Japan retailing sector: Monthly data

研报英文原文证据摘录

Japan retailing sector: Monthly data

Global Markets Research

7 August 2026

EQUITY: JAPAN RETAILING

Cosmos Pharmaceutical

Research Analysts

Japan retailing

Hisahiro Yamaoka - NSC

Same-store sales at Cosmos Pharmaceutical up 1.2%

Cosmos Pharmaceutical [3349]: July same-store sales

• Cosmos Pharmaceutical's July same-store sales rose 1.2% y-y.

• Sales of pharmaceuticals and cosmetics look to have risen sharply, and sales of food

products and sundries appear to have risen too. While sales growth seems to have

been somewhat lackluster, it appears that this was partly because cool weather in

early July acted as a headwind. In addition, rice sales look to have fallen y-y. Although

some stores were forced to close as a result of the Kumamoto earthquake (as of

12:00 JST on 6 August, seven stores in Kumamoto Prefecture remained closed), we

think the impact of the earthquake on overall sales was minimal. We also do not see

any major changes in pricing policy. We recommend the stock with a Buy rating as we

think the company will be able to continue to capture consumer demand while

leveraging its strengths in low prices, and focus on medium-term growth prospects

based on store openings.

Yusuke Sakamoto - NSC

Shintaro Umeda - NSC