Komori
Earnings1384Hokuryo Co.,Ltd.Food

Q1 Financial Results for the Fiscal Year Ending March 2027 [Japanese GAAP] (Non-consolidated)

Although net sales were broadly in line with the same period of the previous year, operating income, ordinary income and net income all fell below the previous year’s levels. The full-year forecasts remain unchanged, while the annual dividend forecast has been reduced to ¥80 from the previous fiscal year’s actual dividend of ¥130.

Worth reading
44Recurring
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
-14.8
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026Non-consolidated (standalone)Japanese GAAP
Net Sales5,865¥ millionYear on year 0.0%Progress 26.1%
Operating profit1,112¥ millionYear on year -14.8%Progress 33.4%
Ordinary income1,138¥ millionYear on year -14.3%Progress 33.4%
Net income attributable to owners of the parent800¥ millionYear on year -16.3%Progress 35.2%

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¥94.68
Financial position at period-end
Total assets22,262¥ million
of which net assets 17,206 ¥ millionEquity ratio 77.3%vs. prior year-end +2.4pt

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.

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
Factors Behind Changes in Business Performance

Although sales volume declined slightly compared with the same quarter of the previous year, net sales were broadly in line with the previous year as a result of efforts to revise selling prices. Feed prices rose by ¥1,250 per ton from the previous fiscal year, and compensation of ¥2,950 per ton was provided by the Feed Price Stabilization Fund.

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
Breakdown of extraordinary income (loss)Gain on sale of non-current assets ¥0 million, Subsidy Income ¥94 million, Other ¥4 million, Loss on Disposal of Fixed Assets ¥58 million, Other ¥4 million
Depreciation and amortization¥294 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End8,459,000
Treasury Shares at Period-End162
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 April 2026 to 30 June 2026
Net Sales¥5,865 million (YoY 0.0%)
Operating profit¥1,112 million (YoY -14.8%)
Ordinary income¥1,138 million (YoY -14.3%)
Profit attributable to owners of the parent¥800 million (YoY -16.3%)
Net income per share¥94.68
Equity ratioEnd of the current fiscal period 77.3 / End of previous period 74.9
Total assets¥22,262 million
Net assets¥17,206 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
Depreciation and amortization¥294 million
Breakdown of extraordinary income (loss)Gain on sale of non-current assets ¥0 million, Subsidy Income ¥94 million, Other ¥4 million, Loss on Disposal of Fixed Assets ¥58 million, Other ¥4 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
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End8,459,000
Treasury Shares at Period-End162
Factors Behind Changes in Business PerformanceAlthough sales volume declined slightly compared with the same quarter of the previous year, net sales were broadly in line with the previous year as a result of efforts to revise selling prices. Feed prices rose by ¥1,250 per ton from the previous fiscal year, and compensation of ¥2,950 per ton was provided by the Feed Price Stabilization Fund.
Items this document does not state (15)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationMaterial 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 volume declined slightly year on year, net sales were maintained through efforts to revise selling prices. Feed prices rose by ¥1,250 per ton from the previous fiscal year, and compensation of ¥2,950 per ton was provided by the Feed Price Stabilization Fund.

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Q1 Financial Results for the Fiscal Year Ending March 2027 [Japanese GAAP] (Non-consolidated) | Hokuryo Co.,Ltd. (1384) timely disclosure | Komori