Retail Trade · Fiscal year end May 20

KUSURI NO AOKI HOLDINGS CO., LTD.

3549

株式会社クスリのアオキホールディングス

FIGI BBG00D845GC03549.T3549 JPCorp. no. 9220002009323

Latest half-year results

First half · fiscal year to 2026-05 · filed 2025-12-25

For the first half of the fiscal year to 2026-05: Revenue ¥279.8 billion (+15.2% YoY), Ordinary income ¥13.6 billion (+5.4% YoY), Net income ¥9.6 billion (+11.8% YoY).

	This period	Year on year
Revenue	¥279.8bn	+15.2%
Ordinary profit	¥13.6bn	+5.4%
Net profit to owners	¥9.6bn	+11.8%

From the securities report on EDINET, which states no forecast. History via /v1/companies/3549/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-05-20

Revenue: ¥566.9bn
Net income: ¥17.1bn
ROE: 11.9%
Equity ratio: 34.3%
Dividend / share: ¥56
Employees: 6,355

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-05-20	¥566.9bn	¥17.1bn	¥410.9bn	¥141.0bn	11.9%	¥176.95	¥37.3bn
2025-05-20	¥501.5bn	¥17.8bn	¥352.5bn	¥145.8bn	13.9%	¥175.42	¥22.2bn
2024-05-20	¥436.9bn	¥12.3bn	¥303.5bn	¥117.4bn	11.8%	¥130.11	¥26.9bn
2023-05-20	¥378.9bn	¥12.3bn	¥274.3bn	¥98.5bn	13.3%	¥130.31	¥31.2bn
2022-05-20	¥328.3bn	¥9.8bn	¥234.2bn	¥86.9bn	12.0%	¥104.02	¥20.3bn

Indicators

Computed by us from filings · fiscal year to 2026-05-20

Metric	Value	Percentile among listed companies
ROE, %	11.9	67.4
Ordinary margin	0.0489	37.5
Equity ratio, %	34.3	18.8
Revenue growth	0.1304	76.3
Net income growth	-0.0367	32.4
Operating cash flow / assets	0.0908	67.9

Policy-uncertainty measure0.76 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Politics & geopolitics 1

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change +2.09pt in 90 days; 28.8% held by other listed companies.

Results wording balance: -0.33. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥141.9bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥710m, 1.9% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3549/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Share buyback, report to —: acquired amount not stated of a ¥24.0bn limit. /v1/companies/3549/buybacks

Internal control, 2026-08-19: see filing 上記の評価の結果、当事業年度末日時点において、当社グループの財務報告に係る内部統制は有効であると判断しました。 Filing

Ownership changes

All companies →

2026-09-16

Increase+1.04pt

Oasis Management Company Ltd. raised holdings in KUSURI NO AOKI HOLDINGS CO., LTD. (3549) to 16.14% from 15.10%.

S100Z2D9Filer profile Original filing (PDF, Japanese)
2026-08-24

Purpose change+1.05pt

Oasis Management Company Ltd. changed its stated purpose for holding KUSURI NO AOKI HOLDINGS CO., LTD. (3549): may_make_proposals, shareholder_value_engagement, undervaluation_thesis -> may_make_proposals.

S100YXQBFiler profile Original filing (PDF, Japanese)
2026-08-24

Increase+1.05pt

Oasis Management Company Ltd. raised holdings in KUSURI NO AOKI HOLDINGS CO., LTD. (3549) to 15.10% from 14.05%.

S100YXQBFiler profile Original filing (PDF, Japanese)
2026-05-13

Purpose change+0.03pt

Oasis Management Company Ltd. changed its stated purpose for holding KUSURI NO AOKI HOLDINGS CO., LTD. (3549): may_make_proposals -> may_make_proposals, shareholder_value_engagement, undervaluation_thesis.

S100Y2YVFiler profile Original filing (PDF, Japanese)
2026-05-13

Increase+0.03pt

Oasis Management Company Ltd. raised holdings in KUSURI NO AOKI HOLDINGS CO., LTD. (3549) to 14.05% from 14.02%.

S100Y2YVFiler profile Original filing (PDF, Japanese)
2026-04-08

New 5% stake

Godogaisha HONJIN disclosed a 11.45% stake in KUSURI NO AOKI HOLDINGS CO., LTD. (3549), crossing the 5% reporting threshold.

S100XXMUFiler profile Original filing (PDF, Japanese)
2026-04-08

Threshold

Holdings of Godogaisha HONJIN in KUSURI NO AOKI HOLDINGS CO., LTD. (3549) moved above 10% (new -> 11.45%).

S100XXMUFiler profile Original filing (PDF, Japanese)
2026-04-08

Purpose change+0.35pt

Godokaisha KS Aviation changed its stated purpose for holding KUSURI NO AOKI HOLDINGS CO., LTD. (3549): none -> pure_investment.

S100XXN4Filer profile Original filing (PDF, Japanese)
2026-04-08

Increase+0.35pt

Godokaisha KS Aviation raised holdings in KUSURI NO AOKI HOLDINGS CO., LTD. (3549) to 3.83% from 3.48%.

S100XXN4Filer profile Original filing (PDF, Japanese)
2026-02-24

Amendment+3.32pt

Oasis Management Company Ltd. filed a correction to a 5% report on KUSURI NO AOKI HOLDINGS CO., LTD. (3549).

