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Earnings Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, revenue remained roughly at the prior-year level, while operating profit and all profit levels below it increased, driven by product price revisions and improved performance at overseas subsidiaries and in the food-service business.

Worth reading
40Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
18.2
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales35,502¥ millionYear on year +0.3%Progress 48.6%
Operating profit1,902¥ millionYear on year +18.2%Progress 45.3%
Ordinary income2,254¥ millionYear on year +20.3%Progress 48.0%
Net income attributable to owners of the parent1,479¥ millionYear on year +29.5%

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¥40.64
Financial position at period-end
Total assets63,010¥ million
of which net assets 50,047 ¥ millionEquity ratio 79.3%vs. prior year-end +0.8pt

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+1,061
Investment-1,751
Financials-1,279
Net change-1,969

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¥9,601 million
Segment revenue
Flour milling and food business29,42182.9%
Foodservice Business6,08517.1%
Segment profit
Flour milling and food business1,82696.5%
Foodservice Business663.5%
Regional sales
Domestic Business33,44094.2%
Overseas Operations2,0625.8%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥73,000 million (YoY +0.3%)
Operating profit¥4,200 million (YoY +10.1%)
Ordinary income¥4,700 million (YoY +7.2%)
Profit attributable to owners of the parent¥3,300 million (YoY -0.6%)
Revision to Earnings ForecastNone
Annual Dividend Forecast¥280 → ¥70
Factors Behind Changes in Business Performance

The removal of a subsidiary from consolidation and the decline in flour sales volumes pushed revenue down, while higher selling prices per unit following product price revisions, solid performance at overseas subsidiaries, and new store openings and improved profitability in the food-service business contributed to higher profit.

Disclosure regarding the going concern assumption

There are no applicable matters.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable
Impairment loss¥54 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥8 million, Item Gain on sale of investment securities / Amount ¥0 million / Extraordinary loss Item Loss on sale of fixed assets / Amount ¥1 million, Item Loss on disposal of fixed assets / Amount ¥40 million, Item Impairment loss / Amount ¥54 million, Item Impairment Loss on Investment Securities / Amount ¥2 million
Depreciation and amortization¥855 million
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End37,538,912 Shares
Treasury Shares at Period-End1,119,888 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥35,502 million (YoY +0.3%)
Operating profit¥1,902 million (YoY +18.2%)
Ordinary income¥2,254 million (YoY +20.3%)
Profit attributable to owners of the parent¥1,479 million (YoY +29.5%)
Net income per share¥40.64
Equity ratioEnd of the current fiscal period 79.3% / End of previous period 78.5%
Total assets¥63,010 million
Net assets¥50,047 million
Cash flows from operating activities¥1,061 million
Cash flows from investing activities¥-1,751 million
Cash flows from financing activities¥-1,279 million
Cash and cash equivalents at end of period¥9,601 million
Full-year earnings forecastNet Sales ¥73,000 million (YoY +0.3%) / Operating profit ¥4,200 million (YoY +10.1%) / Ordinary income ¥4,700 million (YoY +7.2%) / Profit attributable to owners of the parent ¥3,300 million (YoY -0.6%)
Revision to Earnings ForecastNone
Annual Dividend Forecast¥280 → ¥70
Segment revenueSegment Flour milling and food business / Net Sales ¥29,421 million / yoy_pct -1.3, Segment Foodservice Business / Net Sales ¥6,085 million / yoy_pct 9.5
Segment profitSegment Flour milling and food business / Segment profit ¥1,826 million / yoy_pct 18.1, Segment Foodservice Business / Segment profit ¥66 million / yoy_pct Not disclosed
Regional salesRegion Domestic Business / Net Sales ¥33,440 million, Region Overseas Operations / Net Sales ¥2,062 million
Depreciation and amortization¥855 million
Impairment loss¥54 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥8 million, Item Gain on sale of investment securities / Amount ¥0 million / Extraordinary loss Item Loss on sale of fixed assets / Amount ¥1 million, Item Loss on disposal of fixed assets / Amount ¥40 million, Item Impairment loss / Amount ¥54 million, Item Impairment Loss on Investment Securities / Amount ¥2 million
Disclosure regarding the going concern assumptionThere are no applicable matters.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End37,538,912 Shares
Treasury Shares at Period-End1,119,888 Shares
Factors Behind Changes in Business PerformanceThe removal of a subsidiary from consolidation and the decline in flour sales volumes pushed revenue down, while higher selling prices per unit following product price revisions, solid performance at overseas subsidiaries, and new store openings and improved profitability in the food-service business contributed to higher profit.
Items this document does not state (5)
Operating MarginPayout 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.

The removal from consolidation of a subsidiary that had undergone a partial share transfer in the previous fiscal year, along with a decline in flour sales volumes, pushed revenue down. However, product price revisions to offset higher raw material prices, logistics costs and other expenses increased selling prices per unit, while solid performance at overseas subsidiaries and new store openings and improved profitability in the food-service business also contributed. Despite higher expenses from repairs and capital expenditures and the posting of extraordinary losses, operating profit and net income increased.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NITTO FUJI FLOUR MILLING CO.,LTD. (2003) timely disclosure | Komori