Komori
Earnings1384Hokuryo Co.,Ltd.Food

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Non-consolidated)

For the fiscal year ended March 2026, net sales increased 19.1% and operating income increased 157.8%, due to higher egg prices and revisions to selling prices. For the fiscal year ending March 2027, the Company expects lower sales and lower earnings, assuming a decline in egg prices and higher costs, and forecasts an annual dividend of ¥80.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
157.8
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026Non-consolidated (standalone)Japanese GAAP
Net Sales23,107¥ millionYear on year +19.1%Progress 102.7%
Operating profit4,965¥ millionYear on year +157.8%Progress 149.1%
Ordinary income5,046¥ millionYear on year +152.2%Progress 148.0%
Net income attributable to owners of the parent3,862¥ millionYear on year +77.0%Progress 170.1%

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¥456.65
Operating Margin21.5%
Financial position at period-end
Total assets23,402¥ million
of which net assets 17,518 ¥ millionEquity ratio 74.9%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+6,087
Investment-2,065
Financials-911
Net change+3,111

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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¥7,304 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥22,500 million (YoY -2.6%)
Operating profit¥3,330 million (YoY -32.9%)
Ordinary income¥3,410 million (YoY -32.4%)
Net income¥2,270 million (YoY -41.2%)
Annual Dividend Forecast¥130 → ¥80(-38.5%)
Payout ratioCurrent fiscal year 28.5 % / Next-year forecast 29.8 %
Shareholder Return PolicyTarget payout ratio of approximately 30%
Factors Behind Changes in Business Performance

The spread of highly pathogenic avian influenza, which kept egg prices firm, revisions to selling prices, and the Company's focus on expanding sales of differentiated eggs.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million, Item Insurance proceeds received / Amount ¥1 million, Item Government subsidies / Amount ¥117 million, Item Livestock epidemic prevention mutual aid payment / Amount ¥209 million, Item Refund from the egg price stabilization fund / Amount ¥249 million, Item Total extraordinary income / Amount ¥578 million / Extraordinary loss Item Loss on sale of fixed assets / Amount ¥0 million, Item Loss on Disposal of Fixed Assets / Amount ¥137 million, Item Settlement Payments / Amount ¥80 million, Item Other / Amount ¥1 million, Item Total extraordinary loss / Amount ¥218 million
Depreciation and amortization¥1,165 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no attendees specified)
Issued Shares at Period-End8,459,000
Treasury Shares at Period-End162
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 April 2025–31 March 2026
Net Sales¥23,107 million (YoY +19.1%)
Operating profit¥4,965 million (YoY +157.8%)
Ordinary income¥5,046 million (YoY +152.2%)
Profit attributable to owners of the parent¥3,862 million (YoY +77.0%)
Net income per share¥456.65
Operating Margin21.5%
Equity ratioEnd of the current fiscal period 74.9 / End of previous period 73.7
Total assets¥23,402 million
Net assets¥17,518 million
Cash flows from operating activities¥6,087 million
Cash flows from investing activities¥-2,065 million
Cash flows from financing activities¥-911 million
Cash and cash equivalents at end of period¥7,304 million
Full-year earnings forecastNet Sales ¥22,500 million (YoY -2.6%) / Operating profit ¥3,330 million (YoY -32.9%) / Ordinary income ¥3,410 million (YoY -32.4%) / Net income ¥2,270 million (YoY -41.2%)
Annual Dividend Forecast¥130 → ¥80(-38.5%)
Payout ratioCurrent fiscal year 28.5 % / Next-year forecast 29.8 %
Shareholder Return PolicyTarget payout ratio of approximately 30%
Depreciation and amortization¥1,165 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million, Item Insurance proceeds received / Amount ¥1 million, Item Government subsidies / Amount ¥117 million, Item Livestock epidemic prevention mutual aid payment / Amount ¥209 million, Item Refund from the egg price stabilization fund / Amount ¥249 million, Item Total extraordinary income / Amount ¥578 million / Extraordinary loss Item Loss on sale of fixed assets / Amount ¥0 million, Item Loss on Disposal of Fixed Assets / Amount ¥137 million, Item Settlement Payments / Amount ¥80 million, Item Other / Amount ¥1 million, Item Total extraordinary loss / Amount ¥218 million
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no attendees specified)
Issued Shares at Period-End8,459,000
Treasury Shares at Period-End162
Factors Behind Changes in Business PerformanceThe spread of highly pathogenic avian influenza, which kept egg prices firm, revisions to selling prices, and the Company's focus on expanding sales of differentiated eggs.
Items this document does not state (7)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation

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.

The Company cited firm egg prices resulting from the spread of highly pathogenic avian influenza, revisions to selling prices to address higher logistics and labor costs, and its focus on expanding sales of differentiated eggs. For the next fiscal year, it cited the recovery of supply capacity through the reintroduction of laying hens, a decline in egg prices, foreign exchange rates and grain prices affecting feed costs, and higher logistics and labor costs.

How to read this page

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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 Fiscal Year Ending March 2026 [Japanese GAAP] (Non-consolidated) | Hokuryo Co.,Ltd. (1384) timely disclosure | Komori