Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
3863
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥39,651 million+10.8%
Operating profit¥9,153 million+23.0%
Ordinary income¥9,236 million+22.9%
Net income¥6,045 million+20.5%
Gross Profit Margin61.8
Operating profit margin23.1
Selling, general and administrative expenses¥15,335 million
Results for the three months of the current quarter
Net Sales
¥20,983 million
Year on year against the same period last year+111.5%
Operating profit
¥5,001 million
Year on year against the same period last year+125.0%
Full-year earnings forecast
Net Sales
¥84,500 million
Gross profit
¥52,520 million
Selling, General and Administrative Expenses
¥31,970 million
Operating profit
¥20,550 million
Ordinary income
¥20,610 million
Net income for the current fiscal year
¥13,810 million
EPS
¥89.42
Capital expenditure
¥4,000 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance is progressing broadly in line with expectationsBreakdown 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1,487
ケイシイシイグループ867
寿製菓グループ1,080
Sales subsidiaries449
Other56
Adjustments-78
Operating profit
シュクレイグループ639
ケイシイシイグループ497
寿製菓グループ465
Sales subsidiaries148
Other5
Adjustments-43
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company stated that it expects the challenging business environment to continue, but the numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosedNew initiatives
- Renovation of the Tokyo Milk Cheese Factory Gransta Tokyo store
- Opening of the new Ivorish MAISON brand at Gransta Tokyo
- Opening of the new MILLI MILLI brand at Isetan Shinjuku
- Opening of the new Hakata ORIOORI brand at Daimaru Fukuoka Tenjin
- Opening of the Okada Kinsei An Butter-ya Lumine Omiya store
- Opening of the newQ Naha Airport store
- Construction of a new factory on Miyakojima, scheduled to begin operations in June 2027
- Preparation of the Hakone Tokinomi brand and facility
Key KPIsA metric the company considers important as a management benchmark.
- Inbound sales¥5,145 millionYear on year against the same period last year+100.5%
- Domestic retail sales¥19,018 millionYear on year against the same period last year+114.6%
- Overseas Sales¥766 millionYear on year against the same period last year+107.0%
- Shareholders61,613 PeopleYear on year against the same period last yearDown 31,659 people from the end of the previous fiscal year
- ROE28.5 %
- PBR5.9 times
Segment results
シュクレイグループ
Net Sales
¥18,050 million+9.0%
Operating profit
¥3,280 million
ケイシイシイグループ
Net Sales
¥11,140 million+8.4%
Operating profit
¥2,328 million
寿製菓グループ
Net Sales
¥9,222 million+13.3%
Operating profit
¥2,255 million
Sales subsidiaries
Net Sales
¥4,191 million+12.0%
Operating profit
¥623 million
Other
Net Sales
¥366 million+18.1%
Operating profit
¥10 million
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-year average sales growth rate10%
ROEAt least 30%
Financial targets
ROE targetAt least 30%
ROE for the fiscal year ending March 202628.5%
Cost of shareholders’ equity5.99%
Number of stores and locations
Stores opened during the period6
Stores closed during the period1
Planned store openings in the second half2
Number of employees
1,823 people
BreakdownConsolidated
Capital expenditures
¥4,000 million full-year plan
Annual Dividend
Annual dividend per share¥45
Interim¥10
End of period¥35
Payout ratio
Rate50 %
Total payout ratioTargeting a total payout ratio of 50% or higher
Acquisition of treasury shares
The company plans to conduct opportunistic share repurchases. The repurchase limit, number of shares and period are Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥39,651 million (YoY +10.8%) |
| Operating profit | ¥9,153 million (YoY +23.0%) |
| Ordinary income | ¥9,236 million (YoY +22.9%) |
| Net income | ¥6,045 million (YoY +20.5%) |
| Gross Profit Margin | 61.8 |
| Operating profit margin | 23.1 |
| Selling, general and administrative expenses | ¥15,335 million |
| Results for the three months of the current quarter | Net Sales ¥20,983 million / Operating profit ¥5,001 million |
