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Financial results presentation1375YUKIGUNI FACTORY CO.,LTD.Food

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

In the cumulative second quarter, higher sales and profit, driven by increased sales volume, sustained high unit prices and cost controls, lifted revenue to a record high. For the full year, revenue and core EBITDA are forecast to increase, while operating profit, profit before tax and net profit are expected to fall below the previous fiscal year's actual results.

Worth reading
75Important
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1523
Millions of yen (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond 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 Sales¥16,482 million+10.2%
Operating profit¥1,749 million+305.2%
Net income¥1,022 million+1,152.2%
Operating profit margin10.6
Selling, general and administrative expenses¥4,552 million
Results for the three months of the current quarter
Revenue
¥8,499 million
Core EBITDA
¥1,097 million
Full-year earnings forecast
Revenue
¥39,640 million
Operating profit
¥4,140 million
Pretax profit
¥3,950 million
Profit for the year attributable to owners of the parent
¥2,540 million
Core operating profit
¥3,960 million
Core EBITDA
¥6,450 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Core EBITDA YoY
Revenue1,523
Costs of sales-672
Selling, general and administrative expenses-151
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Market Supply VolumeExpected to remain stable
Vegetable pricesAt risk of fluctuating due to weather and other factors
Consumer TrendsA trend toward selective spending
Geopolitical RiskExpected to persist
Labor costsThe upward trend is expected to continue
New initiatives
  • Sales and expansion of mushroom-based meat
  • Research and product development related to the health functionality of maitake mushrooms
  • Participation in a regional industrial cluster plan
  • Operational Efficiency Through BPR
  • Labor saving and energy conservation through new investment
Key KPIsA metric the company considers important as a management benchmark.
  • Core operating profit¥727 million
    Year-on-year (%)572.5
  • Core EBITDA¥1,928 million
    Year-on-year (%)56.9
  • Core EBITDA margin11.7 %
    Year-on-year change (points)3.5
  • Basic earnings per share¥25.63
  • ROE28.8 %
    Year-on-year change (points)21.7
  • ROIC12.2 %
    Year-on-year change (points)4.1
  • Net debt-to-equity ratio1 x
  • Net debt-to-core EBITDA2.1 x
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Maitake mushrooms
Sales volume vs. prior-year period (%)110.2
Sales volume vs. plan (%)101.8
Selling price per unit vs. prior-year period (%)101.9
Selling price per unit vs. plan (%)104.1
King oyster mushrooms
Sales volume vs. prior-year period (%)103.8
Sales volume vs. plan (%)95.1
Selling price per unit vs. prior-year period (%)103.1
Selling price per unit vs. plan (%)98
Bunashimeji mushrooms
Sales volume vs. prior-year period (%)99.5
Sales volume vs. plan (%)97.1
Selling price per unit vs. prior-year period (%)107.5
Selling price per unit vs. plan (%)105.6
3 other mushroom products
Sales volume vs. prior-year period (%)122.9
Sales volume vs. plan (%)99.1
Selling price per unit vs. prior-year period (%)94.2
Selling price per unit vs. plan (%)88.5
Segment results
Mushroom business
Revenue
¥16,274 million
Year on year against the same period last year+10.0%
Maitake mushrooms
Revenue
¥8,490 million
Year on year against the same period last year+12.3%
King oyster mushrooms
Revenue
¥1,906 million
Year on year against the same period last year+7.1%
Bunashimeji mushrooms
Revenue
¥3,445 million
Year on year against the same period last year+6.2%
Other mushrooms
Revenue
¥2,431 million
Year on year against the same period last year+9.9%
Other Businesses
Revenue
¥208 million
Year on year against the same period last year+30.3%
Medium-term management plan targets
Fiscal year ending March 2028
RevenueMore than ¥42 billion
Overseas revenue ratioAround 6–7%
Core EBITDA marginApproximately 18%
ROICApproximately 10%
Financial targets
ROIC
Target for the fiscal year ending March 2028Approximately 10%
Second-quarter actuals for the fiscal year ending March 202712.2%
ROE
Second-quarter actuals for the fiscal year ending March 202728.8%
Market Size / Share
Maitake mushrooms
Domestic market share51 %
King oyster mushrooms
Domestic market share25 %
Bunashimeji mushrooms
Domestic market share13 %
Hon-shimeji mushrooms
Domestic market share99 %
Hatake-shimeji mushrooms
Domestic market share94 %
Mushrooms
Domestic market share33 %
Number of employees
Changes during the period and hiring planLabor saving of more than 200 people
Capital expenditures
¥1,632 million
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥16,482 million (YoY +10.2%)
