Worth reading
87Important
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
29
¥100 million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,290 Hundreds of millions of yen+8.0%
Operating profit82 Hundreds of millions of yen-26.0%
Ordinary income86 Hundreds of millions of yen-26.0%
Net income69 Hundreds of millions of yen0.0%
Operating profit margin3.6 %
Results for the three months of the current quarterFor overseas sales in the Food business, results are presented separately for January–March and April–June. The domestic reporting period for the consolidated first quarter is April–June 2026, while the overseas reporting period is January–June 2026. Consolidated revenue was ¥229.0 billion and operating income was ¥8.2 billion.
Full-year earnings forecast
Net Sales
6,185 Hundreds of millions of yen
Operating profit
300 Hundreds of millions of yen
Ordinary income
309 Hundreds of millions of yen
Net income
204 Hundreds of millions of yen
EPS
¥81.4
EBITDA
509 Hundreds of millions of yen
ROIC
5.1 %
ROE
7 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Food business_full-year operating income
Impact of price revisions106
Impact of higher revenue20
Raw material and procurement costs due to foreign exchange impact-7
Raw material and procurement costs (excluding foreign exchange impact)-45
Impact of overseas affiliates' results-6
Other-4
Impact of the situation in the Middle East-35
Change in miscellaneous expenses-26
Impact of system outages-2
Execution risk-15
Cold-chain logistics business_full-year operating income
Impact of revenue growth in the domestic business10
Collection of appropriate charges12
Overseas expansion7
Impact of the situation in the Middle East-3
Impact of system outages-4
Cost increase (outsourcing expenses)-9
Cost increase (energy)-3
Other-4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- USD/JPY¥159
- Euro/Japanese yen¥184
- Baht/Japanese yen¥4.7
New initiatives
- Strengthening cybersecurity and preventing recurrence of system outages
- Launching new products in the Food business, promotions, price revisions from August and strategic pricing
- Launching new and renewed products in autumn 2026
- A new management policy positioning TSR as a key management indicator
- A business portfolio strategy based on four quadrants: domestic and overseas, and Food and Logistics
Key KPIsA metric the company considers important as a management benchmark.
- Total overseas revenue982 Hundreds of millions of yen+19.0%
- Overseas sales ratio (N-FIT 2035 target)40 %
- Group-wide ROIC5.1 %
- Food business simplified ROIC5.8 %
- Cold-chain logistics simplified ROIC5.2 %
- SCI household frozen prepared-food spending per 100 people (total market)102 % year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Revenue growth rate for household frozen foods1 %Unit price_pct7Volume_pct-6
- Revenue growth rate for commercial frozen prepared foods4 %Unit price_pct4Volume_pct-1
Segment results
Food
Net Sales
1,247 Hundreds of millions of yen+2.0%
Operating profit
38 Hundreds of millions of yen-40.0%
Cold-Chain Logistics
Net Sales
1,078 Hundreds of millions of yen+16.0%
Operating profit
51 Hundreds of millions of yen+1.0%
Real Estate
Net Sales
13 Hundreds of millions of yen+4.0%
Operating profit
5 Hundreds of millions of yen+1.0%
Other
Net Sales
11 Hundreds of millions of yen-20.0%
Operating profit
-2 Hundreds of millions of yen
Medium-term management plan targets
N-FIT 2035
Operating profit margin10 %
ROIC10 %
unit_ROIC%
Overseas Revenue Mix40 %
unit_Overseas sales ratio%
Operating income CAGR8 %
unit_Operating income CAGR% or higher
Financial targets
ROIC
Target10 %
Actual and forecast5.1 %
ROE
Actual and forecast7 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Negative impact of system outages
Net Sales-50 Hundreds of millions of yen
Operating profit-8 Hundreds of millions of yen
Operating profit unitHundreds of millions of yen
Extraordinary loss-10 Hundreds of millions of yen
unit_Extraordinary lossHundreds of millions of yen
Execution risk in the Food business
-15 Hundreds of millions of yen
Impact of deviation from plan in the overseas cold-chain logistics business
-11 Hundreds of millions of yen
Capital expenditures
