Worth reading
31Immaterial
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
10
JPY millionsWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&ASecond quarter (interim period) of the fiscal year ending December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Full-year earnings forecastOnly the downward revision made in August 2026 is mentioned. Itemized figures: Not disclosed
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- The future earnings environment amid high raw material costs and yen depreciation, and additional price revisions
- Factory damage and the amount of damage caused by the Kumamoto earthquake
- Policy for using treasury shares
- Factors behind the Nuts Business falling short of plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Soaring packaging costs
- Yen depreciation
- Delays in passing on costs through private-label product prices
- Insufficient negotiating power when procuring packaging materials in the Nuts Business
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- High raw material costs are expected to continue for the foreseeable future
- The foreign-exchange outlook remains uncertain
- Future market and price trends
New initiatives
- Price revisions for some products, including cheese desserts
- Additional price revisions will be considered depending on market and price trends
- Consideration of using treasury shares for the stock compensation plan, cancelling them and reissuing them
Segment results
The company explained that the Nuts Business had a larger shortfall versus plan than the Cheese Business. Figures: Not disclosedAcquisition of treasury shares
The company repurchased its own shares during the period. The acquisition amount, number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending December 2026 |
| Full-year earnings forecast | Only the downward revision made in August 2026 is mentioned. Itemized figures: Not disclosed |
| Segment results | The company explained that the Nuts Business had a larger shortfall versus plan than the Cheese Business. Figures: Not disclosed |
| Breakdown of Factors Affecting the Change | Soaring packaging costs, Yen depreciation, Delays in passing on costs through private-label product prices, Insufficient negotiating power when procuring packaging materials in the Nuts Business |
| Assumptions Underlying the Business Outlook | High raw material costs are expected to continue for the foreseeable future, The foreign-exchange outlook remains uncertain, Future market and price trends |
| Acquisition of treasury shares | The company repurchased its own shares during the period. The acquisition amount, number of shares and period: Not disclosed |
| Key points of the Q&A | The future earnings environment amid high raw material costs and yen depreciation, and additional price revisions, Factory damage and the amount of damage caused by the Kumamoto earthquake, Policy for using treasury shares, Factors behind the Nuts Business falling short of plan |
| New initiatives | Price revisions for some products, including cheese desserts, Additional price revisions will be considered depending on market and price trends, Consideration of using treasury shares for the stock compensation plan, cancelling them and reissuing them |
Items this document does not state (22)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlogMarket Size / Share
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 factors cited were soaring packaging costs against the backdrop of worsening conditions in the Middle East, yen depreciation, physical damage to factories from the Kumamoto earthquake, delays in passing on costs through prices of private-label products in the Nuts Business, and insufficient negotiating power when procuring packaging materials.
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.