Worth reading
55In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-1280
Millions of yen (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales72,777million yenYear on year +0.6%Progress 99.7%
Operating profit3,816million yenYear on year -25.1%Progress 90.9%
Ordinary income4,386million yenYear on year -21.1%Progress 93.3%
Net income attributable to owners of the parent3,319million yenYear on year -6.5%Progress 100.6%
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¥91.15
Operating Margin5.2%
Financial position at period-end
Total assets63,742million yen
of which net assets 50,108 million yenEquity ratio 78.5%vs. prior year-end +0.1pt
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+4,667
Investment-903
Financials-2,591
Net change+1,173
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).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 period11,554 million yen
Segment revenue
Flour milling and food business60,50281.6%-0.4%
Food-Service Business12,22116.5%+6.8%
Transportation Business1,4592.0%-28.7%
Segment profit
Flour milling and food business3,52393.3%-23.1%
Food-Service Business2165.7%-47.9%
Transportation Business391.0%-4.6%
Regional sales
Domestic Business69,09494.9%
Overseas Business3,6835.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales73,000 million yen (YoY +0.3%)
Operating profit4,200 million yen (YoY +10.1%)
Ordinary income4,700 million yen (YoY +7.2%)
Net income3,300 million yen (YoY -0.6%)
Annual Dividend Forecast¥280 per share → ¥70 per share（-75.0% (0.0% on a post-split basis)）
Payout ratioFiscal year ending March 2026 76.8% / Fiscal year ending March 2027 (forecast) 77.4%
Shareholder Return PolicyThe policy is to maintain stable dividends while continuing progressive dividend payments. Numerical target: not disclosed.
Factors Behind Changes in Business Performance
Sales increased as sales volumes of wheat flour remained firm, while profit was pressured by higher repair costs for aging equipment, declines in the prices of by-products used in feed formulations, higher indirect costs including freight charges, and increases in labor and food costs in the food-service business.
Disclosure regarding the going concern assumption
Not applicable.
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
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name M&Fロジスティクス株式会社 (formerly 日東富士運輸株式会社)
Material subsequent eventsEffective 1 April 2026, the Company split each common share into 4 shares and changed the authorized number of shares from 30 million to 120 million in connection with the stock split. The purpose was to improve share liquidity and broaden the investor base by lowering the investment unit.
Impairment loss242 million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 4 million yen, Gain on sale of investment securities 785 million yen / Extraordinary loss Loss on Disposal of Fixed Assets 40 million yen, Impairment Losses 242 million yen, Impairment Loss on Investment Securities 0 million yen
Depreciation and amortization1,791 million yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End37,538,912 Shares
Treasury Shares at Period-End1,119,764 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 72,777 million yen (YoY +0.6%) |
| Operating profit | 3,816 million yen (YoY -25.1%) |
| Ordinary income | 4,386 million yen (YoY -21.1%) |
| Profit attributable to owners of the parent | 3,319 million yen (YoY -6.5%) |
| Net income per share | ¥91.15 |
| Operating Margin | 5.2% |
| Equity ratio | End of the current fiscal period 78.5% / End of previous period 78.4% |
| Total assets | 63,742 million yen |
| Net assets | 50,108 million yen |
| Cash flows from operating activities | 4,667 million yen |
| Cash flows from investing activities | -903 million yen |
| Cash flows from financing activities | -2,591 million yen |
| Cash and cash equivalents at end of period | 11,554 million yen |
| Full-year earnings forecast | Net Sales 73,000 million yen (YoY +0.3%) / Operating profit 4,200 million yen (YoY +10.1%) / Ordinary income 4,700 million yen (YoY +7.2%) / Net income 3,300 million yen (YoY -0.6%) |
| Annual Dividend Forecast | ¥280 per share → ¥70 per share（-75.0% (0.0% on a post-split basis)） |
| Payout ratio | Fiscal year ending March 2026 76.8% / Fiscal year ending March 2027 (forecast) 77.4% |
| Shareholder Return Policy | The policy is to maintain stable dividends while continuing progressive dividend payments. Numerical target: not disclosed. |
| Segment revenue | Flour milling and food business 60,502 million yen (YoY -0.4%) / Food-Service Business 12,221 million yen (YoY +6.8%) / Transportation Business 1,459 million yen (YoY -28.7%) |
| Segment profit | Flour milling and food business 3,523 million yen (YoY -23.1%) / Food-Service Business 216 million yen (YoY -47.9%) / Transportation Business 39 million yen (YoY -4.6%) |
| Regional sales | Domestic Business 69,094 million yen / Overseas Business 3,683 million yen |
| Depreciation and amortization | 1,791 million yen |
| Impairment loss | 242 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 4 million yen, Gain on sale of investment securities 785 million yen / Extraordinary loss Loss on Disposal of Fixed Assets 40 million yen, Impairment Losses 242 million yen, Impairment Loss on Investment Securities 0 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name M&Fロジスティクス株式会社 (formerly 日東富士運輸株式会社) |
| Material subsequent events | Effective 1 April 2026, the Company split each common share into 4 shares and changed the authorized number of shares from 30 million to 120 million in connection with the stock split. The purpose was to improve share liquidity and broaden the investor base by lowering the investment unit. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no eligible attendees) |
| Issued Shares at Period-End | 37,538,912 Shares |
| Treasury Shares at Period-End | 1,119,764 Shares |
| Factors Behind Changes in Business Performance | Sales increased as sales volumes of wheat flour remained firm, while profit was pressured by higher repair costs for aging equipment, declines in the prices of by-products used in feed formulations, higher indirect costs including freight charges, and increases in labor and food costs in the food-service business. |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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.Net sales increased, mainly because sales volumes of the Company’s core wheat flour products remained firm. Profit was pressured by higher repair costs for aging equipment, declines in the prices of by-products used in feed formulations, higher indirect costs including freight charges, and increases in labor and food costs in the food-service business. Net profit declined despite the absence of the loss on damages incurred in the previous fiscal year and gains on the sale of investment securities, mainly because impairment losses were recorded on food-service business stores.
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.