Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
The feed business's profit margin improved through increases in compound feed prices in response to higher raw material prices, higher average selling prices, improved raw material positioning and the promotion of value-added sales. In the other businesses, increased sales volume was the primary factor behind higher revenue and profit. Interim net income increased due to the ¥3.113 billion gain on the transfer of a logistics warehouse rental property.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥112,788 million (YoY +9.5%) |
| Operating profit | ¥3,001 million (YoY +24.3%) |
| Ordinary income | ¥3,384 million (YoY +24.2%) |
| Profit attributable to owners of the parent | ¥4,824 million (YoY +131.6%) |
| Net income per share | ¥168.11 |
| Equity ratio | End of the current fiscal period 68 / End of previous period 66.8 |
| Total assets | ¥113,032 million |
| Net assets | ¥76,982 million |
| Full-year earnings forecast | Net Sales ¥221,000 million (YoY +4.3%) / Operating profit ¥5,900 million (YoY -10.4%) / Ordinary income ¥6,200 million (YoY -13.5%) / Net income ¥6,900 million (YoY +24.3%) |
| Annual Dividend Forecast | ¥65 → ¥76 |
| Segment revenue | Feed ¥101,858 million (YoY +8.4%), Other ¥10,929 million (YoY +20.9%) |
| Segment profit | Feed ¥2,898 million (YoY +14.7%), Other ¥762 million (YoY +57.5%) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3,120 million, Gain on sale of investment securities ¥401 million, Gain on sale of investments in an affiliated company ¥200 million / Extraordinary loss Loss on disposal and sale of property, plant and equipment ¥0 million, Loss on sale of shares in affiliated companies ¥2 million, Loss on valuation of golf membership rights ¥3 million |
| 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 | No material changes (the number and names of additions and exclusions are not disclosed) |
| Material subsequent events | 中部飼料（海南）有限公司 was established on 8 October 2026. In addition, the Board of Directors resolved at its meeting held on 30 October 2026 to repurchase up to 1.1 million shares for a maximum of ¥2.6 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No (a financial results briefing video is scheduled to be posted on the company's website) |
| Issued Shares at Period-End | 30,371,908 shares |
| Treasury Shares at Period-End | 1,665,805 shares |
| Factors Behind Changes in Business Performance | The feed business's profit margin improved through increases in compound feed prices in response to higher raw material prices, higher average selling prices, improved raw material positioning and the promotion of value-added sales. In the other businesses, increased sales volume was the primary factor behind higher revenue and profit. Interim net income increased due to the ¥3.113 billion gain on the transfer of a logistics warehouse rental property. |
Items this document does not state (12)
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 factors behind the improvement in results were the increase in compound feed prices in response to higher raw material prices, including corn prices, yen depreciation and soaring ocean freight rates; higher average selling prices; and improved margins resulting from better raw material positioning and the promotion of value-added sales. The significant increase in interim net income attributable to owners of the parent was due to the recognition of a ¥3.113 billion gain on the transfer of a logistics warehouse rental property in Yokohama as extraordinary income.