Worth reading
75Important
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
19.5
% (year-on-year change in business profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales384,946 Millions of yen+8.7%
Operating profit17,236 Millions of yen-5.6%
Ordinary income¥18,523 million +0.6%profit before tax
Net income¥10,772 million -5.6%profit attributable to owners of the parent
Selling, general and administrative expenses48,604 Millions of yen
Gross Profit Margin
Rate17.1%
Operating profit margin
Rate4.5% (based on operating profit; not stated in the materials)
Results for the three months of the current quarter
Net Sales¥384,946 million
Operating profit¥17,236 million
Profit before quarterly income taxes¥18,523 million
Quarterly profit attributable to owners of the parent¥10,772 million
Business profit¥19,415 million
Full-year earnings forecast
Net Sales
1,500,000 Millions of yen
Operating profit
58,000 Millions of yen
Profit before tax
55,000 Millions of yen
Profit for the period attributable to owners of the parent
38,000 Millions of yen
Business profit
61,000 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.
Consolidated business profitExternal environment: -¥1.6 billion; expenses: -¥1.7 billion; internal improvements: ¥5.7 billion; other: ¥200 million; Australia: -¥1.2 billion; other overseas: ¥700 million; fire impact: -¥1.2 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The materials state that the outlook is affected by external factors such as exchange rates, raw material prices and market conditions, but specific assumptions were not disclosed.New initiatives
- Establishment of the Sports and Entertainment Business Division and changes to reportable segments
- Enhancement of stadium presentation, including the introduction of LED ribbon displays
- A plan targeting the opening of facilities in 2030–2031 in Eniwa, Hokkaido
- Improving operational efficiency and reducing expenses through the use of AI in the processed foods business
- Achieving stable operations at a new domestic pig farm in the meat business and expanding feedlots in the Australian business
Key KPIsA metric the company considers important as a management benchmark.
- ROE7.2 %
- ROIC5.3 %
- EPS¥403.68
- Attendance at Hokkaido Ballpark F Village156 10,000 peopleYear on year against the same period last year-3.7%
- Average attendance at professional baseball games30,729 people/gameYear on year against the same period last year+2.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The materials present sales volume and value by meat category, year-on-year sales by product category and channel in the processed foods business, and average attendance at professional baseball games. A complete breakdown of customer numbers, average spending per customer and other metrics was not disclosed.Segment results
Processed Foods Business Division
Net Sales
1,322 Hundreds of millions of yen+2.5%
Business profit
7 Hundreds of millions of yen-13.9%
Meat Business Division
Net Sales
2,808 Hundreds of millions of yen+12.2%
Business profit
153 Hundreds of millions of yen+20.4%
Sports and Entertainment Business Division
Net Sales
125 Hundreds of millions of yen+13.2%
Business profit
49 Hundreds of millions of yen+29.2%
Eliminations, adjustments and other items
Net Sales
-406 Hundreds of millions of yen
Business profit
-15 Hundreds of millions of yen
Financial targets
ROE
Target value7.2 %
ROIC
Target value5.3 %
Debt-to-equity ratio
Actual value0.47 times
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Approximately ¥2 billion in impairment losses on fixed assets and other items associated with structural reforms, and a -¥3.8 billion fire impact included in the business profit plan.Capital expenditures
¥60,000 million full-year plan
Acquisition of treasury shares
The materials mention an expenditure of ¥10 billion, but the acquisition limit, number of shares and acquisition period were not disclosed.| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 384,946 Millions of yen (YoY +8.7%) |
| Operating profit | 17,236 Millions of yen (YoY -5.6%) |
| Ordinary income | ¥18,523 million (profit before tax) (YoY +0.6%) |
| Net income | ¥10,772 million (profit attributable to owners of the parent) (YoY -5.6%) |
| Gross Profit Margin | Rate 17.1% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 4.5% (based on operating profit; not stated in the materials) / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | 48,604 Millions of yen |
