Worth reading
83Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
67
¥ billions (operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,776 Hundreds of millions of yen+5.3%
Operating profit67 Hundreds of millions of yen-29.4%
Ordinary income64 Hundreds of millions of yen-31.3%
Net income¥34 100 million -47.3%quarterly net income attributable to owners of the parent
Operating profit margin2.4 %
Selling, general and administrative expenses320 Hundreds of millions of yen
Results for the three months of the current quarterRevenue: ¥277.6 billion; operating profit: ¥6.7 billion; ordinary profit: ¥6.4 billion; quarterly net income attributable to owners of the parent: ¥3.4 billion
Full-year earnings forecast
Net Sales
11,100 Hundreds of millions of yen
Operating profit
320 Hundreds of millions of yen
Ordinary income
300 Hundreds of millions of yen
Profit attributable to owners of the parent
150 Hundreds of millions of yen
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 Sales25.0%
Operating profit20.8%
Ordinary income21.4%
Profit attributable to owners of the parent22.8%
By segment and business unitRevenue and operating profit are presented by business unit, segment, and domestic/overseas operations
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit exceeded the plan and is progressing as expectedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Benefits from business portfolio restructuring and strong sales, among other factors+¥400 million
- Higher costs due to rising domestic seafood prices and insufficient price pass-through, among other factors-¥800 million
- Effects of the weaker yen and lower sales of frozen vegetables for the domestic retail market, foreign exchange effects overseas, and other factors-¥1.8 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- U.S. dollar exchange rate¥156.48
- Euro exchange rate¥183.73
- Thai baht exchange rate¥4.94
New initiatives
- Making Pet World International (PWI) a consolidated subsidiary by acquiring a 51% stake
- Launching new kanikama products and expanding sales
- Transfer of a 51% stake in Umiosロジ
- Absorption-type company split of the aquaculture and processed food businesses of 大洋エーアンドエフ
- Proactive investment in the pet food business and acquisition of a business platform in Southeast Asia
Key KPIsA metric the company considers important as a management benchmark.
- Domestic Japanese wet cat food market share3 rank
- Pet food market share in Malaysia2 rank
- Consolidated PWI revenue124 Hundreds of millions of yen
- PWI revenue CAGR11.3 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Higher feed volumes handled and prices in the aquaculture business
- Increased sales volumes in the European business
- Solid sales volumes and value in the pet food business
- Increased sales volumes of kanikama products in North America
Segment results
Marine resources segment
Net Sales
299 Hundreds of millions of yen+14.9%
Operating profit
4 Hundreds of millions of yen-50.4%
Food distribution segment
Net Sales
1,962 Hundreds of millions of yen+5.7%
Operating profit
37 Hundreds of millions of yen-17.8%
Processed foods segment
Net Sales
463 Hundreds of millions of yen-1.1%
Operating profit
21 Hundreds of millions of yen-45.2%
Other
Net Sales
53 Hundreds of millions of yen
Operating profit
4 Hundreds of millions of yen
Medium-term management plan targets
Pet-Food Business
Operating profit
100 Hundreds of millions of yen
ROIC
18 %
Target fiscal yearFiscal year ending March 2028
Financial targets
Actual results
Net debt-to-equity ratio
1.2 times
Equity ratio
31.7 %
Market Size / Share
- No. 3 in Japan's wet cat food market
- No. 2 in Malaysia's pet food market
Capital expenditures
¥56 100 million expenditures for the acquisition of property, plant and equipment
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 2,776 Hundreds of millions of yen (YoY +5.3%) |
| Operating profit | 67 Hundreds of millions of yen (YoY -29.4%) |
| Ordinary income | 64 Hundreds of millions of yen (YoY -31.3%) |
| Net income | ¥34 100 million (quarterly net income attributable to owners of the parent) (YoY -47.3%) |
| Operating profit margin | 2.4 % |
| Selling, general and administrative expenses | 320 Hundreds of millions of yen |
| Results for the three months of the current quarter | Revenue: ¥277.6 billion; operating profit: ¥6.7 billion; ordinary profit: ¥6.4 billion; quarterly net income attributable to owners of the parent: ¥3.4 billion |
| Full-year earnings forecast | Net Sales 11,100 Hundreds of millions of yen / Operating profit 320 Hundreds of millions of yen / Ordinary income 300 Hundreds of millions of yen / Profit attributable to owners of the parent 150 Hundreds of millions of yen |
| Progress against full-year forecast | Net Sales 25.0% / Operating profit 20.8% / Ordinary income 21.4% / Profit attributable to owners of the parent 22.8% / By segment and business unit Revenue and operating profit are presented by business unit, segment, and domestic/overseas operations |
| Self-assessment against the plan | Operating profit exceeded the plan and is progressing as expected |
| Segment results | Marine resources segment Net Sales 299 Hundreds of millions of yen (YoY +14.9%) / Operating profit 4 Hundreds of millions of yen (YoY -50.4%) / Food distribution segment Net Sales 1,962 Hundreds of millions of yen (YoY +5.7%) / Operating profit 37 Hundreds of millions of yen (YoY -17.8%) / Processed foods segment Net Sales 463 Hundreds of millions of yen (YoY -1.1%) / Operating profit 21 Hundreds of millions of yen (YoY -45.2%) / Other Net Sales 53 Hundreds of millions of yen / Operating profit 4 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Factors Benefits from business portfolio restructuring and strong sales, among other factors / Amount +¥400 million, Factors Higher costs due to rising domestic seafood prices and insufficient price pass-through, among other factors / Amount -¥800 million, Factors Effects of the weaker yen and lower sales of frozen vegetables for the domestic retail market, foreign exchange effects overseas, and other factors / Amount -¥1.8 billion |
| Key KPIs | Indicator name Domestic Japanese wet cat food market share / Value 3 rank / Year on year against the same period last year Not disclosed, Indicator name Pet food market share in Malaysia / Value 2 rank / Year on year against the same period last year Not disclosed, Indicator name Consolidated PWI revenue / Value 124 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name PWI revenue CAGR / Value 11.3 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Higher feed volumes handled and prices in the aquaculture business, Increased sales volumes in the European business, Solid sales volumes and value in the pet food business, Increased sales volumes of kanikama products in North America |
| Assumptions Underlying the Business Outlook | Item U.S. dollar exchange rate / Value ¥156.48, Item Euro exchange rate / Value ¥183.73, Item Thai baht exchange rate / Value ¥4.94 |
| Medium-term management plan targets | Pet-Food Business Operating profit 100 Hundreds of millions of yen / ROIC 18 % / Target fiscal year Fiscal year ending March 2028 |
| Financial targets | Actual results Net debt-to-equity ratio 1.2 times / Equity ratio 31.7 % / Target Not disclosed |
| Capital expenditures | ¥56 100 million (expenditures for the acquisition of property, plant and equipment) |
| Market Size / Share | No. 3 in Japan's wet cat food market, No. 2 in Malaysia's pet food market |
| New initiatives | Making Pet World International (PWI) a consolidated subsidiary by acquiring a 51% stake, Launching new kanikama products and expanding sales, Transfer of a 51% stake in Umiosロジ, Absorption-type company split of the aquaculture and processed food businesses of 大洋エーアンドエフ, Proactive investment in the pet food business and acquisition of a business platform in Southeast Asia |
Items this document does not state (9)
Gross Profit MarginNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.In Japan, cost increases resulting from higher seafood prices and the weaker yen were not sufficiently passed on through pricing, while overseas earnings declined mainly because of foreign exchange effects. Net income was also affected by the recognition of a one-time tax expense of ¥1.7 billion related to the sale of Umiosロジ.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.