Operating profit¥1,749 million (YoY +305.2%)
Net income¥1,022 million (YoY +1,152.2%)
Operating profit margin10.6
Selling, general and administrative expenses¥4,552 million
Results for the three months of the current quarterRevenue ¥8,499 million / Core EBITDA ¥1,097 million
Full-year earnings forecastRevenue ¥39,640 million / Operating profit ¥4,140 million / Pretax profit ¥3,950 million / Profit for the year attributable to owners of the parent ¥2,540 million / Core operating profit ¥3,960 million / Core EBITDA ¥6,450 million
Segment resultsMushroom business Revenue ¥16,274 million / yoy_pct 10 / Maitake mushrooms Revenue ¥8,490 million / yoy_pct 12.3 / King oyster mushrooms Revenue ¥1,906 million / yoy_pct 7.1 / Bunashimeji mushrooms Revenue ¥3,445 million / yoy_pct 6.2 / Other mushrooms Revenue ¥2,431 million / yoy_pct 9.9 / Other Businesses Revenue ¥208 million / yoy_pct 30.3
Breakdown of Factors Affecting the ChangeCore EBITDA YoY Revenue 1,523 / Costs of sales -672 / Selling, general and administrative expenses -151
Key KPIsIndicator name Core operating profit / Value ¥727 million / Year-on-year (%) ¥572.5 million, Indicator name Core EBITDA / Value ¥1,928 million / Year-on-year (%) ¥56.9 million, Indicator name Core EBITDA margin / Value 11.7 % / Year-on-year change (points) 3.5 %, Indicator name Basic earnings per share / Value ¥25.63 / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 28.8 % / Year-on-year change (points) 21.7 %, Indicator name ROIC / Value 12.2 % / Year-on-year change (points) 4.1 %, Indicator name Net debt-to-equity ratio / Value 1 x / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-core EBITDA / Value 2.1 x / Year on year against the same period last year Not disclosed
Unit price and quantity metricsMaitake mushrooms Sales volume vs. prior-year period (%) 110.2 / Sales volume vs. plan (%) 101.8 / Selling price per unit vs. prior-year period (%) 101.9 / Selling price per unit vs. plan (%) 104.1 / King oyster mushrooms Sales volume vs. prior-year period (%) 103.8 / Sales volume vs. plan (%) 95.1 / Selling price per unit vs. prior-year period (%) 103.1 / Selling price per unit vs. plan (%) 98 / Bunashimeji mushrooms Sales volume vs. prior-year period (%) 99.5 / Sales volume vs. plan (%) 97.1 / Selling price per unit vs. prior-year period (%) 107.5 / Selling price per unit vs. plan (%) 105.6 / 3 other mushroom products Sales volume vs. prior-year period (%) 122.9 / Sales volume vs. plan (%) 99.1 / Selling price per unit vs. prior-year period (%) 94.2 / Selling price per unit vs. plan (%) 88.5
Number of employeesNumber of Employees Not disclosed / Changes during the period and hiring plan Labor saving of more than 200 people
Assumptions Underlying the Business OutlookMarket Supply Volume Expected to remain stable / Vegetable prices At risk of fluctuating due to weather and other factors / Consumer Trends A trend toward selective spending / Geopolitical Risk Expected to persist / Labor costs The upward trend is expected to continue
Medium-term management plan targetsFiscal year ending March 2028 Revenue More than ¥42 billion / Overseas revenue ratio Around 6–7% / Core EBITDA margin Approximately 18% / ROIC Approximately 10%
Financial targetsROIC Target for the fiscal year ending March 2028 Approximately 10% / Second-quarter actuals for the fiscal year ending March 2027 12.2% / ROE Second-quarter actuals for the fiscal year ending March 2027 28.8%
Capital expenditures¥1,632 million
Market Size / ShareMaitake mushrooms Domestic market share 51 % / King oyster mushrooms Domestic market share 25 % / Bunashimeji mushrooms Domestic market share 13 % / Hon-shimeji mushrooms Domestic market share 99 % / Hatake-shimeji mushrooms Domestic market share 94 % / Mushrooms Domestic market share 33 %
New initiativesSales and expansion of mushroom-based meat, Research and product development related to the health functionality of maitake mushrooms, Participation in a regional industrial cluster plan, Operational Efficiency Through BPR, Labor saving and energy conservation through new investment
Items this document does not state (11)
Ordinary incomeGross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk 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.

Higher sales volume, sustained high unit prices, an optimized product mix, the acquisition of new customers and expanded sales channels contributed to higher revenue. Although material, utility and freight unit costs increased, the impact was contained by limiting cost increases, improving load efficiency and achieving efficiencies through BPR.

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.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | YUKIGUNI FACTORY CO.,LTD. (1375) timely disclosure | Komori