S100XMTSFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
Oasis Management Company Ltd.	2023-04-28 – 2026-09-09	+11,241,731	+14.75pt	¥3,819.32	¥2,920–6,600
individual filer	2024-12-20 – 2024-12-20	-2,447,500	−2.33pt	¥3,227	¥3,227–3,227
individual filer	2024-12-20 – 2024-12-20	+2,447,500	+2.33pt	¥3,227	¥3,227–3,227
individual filer	2024-08-21 – 2024-08-28	-7,496,508	−7.13pt	¥3,017.15	¥2,277–3,322
individual filer	2024-08-28 – 2024-08-28	+6,373,254	+6.06pt	¥3,322	¥3,322–3,322
individual filer	2024-08-28 – 2024-08-28	+6,373,254	+6.06pt	¥3,322	¥3,322–3,322
individual filer	2024-08-21 – 2024-08-28	-5,378,520	−5.11pt	¥2,976.49	¥2,277–3,322
individual filer	2024-08-28 – 2024-08-28	+3,542,840	+3.37pt	¥3,322	¥3,322–3,322
individual filer	2024-08-28 – 2024-08-28	+3,542,840	+3.37pt	¥3,322	¥3,322–3,322
individual filer	2024-08-28 – 2024-08-28	+3,542,840	+3.37pt	¥3,322	¥3,322–3,322
合同会社GARDEN	2024-08-28 – 2024-08-28	+3,542,840	+3.37pt	¥3,322	¥3,322–3,322
合同会社HONJIN	2024-08-28 – 2024-08-28	+3,542,840	+3.37pt	¥3,322	¥3,322–3,322

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3549/trades.

5% filings

Large shareholding reports on 3549

Filed	Filer	Stake	Change	Stated purpose
2026-09-16	Oasis Management Company Ltd.	16.14%	+1.04pt	may make proposals
2026-08-24	Oasis Management Company Ltd.	15.10%	+1.05pt	may make proposals
2026-05-13	Oasis Management Company Ltd.	14.05%	+0.03pt	may make proposals shareholder value engagement undervaluation thesis
2026-04-08	Godogaisha HONJIN	11.45%	—	pure investment
2026-04-08	Godokaisha KS Aviation	3.83%	+0.35pt	pure investment
2026-02-24	Oasis Management Company Ltd.	14.02%	+3.32pt	may make proposals
2026-02-20	Oasis Management Company Ltd.	14.02%	+3.32pt	may make proposals
2026-01-19	AEON Co.,Ltd.	15.25%	+5.27pt	strategic holding
2025-09-04	Oasis Management Company Ltd.	10.70%	+1.03pt	may make proposals
2025-06-06	SMBC Nikko Securities Inc.	2.14%	−2.90pt	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: — issues
Book value: —
Sold in the year: — — issues
Bought in the year: — — issues
Mutual, both reports: 2
Held by listed cos.: 12

Holds	Book value	Shares vs. prior year	Mutual
㈱ほくほくフィナンシャルグループ（注）２	¥5,815m	0.0%	no
The Fukui Bank, Ltd. 8362	¥2,528m	+0.3%	both reports
The Bank of Toyama,Ltd. 8365	¥227m	0.0%	both reports
㈱ＣＣＩグループ（注）３	¥107m	+900.1%	no
㈱ツルハホールディングス（注）４	¥104m	+400.0%	no

Held by: AEON Co.,Ltd. 8267, TSURUHA HOLDINGS INC. 3391, AEON Co.,Ltd. 8267, Hokuhoku Financial Group, Inc. 8377, CCI Group, Inc. 7381, The Fukui Bank, Ltd. 8362, Alfresa Holdings Corporation 2784, 8283 8283, MEDIPAL HOLDINGS CORPORATION 7459, The Bank of Toyama,Ltd. 8365, BEING HOLDINGS CO., LTD. 9145, ZERIA PHARMCEUTICAL CO., LTD. 4559 and 1 more

Purposes, all holdings and mutual flags via /v1/companies/3549/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-05-20

Shareholder	Shares	Ratio
OASIS FUNDAMENTAL VALUE Ⅱ (HONG KONG) LIMITED	13,378,000	14.08%
individual holder	9,720,000	10.23%
individual holder	6,481,000	6.82%
individual holder	6,481,000	6.82%
日本マスタートラスト信託銀行㈱（信託口）	5,138,000	5.41%
individual holder	4,860,000	5.11%
individual holder	4,167,000	4.38%
individual holder	3,658,000	3.85%
individual holder	3,649,000	3.84%
individual holder	3,649,000	3.84%
individual holder	3,649,000	3.84%

U.S. funds holding 3549

SEC Form N-PORT, reports to 2026-07-31

61 U.S. funds held 3,513,510 shares worth $85.5m.

Fund	Shares	Value	% of fund	As of
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	698,747	$17.6m	0.003%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	470,906	$10.5m	0.003%	2026-06-30
iShares Core MSCI EAFE ETF iShares Trust	319,300	$8.1m	0.004%	2026-07-31
THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO	268,800	$6.8m	0.169%	2026-07-31
INTERNATIONAL CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC	206,300	$5.2m	0.012%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/3549
GET /v1/companies/3549/financials
GET /v1/companies/3549/details
GET /v1/companies/3549/segments
GET /v1/companies/3549/voting
GET /v1/companies/3549/tender-offers
GET /v1/companies/3549/indicators
GET /v1/companies/3549/earnings-releases
GET /v1/events?ticker=3549
GET /v1/companies/3549/trades         
GET /v1/companies/3549/cross-holdings 
GET /v1/companies/3549/brief

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