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Earnings presentation2266ROKKO BUTTER CO.,LTD.Food

Financial Results Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026

For the interim period, net sales exceeded the initial plan, but operating profit and other profit figures fell short of plan due to higher raw material and packaging prices, the weaker yen and higher costs including labor expenses. As a result, the full-year sales plan was left unchanged, while the plans for operating profit, ordinary profit and net profit were revised downward.

Worth reading
66In focus
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
800
¥ million (reduction from the original full-year operating profit plan)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter (interim period) of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,906 million
Operating profit¥785 million
Ordinary income¥831 million
Net income¥613 million net income attributable to owners of the parent
Gross Profit Margin18.0%
Operating profit margin2.9%
Selling, general and administrative expenses¥4,052 million
Full-year earnings forecast
Net Sales
¥55,000 million
Operating profit
¥1,500 million
Ordinary income
¥1,600 million
Profit attributable to owners of the parent
¥1,400 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Sales exceeded plan, while profit fell short of plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher sales volume+¥0.3 billion
  • Impact of price revisions+¥0.3 billion
  • Lower Expo-related expenses+¥100 million
  • Rising raw material prices-¥0.2 billion
  • Foreign exchange fluctuations-¥0.2 billion
  • Increase in expenses-¥400 million (¥150 million in TV commercial expenses, ¥100 million in higher labor costs, ¥100 million in higher promotional expenses and ¥50 million in other expenses)
  • Group company profit and loss-¥100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumed exchange rate was revised to current levels. Packaging material prices are expected to remain high, the yen depreciation trend is expected to continue, and price revisions for some products are planned from September. Numerical assumptions for exchange rates and raw material prices are Not disclosed.
New initiatives
  • Consideration of integrating sales channels with the ミツヤグループ, expanding overseas sales channels, developing new products and sharing management resources
  • Construction of the QBB plant in Asia to begin, with production scheduled to start in the second half of 2027
  • Price revisions for some products from September 2026
  • Addition of a minimum dividend of ¥20 per share and a dividend payout ratio of at least 40% to the shareholder return policy
  • Addition of a ¥1,000 QUO card to the shareholder benefit program for shareholders holding at least 100 shares for more than 1 year
  • A new promotion for Baby Cheese is scheduled to begin on 17 September 2026
  • Re-airing of commercials for Cheese Dessert 6P is scheduled for November 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Total cheese sales111.2%
  • Baby 4P sales117.8%
  • Cheese Dessert 6P sales (January-June 2026)103.5%
  • Cheese Dessert 6P sales (before the commercial aired)94.6%
  • Cheese Dessert 6P sales (during the commercial airing period)127.0%
  • Cheese Dessert 6P sales (after the commercial aired)112.1%
Segment results
Cheese
Net Sales
¥21,257 million
Revenue vs. plan+1%
Profit
¥597 million
Profit vs. plan-13%
Nuts
Net Sales
¥5,578 million
Revenue vs. plan+3%
Profit
¥174 million
Profit vs. plan-57%
Other
Net Sales
¥71 million
Revenue vs. plan+1%
Profit
¥11 million
Profit vs. plan+10%
Medium-term management plan targets
Revenue for the fiscal year ending December 2027¥62.0 billion
Operating profit for the fiscal year ending December 2027¥4.3 billion
ROE8% or higher
Overseas business revenue targetApproximately ¥2 billion (2027)
Financial targets
ROE targetAt least 8% (fiscal year ending December 2027)
Actual equity ratio54.5%
Market Size / Share
Total cheese market: 104.9% year on year, 六甲バター: 111.2%, Baby 4P: 117.8%
Number of employees
Number of Employees788 people
Change during the periodUp 3 from 785 at the end of 2025
Capital expenditures
¥578 million payments for production facilities and other items
Annual Dividend
¥20 per share for the fiscal year ended December 2025. The interim and year-end breakdown for 2026 is Not disclosed.
Payout ratio
At least 40% (added to the dividend policy)
Acquisition of treasury shares
¥1,195 million
Period29 May 2026 (ToSTNeT-3)
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending December 2026
Net Sales¥26,906 million
Operating profit¥785 million
