Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4821
¥ million (year-on-year increase in operating profit for the fiscal year ended March 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥571,458 million+1.8%
Operating profit¥34,479 million+16.3%
Ordinary income¥37,121 million+24.3%
Net income¥22,599 million +313.9%net income attributable to owners of the parent
Gross Profit Margin25.1%
Operating profit margin6.0%
Selling, general and administrative expenses¥108,780 million
Results for the three months of the current quarterStandalone fourth quarter of the fiscal year ended March 2026: revenue of ¥133,636 million (up 2.4% year on year) and operating profit of ¥3,798 million (down ¥371 million)
Full-year earnings forecast
Net Sales
¥580,000 million
Operating profit
¥32,000 million
Ordinary income
¥32,700 million
Profit attributable to owners of the parent
¥20,000 million
Capital expenditures
¥49,100 million
Depreciation and amortization
¥26,300 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Unit price variance+¥18.5 billion
Sales volume-¥5.8 billion
Product mix and other factors+¥2.6 billion
Manufacturing expenses-¥2.1 billion
Logistics Costs-¥1.5 billion
Administrative expenses and other costs-¥2.3 billion
Sales promotion expense efficiency-¥0.7 billion
Raw milk prices-¥3.6 billion
Raw Material and Energy Prices-¥5.6 billion
Manufacturing fixed costs (depreciation)-¥1.9 billion
Changes in overseas subsidiaries+¥7.2 billion
Change in operating profit+¥4.8 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollars¥155.0
Euro¥180.0
Australian dollar¥105.0
Exchange rateAssumption for the full-year forecast for the fiscal year ending March 2027; average rate for the period
New initiatives
Began manufacturing ice cream products at the Kobe Plant in April 2025Key KPIsA metric the company considers important as a management benchmark.
- EPS¥276.02
- BPS¥3,403.79
- ROE8.4 %Year on year against the same period last year2.0% in the previous year
- ROIC6.3 %Year on year against the same period last year5.7% in the previous year
- Equity ratio50.2 %Year on year against the same period last year51.2% in the previous year
- DER0.43 timesYear on year against the same period last year0.37 times in the previous year
- Net debt-to-equity ratio0.33 timesYear on year against the same period last year0.26 times in the previous year
- Employees at fiscal year-end7,345 peopleYear on year against the same period last year7,453 people in the previous year
- Milk collected645 thousand tonnesYear on year against the same period last year652 thousand tonnes in the previous year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Selling price variance and sales volume are disclosed as factors behind changes in operating profit. For the full year ended March 2026, selling price variance was +¥18.5 billion and sales volume was -¥5.8 billionSegment results
Growth Areas
Net Sales
¥124,529 million+5.2%
Operating profit
¥12,591 million-8.6%
Core businesses
Net Sales
¥364,964 million+3.4%
Operating profit
¥20,033 million+46.3%
Developing and other businesses
Net Sales
¥81,965 million-8.8%
Operating profit
¥1,855 million-15.2%
Domestic Business
Net Sales
¥483,984 million-1.5%
Operating profit
¥17,482 million-21.2%
Overseas Business
Net Sales
¥87,474 million+25.1%
Operating profit
¥16,997 million+127.4%
Financial targets
Actual ROE, ROIC, equity ratio, DER and net DER are provided. Target values are not disclosedMarket Size / Share
Chilled cup coffee37%, No. 1
Chilled tea beverages52%, No. 1
Ice cream11%, No. 3
Yogurt11%, No. 2
Cheese10%, No. 4
Chilled desserts13%, No. 4
Number of stores and locations
The number of stores is not disclosed. A list of business locations is provided, but the number of openings and closures during the period is not disclosedNumber of employees
Number of Employees7,345 people
Change during the periodDecreased by 108 people from 7,453 in the previous year
Capital expenditures
39,337 Millions of yen fiscal year ended March 2026 actual
Annual Dividend
Annual dividend per share¥100.00
Payout ratio
36.2% (fiscal year ended March 2026)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥571,458 million (YoY +1.8%) |
| Operating profit | ¥34,479 million (YoY +16.3%) |
| Ordinary income | ¥37,121 million (YoY +24.3%) |
| Net income | ¥22,599 million (net income attributable to owners of the parent) (YoY +313.9%) |
| Gross Profit Margin | 25.1% |
| Operating profit margin | 6.0% |
| Selling, general and administrative expenses | ¥108,780 million |
| Results for the three months of the current quarter | Standalone fourth quarter of the fiscal year ended March 2026: revenue of ¥133,636 million (up 2.4% year on year) and operating profit of ¥3,798 million (down ¥371 million) |
