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49Recurring
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How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales45,586 million yen
Operating profit1,316 million yen
Ordinary income1,673 million yen
Net income1,275 million yen
Operating profit margin2.9
Selling, general and administrative expenses4,821 million yen
Results for the three months of the current quarterStandalone figures for each quarter are presented as the quarterly trends in revenue and operating income for the three months of the current quarter
Full-year earnings forecast
Net Sales
48,500 million yen
Operating profit
1,000 million yen
Ordinary income
1,200 million yen
Net income
1,200 million yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Food business operating income
Improved farm-fattening performance for Kirishima Kurobuta pork, among other factors355
Improved earnings from price increases for pork, processed meat products and processed marine products140
Higher manufacturing costs and SG&A expenses, among other factors-112
Feed business operating income
Profit growth from improved market conditions for marine products and the start of operations at a new eel-farming facility281
Profit decline due to lower sales volumes of fish feed-277
Higher manufacturing costs and SG&A expenses, among other factors-124
New initiatives
- Obtaining halal certification and launching elastin sales in Thailand
- Launching a brain-function-improving ingredient marketed as “Boke Extract”
- Launching sales of fish sausages containing Kirishima Kurobuta pork
- Launching sales of halal-certified Japanese confectionery in Malaysia
- Launching sales of private-label products for meal-delivery companies
Key KPIsA metric the company considers important as a management benchmark.
- Mortality rate at the Ankyu Farm9.1% improvement from the previous fiscal yearYear on year against the same period last year9.1% improvement
- Mortality rate at the Miike Farm1.2% improvement from the previous fiscal yearYear on year against the same period last year1.2% improvement
- Sales volume of prepared ingredients for convenience stores145 % vs. previous fiscal yearYear on year against the same period last year145% increase
- Revenue from the hometown tax payment market108 % vs. previous fiscal yearYear on year against the same period last year108% increase
- Energy intensity10 ％Year on year against the same period last year10% improvement
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume and revenue metrics are disclosed, but their combination with unit prices is not disclosedSegment results
Food Business
Net Sales
22,417 million yen+0.1%
Operating profit
846 million yen+82.7%
Feed business
Net Sales
23,163 million yen-13.7%
Operating profit
1,541 million yen-7.2%
Other Businesses
Net Sales
5 million yen
Operating profit
3 million yen
Annual Dividend
Fiscal year ending March 2026
Annual dividend per share43 yen
Interim Dividend0 yen
Year-end dividend43 yen
Forecast for the fiscal year ending March 2027
Annual dividend per share45 yen
Interim Dividend0 yen
Year-end dividend45 yen
Payout ratio
Rate28 ％
Dividend-on-equity ratio2.8 ％
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | 45,586 million yen |
| Operating profit | 1,316 million yen |
| Ordinary income | 1,673 million yen |
| Net income | 1,275 million yen |
| Operating profit margin | 2.9 |
| Selling, general and administrative expenses | 4,821 million yen |
| Results for the three months of the current quarter | Standalone figures for each quarter are presented as the quarterly trends in revenue and operating income for the three months of the current quarter |
| Full-year earnings forecast | Net Sales 48,500 million yen / Operating profit 1,000 million yen / Ordinary income 1,200 million yen / Net income 1,200 million yen |
| Segment results | Food Business Net Sales 22,417 million yen (YoY +0.1%) / Operating profit 846 million yen (YoY +82.7%) / Feed business Net Sales 23,163 million yen (YoY -13.7%) / Operating profit 1,541 million yen (YoY -7.2%) / Other Businesses Net Sales 5 million yen / Operating profit 3 million yen |
| Breakdown of Factors Affecting the Change | Food business operating income Improved farm-fattening performance for Kirishima Kurobuta pork, among other factors 355 / Improved earnings from price increases for pork, processed meat products and processed marine products 140 / Higher manufacturing costs and SG&A expenses, among other factors -112 / Launch of sales of fish sausages containing Kirishima Kurobuta pork Not disclosed / Feed business operating income Profit growth from improved market conditions for marine products and the start of operations at a new eel-farming facility 281 / Profit decline due to lower sales volumes of fish feed -277 / Higher manufacturing costs and SG&A expenses, among other factors -124 |
| Key KPIs | Indicator name Mortality rate at the Ankyu Farm / Value 9.1% improvement from the previous fiscal year / Year on year against the same period last year 9.1% improvement, Indicator name Mortality rate at the Miike Farm / Value 1.2% improvement from the previous fiscal year / Year on year against the same period last year 1.2% improvement, Indicator name Sales volume of prepared ingredients for convenience stores / Value 145 % vs. previous fiscal year / Year on year against the same period last year 145% increase, Indicator name Revenue from the hometown tax payment market / Value 108 % vs. previous fiscal year / Year on year against the same period last year 108% increase, Indicator name Energy intensity / Value 10 ％ / Year on year against the same period last year 10% improvement |
| Unit price and quantity metrics | Sales volume and revenue metrics are disclosed, but their combination with unit prices is not disclosed |
| Annual Dividend | Fiscal year ending March 2026 Annual dividend per share 43 yen / Interim Dividend 0 yen / Year-end dividend 43 yen / Forecast for the fiscal year ending March 2027 Annual dividend per share 45 yen / Interim Dividend 0 yen / Year-end dividend 45 yen |
| Payout ratio | Rate 28 ％ / Dividend-on-equity ratio 2.8 ％ |
| New initiatives | Obtaining halal certification and launching elastin sales in Thailand, Launching a brain-function-improving ingredient marketed as “Boke Extract”, Launching sales of fish sausages containing Kirishima Kurobuta pork, Launching sales of halal-certified Japanese confectionery in Malaysia, Launching sales of private-label products for meal-delivery companies |
Items this document does not state (14)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders 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 declined due mainly to lower sales volumes of fish feed. Operating income increased due mainly to improved farm-fattening performance for the company’s own Kirishima Kurobuta pork brand. In the feed business, profit increased as a result of improved market conditions for marine products and the start of operations at a new eel-farming facility, but was reduced by lower sales volumes of fish feed and higher manufacturing costs and SG&A expenses.
How to read this page
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