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.
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 livestock feed business posted higher revenue and profit due to revisions to selling prices and sales focused on profitability. The aquaculture feed business posted higher revenue on increased sales volume, but profit declined due to soaring fishmeal prices. The food business posted higher profit due to increased sales volume in the chicken egg division and lower procurement costs, among other factors.
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| 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 | ¥156,709 million (YoY +10.1%) |
| Operating profit | ¥4,326 million (YoY +32.8%) |
| Ordinary income | ¥4,501 million (YoY +21.2%) |
| Profit attributable to owners of the parent | ¥3,276 million (YoY +14.0%) |
| Net income per share | ¥85.57 |
| Equity ratio | End of the current fiscal period 46.8 / End of previous period 46.4 |
| Total assets | ¥138,187 million |
| Net assets | ¥65,364 million |
| Cash flows from operating activities | ¥657 million |
| Cash flows from investing activities | ¥-2,148 million |
| Cash flows from financing activities | ¥-320 million |
| Cash and cash equivalents at end of period | ¥9,281 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%) / Net income ¥6,500 million (YoY +1.9%) |
| Annual Dividend Forecast | ¥45.50 → ¥52.00 |
| Segment revenue | Livestock Feed Business ¥119,831 million (YoY +9.4%), Aquatic Feed Business ¥15,990 million (YoY +35.4%), Food Business ¥20,883 million (YoY -0.7%) |
| Segment profit | Livestock Feed Business ¥5,735 million (YoY +26.4%), Aquatic Feed Business ¥176 million (YoY -73.6%), Food Business ¥169 million (YoY +203.7%) |
| Depreciation and amortization | ¥2,075 million |
| Impairment loss | There were no applicable items during the interim consolidated accounting period. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥7 million, Gain on sale of investment securities ¥216 million / Extraordinary loss Loss on sale of non-current assets ¥4 million, Loss on retirement of non-current assets ¥25 million |
| Disclosure regarding the going concern assumption | None |
| 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 0 / Excluded 0 / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 38,477,128 |
| Treasury Shares at Period-End | 160,986 |
| Factors Behind Changes in Business Performance | The livestock feed business posted higher revenue and profit due to revisions to selling prices and sales focused on profitability. The aquaculture feed business posted higher revenue on increased sales volume, but profit declined due to soaring fishmeal prices. The food business posted higher profit due to increased sales volume in the chicken egg division and lower procurement costs, among other factors. |
Items this document does not state (7)
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.In the livestock feed business, revisions to selling prices and sales focused on profitability drove the increase in revenue. In the aquaculture feed business, the increase in sales volume drove higher revenue. However, profit declined in the aquaculture feed business due to soaring fishmeal prices, while increased sales volume in the chicken egg division and lower procurement costs, among other factors, drove higher profit in the food business.