Results for this period
Full year1 April 2025–31 March 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.
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.
The Feed Business reported lower revenue as sales volume and average selling prices fell below the levels of the previous year, but profitability improved due to price revisions, stricter profitability management and lower raw material prices. In the Food Business, profitability declined because of higher procurement costs and increased depreciation expense associated with the start-up of the new Magic Pearl plant in the chicken egg division, despite progress in restructuring the earnings structure of the meat division.
Not applicable (no matters to report in the notes on the going concern assumption)
| 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 | ¥290,675 million (YoY -1.8%) |
| Operating profit | ¥8,091 million (YoY +27.6%) |
| Ordinary income | ¥8,612 million (YoY +26.9%) |
| Profit attributable to owners of the parent | ¥6,377 million (YoY +18.4%) |
| Net income per share | ¥166.72 |
| Operating Margin | 2.8% |
| Equity ratio | End of the current fiscal period 46.4% / End of previous period 44.0% |
| Total assets | ¥133,020 million |
| Net assets | ¥62,385 million |
| Cash flows from operating activities | ¥17,090 million |
| Cash flows from investing activities | ¥-11,552 million |
| Cash flows from financing activities | ¥-4,732 million |
| Cash and cash equivalents at end of period | ¥11,093 million |
| Full-year earnings forecast | Net Sales ¥317,000 million (YoY +9.1%) / Operating profit ¥8,500 million (YoY +5.1%) / Ordinary income ¥8,800 million (YoY +2.2%) / Profit attributable to owners of the parent ¥6,500 million (YoY +1.9%) |
| Annual Dividend Forecast | ¥45.5 → ¥52（+14.3%） |
| Payout ratio | 27.3% |
| Segment revenue | Livestock Feed Business ¥223,744 million (YoY -3.7%), Aquatic Feed Business ¥24,863 million (YoY -3.0%), Food Business ¥42,053 million (YoY +10.3%), Other ¥13 million (YoY -9.1%) |
| Segment profit | Livestock Feed Business ¥10,243 million (YoY +20.0%), Aquatic Feed Business ¥1,426 million (YoY +22.6%), Food Business ¥163 million (YoY -42.4%), Other ¥40 million (YoY -61.3%) |
| Depreciation and amortization | ¥3,932 million |
| Impairment loss | ¥4 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥103 million / Extraordinary loss Loss on sale of fixed assets ¥49 million, Loss on Disposal of Fixed Assets ¥58 million, Impairment Losses ¥4 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 4 / Company name 苫小牧飼料株式会社, 東北飼料株式会社, 東海フィードワン販売株式会社, 八戸フィードワン販売株式会社 |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 38,477,128 Shares |
| Treasury Shares at Period-End | 207,984 Shares |
| Factors Behind Changes in Business Performance | The Feed Business reported lower revenue as sales volume and average selling prices fell below the levels of the previous year, but profitability improved due to price revisions, stricter profitability management and lower raw material prices. In the Food Business, profitability declined because of higher procurement costs and increased depreciation expense associated with the start-up of the new Magic Pearl plant in the chicken egg division, despite progress in restructuring the earnings structure of the meat division. |
Items this document does not state (4)
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 Feed Business reported lower revenue due to declines in sales volume and average selling prices, but profitability improved as a result of price revisions reflecting raw material prices, stricter profitability management and lower raw material prices. In the Food Business, profitability declined because procurement costs and depreciation expense associated with the start-up of a new plant increased in the chicken egg division, despite progress in restructuring the earnings structure.