| Full-year earnings forecast | Net Sales ¥580,000 million / Operating profit ¥32,000 million / Ordinary income ¥32,700 million / Profit attributable to owners of the parent ¥20,000 million / Capital expenditures ¥49,100 million / Depreciation and amortization ¥26,300 million |
| Segment results | Growth Areas Net Sales ¥124,529 million (YoY +5.2%) / Operating profit ¥12,591 million (YoY -8.6%) / Core businesses Net Sales ¥364,964 million (YoY +3.4%) / Operating profit ¥20,033 million (YoY +46.3%) / Developing and other businesses Net Sales ¥81,965 million (YoY -8.8%) / Operating profit ¥1,855 million (YoY -15.2%) / Domestic Business Net Sales ¥483,984 million (YoY -1.5%) / Operating profit ¥17,482 million (YoY -21.2%) / Overseas Business Net Sales ¥87,474 million (YoY +25.1%) / Operating profit ¥16,997 million (YoY +127.4%) |
| Breakdown of Factors Affecting the Change | Unit price variance +¥18.5 billion / Sales volume -¥5.8 billion / Product mix and other factors +¥2.6 billion / Manufacturing expenses -¥2.1 billion / Logistics Costs -¥1.5 billion / Administrative expenses and other costs -¥2.3 billion / Sales promotion expense efficiency -¥0.7 billion / Raw milk prices -¥3.6 billion / Raw Material and Energy Prices -¥5.6 billion / Manufacturing fixed costs (depreciation) -¥1.9 billion / Changes in overseas subsidiaries +¥7.2 billion / Change in operating profit +¥4.8 billion |
| Key KPIs | Indicator name EPS / Value ¥276.02 / Year on year against the same period last year Not disclosed, Indicator name BPS / Value ¥3,403.79 / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 8.4 % / Year on year against the same period last year 2.0% in the previous year, Indicator name ROIC / Value 6.3 % / Year on year against the same period last year 5.7% in the previous year, Indicator name Equity ratio / Value 50.2 % / Year on year against the same period last year 51.2% in the previous year, Indicator name DER / Value 0.43 times / Year on year against the same period last year 0.37 times in the previous year, Indicator name Net debt-to-equity ratio / Value 0.33 times / Year on year against the same period last year 0.26 times in the previous year, Indicator name Employees at fiscal year-end / Value 7,345 people / Year on year against the same period last year 7,453 people in the previous year, Indicator name Milk collected / Value 645 thousand tonnes / Year on year against the same period last year 652 thousand tonnes in the previous year |
| Unit price and quantity metrics | Selling price variance and sales volume are disclosed as factors behind changes in operating profit. For the full year ended March 2026, selling price variance was +¥18.5 billion and sales volume was -¥5.8 billion |
| Number of stores and locations | The number of stores is not disclosed. A list of business locations is provided, but the number of openings and closures during the period is not disclosed |
| Number of employees | Number of Employees 7,345 people / Change during the period Decreased by 108 people from 7,453 in the previous year / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | US dollars ¥155.0 / Euro ¥180.0 / Australian dollar ¥105.0 / Exchange rate Assumption for the full-year forecast for the fiscal year ending March 2027; average rate for the period |
| Financial targets | Actual ROE, ROIC, equity ratio, DER and net DER are provided. Target values are not disclosed |
| Annual Dividend | Annual dividend per share ¥100.00 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 36.2% (fiscal year ended March 2026) |
| Capital expenditures | 39,337 Millions of yen (fiscal year ended March 2026 actual) |
| Market Size / Share | Chilled cup coffee 37%, No. 1 / Chilled tea beverages 52%, No. 1 / Ice cream 11%, No. 3 / Yogurt 11%, No. 2 / Cheese 10%, No. 4 / Chilled desserts 13%, No. 4 |
| New initiatives | Began manufacturing ice cream products at the Kobe Plant in April 2025 |
Items this document does not state (7)
Progress against full-year forecastSelf-assessment against the planRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders 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.Operating profit for the fiscal year ended March 2026 benefited from selling price variance of ¥18.5 billion, product mix and other factors of ¥2.6 billion, and changes in overseas subsidiaries of ¥7.2 billion. These gains were partly offset by raw material and energy prices of ¥5.6 billion, manufacturing fixed costs of ¥1.9 billion, and administrative expenses and other costs of ¥2.3 billion. For the fiscal year ending March 2027, selling price variance of ¥7.0 billion and product mix and other factors of ¥6.4 billion are expected to contribute to earnings, while raw material and energy prices of ¥8.6 billion, manufacturing fixed costs of ¥2.3 billion, logistics costs of ¥1.0 billion, and changes in overseas subsidiaries of ¥1.5 billion are expected to weigh on earnings.
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.