Worth reading
62In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
32.8
% (year-on-year decline in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 January 2025 to 31 December 2025ConsolidatedIFRSNet Sales3,432,483百万円（売上収益・酒税込み）Year on year +0.4%Progress 95.9%
Operating profit221,198¥ millionYear on year -32.8%Progress 79.0%
Net income attributable to owners of the parent86,583¥ millionYear on year -50.8%
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 share126円26銭
Operating Margin7.2％（売上収益・酒税控除後）
Financial position at period-end
Total assets6,579,509¥ million
of which net assets 3,744,280 ¥ millionEquity ratio 47.0%vs. prior year-end +0.2pt
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+284,195
Investment-175,944
Financials-95,793
Net change+12,458
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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 period¥270,464 million
Segment revenueBeverages and food products 1,722,005 百万円（酒税込み） (YoY +2.0%), Alcoholic beverages 1,387,038 百万円（酒税込み） (YoY -0.4%), Other 323,439 百万円（酒税込み） (YoY -3.8%)
Segment profitBeverages and food products ¥174,594 million (YoY -5.4%), Alcoholic beverages ¥103,120 million (YoY -42.9%), Other ¥20,451 million (YoY -38.9%)
Regional salesRegion Japan / Current fiscal year 1,745,129 百万円（酒税込み） / Previous period 1,707,813 百万円（酒税込み） / yoy_pct Not disclosed, Region Americas / Current fiscal year 581,234 百万円（酒税込み） / Previous period 599,219 百万円（酒税込み） / yoy_pct Not disclosed, Region Europe / Current fiscal year 519,292 百万円（酒税込み） / Previous period 493,522 百万円（酒税込み） / yoy_pct Not disclosed, Region Asia and Oceania / Current fiscal year 586,826 百万円（酒税込み） / Previous period 617,393 百万円（酒税込み） / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales3,580,000 百万円（売上収益・酒税込み） (YoY +4.3%)
Operating profit¥280,000 million (YoY +26.6%)
Ordinary incomeNot disclosed
Net income¥115,000 million (profit attributable to owners of the parent) (YoY +32.8%)
Payout ratio11.1％（2025年12月期実績）
Factors Behind Changes in Business Performance
利益は、当期に計上した商標権の減損と関係会社売却損の影響を受けた。酒類では、海外主要エリアでの市況悪化等の厳しい外部環境と、前期に計上した関係会社売却益の反動が影響した。
Impairment loss¥42,444 million
Breakdown of extraordinary income (loss)Consolidated Not disclosed / Individual Gain on sale of non-current assets ¥7 million, Gain on elimination of shares held in a merged company ¥559 million, Loss on disposal of fixed assets ¥685 million, Loss on sale of shares of subsidiaries and affiliates ¥7,922 million, Other ¥608 million
Depreciation and amortization¥156,604 million (depreciation and amortization)
Issued Shares at Period-End687,136,196
Treasury Shares at Period-End1,380,000
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2025 to 31 December 2025 |
| Net Sales | 3,432,483 百万円（売上収益・酒税込み） (YoY +0.4%) |
| Operating profit | ¥221,198 million (YoY -32.8%) |
| Profit attributable to owners of the parent | ¥86,583 million (YoY -50.8%) |
| Net income per share | 126円26銭 |
| Operating Margin | 7.2％（売上収益・酒税控除後） |
| Equity ratio | End of the current fiscal period 47.0％ / End of previous period 46.8％ |
| Total assets | ¥6,579,509 million |
| Net assets | ¥3,744,280 million (total equity) |
| Cash flows from operating activities | ¥284,195 million |
| Cash flows from investing activities | ¥-175,944 million |
| Cash flows from financing activities | ¥-95,793 million |
| Cash and cash equivalents at end of period | ¥270,464 million |
| Full-year earnings forecast | Net Sales 3,580,000 百万円（売上収益・酒税込み） (YoY +4.3%) / Operating profit ¥280,000 million (YoY +26.6%) / Ordinary income Not disclosed / Net income ¥115,000 million (profit attributable to owners of the parent) (YoY +32.8%) |
| Payout ratio | 11.1％（2025年12月期実績） |
| Segment revenue | Beverages and food products 1,722,005 百万円（酒税込み） (YoY +2.0%), Alcoholic beverages 1,387,038 百万円（酒税込み） (YoY -0.4%), Other 323,439 百万円（酒税込み） (YoY -3.8%) |
| Segment profit | Beverages and food products ¥174,594 million (YoY -5.4%), Alcoholic beverages ¥103,120 million (YoY -42.9%), Other ¥20,451 million (YoY -38.9%) |
| Regional sales | Region Japan / Current fiscal year 1,745,129 百万円（酒税込み） / Previous period 1,707,813 百万円（酒税込み） / yoy_pct Not disclosed, Region Americas / Current fiscal year 581,234 百万円（酒税込み） / Previous period 599,219 百万円（酒税込み） / yoy_pct Not disclosed, Region Europe / Current fiscal year 519,292 百万円（酒税込み） / Previous period 493,522 百万円（酒税込み） / yoy_pct Not disclosed, Region Asia and Oceania / Current fiscal year 586,826 百万円（酒税込み） / Previous period 617,393 百万円（酒税込み） / yoy_pct Not disclosed |
| Depreciation and amortization | ¥156,604 million (depreciation and amortization) |
| Impairment loss | ¥42,444 million |
| Breakdown of extraordinary income (loss) | Consolidated Not disclosed / Individual Gain on sale of non-current assets ¥7 million, Gain on elimination of shares held in a merged company ¥559 million, Loss on disposal of fixed assets ¥685 million, Loss on sale of shares of subsidiaries and affiliates ¥7,922 million, Other ¥608 million |
| Issued Shares at Period-End | 687,136,196 |
| Treasury Shares at Period-End | 1,380,000 |
| Factors Behind Changes in Business Performance | 利益は、当期に計上した商標権の減損と関係会社売却損の影響を受けた。酒類では、海外主要エリアでの市況悪化等の厳しい外部環境と、前期に計上した関係会社売却益の反動が影響した。 |
Items this document does not state (11)
Ordinary incomeRevision to Earnings ForecastAnnual Dividend ForecastShareholder Return PolicyOrders received and order backlogDisclosure regarding the going concern assumptionChange in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results Briefing
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.会社は利益の減少について、当期に計上した商標権の減損と関係会社売却損の影響を挙げている。また、酒類事業では海外主要エリアの市況悪化等の厳しい外部環境や、前期に計上した関係会社売却益の反動が影響したとしている。
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.