Worth reading
36Immaterial
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
200
¥100 millionWording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportInterim period of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥441,756 million+2.4%
Operating profit¥22,823 million+0.8%
Ordinary income¥24,036 million-3.0%
Net income¥18,154 million+75.8%
Full-year earnings forecast
Net Sales
¥900.0 billion
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rateDetailsWeaker yen trend than initially forecast
- Wheat pricesDetailsSurge
New initiatives
- Share repurchases of up to ¥20 billion
- Shareholder returns consisting of an increase of ¥5 per share in the annual dividend from the previous fiscal year, to ¥65 per share
Annual Dividend
Annual¥65
Payout ratio
Approximately 50% (through the fiscal year ending March 2027, excluding profit and loss from non-recurring special factors)Acquisition of treasury shares
Total acquisition price¥20 billion
Total number acquired14 million shares
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Net Sales | ¥441,756 million (YoY +2.4%) |
| Operating profit | ¥22,823 million (YoY +0.8%) |
| Ordinary income | ¥24,036 million (YoY -3.0%) |
| Net income | ¥18,154 million (YoY +75.8%) |
| Full-year earnings forecast | Net Sales ¥900.0 billion / Operating profit Not disclosed / Ordinary income Not disclosed / Profit attributable to owners of the parent Not disclosed |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Details Weaker yen trend than initially forecast, Item Wheat prices / Details Surge |
| Annual Dividend | Annual ¥65 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Approximately 50% (through the fiscal year ending March 2027, excluding profit and loss from non-recurring special factors) |
| Acquisition of treasury shares | Total acquisition price ¥20 billion / Total number acquired 14 million shares / Acquisition period Not disclosed |
| New initiatives | Share repurchases of up to ¥20 billion, Shareholder returns consisting of an increase of ¥5 per share in the annual dividend from the previous fiscal year, to ¥65 per share |
Items this document does not state (19)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 the interim period, increased shipments resulting from stronger U.S. production capacity in the overseas milling business, foreign exchange translation effects, and increased shipments in the yeast, health and biotechnology businesses contributed to higher revenue and operating profit. On the other hand, higher costs due to the situation in the Middle East, lower sales in the prepared and ready-to-eat foods businesses due to adverse weather, and lower equity-method investment gains put downward pressure on profit. The full-year revenue forecast was revised because the yen is trending weaker than initially forecast and wheat prices have surged.
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.