Message from the President

When our founder, Shoya Honda, traveled to the United States, he was impressed by the emergence of suburban stores as the motorization of North American society progressed. One type of store that particularly caught his eye was the home center. Convinced that consumers in Japan, their food and clothing needs having been met, would soon turn their eyes toward their living environments, he decided in 1975 to establish “Joyful Honda,” with the theme of “making living environments richer and more comfortable.”
The company’s name, “Joyful Honda,” is imbued with the founder’s wish to bring smiles and enjoyment and to create joy and dreams together with customers. Even today, as needs and channels have become increasingly diverse, the joy of local communities is our joy, and eliminating customers’ “negatives” and delivering new value has been our style since the very beginning.
Without being bound by the conventions of the home center, we will build stores that are connected to locals with strong bonds of trust and that are loved by their local communities. We also aim to create stores where our employees can feel pride and joy in working in those local communities and in our stores.
We will continue our “innovation” and “challenge” to be the kind of stores that customers will think of first, both in normal times and when they have a problem to solve.

Never forgetting our beginnings, we look forward to welcoming you to the new Joyful Honda!

This quarter, under the fundamental policy of “Cultivate Fans of Joyful Honda!!,” we have implemented our business strategies while closely monitoring changes in the external environment.
To enhance the shopping experience for our customers, we have actively invested in improving the appeal of existing stores and in our human capital. For instance, we have restructured sales floors to reflect current trends, such as security and disaster prevention and potential customers needs. We have also worked to pass down customer service skills that combine advanced expertise and responsiveness to further enhance customer satisfaction and have improved the work environment by reviewing labor conditions, including salaries and benefits, thereby boosting employee motivation.
In particular, during the current interim accounting period, as part of our efforts to implement management that is more aware of capital costs and stock prices, we executed three capital policies simultaneously: the offering of company shares, the repurchase of treasury stock, and the decision to dispose of treasury stock to grant restricted stock to our employees through the employee stock ownership plan. By offering our shares, we aim to increase investment opportunities, primarily for individual investors, while furthering their understanding of our company. At the same time, we will strive to achieve shareholder returns with an awareness of capital costs and a well-balanced capital structure that ensures both efficiency and stability. Furthermore, we have further reinforced one of our key themes for this quarter, investment in human capital, by deciding to grant restricted stock to our employees through the employee stock ownership plan. As a result, we are creating a work environment where employees can work with peace of mind over the long term, while also contributing to the sustainable enhancement of corporate value.
As part of our ongoing and proactive initiatives toward building a sustainable and prosperous society, we have also signed a comprehensive partnership agreement with Hitachinaka City, Ibaraki Prefecture, where our Joyful Honda Newport Hitachinaka Store is located. Through this agreement, we aim to contribute to the development of a vibrant and diverse local community by responding swiftly and appropriately to regional needs. Counting this agreement, we have now entered into a total of 22 agreements with 19 municipalities and other organizations.

 

As a result, for the first six months of the fiscal year under review, net sales were 65,064 million yen (up 2.7% year on year), operating income was 5,889 million yen (up 6.5% year on year), ordinary income was 6,446 million yen (up 5.9% year on year), and profit was 4,393 million yen (up 5.1% year on year).

There is no change to the full-year forecast of business results for the fiscal year ending June 20, 2025 announced on August 2, 2024.