Ordinary income¥831 million
Net income¥613 million (net income attributable to owners of the parent)
Gross Profit Margin18.0%
Operating profit margin2.9%
Selling, general and administrative expenses¥4,052 million
Full-year earnings forecastNet Sales ¥55,000 million / Operating profit ¥1,500 million / Ordinary income ¥1,600 million / Profit attributable to owners of the parent ¥1,400 million
Self-assessment against the planSales exceeded plan, while profit fell short of plan
Segment resultsCheese Net Sales ¥21,257 million / Revenue vs. plan +1% / Profit ¥597 million / Profit vs. plan -13% / Nuts Net Sales ¥5,578 million / Revenue vs. plan +3% / Profit ¥174 million / Profit vs. plan -57% / Other Net Sales ¥71 million / Revenue vs. plan +1% / Profit ¥11 million / Profit vs. plan +10%
Breakdown of Factors Affecting the ChangeFactors Higher sales volume / Amount +¥0.3 billion, Factors Impact of price revisions / Amount +¥0.3 billion, Factors Lower Expo-related expenses / Amount +¥100 million, Factors Rising raw material prices / Amount -¥0.2 billion, Factors Foreign exchange fluctuations / Amount -¥0.2 billion, Factors Increase in expenses / Amount -¥400 million (¥150 million in TV commercial expenses, ¥100 million in higher labor costs, ¥100 million in higher promotional expenses and ¥50 million in other expenses), Factors Group company profit and loss / Amount -¥100 million
Key KPIsIndicator name Total cheese sales / Value 111.2%, Indicator name Baby 4P sales / Value 117.8%, Indicator name Cheese Dessert 6P sales (January-June 2026) / Value 103.5%, Indicator name Cheese Dessert 6P sales (before the commercial aired) / Value 94.6%, Indicator name Cheese Dessert 6P sales (during the commercial airing period) / Value 127.0%, Indicator name Cheese Dessert 6P sales (after the commercial aired) / Value 112.1%
Number of employeesNumber of Employees 788 people / Change during the period Up 3 from 785 at the end of 2025
Assumptions Underlying the Business OutlookThe assumed exchange rate was revised to current levels. Packaging material prices are expected to remain high, the yen depreciation trend is expected to continue, and price revisions for some products are planned from September. Numerical assumptions for exchange rates and raw material prices are Not disclosed.
Medium-term management plan targetsRevenue for the fiscal year ending December 2027 ¥62.0 billion / Operating profit for the fiscal year ending December 2027 ¥4.3 billion / ROE 8% or higher / Overseas business revenue target Approximately ¥2 billion (2027)
Financial targetsROE target At least 8% (fiscal year ending December 2027) / Actual equity ratio 54.5%
Annual Dividend¥20 per share for the fiscal year ended December 2025. The interim and year-end breakdown for 2026 is Not disclosed.
Payout ratioAt least 40% (added to the dividend policy)
Acquisition of treasury sharesAmount ¥1,195 million / Period 29 May 2026 (ToSTNeT-3)
Capital expenditures¥578 million (payments for production facilities and other items)
Market Size / ShareTotal cheese market: 104.9% year on year, 六甲バター: 111.2%, Baby 4P: 117.8%
New initiativesConsideration of integrating sales channels with the ミツヤグループ, expanding overseas sales channels, developing new products and sharing management resources, Construction of the QBB plant in Asia to begin, with production scheduled to start in the second half of 2027, Price revisions for some products from September 2026, Addition of a minimum dividend of ¥20 per share and a dividend payout ratio of at least 40% to the shareholder return policy, Addition of a ¥1,000 QUO card to the shareholder benefit program for shareholders holding at least 100 shares for more than 1 year, A new promotion for Baby Cheese is scheduled to begin on 17 September 2026, Re-airing of commercials for Cheese Dessert 6P is scheduled for November 2026
Items this document does not state (7)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk 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.

During the interim period, profit was pressured by soaring raw material and materials prices, yen depreciation exceeding assumptions, and higher costs including labor expenses. The company cited the continued surge in packaging material prices, a revision of the assumed exchange rate to reflect the ongoing yen depreciation trend, and the impact of production stoppages at a subsidiary's plant caused by the Kumamoto Earthquake as reasons for revising the full-year plan downward.

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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 | ROKKO BUTTER CO.,LTD. (2266) timely disclosure | Komori