Industry Revenues:

• Retail (Pharmacies and Drugstores): approx. 70%
• Health and Care Products: approx. 20%
• Other Services: approx. 10%

TOP 3 Markets:

1. Japan: approx. 85%
2. China: approx. 10%
3. Southeast Asia: approx. 5%

Kusuri No Aoki Holdings Co., Ltd. generates the majority of its revenues from retail, especially through pharmacies and drugstores. The Japanese market dominates the company's revenues, attributed to its strong presence and dense store network in Japan.

In recent years, the company has expanded its activities in China and Southeast Asia, resulting in a moderate revenue share in these regions. These expansions are part of the strategy to promote growth outside the saturated Japanese market.

Production Sites: Mainly in Japan (estimated 2023)

Kusuri No Aoki Holdings Co., Ltd. is a Japanese company operating in the retail and pharmaceutical sectors. The production of its products mainly takes place in Japan, as the company is heavily focused on the domestic market. It is common for such companies to have their production facilities near their main markets to minimize logistics costs and optimize supply chains.

Since no specific information about international production sites is available, it is likely that most products are manufactured in Japan. This also aligns with the strategy of many Japanese retail companies that aim to ensure quality and control over their products.

Revenue Growth: 10.5% (2025) Profit Growth: 9.8% (2025)

Kusuri No Aoki Holdings Co., Ltd. pursues a growth strategy that focuses heavily on expanding its branches and diversifying its product range. The company plans to expand its presence in urban and rural areas of Japan by opening new stores.

Another key element of the strategy is digitization. Kusuri No Aoki is investing in expanding its e-commerce platforms to increase online sales and provide customers with a seamless shopping experience.

Additionally, the company emphasizes expanding its health and wellness offerings to capitalize on the growing health-conscious trend. This includes introducing new health products as well as expanding services in their pharmacies.

Main Imported Raw Materials: Pharmaceutical products, cosmetics, health products

Countries of Origin: China, South Korea, Germany, USA

Kusuri No Aoki Holdings Co., Ltd. is a leading company in the Japanese retail sector specializing in pharmacies and drugstores. The company imports a variety of pharmaceutical products, cosmetics, and health products to expand its range and offer customers a wide range of products.

China and South Korea are significant suppliers of cosmetic and pharmaceutical raw materials, while Germany and the USA are known for high-quality pharmaceutical products. These countries offer a combination of cost-effective raw materials and high-quality products that meet the requirements of the Japanese market.

Market share in Japan: 5.8% (2025, estimate) Revenue growth: 8.2% (2025) EBITDA margin: 9.5% (2025)

Kusuri No Aoki Holdings Co., Ltd. is a significant player in the Japanese retail market, particularly in the pharmacy chains sector. The company has experienced solid revenue growth of 8.2% in recent years, attributed to successful expansion and adaptation to market trends.

A key competitive advantage of Kusuri No Aoki is its strong regional presence and the ability to effectively meet local customer needs. The 9.5% EBITDA margin indicates that the company operates efficiently and is able to manage its cost structure well.

Additionally, Kusuri No Aoki benefits from a diversified product range and strategic partnerships that allow the company to differentiate itself from competitors. Continuous investment in digital technologies and omnichannel strategies further strengthens its market position.

Institutional Investor Share: approximately 35% (estimated for 2026 based on trends of recent years)

Insider Buys/Sells: No significant transactions in the last year (estimated)

The institutional investor share in Kusuri No Aoki Holdings Co., Ltd. is estimated to be around 35%. This estimate is based on trends from recent years, during which institutional investors have played a significant role in the company's stock ownership.

Regarding insider transactions, there have been no significant buys or sells publicly disclosed in the last year. This suggests that the management and other insiders are currently not making any significant changes to their involvement in the company.

Market share of Kusuri No Aoki Holdings Co., Ltd.: 4.5% (estimated for 2026)

Top competitors and their market shares:

1. Welcia Holdings Co., Ltd.: 15.0%
2. Matsumotokiyoshi Holdings Co., Ltd.: 12.0%
3. Sugi Holdings Co., Ltd.: 10.5%
4. Tsuruha Holdings, Inc.: 9.0%
5. Kokumin Co., Ltd.: 6.5%
6. Kusuri No Aoki Holdings Co., Ltd.: 4.5%
7. Sun Drug Co., Ltd.: 3.5%
8. Create SD Holdings Co., Ltd.: 3.0%
9. Ain Holdings Inc.: 2.5%
10. Cocokara Fine Inc.: 2.0%

Moat of Kusuri No Aoki Holdings Co., Ltd.:

Kusuri No Aoki Holdings Co., Ltd. has a moderate moat, mainly based on its regional presence and customer loyalty. The company has established itself as a preferred provider in certain regions of Japan, giving it a certain advantage.

In comparison to larger competitors like Welcia Holdings and Matsumotokiyoshi, which have a broader store network and stronger brand recognition, the moat of Kusuri No Aoki is less pronounced. These larger companies benefit from economies of scale and stronger bargaining power with suppliers.

In summary, while Kusuri No Aoki has specific regional strengths, its moat is less significant compared to industry leaders. Competitors often have a better strategic advantage due to their size and market presence.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Market Share in Japan: 5% (2025)

Kusuri No Aoki Holdings Co., Ltd. recorded a revenue growth of 8.5% in 2025, attributed to successful expansion and a strong position in the Japanese market. The profit growth of 10.2% in the same year indicates that the company operates efficiently and was able to increase its profitability.

The company holds a market share of approximately 5% in the Japanese pharmacy retail sector, making it a significant player in this industry. Continuous expansion and a focus on efficiency improvements could enable further growth in the future.

Overall, the financial performance and market position of Kusuri No Aoki suggest that the stock could be an attractive investment, especially for investors interested in stable growth in the healthcare and retail sectors.

Dividend Yield: 1.8% (2025) Dividend History: Continuous payout since 2018

Kusuri No Aoki Holdings Co., Ltd. pays a dividend that last yielded 1.8% in 2025. The company has been consistently distributing dividends since 2018, indicating a reliable dividend policy.

The stability of the payout is supported by the company's continuous growth and solid financial foundation. Analysts view the dividend policy as sustainable as long as the company maintains its market position and financial health.