Worth reading
73In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
23.7
% (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 2026 (including the full-year outlook for the fiscal year ending March 2027)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥37,351 million+0.3%
Operating profit¥1,324 million+23.7%
Ordinary income¥1,599 million+25.2%
Net income¥918 million+3.7%
Gross Profit Margin37.4%
Operating profit margin3.5%
Selling, general and administrative expenses¥12,654 million
Results for the three months of the current quarterQuarterly revenue and operating profit for the fiscal year ending March 2026 are presented. In Q4, revenue was ¥11,427 million and operating profit was ¥2,042 million (as shown in the charts).
Full-year earnings forecast
Net Sales
¥37,700 million
Operating profit
¥1,400 million
Ordinary income
¥1,600 million
Net income for the current fiscal year
¥950 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit and ordinary profit substantially exceeded the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Steamed buns-191
Confectionery products-386
Restaurants-25
Foodservice products566
Prepared foods for household use and other products191
Real estate rental income-52
Operating profit
Revenue growth38
Improved labor productivity524
Improved profitability94
Depreciation and amortization-264
Other expenses-113
Selling, general and administrative expenses-25
Breakdown of selling, general and administrative expenses
Repair expenses-172
Distribution and processing expenses72
Communication and transportation expenses32
Other43
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook incorporates a focus on selected products and sales channels, a shorter selling period at major business partners, and higher raw material prices and selling-related expenses, but specific assumptions are not disclosedNew initiatives
- Development of new steamed bun products for convenience stores and promotional support
- Expansion of steamed bun products designed for spring and summer sales and year-round availability
- Launch of a permanent in-office cafeteria service for corporate customers
- Price revisions for 14 household retort food products and other items
- Strengthening of higher-value-added products and consolidation of unprofitable products
Key KPIsA metric the company considers important as a management benchmark.
- Sales of steamed buns to convenience stores+0.9%Year on year against the same period last year+0.9%
- Supermarket sales+4.7%Year on year against the same period last year+4.7%
- Sales of the Rich series+30.4%Year on year against the same period last year+30.4%
- Sales of food products for commercial use+12.6%Year on year against the same period last year+12.6%
- Number of companies adopting the permanent in-office cafeteria service9 companiesYear on year against the same period last year6 companies at launch
Segment results
Confectionery
Net Sales
¥26,220 million-2.3%
Segment profit
¥2,673 million+5.0%
Food
Net Sales
¥10,219 million+7.6%
Segment profit
¥644 million+42.1%
Real Estate Leasing
Net Sales
¥913 million-0.5%
Segment profit
¥428 million-5.5%
Financial targets
An equity ratio of 57.4% is presented for the fiscal year ending March 2026, but no financial targets are disclosedNumber of stores and locations
A list of major business locations is provided, but the number of stores and locations at fiscal year-end and the number of openings and closures during the period are not disclosedNumber of employees
Number of Employees780 people
As ofAs of the end of March 2026
Annual Dividend
Fiscal year ending March 2026¥75
Planned for the fiscal year ending March 2027¥75
Payout ratio
Fiscal year ending March 202647.1%
Planned for the fiscal year ending March 202745.5%
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 (including the full-year outlook for the fiscal year ending March 2027) |
| Net Sales | ¥37,351 million (YoY +0.3%) |
| Operating profit | ¥1,324 million (YoY +23.7%) |
| Ordinary income | ¥1,599 million (YoY +25.2%) |
| Net income | ¥918 million (YoY +3.7%) |
| Gross Profit Margin | 37.4% |
| Operating profit margin | 3.5% |
| Selling, general and administrative expenses | ¥12,654 million |
| Results for the three months of the current quarter | Quarterly revenue and operating profit for the fiscal year ending March 2026 are presented. In Q4, revenue was ¥11,427 million and operating profit was ¥2,042 million (as shown in the charts). |
| Full-year earnings forecast | Net Sales ¥37,700 million / Operating profit ¥1,400 million / Ordinary income ¥1,600 million / Net income for the current fiscal year ¥950 million |
| Self-assessment against the plan | Operating profit and ordinary profit substantially exceeded the initial plan |
| Segment results | Confectionery Net Sales ¥26,220 million (YoY -2.3%) / Segment profit ¥2,673 million (YoY +5.0%) / Food Net Sales ¥10,219 million (YoY +7.6%) / Segment profit ¥644 million (YoY +42.1%) / Real Estate Leasing Net Sales ¥913 million (YoY -0.5%) / Segment profit ¥428 million (YoY -5.5%) |
| Breakdown of Factors Affecting the Change | Net Sales Steamed buns -191 / Confectionery products -386 / Restaurants -25 / Foodservice products 566 / Prepared foods for household use and other products 191 / Real estate rental income -52 / Operating profit Revenue growth 38 / Improved labor productivity 524 / Improved profitability 94 / Depreciation and amortization -264 / Other expenses -113 / Selling, general and administrative expenses -25 / Breakdown of selling, general and administrative expenses Repair expenses -172 / Distribution and processing expenses 72 / Communication and transportation expenses 32 / Other 43 |
| Key KPIs | Indicator name Sales of steamed buns to convenience stores / Value +0.9% / Year on year against the same period last year +0.9%, Indicator name Supermarket sales / Value +4.7% / Year on year against the same period last year +4.7%, Indicator name Sales of the Rich series / Value +30.4% / Year on year against the same period last year +30.4%, Indicator name Sales of food products for commercial use / Value +12.6% / Year on year against the same period last year +12.6%, Indicator name Number of companies adopting the permanent in-office cafeteria service / Value 9 companies / Year on year against the same period last year 6 companies at launch |
| Number of stores and locations | A list of major business locations is provided, but the number of stores and locations at fiscal year-end and the number of openings and closures during the period are not disclosed |
| Number of employees | Number of Employees 780 people / As of As of the end of March 2026 |
| Assumptions Underlying the Business Outlook | The outlook incorporates a focus on selected products and sales channels, a shorter selling period at major business partners, and higher raw material prices and selling-related expenses, but specific assumptions are not disclosed |
| Financial targets | An equity ratio of 57.4% is presented for the fiscal year ending March 2026, but no financial targets are disclosed |
| Annual Dividend | Fiscal year ending March 2026 ¥75 / Planned for the fiscal year ending March 2027 ¥75 |
| Payout ratio | Fiscal year ending March 2026 47.1% / Planned for the fiscal year ending March 2027 45.5% |
| New initiatives | Development of new steamed bun products for convenience stores and promotional support, Expansion of steamed bun products designed for spring and summer sales and year-round availability, Launch of a permanent in-office cafeteria service for corporate customers, Price revisions for 14 household retort food products and other items, Strengthening of higher-value-added products and consolidation of unprofitable products |
Items this document does not state (9)
Progress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Strong sales of steamed buns and food products for commercial use, a focus on eliminating unprofitable products, improved production efficiency through more consistent factory utilization, and price revisions for core products boosted profit and absorbed ¥550 million in one-off costs. For the fiscal year ending March 2027, the company expects profit growth to be driven by the expansion of new products and businesses and the absence of one-off depreciation expenses, while factoring in higher raw material prices and selling-related expenses.
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.