Komori
Financial Results Presentation2222Kotobuki Spirits Co.,Ltd.Food

Presentation Materials for the First Quarter of the Fiscal Year Ending March 2026

2026年3月期第1四半期は、国内小売やインバウンド需要などを背景に売上高が前年同期比9.3％増加し、営業利益・経常利益・純利益も前年同期を上回った。一方、原材料価格の高騰で売上総利益率は低下し、セグメント別では増収でも営業減益となった事業がある。

Worth reading
75Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
9.3
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ended March 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales16,976 Millions of yen+9.3%
Operating profit3,439 Millions of yen+0.3%
Ordinary income3,472 Millions of yen+0.7%
Net income2,303 Millions of yen+1.7%
Gross Profit Margin60.7 %
Operating profit margin20.3 %
Selling, general and administrative expenses6,865 Millions of yen
Results for the three months of the current quarter
Net Sales
16,976 Millions of yen
Operating profit
3,439 Millions of yen
Ordinary income
3,472 Millions of yen
Net income
2,303 Millions of yen
Full-year earnings forecast
Net Sales
79,670 Millions of yen
Gross profit
49,600 Millions of yen
Selling, general and administrative expenses
29,950 Millions of yen
Operating profit
19,650 Millions of yen
Ordinary income
19,720 Millions of yen
Net income
13,400 Millions of yen
EPS
¥86.81
Dividend per share
¥35
Capital Expenditures
2,500 Millions of yen
Depreciation and amortization
1,600 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
  • シュクレイグループ Group566 Millions of yen
  • ケイシイシイ468 Millions of yen
  • 寿製菓グループ Group458 Millions of yen
  • Sales subsidiaries38 Millions of yen
  • Other-32 Millions of yen
  • Adjustments-48 Millions of yen
Operating profit
  • シュクレイグループ Group-200 Millions of yen
  • ケイシイシイ0 Millions of yen
  • 寿製菓グループ Group182 Millions of yen
  • Sales subsidiaries-6 Millions of yen
  • Other-13 Millions of yen
  • Adjustments49 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
物価上昇による消費者の節約志向の高まりが懸念されるなど、先行き不透明感が増すと見込む。数値前提はNot disclosed。
New initiatives
  • 2025年4月にJR新宿駅構内NEWoMan新宿へキャラメルゴーストハウスをリブランドオープン
  • ルタオ新千歳空港店のリニューアル
  • タンテ・アニー長崎駅店の出店（ブランド変更を伴う移転）
  • 東京ミルクチーズ工場の看板商品のリニューアル
  • 新商品・季節限定商品の投入
  • ルタオのポイント制度のリニューアル
  • 2025年6月のWebサイト・IRサイトのリニューアルと全ページ英語対応
Key KPIsA metric the company considers important as a management benchmark.
  • Inbound sales2,646 Millions of yen
    Year on year against the same period last year+14.8%
  • Shareholders57,301 People
  • 東京駅限定手土産売上ランキング1位継続年数6 Year
  • ROE（2025年3月期）32.2 %
  • PBR（2025年3月期末）9.36 times
Segment results
  • シュクレイグループ Group
    Net Sales8,079 Millions of yen (YoY +7.5%)
    Operating profit1,306 Millions of yen (YoY -13.3%)
  • ケイシイシイ
    Net Sales4,891 Millions of yen (YoY +10.6%)
    Operating profit869 Millions of yen (YoY +0.1%)
  • 寿製菓グループ Group
    Net Sales3,818 Millions of yen (YoY +13.6%)
    Operating profit835 Millions of yen (YoY +28.0%)
  • Sales subsidiaries
    Net Sales1,779 Millions of yen (YoY +2.2%)
    Operating profit208 Millions of yen (YoY -3.3%)
  • Other
    Net Sales100 Millions of yen (YoY -24.3%)
    Operating profit-13 Millions of yen
Medium-term management plan targets
Plan nameValue Up Vision 2030
Target fiscal yearFiscal year ending March 2030
Ordinary income margin30%
Ordinary income¥35.0 billion
5ヵ年の平均売上成長率10%
ROEAt least 30%
Comparison with actual results and forecasts2025年3月期の経常利益率24.4%、2026年3月期予想24.8%
Financial targets
ROE targetAt least 30%
Actual ROE
Fiscal year ended March 202329.9
Fiscal year ended March 202435.1
Fiscal year ending March 202532.2
Cost of shareholders’ equity約9.5%（25/3期は9.51%）
Market Size / Share
RankingCOCORISが東京駅限定手土産スイーツ売上ランキングで6年連続1位。ザ・メープルマニア2位、ザ・ドロス4位
Number of stores and locations
Stores opened during the period1店（シュクレイグループ）
Stores closed during the period1店（シュクレイグループ）
期中リニューアル1店（ルタオ新千歳空港店）
Number of employees
Number of Employees連結1,758名（2025年3月31日現在）
Change during the period2025年4月に127名の新入社員
Capital expenditures
2,500 Millions of yen
Annual Dividend
Annual Dividend Forecast¥35 per share
Payout ratio
Fiscal year ending March 2026 forecast40.3 %
Total payout ratioTargeting a total payout ratio of 50% or higher
Acquisition of treasury shares
PolicyConduct share repurchases flexibly
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ended March 2026
Net Sales16,976 Millions of yen (YoY +9.3%)
Operating profit3,439 Millions of yen (YoY +0.3%)
Ordinary income3,472 Millions of yen (YoY +0.7%)
Net income2,303 Millions of yen (YoY +1.7%)
Gross Profit Margin60.7 %
Operating profit margin20.3 %
Selling, general and administrative expenses6,865 Millions of yen
