Komori
Earnings presentation1301KYOKUYO CO.,LTD.Food

Second-Quarter (Interim) Financial Results and IR Briefing Materials for the Fiscal Year Ending March 2027

For the interim period of the fiscal year ending March 2027, domestic sales, skipjack and tuna products, and the overseas purse seine fishing business grew, resulting in higher net sales, operating income, ordinary income and interim net income than in the same period of the previous year. The full-year forecast remains unchanged, while the Company will strengthen its year-end sales campaign and inventory management in the second half.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
17766
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥173,763 millions+11.0%
Operating profit¥5,411 millions+19.0%
Ordinary income¥4,932 millions+18.0%
Net income¥3,195 millions+14.0%
Selling, general and administrative expenses¥16,337 millions
Full-year earnings forecast
Net Sales
¥365,000 millions
Operating profit
¥12,000 millions
Ordinary income
¥11,000 millions
Profit attributable to owners of the parent
¥7,200 millions
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales48%
Operating profit45%
Ordinary income45%
Interim net income attributable to owners of the parent44%
By segmentFisheries: sales 46%, profit 36%; Fisheries Processing: sales 47%, profit 59%; Fresh Foods: sales 51%, profit 63%; Food Products: sales 47%, profit 46%; Logistics Services: sales 52%, profit 50%; Other: sales 46%, profit 65%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below plan (including profits from overseas local businesses)
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesFisheries +¥9,191 million, Fisheries Processing +¥659 million, Fresh Foods +¥6,701 million, Food Products +¥1,114 million, Logistics Services +¥116 million, Other -¥15 million
Operating profitFisheries -¥135 million, Fisheries Processing +¥160 million, Fresh Foods +¥1,154 million, Food Products +¥30 million, Logistics Services +¥18 million, Other -¥369 million
New initiatives
  • Strengthen sales during the year-end campaign, focusing on premium products
  • Strengthen inventory control
  • Establish mass-production capabilities in the United States for crab-flavored kamaboko aimed at mass consumption
  • Strengthen relationships with major conveyor-belt sushi chains, launch new products, and expand sales to overseas locations
  • Standardize and digitalize delivery, distribution and customs clearance operations, with centralized management
  • Develop products in new categories
  • Develop new sales channels and new products with existing business partners
Key KPIsA metric the company considers important as a management benchmark.
  • Overseas Sales¥326 100 million
    Year on year against the same period last year¥21.1 billion in the same period of the previous year
  • Overseas sales ratio18.8 %
    Year on year against the same period last year13.6% in the same period of the previous year
  • Equity ratio36.2 %
    Year on year against the same period last year+1.0 percentage points
  • D/E ratio1.2 Times
    Year on year against the same period last year-0.1x
  • Research and Development Expenses¥176 millions
    Year on year against the same period last year+JPY 7 million
  • Depreciation and amortization¥1,500 millions
    Year on year against the same period last year+¥66 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales value and unit prices by fish species, sales volume and value for the bluefin tuna farming business, and landed volume and fish prices for the overseas purse seine fishing business are included, but detailed figures are not explicitly shown in the charts.
Segment results
  • Marine Products
    Net Sales85,960
    Profit2,145
    Year-on-year revenue growth+¥9,191 million
    Year-on-Year Change in Profit-¥135 million
  • Processed Seafood Business
    Net Sales13,510
    Profit593
    Year-on-year revenue growth+¥659 million
    Year-on-Year Change in Profit+¥160 million
  • Fresh Products Business
    Net Sales43,413
    Profit2,770
    Year-on-year revenue growth+¥6,701 million
    Year-on-Year Change in Profit+¥1,154 million
  • Food Business
    Net Sales29,661
    Profit1,057
    Year-on-year revenue growth+¥1,114 million
    Year-on-Year Change in Profit+¥30 million
  • Logistics Services
    Net Sales943
    Profit174
    Year-on-year revenue growth+¥116 million
    Year-on-Year Change in Profit+¥18 million
  • Other
    Net Sales273
    Profit-1,329
    Year-on-year revenue growthQuarterly net loss of ¥15 million
    Year-on-Year Change in Profit-¥369 million
Medium-term management plan targets
Overseas sales ratioAt least 15% (¥60 billion) for the fiscal year ending March 2027
Actual results¥32.6 billion for the interim period of the fiscal year ending March 2027, with an overseas sales ratio of 18.8%
Capital expenditures
¥16 100 million actual for the interim period of the fiscal year ending March 2027
Annual Dividend
Forecast for the fiscal year ending March 2027¥160 per share (the interim and year-end breakdown is Not disclosed)
Payout ratio
26.4% (DOE is Not disclosed)
