Worth reading
31Immaterial
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
-373
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending January 2027, second quarter (interim period)5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,355 million+1.0%
Operating profit¥50 million-88.0%
Ordinary income¥136 million-70.9%
Net income¥59 million-78.3%
Gross Profit Margin48.3
Operating profit margin0.3
Selling, general and administrative expenses¥7,843 million
Full-year earnings forecast
Net Sales
¥36,670 million
Operating profit
¥520 million
Ordinary income
¥620 million
Profit attributable to owners of the parent
¥290 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher raw material prices
- Increase in manufacturing expenses associated with the start-up of the new plant
- Increase in depreciation and equipment relocation costs
- Increase in logistics costs and sales tool and case expenses
- Recognition of Lunar New Year sales by the Hong Kong subsidiary
The company identifies the factors but does not state the amount attributable to each one.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Raw material price increases driven by naphtha are expected to have a significant impact on earnings
New initiatives
- Opening of a permanent Taiyo no Galette store
- Opening of a permanent CUSTA store
- Collaboration product with Yawataya Isogoro, “Shichimi Arcadia”
- 95th-anniversary commemorative product, “95th Cream Custard Pudding”
- Cost reductions through price revisions and design changes
- Promotion of factory automation and low-cost operations
Segment results
Dry confectionery
Net Sales
¥10,936 million
Year-on-year (%)0.4
Western-style fresh confectionery
Net Sales
¥3,963 million
Year-on-year (%)1.7
Other confectionery
Net Sales
¥410 million
Year-on-year (%)1.5
Total Western-style confectionery manufacturing and sales business
Net Sales
¥15,309 million
Year-on-year (%)0.8
Total café and restaurant business
Net Sales
¥1,045 million
Year-on-year (%)4.4
Annual Dividend
Annual dividend per share¥10
Interim¥5
End of period¥5
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending January 2027, second quarter (interim period) |
| Net Sales | ¥16,355 million (YoY +1.0%) |
| Operating profit | ¥50 million (YoY -88.0%) |
| Ordinary income | ¥136 million (YoY -70.9%) |
| Net income | ¥59 million (YoY -78.3%) |
| Gross Profit Margin | 48.3 |
| Operating profit margin | 0.3 |
| Selling, general and administrative expenses | ¥7,843 million |
| Full-year earnings forecast | Net Sales ¥36,670 million / Operating profit ¥520 million / Ordinary income ¥620 million / Profit attributable to owners of the parent ¥290 million |
| Segment results | Dry confectionery Net Sales ¥10,936 million / Year-on-year (%) 0.4 / Western-style fresh confectionery Net Sales ¥3,963 million / Year-on-year (%) 1.7 / Other confectionery Net Sales ¥410 million / Year-on-year (%) 1.5 / Total Western-style confectionery manufacturing and sales business Net Sales ¥15,309 million / Year-on-year (%) 0.8 / Total café and restaurant business Net Sales ¥1,045 million / Year-on-year (%) 4.4 |
| Breakdown of Factors Affecting the Change | Factors Higher raw material prices / Amount Not disclosed, Factors Increase in manufacturing expenses associated with the start-up of the new plant / Amount Not disclosed, Factors Increase in depreciation and equipment relocation costs / Amount Not disclosed, Factors Increase in logistics costs and sales tool and case expenses / Amount Not disclosed, Factors Recognition of Lunar New Year sales by the Hong Kong subsidiary / Amount Not disclosed |
| Assumptions Underlying the Business Outlook | Raw material price increases driven by naphtha are expected to have a significant impact on earnings |
| Annual Dividend | Annual dividend per share ¥10 / Interim ¥5 / End of period ¥5 |
| New initiatives | Opening of a permanent Taiyo no Galette store, Opening of a permanent CUSTA store, Collaboration product with Yawataya Isogoro, “Shichimi Arcadia”, 95th-anniversary commemorative product, “95th Cream Custard Pudding”, Cost reductions through price revisions and design changes, Promotion of factory automation and low-cost operations |
Items this document does not state (16)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition 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.Soaring prices for raw materials, particularly cocoa and nuts, and increases in depreciation and equipment relocation costs associated with the renovation of the Seishin No. 2 Plant and the start-up of the Shin-Funabashi Plant had a significant impact on earnings. At the same time, the company worked to reduce costs through low-cost operations, automation, optimisation of staffing, price revisions and design changes.
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.