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Results1384Hokuryo Co.,Ltd.Food

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

For the six months ended 30 September 2026, revenue increased 3.3% year on year, while operating profit, ordinary profit and interim net profit each declined by approximately 7–8%. The full-year earnings forecast and annual dividend forecast were revised, with the full-year operating profit forecast set at ¥4,010 million and the annual dividend forecast at ¥100.

Worth reading
61In 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
7.8
% (year-on-year decline in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026Non-consolidated (individual)Japanese GAAP
Net Sales11,919¥ millionYear on year +3.3%Progress 50.6%
Operating profit2,323¥ millionYear on year -7.8%Progress 57.9%
Ordinary income2,374¥ millionYear on year -7.3%Progress 57.9%
Net income attributable to owners of the parent1,649¥ millionYear on year -7.8%Progress 58.5%

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 share195.00 yen
Financial position at period-end
Total assets23,293¥ million
of which net assets 18,097 ¥ millionEquity ratio 77.7%vs. prior year-end +2.8pt

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+1,497
Investment-4,266
Financials-1,236
Net change-4,005

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¥3,298 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥23,570 million (YoY +2.0%)
Operating profit¥4,010 million (YoY -19.2%)
Ordinary income¥4,100 million (YoY -18.8%)
Net income¥2,820 million (YoY -27.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 23,570 (YoY +2.0%) / Operating profit 4,010 (YoY -19.2%) / Ordinary income 4,100 (YoY -18.8%) / Net income 2,820 (YoY -27.0%)
Annual Dividend Forecast130 yen → 100 yen(-23.1%)
Factors Behind Changes in Business Performance

Although egg sales volume declined slightly from the same period a year earlier, the company focused on revising selling prices against a backdrop of higher feed, logistics and packaging costs. Feed prices increased due to higher market prices for corn and soybean meal and the weaker yen, and actual costs exceeded those of the same period a year earlier.

Disclosure regarding the going concern assumption

None ("There are 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)Extraordinary income Item Gain on sale of property, plant and equipment / Amount ¥2 million, Item Insurance proceeds received / Amount ¥4 million, Item Subsidy income / Amount ¥146 million, Item Other / Amount ¥0 million / Extraordinary loss Item Loss on disposal of non-current assets / Amount ¥98 million, Item Other / Amount ¥6 million
Depreciation and amortization¥626 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End8,459,000 shares
Treasury Shares at Period-End162 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (individual)
Period Covered1 April 2026–30 September 2026
Net Sales¥11,919 million (YoY +3.3%)
Operating profit¥2,323 million (YoY -7.8%)
Ordinary income¥2,374 million (YoY -7.3%)
Profit attributable to owners of the parent¥1,649 million (YoY -7.8%)
Net income per share195.00 yen
Equity ratioEnd of the current fiscal period 77.7 / End of previous period 74.9
Total assets¥23,293 million
Net assets¥18,097 million
Cash flows from operating activities¥1,497 million
Cash flows from investing activities¥-4,266 million
Cash flows from financing activities¥-1,236 million
Cash and cash equivalents at end of period¥3,298 million
Full-year earnings forecastNet Sales ¥23,570 million (YoY +2.0%) / Operating profit ¥4,010 million (YoY -19.2%) / Ordinary income ¥4,100 million (YoY -18.8%) / Net income ¥2,820 million (YoY -27.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 23,570 (YoY +2.0%) / Operating profit 4,010 (YoY -19.2%) / Ordinary income 4,100 (YoY -18.8%) / Net income 2,820 (YoY -27.0%)
Annual Dividend Forecast130 yen → 100 yen(-23.1%)
Depreciation and amortization¥626 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of property, plant and equipment / Amount ¥2 million, Item Insurance proceeds received / Amount ¥4 million, Item Subsidy income / Amount ¥146 million, Item Other / Amount ¥0 million / Extraordinary loss Item Loss on disposal of non-current assets / Amount ¥98 million, Item Other / Amount ¥6 million
Disclosure regarding the going concern assumptionNone ("There are no 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 BriefingNo
Issued Shares at Period-End8,459,000 shares
Treasury Shares at Period-End162 shares
Factors Behind Changes in Business PerformanceAlthough egg sales volume declined slightly from the same period a year earlier, the company focused on revising selling prices against a backdrop of higher feed, logistics and packaging costs. Feed prices increased due to higher market prices for corn and soybean meal and the weaker yen, and actual costs exceeded those of the same period a year earlier.
Items this document does not state (10)
Operating MarginPayout 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 egg sales volume declined slightly from the same period a year earlier, the company focused on revising selling prices against a backdrop of higher feed, logistics and packaging costs. Feed prices also increased due to higher market prices for corn and soybean meal and the weaker yen, causing actual costs to exceed those of the same period a year earlier.

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] (Non-consolidated) | Hokuryo Co.,Ltd. (1384) timely disclosure | Komori