Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-4.2
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026Non-consolidated (standalone)Japanese GAAPNet Sales86,653Millions of yenYear on year -4.2%Progress 94.2%
Operating profit2,757Millions of yenYear on year -10.4%Progress 84.6%
Ordinary income2,878Millions of yenYear on year -7.3%Progress 87.2%
Net income attributable to owners of the parent1,807Millions of yenYear on year -7.2%Progress 102.7%
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 share¥188.95
Operating Margin3.2%
Financial position at period-end
Total assets38,355Millions of yen
of which net assets 29,885 Millions of yenEquity ratio 77.9%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+1,646
Investment-3,721
Financials-1,075
Net change-3,150
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period15,775 Millions of yen
Segment revenueTenant business ¥47,420,310 thousand (YoY +3.3%), External sales business ¥39,233,223 thousand (YoY -12.0%)
Segment profitTenant business ¥2,871,378 thousand (YoY +34.6%), External sales business ¥-113,816 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales92,000 Millions of yen (YoY +6.1%)
Operating profit3,260 Millions of yen (YoY +18.2%)
Ordinary income3,300 Millions of yen (YoY +14.6%)
Net income1,760 Millions of yen (YoY -2.6%)
Annual Dividend Forecast¥38 per share → ¥38 per share（0.0%）
Payout ratio20.1%
Factors Behind Changes in Business Performance
The tenant business reported higher net sales and profit, supported by the stronger rollout of in-house products, a focus on in-store preparation, pricing strategies and inbound demand. In the external sales business, deliveries to stores operated by the PPIH Group increased, while deliveries to major convenience store chains declined as a result of the company’s site strategy, and temporary cost increases also arose in connection with the development of its production structure.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsThe company will construct a new factory, the Aichi Fuso Factory (provisional name), in Fuso Town, Niwa District, Aichi Prefecture. The expected acquisition cost is ¥4.865 billion. Construction is scheduled to begin in June 2026, be completed in December 2027 and commence operations in March 2028.
Impairment loss¥181.681 million. The assets concerned were 14 comprehensive prepared-food stores, 5 sushi specialty stores and 5 Western-style prepared-food stores in the tenant business, as well as some equipment at the rice processing factory and chilled products processing factory, among others, in the external sales business.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,663 thousand, Gain on sale of investment securities ¥151,706 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥21,340 thousand, Impairment Losses ¥181,681 thousand
Depreciation and amortization¥1,093,216 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End10,000,000
Treasury Shares at Period-End533,392
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | 86,653 Millions of yen (YoY -4.2%) |
| Operating profit | 2,757 Millions of yen (YoY -10.4%) |
| Ordinary income | 2,878 Millions of yen (YoY -7.3%) |
| Profit attributable to owners of the parent | 1,807 Millions of yen (YoY -7.2%) |
| Net income per share | ¥188.95 |
| Operating Margin | 3.2% |
| Equity ratio | End of the current fiscal period 77.9% / End of previous period 77.7% |
| Total assets | 38,355 Millions of yen |
| Net assets | 29,885 Millions of yen |
| Cash flows from operating activities | 1,646 Millions of yen |
| Cash flows from investing activities | -3,721 Millions of yen |
| Cash flows from financing activities | -1,075 Millions of yen |
| Cash and cash equivalents at end of period | 15,775 Millions of yen |
| Full-year earnings forecast | Net Sales 92,000 Millions of yen (YoY +6.1%) / Operating profit 3,260 Millions of yen (YoY +18.2%) / Ordinary income 3,300 Millions of yen (YoY +14.6%) / Net income 1,760 Millions of yen (YoY -2.6%) |
| Annual Dividend Forecast | ¥38 per share → ¥38 per share（0.0%） |
| Payout ratio | 20.1% |
| Segment revenue | Tenant business ¥47,420,310 thousand (YoY +3.3%), External sales business ¥39,233,223 thousand (YoY -12.0%) |
| Segment profit | Tenant business ¥2,871,378 thousand (YoY +34.6%), External sales business ¥-113,816 thousand |
| Depreciation and amortization | ¥1,093,216 thousand |
| Impairment loss | ¥181.681 million. The assets concerned were 14 comprehensive prepared-food stores, 5 sushi specialty stores and 5 Western-style prepared-food stores in the tenant business, as well as some equipment at the rice processing factory and chilled products processing factory, among others, in the external sales business. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,663 thousand, Gain on sale of investment securities ¥151,706 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥21,340 thousand, Impairment Losses ¥181,681 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | The company will construct a new factory, the Aichi Fuso Factory (provisional name), in Fuso Town, Niwa District, Aichi Prefecture. The expected acquisition cost is ¥4.865 billion. Construction is scheduled to begin in June 2026, be completed in December 2027 and commence operations in March 2028. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 10,000,000 |
| Treasury Shares at Period-End | 533,392 |
| Factors Behind Changes in Business Performance | The tenant business reported higher net sales and profit, supported by the stronger rollout of in-house products, a focus on in-store preparation, pricing strategies and inbound demand. In the external sales business, deliveries to stores operated by the PPIH Group increased, while deliveries to major convenience store chains declined as a result of the company’s site strategy, and temporary cost increases also arose in connection with the development of its production structure. |
Items this document does not state (5)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlogChanges in the scope of consolidation
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 external sales business, profit was pressured by a decline in deliveries to major convenience store chains resulting from the company’s site strategy, as well as temporary cost increases associated with the development of its production structure. In the tenant business, net sales and profit increased, supported by the stronger rollout of in-house products, pricing strategies and inbound demand.
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.