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Earnings2804BULL-DOG SAUCE CO.,LTD.Food

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, net sales increased 0.3% year on year, while operating profit declined 5.9%. Ordinary profit increased 28.6%, mainly due to gains on the sale of investment securities, while interim net income attributable to owners of the parent declined 66.0%.

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Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales7,400¥ millionYear on year +0.3%Progress 48.7%
Operating profit284¥ millionYear on year -5.9%Progress 45.8%
Ordinary income1,042¥ millionYear on year +28.6%Progress 77.2%
Net income attributable to owners of the parent702¥ millionYear on year -66.0%

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¥56.64
Financial position at period-end
Total assets37,447¥ million
of which net assets 26,121 ¥ millionEquity ratio 69.8%vs. prior year-end +2.1pt

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-172
Investment+930
Financials-1,504
Net change-746

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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 period¥3,988 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥15,200 million (YoY +3.5%)
Operating profit¥620 million (YoY +1.1%)
Ordinary income¥1,350 million (YoY +2.4%)
Profit attributable to owners of the parent¥950 million (YoY -61.1%)
Annual Dividend Forecast¥45 → ¥45(0.0%)
Shareholder Return PolicyTotal payout ratio of at least 60%
Factors Behind Changes in Business Performance

Sales of household sauces declined due to weak sales in Western Japan. Foodservice sauces posted higher sales, led by strong sales for supermarket prepared-food applications. Dressings, sauces and other products also posted higher sales due to increased distribution. Exports benefited from an increase in Japanese restaurants in Europe and expanding demand, while the Shanghai subsidiary benefited from proposals for new menu items to existing customers and approaches to new customers. In terms of profit, although the costs of some materials and electricity and other expenses increased, the company worked to improve production efficiency and review material specifications.

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
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 million, Impairment loss on investment securities ¥5 million
Depreciation and amortization¥570 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End13,208,780 shares
Treasury Shares at Period-End1,034,863 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥7,400 million (YoY +0.3%)
Operating profit¥284 million (YoY -5.9%)
Ordinary income¥1,042 million (YoY +28.6%)
Profit attributable to owners of the parent¥702 million (YoY -66.0%)
Net income per share¥56.64
Equity ratioEnd of the current fiscal period 69.8 / End of previous period 67.7
Total assets¥37,447 million
Net assets¥26,121 million
Cash flows from operating activities¥-172 million
Cash flows from investing activities¥930 million
Cash flows from financing activities¥-1,504 million
Cash and cash equivalents at end of period¥3,988 million
Full-year earnings forecastNet Sales ¥15,200 million (YoY +3.5%) / Operating profit ¥620 million (YoY +1.1%) / Ordinary income ¥1,350 million (YoY +2.4%) / Profit attributable to owners of the parent ¥950 million (YoY -61.1%)
Annual Dividend Forecast¥45 → ¥45(0.0%)
Shareholder Return PolicyTotal payout ratio of at least 60%
Depreciation and amortization¥570 million
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 million, Impairment loss on investment securities ¥5 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End13,208,780 shares
Treasury Shares at Period-End1,034,863 shares
Factors Behind Changes in Business PerformanceSales of household sauces declined due to weak sales in Western Japan. Foodservice sauces posted higher sales, led by strong sales for supermarket prepared-food applications. Dressings, sauces and other products also posted higher sales due to increased distribution. Exports benefited from an increase in Japanese restaurants in Europe and expanding demand, while the Shanghai subsidiary benefited from proposals for new menu items to existing customers and approaches to new customers. In terms of profit, although the costs of some materials and electricity and other expenses increased, the company worked to improve production efficiency and review material specifications.
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioSegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial 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.

Although the costs of some materials and electricity and other expenses increased, the company worked to improve production efficiency for foodservice products and review material specifications. The increase in ordinary profit was mainly due to gains on the sale of investment securities and other factors.

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Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | BULL-DOG SAUCE CO.,LTD. (2804) timely disclosure | Komori