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Revision to earnings forecast2288MARUDAI FOOD CO.,LTD.Food Products

Notice of revision to earnings forecasts

The full-year consolidated earnings forecast for the fiscal year ending March 2027 has been revised downward. Revenue has been reduced slightly, while the forecasts for operating profit, ordinary profit and net income attributable to owners of the parent have been reduced substantially.

Worth reading
68In focus
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Direction
Deterioration
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Scale
-4000
million yen
Wording
Avoiding a definitive answer
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Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 14 May 2026
Net Sales245,000→243,000million yen
-0.8%
Operating profit8,000→4,000million yen
-50.0%
Ordinary income8,400→4,400million yen
-47.6%
Profit attributable to owners of the parent6,400→4,400million yen
-31.3%
Net income per share266.8→183.34yen
-31.3%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

In the meat business, sales value is expected to remain firm due to higher unit prices resulting from high market prices, while revenue in the processed foods business is expected to fall below the previous forecast due to delays in price revisions and declines in sales volumes in some categories. Factors affecting profit include the time required for the effects of price revisions to emerge, lower-than-expected revenue in the processed foods business, first-half results coming in ¥2.8 billion below the initial forecast, ¥600 million in higher costs in the second half, and a ¥700 million decline in profit due to unit-price factors.

Previous-period resultsFiscal year ended March 2026: Revenue ¥238,396 million, operating profit ¥7,504 million, ordinary profit ¥7,932 million, net income attributable to owners of the parent ¥9,786 million, basic earnings per share ¥399.89
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales245,000 million yen → 243,000 million yen(-0.8%)
Operating profit8,000 million yen → 4,000 million yen(-50.0%)
Ordinary income8,400 million yen → 4,400 million yen(-47.6%)
Profit attributable to owners of the parent6,400 million yen → 4,400 million yen(-31.3%)
Net income per share¥266.8 yen → ¥183.34 yen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast14 May 2026
Previous-period resultsFiscal year ended March 2026: Revenue ¥238,396 million, operating profit ¥7,504 million, ordinary profit ¥7,932 million, net income attributable to owners of the parent ¥9,786 million, basic earnings per share ¥399.89
Reason for the revisionIn the meat business, sales value is expected to remain firm due to higher unit prices resulting from high market prices, while revenue in the processed foods business is expected to fall below the previous forecast due to delays in price revisions and declines in sales volumes in some categories. Factors affecting profit include the time required for the effects of price revisions to emerge, lower-than-expected revenue in the processed foods business, first-half results coming in ¥2.8 billion below the initial forecast, ¥600 million in higher costs in the second half, and a ¥700 million decline in profit due to unit-price factors.
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Details and amount of extraordinary loss

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.

Progress on price revisions in the processed foods business has been slow, and sales volumes in some categories, including ham and sausages, have declined. In addition, first-half results were below the initial forecast, while higher costs and lower profit due to unit-price factors in the second half will weigh on profit. Although extraordinary gains from the partial sale of investment securities are expected, net income will also be revised downward due to declines in operating profit and ordinary profit.

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Notice of revision to earnings forecasts | MARUDAI FOOD CO.,LTD. (2288) timely disclosure | Komori