyful Honda, and all-store sales fell at all six

hideya.asaeda@mizuho-sc.com home appliance retailers. Trends across the board deteriorated significantly

versus May due to calendar effects (one fewer Sunday YoY) and poor sales ofSenior Analyst:

seasonal items stemming from unfavorable weather, particularly on weekendsToshio Takahashi

in the latter half of the month. However, easy YoY comps are likely to yield+81 3 6202 8325

toshio.takahashi@mizuho-sc.com better trends in July as sales were weak at each retailer in July 2025 due to

a heat wave.

Key trends by company

For three home improvement centers and furniture stores under our coverage

in June, same-store sales were down 13.2% (customer traffic down 11.5%,

average customer spending down 1.9%) at Nitori (Nitori Holdings), down

10.7% (down 9.8%, down 1.0%) at DCM Holdings, and down 2.8% (down

7.4%, up 5.0%) at Komeri. Nitori saw solid sales of home appliances and new

products such as flash toasters, shelf desks, and recovery wear, but sales

turned downward on lackluster trends in home fashion products and other

seasonal items. At DCM Holdings, air conditioner sales were solid ahead of

plans for tighter energy standards in 2027, but sales of summer products

outside of air conditioners were weak. Komeri also saw higher sales of air

conditioners and related products, but same-store sales turned downward for

the first time in four months due to weak sales of summer products.