Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue increased 1.2%. In processed foods, sales volumes of ham and sausages declined, but higher sales volumes of prepared processed foods and promotional activities contributed to results. In meat, higher selling prices due to soaring market prices and increased sales volumes of imported pork contributed to revenue. Operating profit declined due to higher costs, including raw material prices, limited progress in price revisions, higher procurement costs in the meat business, and inventory valuation losses on some inventories.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 121,788 million yen (YoY +1.2%) |
| Operating profit | 1,490 million yen (YoY -64.6%) |
| Ordinary income | 1,723 million yen (YoY -61.2%) |
| Profit attributable to owners of the parent | 1,539 million yen (YoY -51.8%) |
| Net income per share | ¥64.06 |
| Equity ratio | End of the current fiscal period 58.5 / End of previous period 61.1 |
| Total assets | 128,392 million yen |
| Net assets | 75,878 million yen |
| Cash flows from operating activities | -1,306 million yen |
| Cash flows from investing activities | -2,851 million yen |
| Cash flows from financing activities | 2,673 million yen |
| Cash and cash equivalents at end of period | 8,311 million yen |
| Full-year earnings forecast | Net Sales 243,000 million yen (YoY +1.9%) / Operating profit 4,000 million yen (YoY -46.7%) / Ordinary income 4,400 million yen (YoY -44.5%) / Net income 4,400 million yen (YoY -55.0%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → 243,000 million yen / Operating profit Not disclosed → 4,000 million yen / Ordinary income Not disclosed → 4,400 million yen / Net income Not disclosed → 4,400 million yen |
| Annual Dividend Forecast | 70 yen → 80 yen（+14.3%） |
| Segment revenue | Processed Foods Business 81,590 million yen (YoY -0.0%), Meat Business 40,143 million yen (YoY +3.9%), Other 53 million yen (YoY -14.0%) |
| Segment profit | Processed Foods Business 1,736 million yen (YoY -54.5%), Meat Business -217 million yen, Other -28 million yen |
| Depreciation and amortization | 2,437 million yen |
| Impairment loss | 1 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of fixed assets 489 million yen / Extraordinary loss Loss on disposal of non-current assets 115 million yen, Impairment Losses 1 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | No material changes. The number and names of companies newly included in or excluded from consolidation are Not disclosed. |
| Availability of Supplementary Financial Results Materials | None |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 26,505,581 shares |
| Treasury Shares at Period-End | 2,534,492 shares |
| Factors Behind Changes in Business Performance | Revenue increased 1.2%. In processed foods, sales volumes of ham and sausages declined, but higher sales volumes of prepared processed foods and promotional activities contributed to results. In meat, higher selling prices due to soaring market prices and increased sales volumes of imported pork contributed to revenue. Operating profit declined due to higher costs, including raw material prices, limited progress in price revisions, higher procurement costs in the meat business, and inventory valuation losses on some inventories. |
Items this document does not state (6)
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.The primary factor was the limited pass-through to selling prices amid rising costs, including raw materials, labor and logistics. In processed foods, sales volumes of ham and sausages declined. In meat, procurement costs rose due to soaring market prices, the increase was not sufficiently passed through to selling prices, and inventory valuation losses on some inventories also had an impact.