Results for the three months of the current quarterNet Sales 16,976 Millions of yen / Operating profit 3,439 Millions of yen / Ordinary income 3,472 Millions of yen / Net income 2,303 Millions of yen
Full-year earnings forecastNet Sales 79,670 Millions of yen / Gross profit 49,600 Millions of yen / Selling, general and administrative expenses 29,950 Millions of yen / Operating profit 19,650 Millions of yen / Ordinary income 19,720 Millions of yen / Net income 13,400 Millions of yen / EPS ¥86.81 / Dividend per share ¥35 / Capital Expenditures 2,500 Millions of yen / Depreciation and amortization 1,600 Millions of yen
Segment resultsSegment シュクレイグループ Group / Net Sales 8,079 Millions of yen (YoY +7.5%) / Operating profit 1,306 Millions of yen (YoY -13.3%), Segment ケイシイシイ / Net Sales 4,891 Millions of yen (YoY +10.6%) / Operating profit 869 Millions of yen (YoY +0.1%), Segment 寿製菓グループ Group / Net Sales 3,818 Millions of yen (YoY +13.6%) / Operating profit 835 Millions of yen (YoY +28.0%), Segment Sales subsidiaries / Net Sales 1,779 Millions of yen (YoY +2.2%) / Operating profit 208 Millions of yen (YoY -3.3%), Segment Other / Net Sales 100 Millions of yen (YoY -24.3%) / Operating profit -13 Millions of yen
Breakdown of Factors Affecting the ChangeNet Sales Factors シュクレイグループ Group / Amount 566 Millions of yen, Factors ケイシイシイ / Amount 468 Millions of yen, Factors 寿製菓グループ Group / Amount 458 Millions of yen, Factors Sales subsidiaries / Amount 38 Millions of yen, Factors Other / Amount -32 Millions of yen, Factors Adjustments / Amount -48 Millions of yen / Operating profit Factors シュクレイグループ Group / Amount -200 Millions of yen, Factors ケイシイシイ / Amount 0 Millions of yen, Factors 寿製菓グループ Group / Amount 182 Millions of yen, Factors Sales subsidiaries / Amount -6 Millions of yen, Factors Other / Amount -13 Millions of yen, Factors Adjustments / Amount 49 Millions of yen
Key KPIsIndicator name Inbound sales / Value 2,646 Millions of yen / Year on year against the same period last year 14.8 Millions of yen, Indicator name Shareholders / Value 57,301 People / Year on year against the same period last year Not disclosed, Indicator name 東京駅限定手土産売上ランキング1位継続年数 / Value 6 Year / Year on year against the same period last year Not disclosed, Indicator name ROE（2025年3月期） / Value 32.2 % / Year on year against the same period last year Not disclosed, Indicator name PBR（2025年3月期末） / Value 9.36 times / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber of Stores at Period-End Not disclosed / Stores opened during the period 1店（シュクレイグループ） / Stores closed during the period 1店（シュクレイグループ） / 期中リニューアル 1店（ルタオ新千歳空港店）
Number of employeesNumber of Employees 連結1,758名（2025年3月31日現在） / Change during the period 2025年4月に127名の新入社員 / Hiring plan Not disclosed
Assumptions Underlying the Business Outlook物価上昇による消費者の節約志向の高まりが懸念されるなど、先行き不透明感が増すと見込む。数値前提はNot disclosed。
Medium-term management plan targetsPlan name Value Up Vision 2030 / Target fiscal year Fiscal year ending March 2030 / Ordinary income margin 30% / Ordinary income ¥35.0 billion / 5ヵ年の平均売上成長率 10% / ROE At least 30% / Comparison with actual results and forecasts 2025年3月期の経常利益率24.4%、2026年3月期予想24.8%
Financial targetsROE target At least 30% / Actual ROE Fiscal year ended March 2023 29.9 / Fiscal year ended March 2024 35.1 / Fiscal year ending March 2025 32.2 / Cost of shareholders’ equity 約9.5%（25/3期は9.51%）
Annual DividendAnnual Dividend Forecast ¥35 per share / Interim and Year-End Breakdown Not disclosed
Payout ratioFiscal year ending March 2026 forecast 40.3 % / Total payout ratio Targeting a total payout ratio of 50% or higher
Acquisition of treasury sharesAmount Not disclosed / Number of Shares Not disclosed / Period Not disclosed / Policy Conduct share repurchases flexibly
Capital expenditures2,500 Millions of yen
Market Size / ShareRanking COCORISが東京駅限定手土産スイーツ売上ランキングで6年連続1位。ザ・メープルマニア2位、ザ・ドロス4位
New initiatives2025年4月にJR新宿駅構内NEWoMan新宿へキャラメルゴーストハウスをリブランドオープン, ルタオ新千歳空港店のリニューアル, タンテ・アニー長崎駅店の出店（ブランド変更を伴う移転）, 東京ミルクチーズ工場の看板商品のリニューアル, 新商品・季節限定商品の投入, ルタオのポイント制度のリニューアル, 2025年6月のWebサイト・IRサイトのリニューアルと全ページ英語対応
Items this document does not state (6)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookOrders received and order backlogKey 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.

国内小売の各種施策、国内卸売におけるインバウンド需要、販売人員の増強や新商品投入などにより増収となった。利益面では原材料価格の高騰が売上総利益率の押し下げ要因となったが、増収効果により各段階利益は前年同期を上回った。

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.
Presentation Materials for the First Quarter of the Fiscal Year Ending March 2026 | Kotobuki Spirits Co.,Ltd. (2222) timely disclosure | Komori