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Earnings2269Meiji Holdings Co.,Ltd.Food

Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended March 2026, revenue increased 1.7% year on year and operating profit rose 10.2%, while profit attributable to owners of the parent declined 31.0% due to increases in impairment losses and other items. For the fiscal year ending March 2027, the company expects higher revenue and profits, along with annual dividends of ¥110 per share.

Worth reading
54Recurring
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
10.2
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales1,173,688¥ millionYear on year +1.7%Progress 96.8%
Operating profit93,307¥ millionYear on year +10.2%Progress 93.3%
Ordinary income96,571¥ millionYear on year +17.7%Progress 95.6%
Net income attributable to owners of the parent35,076¥ millionYear on year -31.0%Progress 56.1%

The 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.

Net income per share¥129.42
Operating Margin7.9%
Financial position at period-end
Total assets1,261,759¥ million
of which net assets 817,552 ¥ millionEquity ratio 61.2%vs. prior year-end -2.0pt

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.

Cash inflows and outflows
Operating+56,522
Investment-110,375
Financials+34,603
Net change-19,250

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.

Cash and cash equivalents at end of period¥49,611 million
Segment revenue
Food941,47080.2%+1.9%
Pharmaceuticals232,21819.8%+1.1%
Segment profit
Food68,74669.3%+6.4%
Pharmaceuticals30,46330.7%+23.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,212,000 million (YoY +3.3%)
Operating profit¥100,000 million (YoY +7.2%)
Ordinary income¥101,000 million (YoY +4.6%)
Net income¥62,500 million (YoY +78.2%)
Annual Dividend Forecast¥100 per share → ¥110 per share(+10.0%)
Payout ratio81.1%
Shareholder Return PolicyThe company aims for total payout ratios of at least 50% in each fiscal year and continued increases in dividends per share.
Factors Behind Changes in Business Performance

The company worked to absorb cost increases through price revisions and strengthened value-added proposals for existing products, expanded sales of new products, and increased domestic and overseas sales. In Pharmaceuticals, royalty income, lower research and development expenses, and higher profits at overseas subsidiaries contributed to results. On the other hand, higher raw material costs, drug price revisions, promotional expenses for newly launched products, impairment losses of ¥24,488 million, and losses on the reduction of the book value of fixed assets of ¥11,024 million affected profit.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 2 / Company name Meiji Food Asia Pacific Pte. Ltd., Meiji Pharma Asia Pte. Ltd. / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥24,488 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,990 million, Subsidy Income ¥11,023 million, Other ¥1,143 million / Extraordinary loss Loss on disposal of fixed assets ¥3,237 million, Loss on reduction of fixed assets ¥11,024 million, Impairment Losses ¥24,488 million, Other ¥3,937 million
Depreciation and amortization¥54,954 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End282,200,000
Treasury Shares at Period-End11,098,044
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥1,173,688 million (YoY +1.7%)
Operating profit¥93,307 million (YoY +10.2%)
Ordinary income¥96,571 million (YoY +17.7%)
Profit attributable to owners of the parent¥35,076 million (YoY -31.0%)
Net income per share¥129.42
Operating Margin7.9%
Equity ratioEnd of the current fiscal period 61.2% / End of previous period 63.2%
Total assets¥1,261,759 million
Net assets¥817,552 million
Cash flows from operating activities¥56,522 million
Cash flows from investing activities¥-110,375 million
Cash flows from financing activities¥34,603 million
Cash and cash equivalents at end of period¥49,611 million
Full-year earnings forecastNet Sales ¥1,212,000 million (YoY +3.3%) / Operating profit ¥100,000 million (YoY +7.2%) / Ordinary income ¥101,000 million (YoY +4.6%) / Net income ¥62,500 million (YoY +78.2%)
Annual Dividend Forecast¥100 per share → ¥110 per share(+10.0%)
Payout ratio81.1%
Shareholder Return PolicyThe company aims for total payout ratios of at least 50% in each fiscal year and continued increases in dividends per share.
Segment revenueFood ¥941,470 million (YoY +1.9%) / Pharmaceuticals ¥232,218 million (YoY +1.1%)
Segment profitFood ¥68,746 million (YoY +6.4%) / Pharmaceuticals ¥30,463 million (YoY +23.1%)
Depreciation and amortization¥54,954 million
Impairment loss¥24,488 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,990 million, Subsidy Income ¥11,023 million, Other ¥1,143 million / Extraordinary loss Loss on disposal of fixed assets ¥3,237 million, Loss on reduction of fixed assets ¥11,024 million, Impairment Losses ¥24,488 million, Other ¥3,937 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 2 / Company name Meiji Food Asia Pacific Pte. Ltd., Meiji Pharma Asia Pte. Ltd. / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End282,200,000
Treasury Shares at Period-End11,098,044
Factors Behind Changes in Business PerformanceThe company worked to absorb cost increases through price revisions and strengthened value-added proposals for existing products, expanded sales of new products, and increased domestic and overseas sales. In Pharmaceuticals, royalty income, lower research and development expenses, and higher profits at overseas subsidiaries contributed to results. On the other hand, higher raw material costs, drug price revisions, promotional expenses for newly launched products, impairment losses of ¥24,488 million, and losses on the reduction of the book value of fixed assets of ¥11,024 million affected profit.
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog

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.

Revenue and operating profit benefited from efforts to absorb cost increases through price revisions, value-added proposals for existing products, expanded sales of new products, and increased domestic and overseas sales. Net profit was affected by a substantial increase in extraordinary losses, mainly due to higher impairment losses and losses on the reduction of the book value of fixed assets.

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Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | Meiji Holdings Co.,Ltd. (2269) timely disclosure | Komori