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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending November 2026 [Japanese GAAP] (Non-consolidated)

For the six months ended May 2026, revenue increased 14.6% year on year and operating profit increased 36.4%, with profit growth outpacing revenue growth. The full-year earnings forecast remains unchanged, but the annual dividend forecast has been raised from ¥40, the previous fiscal year's actual dividend, to ¥48.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
36.4
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 December 2025–31 May 2026Non-consolidated (standalone)Japanese GAAP
Net Sales1,632¥ millionYear on year +14.6%Progress 51.0%
Operating profit180¥ millionYear on year +36.4%Progress 74.4%
Ordinary income178¥ millionYear on year +38.3%Progress 74.8%
Net income attributable to owners of the parent137¥ millionYear on year +55.0%Progress 107.9%

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¥138.12
Financial position at period-end
Total assets2,884¥ million
of which net assets 1,407 ¥ millionEquity ratio 48.8%vs. prior year-end -0.6pt

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+210,791
Investment-60,193
Financials+58,558
Net change+209,156

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¥1,597,288 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥3,200 million (YoY +11.8%)
Operating profit¥242 million (YoY +7.5%)
Ordinary income¥238 million (YoY +7.7%)
Net income¥127 million (YoY +24.0%)
Annual Dividend Forecast¥40 → ¥48(+20.0%)
Factors Behind Changes in Business Performance

Measures to expand brand recognition, including expanding inbound demand and resilient personal consumption, proprietary events, limited-time menus, improvements in QSC, and participation in music festivals. The company opened 1 new franchise store and closed 2 company-operated stores. Rising raw material and energy prices, labor costs, and recruitment costs were a burden.

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)Extraordinary income Not disclosed / Extraordinary loss Loss on disposal and sale of non-current assets ¥0 thousand, Loss on closure of stores -, Provision for store closure losses ¥370 thousand
Depreciation and amortization¥69,594 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End992,000 shares
Treasury Shares at Period-End0 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 December 2025–31 May 2026
Net Sales¥1,632 million (YoY +14.6%)
Operating profit¥180 million (YoY +36.4%)
Ordinary income¥178 million (YoY +38.3%)
Profit attributable to owners of the parent¥137 million (YoY +55.0%)
Net income per share¥138.12
Equity ratioEnd of the current fiscal period 48.8 / End of previous period 49.4
Total assets¥2,884 million
Net assets¥1,407 million
Cash flows from operating activities¥210,791 thousand
Cash flows from investing activities¥-60,193 thousand
Cash flows from financing activities¥58,558 thousand
Cash and cash equivalents at end of period¥1,597,288 thousand
Full-year earnings forecastNet Sales ¥3,200 million (YoY +11.8%) / Operating profit ¥242 million (YoY +7.5%) / Ordinary income ¥238 million (YoY +7.7%) / Net income ¥127 million (YoY +24.0%)
Annual Dividend Forecast¥40 → ¥48(+20.0%)
Depreciation and amortization¥69,594 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on disposal and sale of non-current assets ¥0 thousand, Loss on closure of stores -, Provision for store closure losses ¥370 thousand
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 MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End992,000 shares
Treasury Shares at Period-End0 shares
Factors Behind Changes in Business PerformanceMeasures to expand brand recognition, including expanding inbound demand and resilient personal consumption, proprietary events, limited-time menus, improvements in QSC, and participation in music festivals. The company opened 1 new franchise store and closed 2 company-operated stores. Rising raw material and energy prices, labor costs, and recruitment costs were a burden.
Items this document does not state (11)
Operating MarginRevision 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.

In addition to expanding inbound demand and resilient personal consumption, the company implemented measures including events unique to each store, limited-time menu offerings, improvements in QSC, and opening locations at music festivals. It opened 1 new franchise store while closing 2 company-operated stores. Rising raw material and energy prices, labor costs, and recruitment costs continued to weigh on results.

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 November 2026 [Japanese GAAP] (Non-consolidated) | Hikari Food Service Co.,Ltd. (138A) timely disclosure | Komori