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Presentation materials for financial results2669Kanemi Co.,Ltd.Retail

Financial Results Briefing Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending February 2027

Revenue increased in the interim period of the fiscal year ending February 2027, driven by new store openings and renovations in the tenant business and increased shipments to PPIH in the external sales business. The external sales business moved from a loss to a profit, resulting in a significant increase in ordinary profit, while operating profit in the tenant business declined.

Worth reading
66In 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
485
¥ million (year-on-year increase in ordinary profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsInterim period of the fiscal year ending February 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥44,353 million+3.4%
Operating profit¥1,587 million+40.6%
Ordinary income¥1,646 million+41.7%
Net income¥925 million+34.8%
Operating profit margin3.5
Full-year earnings forecast
Net Sales
¥92,000 million
Operating profit
¥3,260 million
Ordinary income
¥3,300 million
Net income for the current fiscal year
¥1,760 million
Tenant Business sales
¥50,000 million
Tenant Business segment profit
¥2,630 million
External Sales Business sales
¥42,000 million
External Sales Business segment profit
¥630 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Opened 7 new stores as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Tenant Business sales
    Previous period23,323
    New stores280
    Existing stores793
    Store closures-115
    Current fiscal year24,281
  • Tenant business operating profit
    Previous period1,307
    Net Sales958
    Procurement-793
    Personnel Expenses-152
    Other expenses-101
    Current fiscal year1,218
  • External Sales Business sales
    Previous period19,568
    PPIH787
    CVS-372
    Other87
    Current fiscal year20,071
  • External sales business operating profit
    Previous period-178
    Net Sales1,564
    Procurement-526
    Personnel Expenses-316
    Other expenses-173
    Current fiscal year368
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Information available as of the current date and assumptions deemed reasonable. Numerical assumptions: Not disclosed
New initiatives
  • Started new business in the frozen food segment
  • Opening stores in the Tokyo metropolitan area and establishing a manufacturing and logistics system in line with the conversion of PPIH's Olympic group business formats
  • Plans to obtain JFS-B Plus certification at all 13 factories during the current fiscal year
  • Establishment of the KANEMI AWARD
  • Migration to cloud infrastructure using AWS and other services
Key KPIsA metric the company considers important as a management benchmark.
  • Interim net income per share¥97.78
    Year on year against the same period last year+37.6%
  • Equity ratio76.9 %
    Year on year against the same period last year–1.0 percentage points
  • Number of tenant stores290 Location
  • Number of factories13 Factories
  • Number of factories obtaining JFS-B Plus certification5 Factories
Unit price and quantity metricsThese figures show sales broken down by price and volume.
An increase in the number of PPIH product items and in order quantities for individual items
Segment results
  • Tenant business
    Net Sales24,281
    Operating profit1,218
    Operating Profit YoY (%)-6.7
  • External sales business
    Net Sales20,071
    Operating profit368
    Operating Profit YoY (%)The same period last year: a ¥178 million loss
Number of stores and locations
Number of Stores at Period-End290
Stores opened during the period7
Store Closures During the Period2
Number of renovated stores8
Stores opened through format conversion5
Stores closed through format conversion5
Number of factories13
Capital expenditures
¥2,705 million total major investments
Annual Dividend
Annual dividend per share¥38
Interim Dividend¥19
Year-end dividend¥19
Payout ratio
20.4 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredInterim period of the fiscal year ending February 2027
Net Sales¥44,353 million (YoY +3.4%)
Operating profit¥1,587 million (YoY +40.6%)
Ordinary income¥1,646 million (YoY +41.7%)
Net income¥925 million (YoY +34.8%)
Operating profit margin3.5
Full-year earnings forecastNet Sales ¥92,000 million / Operating profit ¥3,260 million / Ordinary income ¥3,300 million / Net income for the current fiscal year ¥1,760 million / Tenant Business sales ¥50,000 million / Tenant Business segment profit ¥2,630 million / External Sales Business sales ¥42,000 million / External Sales Business segment profit ¥630 million
Self-assessment against the planOpened 7 new stores as planned
Segment resultsSegment Tenant business / Net Sales ¥24,281 million / yoy_pct ¥4.1 million / Operating profit ¥1,218 million / Operating Profit YoY (%) ¥-6.7 million, Segment External sales business / Net Sales ¥20,071 million / yoy_pct ¥2.5 million / Operating profit ¥368 million / Operating Profit YoY (%) The same period last year: a ¥178 million loss
Breakdown of Factors Affecting the ChangeSegment Tenant Business sales / Previous period ¥23,323 million / New stores ¥280 million / Existing stores ¥793 million / Store closures ¥-115 million / Current fiscal year ¥24,281 million, Segment Tenant business operating profit / Previous period ¥1,307 million / Net Sales ¥958 million / Procurement ¥-793 million / Personnel Expenses ¥-152 million / Other expenses ¥-101 million / Current fiscal year ¥1,218 million, Segment External Sales Business sales / Previous period ¥19,568 million / PPIH ¥787 million / CVS ¥-372 million / Other ¥87 million / Current fiscal year ¥20,071 million, Segment External sales business operating profit / Previous period ¥-178 million / Net Sales ¥1,564 million / Procurement ¥-526 million / Personnel Expenses ¥-316 million / Other expenses ¥-173 million / Current fiscal year ¥368 million
Key KPIsIndicator name Interim net income per share / Value ¥97.78 / Year on year against the same period last year ¥37.6, Indicator name Equity ratio / Value 76.9 % / Year on year against the same period last year –1.0 percentage points, Indicator name Number of tenant stores / Value 290 Location / Year on year against the same period last year Not disclosed, Indicator name Number of factories / Value 13 Factories / Year on year against the same period last year Not disclosed, Indicator name Number of factories obtaining JFS-B Plus certification / Value 5 Factories / Year on year against the same period last year Not disclosed
Unit price and quantity metricsAn increase in the number of PPIH product items and in order quantities for individual items
Number of stores and locationsNumber of Stores at Period-End 290 / Stores opened during the period 7 / Store Closures During the Period 2 / Number of renovated stores 8 / Stores opened through format conversion 5 / Stores closed through format conversion 5 / Number of factories 13
Assumptions Underlying the Business OutlookInformation available as of the current date and assumptions deemed reasonable. Numerical assumptions: Not disclosed
Annual DividendAnnual dividend per share ¥38 / Interim Dividend ¥19 / Year-end dividend ¥19
Payout ratio20.4 %
Capital expenditures¥2,705 million (total major investments)
New initiativesStarted new business in the frozen food segment, Opening stores in the Tokyo metropolitan area and establishing a manufacturing and logistics system in line with the conversion of PPIH's Olympic group business formats, Plans to obtain JFS-B Plus certification at all 13 factories during the current fiscal year, Establishment of the KANEMI AWARD, Migration to cloud infrastructure using AWS and other services
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition 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.

New store openings and existing-store renovations, increased product development and shipment volumes for PPIH, productivity improvements, and lower raw material procurement costs through collaboration with PPIT contributed to higher revenue and profit. At the same time, one-off costs were incurred, including store-opening preparation expenses, personnel expenses and logistics costs associated with new store openings.

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Financial Results Briefing Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending February 2027 | Kanemi Co.,Ltd. (2669) timely disclosure | Komori