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Earnings2809Kewpie CorporationFood

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending November 2026 (Japanese GAAP) (Consolidated)

During the interim period, revenue exceeded the same period of the previous year, while operating income and ordinary income also increased. However, interim net income attributable to owners of the parent declined due to the reversal of the gain on asset sales recorded in the previous year.

Worth reading
44Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
23.9
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 December 2025–31 May 2026ConsolidatedJapanese GAAP
Net Sales261,648¥ millionYear on year +3.9%Progress 49.4%
Operating profit20,020¥ millionYear on year +23.9%Progress 52.7%
Ordinary income21,518¥ millionYear on year +23.3%Progress 53.8%
Net income attributable to owners of the parent13,214¥ millionYear on year -29.7%

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¥95.95
Financial position at period-end
Total assets486,100¥ million
of which net assets 350,278 ¥ millionEquity ratio 66.9%vs. prior year-end -0.5pt

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 inflows and outflows
Operating+13,028
Investment-8,086
Financials-10,864
Net change-5,922

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¥61,858 million
Segment revenueConsumer products ¥95,620 million (YoY +1.1%), Commercial products ¥93,838 million (YoY +5.3%), Overseas expansion ¥53,600 million (YoY +8.5%), Fruit Solutions ¥8,808 million (YoY +3.0%), Fine chemicals ¥6,587 million (YoY +5.6%), Common ¥3,193 million (YoY -20.7%)
Segment profitConsumer products ¥8,374 million (YoY +46.0%), Commercial products ¥6,878 million (YoY +55.5%), Overseas expansion ¥6,885 million (YoY -12.7%), Fruit Solutions ¥386 million (YoY +38.4%), Fine chemicals ¥-35 million, Common ¥514 million (YoY -22.7%), Corporate Expenses ¥-2,984 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥530,000 million (YoY +3.2%)
Operating profit¥38,000 million (YoY +9.7%)
Ordinary income¥40,000 million (YoY +7.0%)
Profit attributable to owners of the parent¥25,500 million (YoY -16.4%)
Annual Dividend Forecast¥64.00 → ¥65.00
Factors Behind Changes in Business Performance

Revenue increased due to sales volumes of processed egg products and other items in Japan, the successful implementation of price revisions, and strong sales in Asia-Pacific. Operating income increased due to higher domestic revenue, a shift toward higher-value-added products, and greater SCM efficiency. Interim net income attributable to owners of the parent declined due to the reversal of the extraordinary gain arising from asset sales recorded in the previous year.

Disclosure regarding the going concern assumption

None ("There are 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 0 companies / Excluded 0 companies / Company name Not disclosed
Impairment loss¥302 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥452 million, Gain on sale of non-current assets ¥22 million / Extraordinary loss Impairment Losses ¥302 million, Loss on Disposal of Fixed Assets ¥170 million, Other ¥177 million
Depreciation and amortization¥9,543 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End141,500,000 Shares
Treasury Shares at Period-End5,149,801 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 December 2025–31 May 2026
Net Sales¥261,648 million (YoY +3.9%)
Operating profit¥20,020 million (YoY +23.9%)
Ordinary income¥21,518 million (YoY +23.3%)
Profit attributable to owners of the parent¥13,214 million (YoY -29.7%)
Net income per share¥95.95
Equity ratioEnd of the current fiscal period 66.9 / End of previous period 67.4
Total assets¥486,100 million
Net assets¥350,278 million
Cash flows from operating activities¥13,028 million
Cash flows from investing activities¥-8,086 million
Cash flows from financing activities¥-10,864 million
Cash and cash equivalents at end of period¥61,858 million
Full-year earnings forecastNet Sales ¥530,000 million (YoY +3.2%) / Operating profit ¥38,000 million (YoY +9.7%) / Ordinary income ¥40,000 million (YoY +7.0%) / Profit attributable to owners of the parent ¥25,500 million (YoY -16.4%)
Annual Dividend Forecast¥64.00 → ¥65.00
Segment revenueConsumer products ¥95,620 million (YoY +1.1%), Commercial products ¥93,838 million (YoY +5.3%), Overseas expansion ¥53,600 million (YoY +8.5%), Fruit Solutions ¥8,808 million (YoY +3.0%), Fine chemicals ¥6,587 million (YoY +5.6%), Common ¥3,193 million (YoY -20.7%)
Segment profitConsumer products ¥8,374 million (YoY +46.0%), Commercial products ¥6,878 million (YoY +55.5%), Overseas expansion ¥6,885 million (YoY -12.7%), Fruit Solutions ¥386 million (YoY +38.4%), Fine chemicals ¥-35 million, Common ¥514 million (YoY -22.7%), Corporate Expenses ¥-2,984 million
Depreciation and amortization¥9,543 million
Impairment loss¥302 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥452 million, Gain on sale of non-current assets ¥22 million / Extraordinary loss Impairment Losses ¥302 million, Loss on Disposal of Fixed Assets ¥170 million, Other ¥177 million
Disclosure regarding the going concern assumptionNone ("There are no 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 0 companies / Excluded 0 companies / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End141,500,000 Shares
Treasury Shares at Period-End5,149,801 Shares
Factors Behind Changes in Business PerformanceRevenue increased due to sales volumes of processed egg products and other items in Japan, the successful implementation of price revisions, and strong sales in Asia-Pacific. Operating income increased due to higher domestic revenue, a shift toward higher-value-added products, and greater SCM efficiency. Interim net income attributable to owners of the parent declined due to the reversal of the extraordinary gain arising from asset sales recorded in the previous year.
Items this document does not state (7)
Operating MarginRevision 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 due to steady sales volumes of processed egg products and other items in Japan, the successful implementation of price revisions, and strong sales in Asia-Pacific. Operating income increased due to higher domestic revenue, a shift toward higher-value-added products, and greater SCM efficiency. Interim net income declined due to the reversal of the extraordinary gain arising from asset sales recorded in the previous year.

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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 for the Second Quarter (Interim Period) of the Fiscal Year Ending November 2026 (Japanese GAAP) (Consolidated) | Kewpie Corporation (2809) timely disclosure | Komori