| Full-year earnings forecast | Net Sales ¥84,500 million / Gross profit ¥52,520 million / Selling, General and Administrative Expenses ¥31,970 million / Operating profit ¥20,550 million / Ordinary income ¥20,610 million / Net income for the current fiscal year ¥13,810 million / EPS ¥89.42 / Capital expenditure ¥4,000 million |
| Self-assessment against the plan | Performance is progressing broadly in line with expectations |
| Segment results | シュクレイグループ Net Sales ¥18,050 million (YoY +9.0%) / Operating profit ¥3,280 million / ケイシイシイグループ Net Sales ¥11,140 million (YoY +8.4%) / Operating profit ¥2,328 million / 寿製菓グループ Net Sales ¥9,222 million (YoY +13.3%) / Operating profit ¥2,255 million / Sales subsidiaries Net Sales ¥4,191 million (YoY +12.0%) / Operating profit ¥623 million / Other Net Sales ¥366 million (YoY +18.1%) / Operating profit ¥10 million |
| Breakdown of Factors Affecting the Change | Net Sales シュクレイグループ 1,487 / ケイシイシイグループ 867 / 寿製菓グループ 1,080 / Sales subsidiaries 449 / Other 56 / Adjustments -78 / Operating profit シュクレイグループ 639 / ケイシイシイグループ 497 / 寿製菓グループ 465 / Sales subsidiaries 148 / Other 5 / Adjustments -43 |
| Key KPIs | Indicator name Inbound sales / Value ¥5,145 million / Year on year against the same period last year ¥100.5 million, Indicator name Domestic retail sales / Value ¥19,018 million / Year on year against the same period last year ¥114.6 million, Indicator name Overseas Sales / Value ¥766 million / Year on year against the same period last year ¥107 million, Indicator name Shareholders / Value 61,613 People / Year on year against the same period last year Down 31,659 people from the end of the previous fiscal year, Indicator name ROE / Value 28.5 % / Year on year against the same period last year Not disclosed, Indicator name PBR / Value 5.9 times / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Stores opened during the period 6 / Stores closed during the period 1 / Planned store openings in the second half 2 |
| Number of employees | Value 1,823 people / Breakdown Consolidated |
| Assumptions Underlying the Business Outlook | The company stated that it expects the challenging business environment to continue, but the numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed |
| Medium-term management plan targets | Plan name Value Up Vision 2030 / Target fiscal year Fiscal year ending March 2030 / Ordinary income margin 30% / Ordinary income ¥35.0 billion / 5-year average sales growth rate 10% / ROE At least 30% |
| Financial targets | ROE target At least 30% / ROE for the fiscal year ending March 2026 28.5% / Cost of shareholders’ equity 5.99% |
| Annual Dividend | Annual dividend per share ¥45 / Interim ¥10 / End of period ¥35 |
| Payout ratio | Rate 50 % / Total payout ratio Targeting a total payout ratio of 50% or higher |
| Acquisition of treasury shares | The company plans to conduct opportunistic share repurchases. The repurchase limit, number of shares and period are Not disclosed |
| Capital expenditures | ¥4,000 million (full-year plan) |
| New initiatives | Renovation of the Tokyo Milk Cheese Factory Gransta Tokyo store, Opening of the new Ivorish MAISON brand at Gransta Tokyo, Opening of the new MILLI MILLI brand at Isetan Shinjuku, Opening of the new Hakata ORIOORI brand at Daimaru Fukuoka Tenjin, Opening of the Okada Kinsei An Butter-ya Lumine Omiya store, Opening of the newQ Naha Airport store, Construction of a new factory on Miyakojima, scheduled to begin operations in June 2027, Preparation of the Hakone Tokinomi brand and facility |
Items this document does not state (6)
Progress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookOrders 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.The company cited value-enhancement measures, new store openings, improvements in product and sales capabilities, the effects of price revisions and the effects of higher revenue.
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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