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Earnings2809Kewpie CorporationFood

Financial Results for the Third Quarter of the Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated)

For the cumulative third quarter, revenue increased 3.6% year on year and operating profit increased 17.0%, while net income attributable to owners of the parent decreased 18.2%. Revenue and operating profit increased, but net income declined due to the absence of the gain on sale of fixed assets recorded in the same period of the previous year.

Worth reading
43Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
4596
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 December 2025 to 31 August 2026ConsolidatedJapanese GAAP
Net Sales397,119¥ millionYear on year +3.6%Progress 74.9%
Operating profit31,658¥ millionYear on year +17.0%Progress 83.3%
Ordinary income34,315¥ millionYear on year +17.4%Progress 85.8%
Net income attributable to owners of the parent21,311¥ millionYear on year -18.2%Progress 83.6%

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¥155.50
Financial position at period-end
Total assets482,807¥ million
of which net assets 353,793 ¥ millionEquity ratio 67.9%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.

Segment revenue¥144,502 million (YoY +0.4%), ¥140,971 million (YoY +2.9%), ¥83,664 million (YoY +13.7%), ¥13,504 million (YoY +0.8%), ¥9,748 million (YoY +8.6%), ¥4,728 million (YoY -27.5%)
Segment profit¥11,808 million (YoY +20.8%), ¥11,089 million (YoY +35.1%), ¥11,180 million (YoY +1.0%), ¥577 million (YoY -8.8%), ¥716 million (YoY +73.8%), ¥736 million (YoY -34.1%)
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%)
Net income¥25,500 million (YoY -16.4%)
Annual Dividend Forecast¥64.00 (actual for the fiscal year ended November 2025) → ¥65.00 (forecast for the fiscal year ending November 2026)(+1.6%)
Factors Behind Changes in Business Performance

Revenue increased due to the steady trend in sales volumes of domestic egg-processed products and other items, the penetration of price revisions, strong sales in Asia Pacific, and a recovery in sales in the Americas. Operating profit increased due to higher revenue in the domestic business, a shift toward higher-value-added products, and greater SCM efficiency. Net income decreased due to the absence of the gain on sale of fixed assets 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 0 companies / Excluded 0 companies / Company name None
Impairment loss¥330 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥458 million, Gain on business transfer ¥350 million, Gain on sale of non-current assets ¥19 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥338 million, Impairment Losses ¥330 million, Other ¥345 million
Depreciation and amortization¥14,409 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End141,500,000 shares
Treasury Shares at Period-End6,229,707 treasury shares
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 December 2025 to 31 August 2026
Net Sales¥397,119 million (YoY +3.6%)
Operating profit¥31,658 million (YoY +17.0%)
Ordinary income¥34,315 million (YoY +17.4%)
Profit attributable to owners of the parent¥21,311 million (YoY -18.2%)
Net income per share¥155.50
Equity ratioEnd of the current fiscal period 67.9 / End of previous period 67.4
Total assets¥482,807 million
Net assets¥353,793 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%) / Net income ¥25,500 million (YoY -16.4%)
Annual Dividend Forecast¥64.00 (actual for the fiscal year ended November 2025) → ¥65.00 (forecast for the fiscal year ending November 2026)(+1.6%)
Segment revenue¥144,502 million (YoY +0.4%), ¥140,971 million (YoY +2.9%), ¥83,664 million (YoY +13.7%), ¥13,504 million (YoY +0.8%), ¥9,748 million (YoY +8.6%), ¥4,728 million (YoY -27.5%)
Segment profit¥11,808 million (YoY +20.8%), ¥11,089 million (YoY +35.1%), ¥11,180 million (YoY +1.0%), ¥577 million (YoY -8.8%), ¥716 million (YoY +73.8%), ¥736 million (YoY -34.1%)
Depreciation and amortization¥14,409 million
Impairment loss¥330 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥458 million, Gain on business transfer ¥350 million, Gain on sale of non-current assets ¥19 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥338 million, Impairment Losses ¥330 million, Other ¥345 million
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 0 companies / Excluded 0 companies / Company name None
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End141,500,000 shares
Treasury Shares at Period-End6,229,707 treasury shares
Factors Behind Changes in Business PerformanceRevenue increased due to the steady trend in sales volumes of domestic egg-processed products and other items, the penetration of price revisions, strong sales in Asia Pacific, and a recovery in sales in the Americas. Operating profit increased due to higher revenue in the domestic business, a shift toward higher-value-added products, and greater SCM efficiency. Net income decreased due to the absence of the gain on sale of fixed assets 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 due to the steady trend in sales volumes of domestic egg-processed products and other items, the penetration of price revisions, strong sales in Asia Pacific, and a recovery in sales in the Americas. Operating profit increased due to higher revenue in the domestic business, a shift toward higher-value-added products, and greater SCM efficiency. Net income decreased due to the absence of the gain on sale of fixed assets 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.
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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 Third Quarter of the Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated) | Kewpie Corporation (2809) timely disclosure | Komori