Revised forecast
Fiscal year ending January 2027 · Second quarter (interim period) and full yearPrevious forecast published 13 March 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
For the interim period, the factors affecting results included the pull-forward of Valentine’s campaign sales into January of the previous fiscal year, the sluggish summer campaign due to weather conditions, higher-than-expected raw material prices, and the earlier-than-planned recognition of depreciation expense for the new Shin-Funabashi Plant. For the full fiscal year, higher prices for naphtha-derived raw materials, a greater-than-expected increase in the cost-of-sales ratio from May onward, and increased expenses including logistics costs are expected to have an impact.
| Item | Details |
|---|---|
| Net Sales | Cumulative second-quarter results 16,420 / Full year 36,820 → Cumulative second-quarter results 16,240 / Full year 36,670（Cumulative second-quarter results -1.1 / Full year -0.4） |
| Operating profit | Cumulative second-quarter results 450 / Full year 1,310 → Cumulative second-quarter results 70 / Full year 520（Cumulative second-quarter results -84.4 / Full year -60.3） |
| Ordinary income | Cumulative second-quarter results 480 / Full year 1,350 → Cumulative second-quarter results 170 / Full year 620（Cumulative second-quarter results -64.6 / Full year -54.1） |
| Profit attributable to owners of the parent | Cumulative second-quarter results 370 / Full year 770 → Cumulative second-quarter results 70 / Full year 290（Cumulative second-quarter results -81.1 / Full year -62.3） |
| Net income per share | Cumulative second-quarter results 18.43 / Full year 38.34 → Cumulative second-quarter results 3.49 / Full year 14.45 |
| Fiscal Period Covered | Fiscal year ending January 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 13 March 2026 |
| Previous-period results | Cumulative second-quarter results Net Sales 16,192 / Operating profit 424 / Ordinary income 468 / Interim net income attributable to owners of the parent 271 / Interim net income per share 13.43 / Full year Net Sales 36,273 / Operating profit 1,264 / Ordinary income 1,286 / Profit attributable to owners of the parent 642 / Net income per share 31.85 |
| Reason for the revision | For the interim period, the factors affecting results included the pull-forward of Valentine’s campaign sales into January of the previous fiscal year, the sluggish summer campaign due to weather conditions, higher-than-expected raw material prices, and the earlier-than-planned recognition of depreciation expense for the new Shin-Funabashi Plant. For the full fiscal year, higher prices for naphtha-derived raw materials, a greater-than-expected increase in the cost-of-sales ratio from May onward, and increased expenses including logistics costs are expected to have an impact. |
| Dividend forecast revision | The second-quarter-end dividend forecast was revised from ¥6.00 to ¥5.00 per share, and the year-end dividend forecast from ¥10.00 to ¥5.00 per share, reducing the annual dividend from ¥16.00 to ¥10.00 per share. The payout ratio is 69.2%, with a target payout ratio of approximately 70%. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.For the interim period, sales are expected to fall below the forecast because Valentine’s campaign sales were brought forward into January of the previous fiscal year more than expected, and the summer campaign was sluggish due to weather conditions. On the profit side, the impact came from lower sales, higher raw material prices, the earlier-than-planned recognition of depreciation expense for the new Shin-Funabashi Plant, a higher cost-of-sales ratio, and increased expenses including logistics costs. For the full fiscal year, higher raw material prices derived from naphtha are expected to have a significant impact on earnings.