Worth reading
34Immaterial
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-10.1
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales17,865million yenYear on year -0.6%Progress 24.5%
Operating profit964million yenYear on year -10.1%Progress 23.0%
Ordinary income1,194million yenYear on year -3.6%Progress 25.4%
Net income attributable to owners of the parent822million yenYear on year -3.5%
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 share¥22.58
Financial position at period-end
Total assets64,201million yen
of which net assets 49,363 million yenEquity ratio 76.8%vs. prior year-end -1.7pt
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.
Segment revenue
Flour milling and food business14,82483.0%-1.6%
Food-Service Business3,04317.0%+5.8%
Segment profit
Flour milling and food business93397.3%-6.8%
Food-Service Business262.7%-43.0%
Regional salesDomestic Business Current fiscal year 16,976 million yen / Prior-year period 17,167 million yen / Overseas Operations Current fiscal year 888 million yen / Prior-year period 800 million yen
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%)
Profit attributable to owners of the parent3,300 million yen (YoY -0.6%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast280 yen → 70 yen
Factors Behind Changes in Business Performance
Revenue decreased due to lower wheat flour sales volumes and the exclusion of a transportation business subsidiary from the scope of consolidation. Selling, general and administrative expenses increased due to higher delivery charges, personnel expenses and food costs in the food-service business, resulting in lower operating profit.
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
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 8 million yen / Gain on sale of investment securities 0 million yen / Extraordinary loss Loss on sale of fixed assets 0 million yen / Loss on Disposal of Fixed Assets 15 million yen / Impairment Loss on Investment Securities 1 million yen
Depreciation and amortization422 million yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End37,538,912
Treasury Shares at Period-End1,119,840
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | 17,865 million yen (YoY -0.6%) |
| Operating profit | 964 million yen (YoY -10.1%) |
| Ordinary income | 1,194 million yen (YoY -3.6%) |
| Profit attributable to owners of the parent | 822 million yen (YoY -3.5%) |
| Net income per share | ¥22.58 |
| Equity ratio | End of the current fiscal period 76.8 / End of previous period 78.5 |
| Total assets | 64,201 million yen |
| Net assets | 49,363 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%) / Profit attributable to owners of the parent 3,300 million yen (YoY -0.6%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | 280 yen → 70 yen |
| Segment revenue | Flour milling and food business 14,824 million yen (YoY -1.6%) / Food-Service Business 3,043 million yen (YoY +5.8%) |
| Segment profit | Flour milling and food business 933 million yen (YoY -6.8%) / Food-Service Business 26 million yen (YoY -43.0%) |
| Regional sales | Domestic Business Current fiscal year 16,976 million yen / Prior-year period 17,167 million yen / Overseas Operations Current fiscal year 888 million yen / Prior-year period 800 million yen |
| Depreciation and amortization | 422 million yen |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 8 million yen / Gain on sale of investment securities 0 million yen / Extraordinary loss Loss on sale of fixed assets 0 million yen / Loss on Disposal of Fixed Assets 15 million yen / Impairment Loss on Investment Securities 1 million yen |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 37,538,912 |
| Treasury Shares at Period-End | 1,119,840 |
| Factors Behind Changes in Business Performance | Revenue decreased due to lower wheat flour sales volumes and the exclusion of a transportation business subsidiary from the scope of consolidation. Selling, general and administrative expenses increased due to higher delivery charges, personnel expenses and food costs in the food-service business, resulting in lower operating profit. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders received and order backlogMaterial 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.Sales volumes for the core wheat flour business were slightly below the year-earlier period, and the exclusion of a transportation business subsidiary from the scope of consolidation also reduced revenue. On the earnings side, the increase in selling, general and administrative expenses, driven by higher delivery charges, personnel expenses and food costs in the food-service business, exceeded the increase in gross profit.
How to read this page
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