Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 7 May 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Although sales volumes increased, net sales are expected to decline because average selling prices are below the initial forecast. Profit is expected to exceed the forecast because the raw material position for livestock feed in the fourth quarter improved more than expected and increases in variable costs, including electricity and fuel expenses, were also below expectations.
| Item | Details |
|---|---|
| Net Sales | ¥212,000 million → ¥211,000 million（-0.5%） |
| Operating profit | ¥5,200 million → ¥6,500 million（+25.0%） |
| Ordinary income | ¥5,600 million → ¥7,100 million（+26.8%） |
| Profit attributable to owners of the parent | ¥4,100 million → ¥5,500 million（+34.1%） |
| Net income per share | 138.65 yen and sen → 188.81 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 May 2025 |
| Previous-period results | Net sales: ¥209,837 million; operating income: ¥4,281 million; ordinary income: ¥4,815 million; net income attributable to owners of the parent: ¥3,503 million; earnings per share: ¥118.49 (fiscal year ended March 2025) |
| Reason for the revision | Although sales volumes increased, net sales are expected to decline because average selling prices are below the initial forecast. Profit is expected to exceed the forecast because the raw material position for livestock feed in the fourth quarter improved more than expected and increases in variable costs, including electricity and fuel expenses, were also below expectations. |
| Dividend forecast revision | The year-end dividend has been increased from ¥30.00 per share to ¥35.00 per share, and the full-year dividend forecast has been increased from ¥60.00 per share to ¥65.00 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Although sales volumes of livestock and aquatic feed increased, net sales are expected to decline because average selling prices are below the initial forecast. Meanwhile, in the feed business, the raw material position for livestock feed in the fourth quarter improved more than expected, while increases in variable costs, including electricity and fuel expenses, were also below expectations. As a result, profit is expected to exceed the forecast. The dividend increase reflects the Company’s emphasis on shareholder returns and the revision to its earnings forecast.