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Earnings presentation2590DyDo GROUP HOLDINGS,INC.Food

Summary of Financial Results for the Second Quarter of the Fiscal Year Ending January 2027

In the second quarter of FY2026, revenue and operating profit exceeded the year-earlier period, driven by growth in the overseas beverage business and improved profitability in the domestic beverage business. Full-year forecasts have been revised downward for revenue, while forecasts for operating profit, ordinary profit and net income have been revised upward.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1800
¥ million (difference from the initial full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of FY2026 (fiscal year ending January 2027)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥120,057 million+2.0%
Operating profit¥6,744 million+388.2%
Ordinary income¥4,331 million
Net income2,800 Millions of yen interim net income/loss attributable to owners of the parent
Operating profit margin5.6 %
Full-year earnings forecast
Net Sales
¥246,300 million
Operating profit
¥12,300 million
Ordinary income
¥9,400 million
Net income or loss attributable to owners of the parent
¥6,000 million
EPS
¥189.25
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeding the initial assumptions
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Domestic Beverage Business
¥1,249 million
Overseas beverage business
¥2,117 million
Pharmaceutical-Related Businesses
¥-195 million
Food Business
¥-494 million
Orphan-drug business
¥103 million
Adjustments
¥-315 million
Decrease in depreciation and amortization in the domestic beverage business
¥2,897 million
Domestic beverage business breakdown
Gross profit
¥-1,202 million
Advertising and sales promotion
¥625 million
Other
¥2,118 million
Supplement mail-order business
¥-292 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Turkish lira
FY2026 forecast¥3.2
Polish zloty
FY2026 forecast¥42.85
Chinese yuan
FY2026 forecast¥23.26
New initiatives
  • Complete renewal of product brands in the domestic beverage business
  • Renewal of the vending machine network, withdrawing from unprofitable locations and installing new machines at high-quality locations
  • Price revisions in the vending machine channel
  • Introduction of smart operations at 3 sales offices in Mie Prefecture
  • Expansion of carbonated beverage and water production lines in Turkey
  • Renewal of the water production line in Poland
Key KPIsA metric the company considers important as a management benchmark.
  • Turkish beverage business revenue (local accounting basis)Q1 +45.3%, Q2 +34.2%, cumulative +39.0%
    Year on year against the same period last yearIncluded in the reported figure
  • Turkish beverage business sales volumeQ1 +11.8%, Q2 +3.4%, cumulative +7.3%
    Year on year against the same period last yearIncluded in the reported figure
  • Polish beverage business revenue (local accounting basis)Q1 +12.0%, Q2 -9.3%, cumulative -0.7%
    Year on year against the same period last yearIncluded in the reported figure
  • Polish beverage business sales volumeQ1 +8.0%, Q2 -3.2%, cumulative +1.5%
    Year on year against the same period last yearIncluded in the reported figure
  • Sales productivity per route representative, units soldApproximately 120%
  • Sales productivity per route representative, sales valueApproximately 140%
  • Productivity per route representative, vending machines coveredApproximately 170%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Domestic beverage business sales volume655 million bottles
    Year on year against the same period last year-8.0%
  • Domestic beverage business selling priceSlight increase year on year
    Year on year against the same period last yearSlight increase year on year
  • Gross profit per vending machineContinued to exceed the year-earlier period
    Year on year against the same period last yearImproved
  • Operating profit per vending machineContinued to exceed the year-earlier period
    Year on year against the same period last yearImproved
Segment results
Domestic Beverage Business
Net Sales
¥67,618 million-5.5%
Operating profit
¥2,114 million
Overseas beverage business
Net Sales
¥36,029 million+25.3%
Operating profit
¥5,228 million+68.1%
Pharmaceutical-Related Businesses
Net Sales
¥6,540 million-6.4%
Operating profit
¥267 million-42.2%
Food Business
Net Sales
¥9,517 million-8.5%
Operating profit
¥35 million-93.2%
Orphan-drug business
Net Sales
¥473 million+79.8%
Operating profit
¥-80 million
Medium-term management plan targets
Sales growth rate
9 Annual growth rate %
Target fiscal yearMedium-Term Management Plan 2026
Consolidated operating margin
3 %
Target fiscal yearMedium-Term Management Plan 2026
Consolidated ROIC
4 %
Target fiscal yearMedium-Term Management Plan 2026
ROIC of the domestic beverage business
4 %
Target fiscal yearMedium-Term Management Plan 2026
ROIC of the overseas beverage business
13 %
Target fiscal yearMedium-Term Management Plan 2026
ROIC of non-beverage businesses
0 %
Target fiscal yearMedium-Term Management Plan 2026
Financial targets
Consolidated ROIC
Target4 %
Actual results1.4 %
ROIC of the domestic beverage business
Target4 %
ROIC of the overseas beverage business
Target13 %
ROIC of non-beverage businesses
Target0 %
Capital expenditures
  • ¥13 hundred million
    Investment focusTurkey: expansion of carbonated beverage production line
  • ¥16 hundred million
    Investment focusTurkey: expansion of water production line
  • ¥13 hundred million
    Investment focusPoland: renewal of water production line
  • ¥15 hundred million
