Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5.9
% (year-on-year decline in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales31,027¥ millionYear on year -5.9%Progress 45.0%
Operating profit486¥ millionProgress 37.4%
Ordinary income856¥ millionYear on year +215.3%Progress 47.6%
Net income attributable to owners of the parent4,501¥ millionYear on year +280.2%
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¥126.80
Financial position at period-end
Total assets95,934¥ million
of which net assets 77,764 ¥ millionEquity ratio 81.1%vs. prior year-end +1.8pt
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+4,438
Investment+8,336
Financials-5,900
Net change+6,874
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¥11,430 million
Segment revenueSugar ¥21,003 million (YoY -13.1%), Food ¥1,524 million (YoY +10.7%), Feed ¥5,575 million (YoY +9.6%), Agricultural Materials ¥1,629 million (YoY +34.3%), Real estate ¥612 million (YoY +9.0%), Other ¥682 million (YoY +21.3%)
Segment profitSugar ¥112 million, Food ¥24 million (YoY -73.3%), Feed ¥-102 million, Agricultural Materials ¥128 million, Real estate ¥349 million (YoY +33.6%), Other ¥-107 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥69,000 million (YoY +0.4%)
Operating profit¥1,300 million
Ordinary income¥1,800 million (YoY +137.2%)
Profit attributable to owners of the parent¥4,800 million (YoY -4.6%)
Annual Dividend Forecast¥160 → ¥90
Factors Behind Changes in Business Performance
The decline in net sales was mainly due to lower sales in the sugar business. The increase in operating profit was due to improved earnings in the sugar, agricultural materials and real estate businesses. The increase in interim net income attributable to owners of the parent was due to the recognition of gains on sales of investment securities.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsEffective 1 October 2026, the company split each common share into 3 shares and accordingly changed the total number of authorized shares under its Articles of Incorporation from 20 million to 60 million.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million, Gain on sale of investment securities ¥5,577 million / Extraordinary loss Loss on disposal of fixed assets ¥22 million
Depreciation and amortization¥1,002 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End36,922,767 Shares
Treasury Shares at Period-End2,157,342 Shares
| 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 | ¥31,027 million (YoY -5.9%) |
| Operating profit | ¥486 million |
| Ordinary income | ¥856 million (YoY +215.3%) |
| Profit attributable to owners of the parent | ¥4,501 million (YoY +280.2%) |
| Net income per share | ¥126.80 |
| Equity ratio | End of the current fiscal period 81.1% / End of previous period 79.3% |
| Total assets | ¥95,934 million |
| Net assets | ¥77,764 million |
| Cash flows from operating activities | ¥4,438 million |
| Cash flows from investing activities | ¥8,336 million |
| Cash flows from financing activities | ¥-5,900 million |
| Cash and cash equivalents at end of period | ¥11,430 million |
| Full-year earnings forecast | Net Sales ¥69,000 million (YoY +0.4%) / Operating profit ¥1,300 million / Ordinary income ¥1,800 million (YoY +137.2%) / Profit attributable to owners of the parent ¥4,800 million (YoY -4.6%) |
| Annual Dividend Forecast | ¥160 → ¥90 |
| Segment revenue | Sugar ¥21,003 million (YoY -13.1%), Food ¥1,524 million (YoY +10.7%), Feed ¥5,575 million (YoY +9.6%), Agricultural Materials ¥1,629 million (YoY +34.3%), Real estate ¥612 million (YoY +9.0%), Other ¥682 million (YoY +21.3%) |
| Segment profit | Sugar ¥112 million, Food ¥24 million (YoY -73.3%), Feed ¥-102 million, Agricultural Materials ¥128 million, Real estate ¥349 million (YoY +33.6%), Other ¥-107 million |
| Depreciation and amortization | ¥1,002 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3 million, Gain on sale of investment securities ¥5,577 million / Extraordinary loss Loss on disposal of fixed assets ¥22 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Effective 1 October 2026, the company split each common share into 3 shares and accordingly changed the total number of authorized shares under its Articles of Incorporation from 20 million to 60 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 36,922,767 Shares |
| Treasury Shares at Period-End | 2,157,342 Shares |
| Factors Behind Changes in Business Performance | The decline in net sales was mainly due to lower sales in the sugar business. The increase in operating profit was due to improved earnings in the sugar, agricultural materials and real estate businesses. The increase in interim net income attributable to owners of the parent was due to the recognition of gains on sales of investment securities. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Net sales declined mainly because of lower sales in the sugar business. Operating profit increased as a result of improved earnings in the sugar, agricultural materials and real estate businesses, while interim net income attributable to owners of the parent increased due to the recognition of gains on sales of investment securities.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.