Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The domestic Food Manufacturing and Sales Business posted higher revenue due to the impact of price revisions and increased sales volumes of snack foods and cereal products other than potato-based products. The overseas Food Manufacturing and Sales Business posted higher revenue in both Europe and the Americas and Asia and Oceania. Operating profit declined because, despite higher sales volumes and the impact of price and specification revisions in Japan, fixed costs associated with plant operations and inflation-related expenses increased.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥340,151 million (YoY +5.5%) |
| Operating profit | ¥26,173 million (YoY -10.0%) |
| Ordinary income | ¥27,091 million (YoY -9.2%) |
| Profit attributable to owners of the parent | ¥17,329 million (YoY -17.0%) |
| Net income per share | ¥139.98 |
| Operating Margin | 7.7% |
| Equity ratio | End of the current fiscal period 64.3% / End of previous period 64.3% |
| Total assets | ¥327,609 million |
| Net assets | ¥221,774 million |
| Cash flows from operating activities | ¥35,596 million |
| Cash flows from investing activities | ¥-26,211 million |
| Cash flows from financing activities | ¥-17,002 million |
| Cash and cash equivalents at end of period | ¥45,581 million |
| Full-year earnings forecast | Net Sales ¥370,000 million (YoY +8.8%) / Operating profit ¥26,200 million (YoY +0.1%) / Ordinary income ¥26,700 million (YoY -1.4%) / Net income ¥17,400 million (YoY +0.4%) |
| Annual Dividend Forecast | ¥58 → ¥69 |
| Payout ratio | Fiscal year ending March 2026 47.2% / Forecast for the fiscal year ending March 2027 48.2% |
| Shareholder Return Policy | A consolidated total payout ratio of at least 50% and DOE of approximately 4%. For the fiscal years ending March 2027 through March 2031, progressive dividends are planned on the premise of increasing dividends per share by at least ¥3 each fiscal year. |
| Segment revenue | Food Manufacturing and Sales Business ¥340,151 million (YoY +5.5%) |
| Regional sales | ¥46,664 million (YoY +9.4%), ¥28,463 million (YoY +0.5%), ¥51,120 million (YoY +11.0%), ¥17,549 million (YoY +12.8%), ¥88,604 million (YoY +11.6%) |
| Depreciation and amortization | ¥14,812 million |
| Impairment loss | ¥15 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥12 million, Gain on sale of investment securities ¥302 million, Gain on Receipt of Subsidies ¥89 million, Other ¥44 million / Extraordinary loss Loss on sale of fixed assets ¥19 million, Loss on Disposal of Fixed Assets ¥715 million, Impairment Losses ¥15 million, Impairment Loss on Investment Securities ¥209 million, Settlement Payments ¥135 million, Loss on disposal of inventories ¥66 million, Other ¥188 million |
| 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 | Material changes No / New － companies (as stated on the cover) / Excluded － companies (as stated on the cover) / Main text Hodo, Inc. became a consolidated subsidiary in August 2025 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 133,929,800 Shares |
| Treasury Shares at Period-End | 12,341,946 Shares |
| Factors Behind Changes in Business Performance | The domestic Food Manufacturing and Sales Business posted higher revenue due to the impact of price revisions and increased sales volumes of snack foods and cereal products other than potato-based products. The overseas Food Manufacturing and Sales Business posted higher revenue in both Europe and the Americas and Asia and Oceania. Operating profit declined because, despite higher sales volumes and the impact of price and specification revisions in Japan, fixed costs associated with plant operations and inflation-related expenses increased. |
Items this document does not state (3)
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 the domestic business, although price and specification revisions and higher sales volumes had a positive impact, profit declined due to higher fixed costs, including depreciation, associated with the start-up of the Setouchi Hiroshima Plant, as well as ongoing cost increases caused by inflation. Net income attributable to owners of the parent declined due to the reversal of tax benefits applied in the previous fiscal year. The overseas business posted higher profit, driven by North America and Greater China.