Komori
Earnings2700KITOKU SHINRYO CO.,LTD.Trading & Wholesale

Financial Results Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

Revenue increased 5.3% year on year for the six-month period, while operating profit declined 83.3% and interim net income attributable to owners of the parent declined 80.2%. Profit fell sharply because gross margin in the core rice business declined significantly as the company prioritized inventory clearance through promotional and pricing measures.

Worth reading
54Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
83.3
% decrease
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAP
Net Sales88,428¥ millionYear on year +5.3%Progress 44.2%
Operating profit880¥ millionYear on year -83.3%Progress 22.0%
Ordinary income851¥ millionYear on year -84.1%Progress 21.3%
Net income attributable to owners of the parent732¥ millionYear on year -80.2%Progress 24.4%

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¥89.57
Financial position at period-end
Total assets48,180¥ million
of which net assets 21,183 ¥ millionEquity ratio 42.6%vs. prior year-end +6.5pt

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 and cash equivalents at end of period¥4,404,628 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥200,000 million (YoY +13.5%)
Operating profit¥4,000 million (YoY -50.2%)
Ordinary income¥4,000 million (YoY -51.0%)
Net income¥3,000 million (YoY -45.7%)
Annual Dividend Forecast¥90 → ¥50(-44.4%)
Factors Behind Changes in Business Performance

Sales for household use and certain prepared-food applications in the rice business struggled, while gross margin declined significantly as the company strengthened promotional and pricing measures to prioritize the clearance of rice harvested in 2025. The feed and poultry egg businesses supported overall earnings, but not enough to offset the decline in profit from the rice business.

Disclosure regarding the going concern assumption

Not applicable.

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 Yes修正再表示 No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Impairment loss¥1,696 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5,745 thousand / Extraordinary loss Loss on sale of fixed assets ¥238 thousand, Loss on Disposal of Fixed Assets ¥9,069 thousand, Impairment Losses ¥1,696 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (a financial results presentation video is scheduled to be released)
Issued Shares at Period-End8,530,000 Shares
Treasury Shares at Period-End343,918 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 June 2026
Net Sales¥88,428 million (YoY +5.3%)
Operating profit¥880 million (YoY -83.3%)
Ordinary income¥851 million (YoY -84.1%)
Profit attributable to owners of the parent¥732 million (YoY -80.2%)
Net income per share¥89.57
Equity ratioEnd of the current fiscal period 42.6 / End of previous period 36.1
Total assets¥48,180 million
Net assets¥21,183 million
Cash and cash equivalents at end of period¥4,404,628 thousand
Full-year earnings forecastNet Sales ¥200,000 million (YoY +13.5%) / Operating profit ¥4,000 million (YoY -50.2%) / Ordinary income ¥4,000 million (YoY -51.0%) / Net income ¥3,000 million (YoY -45.7%)
Annual Dividend Forecast¥90 → ¥50(-44.4%)
Impairment loss¥1,696 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5,745 thousand / Extraordinary loss Loss on sale of fixed assets ¥238 thousand, Loss on Disposal of Fixed Assets ¥9,069 thousand, Impairment Losses ¥1,696 thousand
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (a financial results presentation video is scheduled to be released)
Issued Shares at Period-End8,530,000 Shares
Treasury Shares at Period-End343,918 Shares
Factors Behind Changes in Business PerformanceSales for household use and certain prepared-food applications in the rice business struggled, while gross margin declined significantly as the company strengthened promotional and pricing measures to prioritize the clearance of rice harvested in 2025. The feed and poultry egg businesses supported overall earnings, but not enough to offset the decline in profit from the rice business.
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogDepreciation and amortizationMaterial subsequent events

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.

Sales for household use and certain prepared-food applications struggled amid persistently high rice prices and consumers' preference for saving. Gross margin in the rice business declined significantly as the company strengthened promotional and pricing measures to prioritize the clearance of rice harvested in 2025. The feed and poultry egg businesses supported overall earnings, but not enough to offset the decline in profit from the rice business.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | KITOKU SHINRYO CO.,LTD. (2700) timely disclosure | Komori