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥173,763 millions (YoY +11.0%)
Operating profit¥5,411 millions (YoY +19.0%)
Ordinary income¥4,932 millions (YoY +18.0%)
Net income¥3,195 millions (YoY +14.0%)
Selling, general and administrative expenses¥16,337 millions
Full-year earnings forecastNet Sales ¥365,000 millions / Operating profit ¥12,000 millions / Ordinary income ¥11,000 millions / Profit attributable to owners of the parent ¥7,200 millions
Progress against full-year forecastNet Sales 48% / Operating profit 45% / Ordinary income 45% / Interim net income attributable to owners of the parent 44% / By segment Fisheries: sales 46%, profit 36%; Fisheries Processing: sales 47%, profit 59%; Fresh Foods: sales 51%, profit 63%; Food Products: sales 47%, profit 46%; Logistics Services: sales 52%, profit 50%; Other: sales 46%, profit 65%
Self-assessment against the planBelow plan (including profits from overseas local businesses)
Segment resultsSegment Marine Products / Net Sales 85,960 / Profit 2,145 / Year-on-year revenue growth +¥9,191 million / Year-on-Year Change in Profit -¥135 million, Segment Processed Seafood Business / Net Sales 13,510 / Profit 593 / Year-on-year revenue growth +¥659 million / Year-on-Year Change in Profit +¥160 million, Segment Fresh Products Business / Net Sales 43,413 / Profit 2,770 / Year-on-year revenue growth +¥6,701 million / Year-on-Year Change in Profit +¥1,154 million, Segment Food Business / Net Sales 29,661 / Profit 1,057 / Year-on-year revenue growth +¥1,114 million / Year-on-Year Change in Profit +¥30 million, Segment Logistics Services / Net Sales 943 / Profit 174 / Year-on-year revenue growth +¥116 million / Year-on-Year Change in Profit +¥18 million, Segment Other / Net Sales 273 / Profit -1,329 / Year-on-year revenue growth Quarterly net loss of ¥15 million / Year-on-Year Change in Profit -¥369 million
Breakdown of Factors Affecting the ChangeNet Sales Fisheries +¥9,191 million, Fisheries Processing +¥659 million, Fresh Foods +¥6,701 million, Food Products +¥1,114 million, Logistics Services +¥116 million, Other -¥15 million / Operating profit Fisheries -¥135 million, Fisheries Processing +¥160 million, Fresh Foods +¥1,154 million, Food Products +¥30 million, Logistics Services +¥18 million, Other -¥369 million
Key KPIsIndicator Overseas Sales / Value ¥326 100 million / Year on year against the same period last year ¥21.1 billion in the same period of the previous year, Indicator Overseas sales ratio / Value 18.8 % / Year on year against the same period last year 13.6% in the same period of the previous year, Indicator Equity ratio / Value 36.2 % / Year on year against the same period last year +1.0 percentage points, Indicator D/E ratio / Value 1.2 Times / Year on year against the same period last year -0.1x, Indicator Research and Development Expenses / Value ¥176 millions / Year on year against the same period last year +JPY 7 million, Indicator Depreciation and amortization / Value ¥1,500 millions / Year on year against the same period last year +¥66 million
Unit price and quantity metricsSales value and unit prices by fish species, sales volume and value for the bluefin tuna farming business, and landed volume and fish prices for the overseas purse seine fishing business are included, but detailed figures are not explicitly shown in the charts.
Medium-term management plan targetsOverseas sales ratio At least 15% (¥60 billion) for the fiscal year ending March 2027 / Actual results ¥32.6 billion for the interim period of the fiscal year ending March 2027, with an overseas sales ratio of 18.8%
Annual DividendForecast for the fiscal year ending March 2027 ¥160 per share (the interim and year-end breakdown is Not disclosed)
Payout ratio26.4% (DOE is Not disclosed)
Capital expenditures¥16 100 million (actual for the interim period of the fiscal year ending March 2027)
New initiativesStrengthen sales during the year-end campaign, focusing on premium products, Strengthen inventory control, Establish mass-production capabilities in the United States for crab-flavored kamaboko aimed at mass consumption, Strengthen relationships with major conveyor-belt sushi chains, launch new products, and expand sales to overseas locations, Standardize and digitalize delivery, distribution and customs clearance operations, with centralized management, Develop products in new categories, Develop new sales channels and new products with existing business partners
Items this document does not state (12)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Net sales increased, driven by growth in domestic sales in the fisheries business and higher sales of skipjack and tuna products in the fresh foods business. Operating income increased due to higher profits from sockeye salmon, roe and fillet products, as well as the profit contribution from the overseas purse seine fishing business operated by a subsidiary.

How to read this page

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Second-Quarter (Interim) Financial Results and IR Briefing Materials for the Fiscal Year Ending March 2027 | KYOKUYO CO.,LTD. (1301) timely disclosure | Komori