Komori
Earnings presentation materials2267YAKULT HONSHA CO.,LTD.Food

Supplementary Explanatory Materials for the Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, revenue increased due to higher overseas sales and the positive impact of the weaker yen, while operating income, ordinary income and profit attributable to owners of the parent declined because of lower revenue from the domestic business and higher selling, general and administrative expenses. The full-year forecasts were revised for both the consolidated and non-consolidated results, with consolidated net sales of ¥510 billion and operating income of ¥43 billion forecast.

Worth reading
49Recurring
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
-1748
¥ millions (year-on-year change in consolidated operating profit)
Wording
Definitive
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings summarySecond quarter (interim period) of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales249,949 Millions of yen+103.6%
Operating profit23,578 Millions of yen+93.1%
Ordinary income32,815 Millions of yen+90.6%
Net income¥24,018 million +98.0%interim net income attributable to owners of the parent
Gross Profit Margin59.1 %
Operating profit margin9.4 %
Selling, general and administrative expenses124,176 Millions of yen
Results for the three months of the current quarter
Net Sales
129,486 Millions of yen+103.9%
Operating profit
13,489 Millions of yen+93.6%
Operating profit by segment
Domestic5,230
Overseas11,717
Other1,407
Adjustments-4,865
Full-year earnings forecast
Net Sales
510,000 Millions of yen
Operating profit
43,000 Millions of yen
Ordinary income
55,500 Millions of yen
Net income
¥46,500 million net profit attributable to owners of the parent
Capital expenditures
83,500 Millions of yen
Research and Development Expenses
10,462 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Foreign exchange impact on overseas revenue15,649 Millions of yen
  • Foreign exchange impact on overseas operating profit2,679 Millions of yen
  • Foreign-exchange impact on interim net income attributable to owners of the parent1,967 Millions of yen
  • Decrease in domestic net sales-9,008 Millions of yen
  • Increase in selling, general and administrative expenses7,579 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Exchange rate
    DetailsThe January-September 2026 average is used to annualize the full-year forecast
  • Exchange rate used to translate the overseas business
    DetailsA comparison of the January-December 2025 average and the January-September 2026 average is provided
New initiatives
  • Research into the feasibility of entering countries where the company has no presence, including local market research
  • New products and product replacements, including Yakult 400 Immunity and Gut Health, Yakult Immunity Balance and Y1000 Sugar-Free
Key KPIsA metric the company considers important as a management benchmark.
  • Overseas sales volume (Asia and Oceania)22,764 Thousand bottles/day
    Year on year against the same period last year+103.4%
  • Overseas sales volume (the Americas)5,879 Thousand bottles/day
    Year on year against the same period last year+97.7%
  • Overseas sales volume (Europe)706 Thousand bottles/day
    Year on year against the same period last year+101.7%
  • Total overseas sales volume29,349 Thousand bottles/day
    Year on year against the same period last year+102.2%
  • Total domestic dairy-product sales volume8,400 Thousand bottles/day
    Year on year against the same period last year+91.7%
  • Yakult series sales volume6,698 Thousand bottles/day
    Year on year against the same period last year+89.6%
  • YL count (overseas)48,941 people
  • Number of overseas trading outlets1,060,487 locations
Segment results
Beverages and food products (Japan)
Net Sales
109,726 Millions of yen+92.4%
Operating profit
10,889 Millions of yen+63.2%
Beverages and food products (Overseas)
Net Sales
132,795 Millions of yen+116.9%
Operating profit
21,594 Millions of yen+126.0%
Other
Net Sales
14,066 Millions of yen+94.3%
Operating profit
1,483 Millions of yen+125.9%
Adjustments
Net Sales
-6,637 Millions of yen
Operating profit
-10,389 Millions of yen
Market Size / Share
Target population and penetration rate are provided (total overseas population: 2,708,546 thousand; penetration rate: 1.08%)
Number of stores and locations
Number at period-end33,768 vending machines; 1,060,487 overseas trading outlets
Number of employees
Number of Employees2,960 people
Change during the period48 people
Capital expenditures
¥37,799 million interim-period actual
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings summary
