Worth reading
39Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
4.7
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales333,672million yenYear on year +4.7%Progress 24.9%
Operating profit18,328million yenYear on year +9.0%Progress 28.6%
Ordinary income18,789million yenYear on year +13.5%Progress 28.0%
Net income attributable to owners of the parent11,931million yenYear on year +8.7%Progress 28.1%
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¥60.49
Financial position at period-end
Total assets915,906million yen
of which net assets 513,597 million yenEquity ratio 50.5%vs. prior year-end +1.2pt
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.
Segment revenueFood Business 310,575 million yen (YoY +104.9%), Distribution Business 19,200 million yen (YoY +101.5%), Other businesses 3,895 million yen (YoY +107.1%)
Segment profitFood Business 17,771 million yen (YoY +110.3%), Distribution Business -475 million yen, Other businesses 900 million yen (YoY +111.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales1,338,000 million yen (YoY +2.0%)
Operating profit64,000 million yen (YoY +4.7%)
Ordinary income67,000 million yen (YoY +4.2%)
Net income42,500 million yen (YoY +3.9%)
Annual Dividend Forecast60 yen → 60 yen（0.0%）
Factors Behind Changes in Business Performance
The factors included quality improvements using new quality-enhancement technologies, particularly for bakery products, strong performance by Yamazaki Baking Co., Ltd. on a non-consolidated basis, and strong performance by its consolidated subsidiaries. On a non-consolidated basis, revenue growth and lower raw material costs contributed to the increase in profit, while higher manufacturing labor costs, personnel expenses and other expenses were factors reducing profit.
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 None / Excluded None / Company name None
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 57 million yen, Gain on sale of investment securities 55 million yen / Extraordinary loss Loss on disposal and sale of non-current assets 473 million yen, Other 25 million yen
Depreciation and amortization10,819 million yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End220,282,860
Treasury Shares at Period-End23,378,010
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | 333,672 million yen (YoY +4.7%) |
| Operating profit | 18,328 million yen (YoY +9.0%) |
| Ordinary income | 18,789 million yen (YoY +13.5%) |
| Profit attributable to owners of the parent | 11,931 million yen (YoY +8.7%) |
| Net income per share | ¥60.49 |
| Equity ratio | End of the current fiscal period 50.5 / End of previous period 49.3 |
| Total assets | 915,906 million yen |
| Net assets | 513,597 million yen |
| Full-year earnings forecast | Net Sales 1,338,000 million yen (YoY +2.0%) / Operating profit 64,000 million yen (YoY +4.7%) / Ordinary income 67,000 million yen (YoY +4.2%) / Net income 42,500 million yen (YoY +3.9%) |
| Annual Dividend Forecast | 60 yen → 60 yen（0.0%） |
| Segment revenue | Food Business 310,575 million yen (YoY +104.9%), Distribution Business 19,200 million yen (YoY +101.5%), Other businesses 3,895 million yen (YoY +107.1%) |
| Segment profit | Food Business 17,771 million yen (YoY +110.3%), Distribution Business -475 million yen, Other businesses 900 million yen (YoY +111.3%) |
| Depreciation and amortization | 10,819 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 57 million yen, Gain on sale of investment securities 55 million yen / Extraordinary loss Loss on disposal and sale of non-current assets 473 million yen, Other 25 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 None / Excluded None / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no target participants specified) |
| Issued Shares at Period-End | 220,282,860 |
| Treasury Shares at Period-End | 23,378,010 |
| Factors Behind Changes in Business Performance | The factors included quality improvements using new quality-enhancement technologies, particularly for bakery products, strong performance by Yamazaki Baking Co., Ltd. on a non-consolidated basis, and strong performance by its consolidated subsidiaries. On a non-consolidated basis, revenue growth and lower raw material costs contributed to the increase in profit, while higher manufacturing labor costs, personnel expenses and other expenses were factors reducing profit. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision 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 addition to improving product quality by using new quality-enhancement technologies, particularly for bakery products, Yamazaki Baking Co., Ltd. on a non-consolidated basis and its consolidated subsidiaries performed well.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.