Worth reading
36Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
119.5
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,236 million+3.4%
Operating profit¥651 million+119.5%
Ordinary income¥689 million+120.0%
Net income¥465 million+224.1%
Selling, general and administrative expenses¥3,427 million
Gross Profit Margin
Rate19.2%
Year-on-year change (points)Improved by 1.0 percentage point (from 18.2% to 19.2%)
Operating profit margin
Rate3.1%
Year-on-year change (points)Improved by 1.7 percentage points (from 1.4% to 3.1%)
What the company explained in this material
New initiatives
- Developing private-brand products and expanding sales channels in the meat wholesale business
- Planning and providing high-value-added event meals, and reevaluating and diversifying procurement sources in the food-service contract business
- Developing new senior housing facilities and considering M&A of existing senior housing facilities and other businesses in the nursing care business
- Developing business formats focused on prepared foods and delicatessen shops, and expanding food-service outlets in Southeast Asia in the Hong Kong business
Key KPIsA metric the company considers important as a management benchmark.
- Food-service contract count274 EngagementsYear on year against the same period last yearDown 1
- Residents in fee-based senior housing400 PeopleYear on year against the same period last yearUp 2
- Occupancy rate at fee-based senior housing92.3 %Year on year against the same period last yearUp 1.1 percentage points
- Nursing care support contract holders2,114 PeopleYear on year against the same period last yearUp 31
- Revenue from the Hong Kong wholesale business80,143 HK$ thousandYear on year against the same period last year+102.1%
Segment results
Meat wholesale business
Sales¥4,097 million
Year on year against the same period last year4.4%
Food-service contract business
Sales¥9,181 million
Year on year against the same period last year8.4%
Nursing Care Business
Sales¥5,341 million
Year on year against the same period last year△2.2%
Hong Kong business
Sales¥2,611 million
Year on year against the same period last year△2.1%
Other Businesses
Sales¥4 million
Year on year against the same period last year－%
Financial targets
ROE was 6.9% (2.2% in the previous fiscal year). Target: not disclosedNumber of stores and locations
Number at period-end274 food-service contracts, 45 nursing care locations, 7 fee-based senior housing facilities and 10 Hong Kong food-service outlets
Number of store openings and closures during the periodNursing care locations decreased by 1 home-visit nursing care office and 2 nursing care taxi offices. There was no change in the number of fee-based senior housing facilities. In Hong Kong, the company withdrew from outlets where agreement could not be reached when contracts were renewed.
Number of employees
Number of Employees1,436 People
Change during the periodDown 56 year on year
Annual Dividend
Annual dividend per share¥10
Interim and Year-End BreakdownForecast year-end dividend of ¥10. Interim dividend: not disclosed
Payout ratio
28.9%| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥21,236 million (YoY +3.4%) |
| Operating profit | ¥651 million (YoY +119.5%) |
| Ordinary income | ¥689 million (YoY +120.0%) |
| Net income | ¥465 million (YoY +224.1%) |
| Gross Profit Margin | Rate 19.2% / Year-on-year change (points) Improved by 1.0 percentage point (from 18.2% to 19.2%) |
| Operating profit margin | Rate 3.1% / Year-on-year change (points) Improved by 1.7 percentage points (from 1.4% to 3.1%) |
| Selling, general and administrative expenses | ¥3,427 million |
| Segment results | Meat wholesale business Sales ¥4,097 million / Year on year against the same period last year 4.4% / Food-service contract business Sales ¥9,181 million / Year on year against the same period last year 8.4% / Nursing Care Business Sales ¥5,341 million / Year on year against the same period last year △2.2% / Hong Kong business Sales ¥2,611 million / Year on year against the same period last year △2.1% / Other Businesses Sales ¥4 million / Year on year against the same period last year －% |
| Key KPIs | Indicator name Food-service contract count / Value 274 Engagements / Year on year against the same period last year Down 1, Indicator name Residents in fee-based senior housing / Value 400 People / Year on year against the same period last year Up 2, Indicator name Occupancy rate at fee-based senior housing / Value 92.3 % / Year on year against the same period last year Up 1.1 percentage points, Indicator name Nursing care support contract holders / Value 2,114 People / Year on year against the same period last year Up 31, Indicator name Revenue from the Hong Kong wholesale business / Value 80,143 HK$ thousand / Year on year against the same period last year 102.1 HK$ thousand |
| Number of stores and locations | Number at period-end 274 food-service contracts, 45 nursing care locations, 7 fee-based senior housing facilities and 10 Hong Kong food-service outlets / Number of store openings and closures during the period Nursing care locations decreased by 1 home-visit nursing care office and 2 nursing care taxi offices. There was no change in the number of fee-based senior housing facilities. In Hong Kong, the company withdrew from outlets where agreement could not be reached when contracts were renewed. |
| Number of employees | Number of Employees 1,436 People / Change during the period Down 56 year on year / Hiring plan Not disclosed |
| Financial targets | ROE was 6.9% (2.2% in the previous fiscal year). Target: not disclosed |
| Annual Dividend | Annual dividend per share ¥10 / Interim and Year-End Breakdown Forecast year-end dividend of ¥10. Interim dividend: not disclosed |
| Payout ratio | 28.9% |
| New initiatives | Developing private-brand products and expanding sales channels in the meat wholesale business, Planning and providing high-value-added event meals, and reevaluating and diversifying procurement sources in the food-service contract business, Developing new senior housing facilities and considering M&A of existing senior housing facilities and other businesses in the nursing care business, Developing business formats focused on prepared foods and delicatessen shops, and expanding food-service outlets in Southeast Asia in the Hong Kong business |
Items this document does not state (14)
Results for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders 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.In the meat wholesale business, the factors cited were proprietary purchasing methods and the acquisition of new customers. In the food-service contract business, they included a review of outsourcing contracts and cost management. In the nursing care business, they included acquiring new residents and improving staff retention. In the Hong Kong business, they included rent reduction negotiations and the ability to handle small-lot OEM products. Across the company, higher gross profit and lower selling, general and administrative expenses contributed to the improvement in earnings.
How to read this page
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