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Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

Interim revenue declined 0.4% year on year, while operating profit rose 12.0% and ordinary profit rose 9.4%. Interim net income attributable to owners of the parent declined 22.4%, and the full-year earnings forecast and annual dividend forecast were not revised.

Worth reading
44Recurring
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
12
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales16,598¥ millionYear on year -0.4%Progress 51.7%
Operating profit1,623¥ millionYear on year +12.0%Progress 67.6%
Ordinary income1,716¥ millionYear on year +9.4%Progress 66.0%
Net income attributable to owners of the parent1,176¥ millionYear on year -22.4%Progress 65.3%

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¥42.74
Financial position at period-end
Total assets34,850¥ million
of which net assets 23,309 ¥ millionEquity ratio 66.9%vs. prior year-end +2.1pt

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+1,354
Investment-353
Financials-1,022
Net change-21

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¥2,866 million
Segment revenueSugar business ¥15,765 million (YoY -0.4%), Biotechnology Business ¥847 million (YoY 0.0%), Other ¥71 million (YoY +4.0%)
Segment profitSugar business ¥2,144 million (YoY +8.7%), Biotechnology Business ¥149 million (YoY -6.9%), Other ¥39 million (YoY +2.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥32,100 million (YoY -2.7%)
Operating profit¥2,400 million (YoY -21.3%)
Ordinary income¥2,600 million (YoY -22.1%)
Net income¥1,800 million (YoY -34.9%)
Annual Dividend Forecast¥20 → ¥16(-20.0%)
Factors Behind Changes in Business Performance

Revenue in the sugar business declined due to lower selling prices following the price revision, while profit increased due to lower costs including raw sugar procurement and manufacturing costs. Profit in the bio business declined due to higher raw materials and other costs.

Disclosure regarding the going concern assumption

Not applicable

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 0 companies / Excluded 0 companies / Company name No
Breakdown of extraordinary income (loss)Extraordinary income: None (-); extraordinary loss: None recognized
Depreciation and amortization¥304 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End35,000,000 shares
Treasury Shares at Period-End7,409,346 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥16,598 million (YoY -0.4%)
Operating profit¥1,623 million (YoY +12.0%)
Ordinary income¥1,716 million (YoY +9.4%)
Profit attributable to owners of the parent¥1,176 million (YoY -22.4%)
Net income per share¥42.74
Equity ratioEnd of the current fiscal period 66.9 / End of previous period 64.8
Total assets¥34,850 million
Net assets¥23,309 million
Cash flows from operating activities¥1,354 million
Cash flows from investing activities¥-353 million
Cash flows from financing activities¥-1,022 million
Cash and cash equivalents at end of period¥2,866 million
Full-year earnings forecastNet Sales ¥32,100 million (YoY -2.7%) / Operating profit ¥2,400 million (YoY -21.3%) / Ordinary income ¥2,600 million (YoY -22.1%) / Net income ¥1,800 million (YoY -34.9%)
Annual Dividend Forecast¥20 → ¥16(-20.0%)
Segment revenueSugar business ¥15,765 million (YoY -0.4%), Biotechnology Business ¥847 million (YoY 0.0%), Other ¥71 million (YoY +4.0%)
Segment profitSugar business ¥2,144 million (YoY +8.7%), Biotechnology Business ¥149 million (YoY -6.9%), Other ¥39 million (YoY +2.5%)
Depreciation and amortization¥304 million
Breakdown of extraordinary income (loss)Extraordinary income: None (-); extraordinary loss: None recognized
Disclosure regarding the going concern assumptionNot applicable
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name No
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End35,000,000 shares
Treasury Shares at Period-End7,409,346 shares
Factors Behind Changes in Business PerformanceRevenue in the sugar business declined due to lower selling prices following the price revision, while profit increased due to lower costs including raw sugar procurement and manufacturing costs. Profit in the bio business declined due to higher raw materials and other costs.
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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 sugar business, revenue declined due to lower selling prices following the price revision in November of the previous year, but profit increased as a result of efforts to reduce costs including raw sugar procurement and manufacturing costs. In the bio business, segment profit declined due to higher raw materials and other costs.

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Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Ensuiko Sugar Refining Co.,Ltd. (2112) timely disclosure | Komori