Komori
Earnings2809Kewpie CorporationFood

Summary of Financial Results for the First Quarter of the Fiscal Year Ending November 2026 (Japanese GAAP) (Consolidated)

In the first quarter, revenue increased 3.9% and operating profit rose 35.0%, supported by price revisions and strong sales of egg products. On the other hand, profit attributable to owners of the parent declined 57.8% due to the absence of gains on asset sales recorded in the same period of the previous year. The full-year earnings forecasts remain unchanged.

Worth reading
41Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
35
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 December 2025 to 28 February 2026ConsolidatedJapanese GAAP
Net Sales124,704Millions of yenYear on year +3.9%Progress 23.5%
Operating profit7,810Millions of yenYear on year +35.0%Progress 20.6%
Ordinary income8,680Millions of yenYear on year +33.1%Progress 21.7%
Net income attributable to owners of the parent5,392Millions of yenYear on year -57.8%

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¥38.96
Financial position at period-end
Total assets483,161Millions of yen
of which net assets 349,658 Millions of yenEquity ratio 67.2%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.

Segment revenue
Consumer products45,68436.6%+1.4%
Commercial products46,14037.0%+8.6%
Overseas expansion24,29219.5%+1.4%
Fruit Solutions3,9103.1%+4.6%
Fine chemicals3,0882.5%+0.2%
Common1,5881.3%-9.4%
Segment profit
Consumer products3,449+94.2%
Commercial products3,076+68.5%
Overseas expansion2,795-27.0%
Fruit Solutions179
Fine chemicals-567
Common187-35.1%
Corporate Expenses-1,310
Outlook and shareholder returns
Full-year earnings forecast
Net Sales530,000 Millions of yen (YoY +3.2%)
Operating profit38,000 Millions of yen (YoY +9.7%)
Ordinary income40,000 Millions of yen (YoY +7.0%)
Profit attributable to owners of the parent25,500 Millions of yen (YoY -16.4%)
Annual Dividend Forecast¥64.00 → ¥65.00(+1.6%)
Factors Behind Changes in Business Performance

Revenue increased on price revisions in Japan, strong sales of egg products, and strong sales in Asia Pacific. Operating profit rose on higher revenue in Japan, a shift toward higher value-added products, and SCM efficiencies. Profit attributable to owners of the parent declined due to the absence of extraordinary gains from asset sales recorded in the same period of the previous year.

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 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
Impairment lossNone applicable (material impairment loss related to non-current assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 220 Millions of yen / Gain on sale of non-current assets 7 Millions of yen / Extraordinary loss Loss on Disposal of Fixed Assets 81 Millions of yen / Loss on termination of retirement benefit plans 76 Millions of yen / Other 23 Millions of yen
Depreciation and amortization4,726 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End141,500,000 Shares
Treasury Shares at Period-End3,675,004 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 December 2025 to 28 February 2026
Net Sales124,704 Millions of yen (YoY +3.9%)
Operating profit7,810 Millions of yen (YoY +35.0%)
Ordinary income8,680 Millions of yen (YoY +33.1%)
Profit attributable to owners of the parent5,392 Millions of yen (YoY -57.8%)
Net income per share¥38.96
Equity ratioEnd of the current fiscal period 67.2 / End of previous period 67.4
Total assets483,161 Millions of yen
Net assets349,658 Millions of yen
Full-year earnings forecastNet Sales 530,000 Millions of yen (YoY +3.2%) / Operating profit 38,000 Millions of yen (YoY +9.7%) / Ordinary income 40,000 Millions of yen (YoY +7.0%) / Profit attributable to owners of the parent 25,500 Millions of yen (YoY -16.4%)
Annual Dividend Forecast¥64.00 → ¥65.00(+1.6%)
Segment revenueConsumer products 45,684 Millions of yen (YoY +1.4%) / Commercial products 46,140 Millions of yen (YoY +8.6%) / Overseas expansion 24,292 Millions of yen (YoY +1.4%) / Fruit Solutions 3,910 Millions of yen (YoY +4.6%) / Fine chemicals 3,088 Millions of yen (YoY +0.2%) / Common 1,588 Millions of yen (YoY -9.4%)
Segment profitConsumer products 3,449 Millions of yen (YoY +94.2%) / Commercial products 3,076 Millions of yen (YoY +68.5%) / Overseas expansion 2,795 Millions of yen (YoY -27.0%) / Fruit Solutions 179 Millions of yen / Fine chemicals -567 Millions of yen / Common 187 Millions of yen (YoY -35.1%) / Corporate Expenses -1,310 Millions of yen
Depreciation and amortization4,726 Millions of yen
Impairment lossNone applicable (material impairment loss related to non-current assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 220 Millions of yen / Gain on sale of non-current assets 7 Millions of yen / Extraordinary loss Loss on Disposal of Fixed Assets 81 Millions of yen / Loss on termination of retirement benefit plans 76 Millions of yen / Other 23 Millions of yen
Disclosure regarding the going concern assumptionNot applicable.
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 BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End141,500,000 Shares
Treasury Shares at Period-End3,675,004 Shares
Factors Behind Changes in Business PerformanceRevenue increased on price revisions in Japan, strong sales of egg products, and strong sales in Asia Pacific. Operating profit rose on higher revenue in Japan, a shift toward higher value-added products, and SCM efficiencies. Profit attributable to owners of the parent declined due to the absence of extraordinary gains from asset sales recorded in the same period of the previous year.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial 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.

Revenue increased on price revisions in Japan, strong sales of egg products, and strong sales in Asia Pacific. Operating profit rose on higher revenue in Japan, a shift toward higher value-added products, and SCM efficiencies, while net income declined due to the absence of extraordinary gains from asset sales recorded in the same period of the previous year.

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.
Summary of Financial Results for the First Quarter of the Fiscal Year Ending November 2026 (Japanese GAAP) (Consolidated) | Kewpie Corporation (2809) timely disclosure | Komori