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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, revenue was nearly flat, down 0.3% year on year, while operating profit changed from a ¥15 million profit to an ¥86 million loss. The company has revised its full-year earnings forecast downward in light of lower revenue from the direct-sales business and higher costs for feed and packaging materials.

Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-86
Millions of yen
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales4,060Millions of yenYear on year -0.3%Progress 48.8%
Operating profit-86Millions of yen
Ordinary income-48Millions of yen
Net income attributable to owners of the parent-37Millions of yen

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share-¥8.96
Financial position at period-end
Total assets7,102,200¥ thousand
of which net assets 2,136,424 ¥ thousandEquity ratio 30.0%vs. prior year-end -1.2pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-58,603
Investment-270,486
Financials+168,727
Net change-160,362

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥745,595 thousand
Segment revenueProduction and wholesale business ¥3,286,311 thousand (YoY +1.4%), Direct sales business ¥773,768 thousand (YoY -7.1%)
Segment profitProduction and wholesale business ¥184,939 thousand (YoY -19.5%), Direct sales business ¥-30,057 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales8,320 Millions of yen (YoY +0.5%)
Operating profit-44 Millions of yen
Ordinary income40 Millions of yen (YoY -78.2%)
Net income11 Millions of yen (YoY -48.1%)
Revision to Earnings ForecastNot disclosed → Net Sales 8,320 / Operating profit -44 / Ordinary income 40 / Net income 11
Annual Dividend Forecast10 Yen → 10 Yen(0.0%)
Factors Behind Changes in Business Performance

Despite the effects of price revisions and improved earnings at the Chinese subsidiary, profit declined due to lower revenue from the direct-sales business, a substantial increase in feed prices, higher prices for packaging materials and other items due to the surge in naphtha prices, lower yields resulting from reduced shipping weights for young chickens during the summer, and higher procurement prices and labor costs.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets ¥398 thousand / Extraordinary loss Loss on sale of non-current assets ¥792 thousand, Loss on disposal of fixed assets ¥1,018 thousand
Depreciation and amortization¥232,897 thousand
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End4,179,000 shares
Treasury Shares at Period-End9,878 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales4,060 Millions of yen (YoY -0.3%)
Operating profit-86 Millions of yen
Ordinary income-48 Millions of yen
Profit attributable to owners of the parent-37 Millions of yen
Net income per share-¥8.96
Equity ratioEnd of the current fiscal period 30.0% / End of previous period 31.2%
Total assets¥7,102,200 thousand
Net assets¥2,136,424 thousand
Cash flows from operating activities¥-58,603 thousand
Cash flows from investing activities¥-270,486 thousand
Cash flows from financing activities¥168,727 thousand
Cash and cash equivalents at end of period¥745,595 thousand
Full-year earnings forecastNet Sales 8,320 Millions of yen (YoY +0.5%) / Operating profit -44 Millions of yen / Ordinary income 40 Millions of yen (YoY -78.2%) / Net income 11 Millions of yen (YoY -48.1%)
Revision to Earnings ForecastNot disclosed → Net Sales 8,320 / Operating profit -44 / Ordinary income 40 / Net income 11
Annual Dividend Forecast10 Yen → 10 Yen(0.0%)
Segment revenueProduction and wholesale business ¥3,286,311 thousand (YoY +1.4%), Direct sales business ¥773,768 thousand (YoY -7.1%)
Segment profitProduction and wholesale business ¥184,939 thousand (YoY -19.5%), Direct sales business ¥-30,057 thousand
Depreciation and amortization¥232,897 thousand
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets ¥398 thousand / Extraordinary loss Loss on sale of non-current assets ¥792 thousand, Loss on disposal of fixed assets ¥1,018 thousand
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End4,179,000 shares
Treasury Shares at Period-End9,878 shares
Factors Behind Changes in Business PerformanceDespite the effects of price revisions and improved earnings at the Chinese subsidiary, profit declined due to lower revenue from the direct-sales business, a substantial increase in feed prices, higher prices for packaging materials and other items due to the surge in naphtha prices, lower yields resulting from reduced shipping weights for young chickens during the summer, and higher procurement prices and labor costs.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events

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.

Although sales of frozen processed foods and the effects of price revisions, as well as improved earnings at the Chinese subsidiary, had a positive impact, profits were pressured by lower revenue from the direct-sales business, a substantial increase in feed prices, higher prices for packaging materials and other items due to the surge in naphtha prices, and lower yields resulting from reduced shipping weights for young chickens during the summer. The company cited the expected continuation of lower revenue from the direct-sales business in the second half and further feed price increases from October onward as reasons for its full-year forecast revision.

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 for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | AKIKAWA FOODS & FARMS CO.,LTD. (1380) timely disclosure | Komori