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales249,949 Millions of yen (YoY +103.6%)
Operating profit23,578 Millions of yen (YoY +93.1%)
Ordinary income32,815 Millions of yen (YoY +90.6%)
Net income¥24,018 million (interim net income attributable to owners of the parent) (YoY +98.0%)
Gross Profit Margin59.1 %
Operating profit margin9.4 %
Selling, general and administrative expenses124,176 Millions of yen
Results for the three months of the current quarterNet Sales 129,486 Millions of yen (YoY +103.9%) / Operating profit 13,489 Millions of yen (YoY +93.6%) / Operating profit by segment Domestic 5,230 / Overseas 11,717 / Other 1,407 / Adjustments -4,865
Full-year earnings forecastNet Sales 510,000 Millions of yen / Operating profit 43,000 Millions of yen / Ordinary income 55,500 Millions of yen / Net income ¥46,500 million (net profit attributable to owners of the parent) / Capital expenditures 83,500 Millions of yen / Research and Development Expenses 10,462 Millions of yen
Segment resultsBeverages and food products (Japan) Net Sales 109,726 Millions of yen (YoY +92.4%) / Operating profit 10,889 Millions of yen (YoY +63.2%) / Beverages and food products (Overseas) Net Sales 132,795 Millions of yen (YoY +116.9%) / Operating profit 21,594 Millions of yen (YoY +126.0%) / Other Net Sales 14,066 Millions of yen (YoY +94.3%) / Operating profit 1,483 Millions of yen (YoY +125.9%) / Adjustments Net Sales -6,637 Millions of yen / Operating profit -10,389 Millions of yen
Breakdown of Factors Affecting the ChangeFactors Foreign exchange impact on overseas revenue / Amount 15,649 Millions of yen, Factors Foreign exchange impact on overseas operating profit / Amount 2,679 Millions of yen, Factors Foreign-exchange impact on interim net income attributable to owners of the parent / Amount 1,967 Millions of yen, Factors Decrease in domestic net sales / Amount -9,008 Millions of yen, Factors Increase in selling, general and administrative expenses / Amount 7,579 Millions of yen
Key KPIsIndicator name Overseas sales volume (Asia and Oceania) / Value 22,764 Thousand bottles/day / Year on year against the same period last year 103.4 Thousand bottles/day, Indicator name Overseas sales volume (the Americas) / Value 5,879 Thousand bottles/day / Year on year against the same period last year 97.7 Thousand bottles/day, Indicator name Overseas sales volume (Europe) / Value 706 Thousand bottles/day / Year on year against the same period last year 101.7 Thousand bottles/day, Indicator name Total overseas sales volume / Value 29,349 Thousand bottles/day / Year on year against the same period last year 102.2 Thousand bottles/day, Indicator name Total domestic dairy-product sales volume / Value 8,400 Thousand bottles/day / Year on year against the same period last year 91.7 Thousand bottles/day, Indicator name Yakult series sales volume / Value 6,698 Thousand bottles/day / Year on year against the same period last year 89.6 Thousand bottles/day, Indicator name YL count (overseas) / Value 48,941 people / Year on year against the same period last year Not disclosed, Indicator name Number of overseas trading outlets / Value 1,060,487 locations / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber at period-end 33,768 vending machines; 1,060,487 overseas trading outlets / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 2,960 people / Change during the period 48 people
Assumptions Underlying the Business OutlookItem Exchange rate / Details The January-September 2026 average is used to annualize the full-year forecast, Item Exchange rate used to translate the overseas business / Details A comparison of the January-December 2025 average and the January-September 2026 average is provided
Capital expenditures¥37,799 million (interim-period actual)
Market Size / ShareTarget population and penetration rate are provided (total overseas population: 2,708,546 thousand; penetration rate: 1.08%)
New initiativesResearch into the feasibility of entering countries where the company has no presence, including local market research, New products and product replacements, including Yakult 400 Immunity and Gut Health, Yakult Immunity Balance and Y1000 Sugar-Free
Items this document does not state (11)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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.

Although overseas net sales and overseas operating income increased due to foreign-exchange effects, the domestic beverages and food business reported lower revenue and profit, while consolidated selling, general and administrative expenses increased by ¥7.579 billion.

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