| Results for the three months of the current quarter | Net Sales ¥384,946 million / Operating profit ¥17,236 million / Profit before quarterly income taxes ¥18,523 million / Quarterly profit attributable to owners of the parent ¥10,772 million / Business profit ¥19,415 million |
| Full-year earnings forecast | Net Sales 1,500,000 Millions of yen / Operating profit 58,000 Millions of yen / Profit before tax 55,000 Millions of yen / Profit for the period attributable to owners of the parent 38,000 Millions of yen / Business profit 61,000 Millions of yen |
| Segment results | Processed Foods Business Division Net Sales 1,322 Hundreds of millions of yen (YoY +2.5%) / Business profit 7 Hundreds of millions of yen (YoY -13.9%) / Meat Business Division Net Sales 2,808 Hundreds of millions of yen (YoY +12.2%) / Business profit 153 Hundreds of millions of yen (YoY +20.4%) / Sports and Entertainment Business Division Net Sales 125 Hundreds of millions of yen (YoY +13.2%) / Business profit 49 Hundreds of millions of yen (YoY +29.2%) / Eliminations, adjustments and other items Net Sales -406 Hundreds of millions of yen / Business profit -15 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Consolidated business profit External environment: -¥1.6 billion; expenses: -¥1.7 billion; internal improvements: ¥5.7 billion; other: ¥200 million; Australia: -¥1.2 billion; other overseas: ¥700 million; fire impact: -¥1.2 billion |
| Key KPIs | Indicator name ROE / Value 7.2 % / Year on year against the same period last year Not disclosed, Indicator name ROIC / Value 5.3 % / Year on year against the same period last year Not disclosed, Indicator name EPS / Value ¥403.68 / Year on year against the same period last year Not disclosed, Indicator name Attendance at Hokkaido Ballpark F Village / Value 156 10,000 people / Year on year against the same period last year -3.7 10,000 people, Indicator name Average attendance at professional baseball games / Value 30,729 people/game / Year on year against the same period last year 2 people/game |
| Unit price and quantity metrics | The materials present sales volume and value by meat category, year-on-year sales by product category and channel in the processed foods business, and average attendance at professional baseball games. A complete breakdown of customer numbers, average spending per customer and other metrics was not disclosed. |
| Assumptions Underlying the Business Outlook | The materials state that the outlook is affected by external factors such as exchange rates, raw material prices and market conditions, but specific assumptions were not disclosed. |
| Risk amount incorporated into the outlook | Approximately ¥2 billion in impairment losses on fixed assets and other items associated with structural reforms, and a -¥3.8 billion fire impact included in the business profit plan. |
| Financial targets | ROE Target value 7.2 % / ROIC Target value 5.3 % / Debt-to-equity ratio Actual value 0.47 times |
| Acquisition of treasury shares | The materials mention an expenditure of ¥10 billion, but the acquisition limit, number of shares and acquisition period were not disclosed. |
| Capital expenditures | ¥60,000 million (full-year plan) |
| New initiatives | Establishment of the Sports and Entertainment Business Division and changes to reportable segments, Enhancement of stadium presentation, including the introduction of LED ribbon displays, A plan targeting the opening of facilities in 2030–2031 in Eniwa, Hokkaido, Improving operational efficiency and reducing expenses through the use of AI in the processed foods business, Achieving stable operations at a new domestic pig farm in the meat business and expanding feedlots in the Australian business |
Items this document does not state (10)
Progress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesMedium-term management plan targetsAnnual DividendPayout ratioOrders received and order backlogMarket Size / ShareKey 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.Revenue benefited from higher selling prices for imported meat and Australian beef, as well as growth in the consumer products category of the processed foods business. Business profit benefited from pricing and inventory management for imported meat, improved productivity in domestic chicken production, and increased attendance at sporting and entertainment events, while higher raw material prices, logistics costs and labor costs, together with the weaker yen, weighed on profits in some businesses. Net profit was affected by an increase in income tax expense.
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