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Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

In the first half, revenue increased 4.4% year on year, while operating results moved from a profit to an operating loss due to soaring raw material prices, and ordinary profit and net income also declined. The full-year earnings forecast remains unchanged, while the annual dividend forecast is ¥45, compared with an actual dividend of ¥43 for the previous fiscal year.

Worth reading
56In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
4.4
% (year-on-year change in net sales)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales23,357Millions of yenYear on year +4.4%Progress 48.2%
Operating profit-23Millions of yen
Ordinary income104Millions of yenYear on year -89.2%Progress 8.7%
Net income attributable to owners of the parent319Millions of yenYear on year -56.6%Progress 26.6%

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¥39.08
Financial position at period-end
Total assets32,932Millions of yen
of which net assets 13,501 Millions of yenEquity ratio 41.0%vs. prior year-end -7.1pt

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-3,776
Investment+92
Financials+3,376
Net change-308

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period1,645 Millions of yen
Segment revenueFood Business 10,301 Millions of yen (YoY -5.3%), Feed Business 13,053 Millions of yen (YoY +13.6%)
Segment profitFood Business 408 Millions of yen (YoY +54.1%), Feed Business 124 Millions of yen (YoY -88.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales48,500 Millions of yen (YoY +6.4%)
Operating profit1,000 Millions of yen (YoY -24.1%)
Ordinary income1,200 Millions of yen (YoY -28.3%)
Net income1,200 Millions of yen (YoY -5.9%)
Annual Dividend Forecast43 Yen → 45 Yen(+4.7%)
Factors Behind Changes in Business Performance

Revenue increased due to factors including higher sales volumes of aquaculture feed, but operating results deteriorated due to factors including declining profit margins resulting from soaring raw material prices for compound feed.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 0 Millions of yen, Gain on sale of investment securities 329 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 1 Millions of yen
Depreciation and amortization410 Millions of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End8,910,000 shares
Treasury Shares at Period-End718,279 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales23,357 Millions of yen (YoY +4.4%)
Operating profit-23 Millions of yen
Ordinary income104 Millions of yen (YoY -89.2%)
Profit attributable to owners of the parent319 Millions of yen (YoY -56.6%)
Net income per share¥39.08
Equity ratioEnd of the current fiscal period 41 / End of previous period 48.1
Total assets32,932 Millions of yen
Net assets13,501 Millions of yen
Cash flows from operating activities-3,776 Millions of yen
Cash flows from investing activities92 Millions of yen
Cash flows from financing activities3,376 Millions of yen
Cash and cash equivalents at end of period1,645 Millions of yen
Full-year earnings forecastNet Sales 48,500 Millions of yen (YoY +6.4%) / Operating profit 1,000 Millions of yen (YoY -24.1%) / Ordinary income 1,200 Millions of yen (YoY -28.3%) / Net income 1,200 Millions of yen (YoY -5.9%)
Annual Dividend Forecast43 Yen → 45 Yen(+4.7%)
Segment revenueFood Business 10,301 Millions of yen (YoY -5.3%), Feed Business 13,053 Millions of yen (YoY +13.6%)
Segment profitFood Business 408 Millions of yen (YoY +54.1%), Feed Business 124 Millions of yen (YoY -88.4%)
Depreciation and amortization410 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 0 Millions of yen, Gain on sale of investment securities 329 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 1 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End8,910,000 shares
Treasury Shares at Period-End718,279 shares
Factors Behind Changes in Business PerformanceRevenue increased due to factors including higher sales volumes of aquaculture feed, but operating results deteriorated due to factors including declining profit margins resulting from soaring raw material prices for compound feed.
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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 increased due to factors including higher sales volumes of aquaculture feed. The deterioration in operating results was caused by a decline in profit margins resulting from soaring raw material prices for compound feed, among other factors. The Company expects profit margins to improve through price revisions and the consolidation of product items with a focus on profitability, and states that the impact of soaring raw material prices has already been incorporated into its earnings forecast.

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.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Hayashikane Sangyo Co.,Ltd. (2286) timely disclosure | Komori