    Investment focusPoland: expansion of water production line
  • ¥7 hundred million
    Investment focusPoland: renovation of warehouse and buildings
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of FY2026 (fiscal year ending January 2027)
Net Sales¥120,057 million (YoY +2.0%)
Operating profit¥6,744 million (YoY +388.2%)
Ordinary income¥4,331 million
Net income2,800 Millions of yen (interim net income/loss attributable to owners of the parent)
Operating profit margin5.6 %
Full-year earnings forecastNet Sales ¥246,300 million / Operating profit ¥12,300 million / Ordinary income ¥9,400 million / Net income or loss attributable to owners of the parent ¥6,000 million / EPS ¥189.25
Self-assessment against the planExceeding the initial assumptions
Segment resultsDomestic Beverage Business Net Sales ¥67,618 million (YoY -5.5%) / Operating profit ¥2,114 million / Overseas beverage business Net Sales ¥36,029 million (YoY +25.3%) / Operating profit ¥5,228 million (YoY +68.1%) / Pharmaceutical-Related Businesses Net Sales ¥6,540 million (YoY -6.4%) / Operating profit ¥267 million (YoY -42.2%) / Food Business Net Sales ¥9,517 million (YoY -8.5%) / Operating profit ¥35 million (YoY -93.2%) / Orphan-drug business Net Sales ¥473 million (YoY +79.8%) / Operating profit ¥-80 million
Breakdown of Factors Affecting the ChangeYear-on-year operating profit Domestic Beverage Business ¥1,249 million / Overseas beverage business ¥2,117 million / Pharmaceutical-Related Businesses ¥-195 million / Food Business ¥-494 million / Orphan-drug business ¥103 million / Adjustments ¥-315 million / Decrease in depreciation and amortization in the domestic beverage business ¥2,897 million / Domestic beverage business breakdown Gross profit ¥-1,202 million / Advertising and sales promotion ¥625 million / Other ¥2,118 million / Supplement mail-order business ¥-292 million
Key KPIsIndicator name Turkish beverage business revenue (local accounting basis) / Value Q1 +45.3%, Q2 +34.2%, cumulative +39.0% / Year on year against the same period last year Included in the reported figure, Indicator name Turkish beverage business sales volume / Value Q1 +11.8%, Q2 +3.4%, cumulative +7.3% / Year on year against the same period last year Included in the reported figure, Indicator name Polish beverage business revenue (local accounting basis) / Value Q1 +12.0%, Q2 -9.3%, cumulative -0.7% / Year on year against the same period last year Included in the reported figure, Indicator name Polish beverage business sales volume / Value Q1 +8.0%, Q2 -3.2%, cumulative +1.5% / Year on year against the same period last year Included in the reported figure, Indicator name Sales productivity per route representative, units sold / Value Approximately 120 / Year on year against the same period last year Not disclosed, Indicator name Sales productivity per route representative, sales value / Value Approximately 140 / Year on year against the same period last year Not disclosed, Indicator name Productivity per route representative, vending machines covered / Value Approximately 170 / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Domestic beverage business sales volume / Value 655 million bottles / Year on year against the same period last year -8 million bottles, Indicator name Domestic beverage business selling price / Value Slight increase year on year / Year on year against the same period last year Slight increase year on year, Indicator name Gross profit per vending machine / Value Continued to exceed the year-earlier period / Year on year against the same period last year Improved, Indicator name Operating profit per vending machine / Value Continued to exceed the year-earlier period / Year on year against the same period last year Improved
Assumptions Underlying the Business OutlookTurkish lira FY2026 forecast ¥3.2 / Polish zloty FY2026 forecast ¥42.85 / Chinese yuan FY2026 forecast ¥23.26
Medium-term management plan targetsSales growth rate 9 Annual growth rate (%) / Consolidated operating margin 3 % / Consolidated ROIC 4 % / ROIC of the domestic beverage business 4 % / ROIC of the overseas beverage business 13 % / ROIC of non-beverage businesses 0 %
Financial targetsConsolidated ROIC Target 4 % / Actual results 1.4 % / ROIC of the domestic beverage business Target 4 % / ROIC of the overseas beverage business Target 13 % / ROIC of non-beverage businesses Target 0 %
Capital expenditures¥13 hundred million, ¥16 hundred million, ¥13 hundred million, ¥15 hundred million, ¥7 hundred million
New initiativesComplete renewal of product brands in the domestic beverage business, Renewal of the vending machine network, withdrawing from unprofitable locations and installing new machines at high-quality locations, Price revisions in the vending machine channel, Introduction of smart operations at 3 sales offices in Mie Prefecture, Expansion of carbonated beverage and water production lines in Turkey, Renewal of the water production line in Poland
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.

First-half results, led by the overseas beverage business, have exceeded the initial assumptions, and profitability in the domestic beverage business is expected to continue improving. The decrease in depreciation and amortization expense and improved profitability in the domestic beverage business, together with higher earnings in the overseas beverage business, contributed to operating profit.

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Summary of Financial Results for the Second Quarter of the Fiscal Year Ending January 2027 | DyDo GROUP HOLDINGS,INC. (2590) timely disclosure | Komori