114 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | 2,290 Hundreds of millions of yen (YoY +8.0%) |
| Operating profit | 82 Hundreds of millions of yen (YoY -26.0%) |
| Ordinary income | 86 Hundreds of millions of yen (YoY -26.0%) |
| Net income | 69 Hundreds of millions of yen (YoY 0.0%) |
| Operating profit margin | 3.6 % |
| Results for the three months of the current quarter | For overseas sales in the Food business, results are presented separately for January–March and April–June. The domestic reporting period for the consolidated first quarter is April–June 2026, while the overseas reporting period is January–June 2026. Consolidated revenue was ¥229.0 billion and operating income was ¥8.2 billion. |
| Full-year earnings forecast | Net Sales 6,185 Hundreds of millions of yen / Operating profit 300 Hundreds of millions of yen / Ordinary income 309 Hundreds of millions of yen / Net income 204 Hundreds of millions of yen / EPS ¥81.4 / EBITDA 509 Hundreds of millions of yen / ROIC 5.1 % / ROE 7 % |
| Segment results | Food Net Sales 1,247 Hundreds of millions of yen (YoY +2.0%) / Operating profit 38 Hundreds of millions of yen (YoY -40.0%) / Cold-Chain Logistics Net Sales 1,078 Hundreds of millions of yen (YoY +16.0%) / Operating profit 51 Hundreds of millions of yen (YoY +1.0%) / Real Estate Net Sales 13 Hundreds of millions of yen (YoY +4.0%) / Operating profit 5 Hundreds of millions of yen (YoY +1.0%) / Other Net Sales 11 Hundreds of millions of yen (YoY -20.0%) / Operating profit -2 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Food business_full-year operating income Impact of price revisions 106 / Impact of higher revenue 20 / Raw material and procurement costs due to foreign exchange impact -7 / Raw material and procurement costs (excluding foreign exchange impact) -45 / Impact of overseas affiliates' results -6 / Other -4 / Impact of the situation in the Middle East -35 / Change in miscellaneous expenses -26 / Impact of system outages -2 / Execution risk -15 / Cold-chain logistics business_full-year operating income Impact of revenue growth in the domestic business 10 / Collection of appropriate charges 12 / Overseas expansion 7 / Impact of the situation in the Middle East -3 / Impact of system outages -4 / Cost increase (outsourcing expenses) -9 / Cost increase (energy) -3 / Other -4 |
| Key KPIs | Total overseas revenue 982 Hundreds of millions of yen (YoY +19.0%), Overseas sales ratio (N-FIT 2035 target) 40 %, Group-wide ROIC 5.1 %, Food business simplified ROIC 5.8 %, Cold-chain logistics simplified ROIC 5.2 %, SCI household frozen prepared-food spending per 100 people (total market) 102 % year on year |
| Unit price and quantity metrics | Revenue growth rate for household frozen foods 1 %, Revenue growth rate for commercial frozen prepared foods 4 % |
| Assumptions Underlying the Business Outlook | USD/JPY ¥159, Euro/Japanese yen ¥184, Baht/Japanese yen ¥4.7 |
| Risk amount incorporated into the outlook | Negative impact of system outages Net Sales -50 Hundreds of millions of yen / Operating profit -8 Hundreds of millions of yen / Operating profit unit Hundreds of millions of yen / Extraordinary loss -10 Hundreds of millions of yen / unit_Extraordinary loss Hundreds of millions of yen / Execution risk in the Food business -15 Hundreds of millions of yen / Impact of deviation from plan in the overseas cold-chain logistics business -11 Hundreds of millions of yen |
| Medium-term management plan targets | N-FIT 2035 Operating profit margin 10 % / ROIC 10 % / unit_ROIC % / Overseas Revenue Mix 40 % / unit_Overseas sales ratio % / Operating income CAGR 8 % / unit_Operating income CAGR % or higher |
| Financial targets | ROIC Target 10 % / Actual and forecast 5.1 % / ROE Target Not disclosed / Actual and forecast 7 % |
| Capital expenditures | 114 Hundreds of millions of yen |
| New initiatives | Strengthening cybersecurity and preventing recurrence of system outages, Launching new products in the Food business, promotions, price revisions from August and strategic pricing, Launching new and renewed products in autumn 2026, A new management policy positioning TSR as a key management indicator, A business portfolio strategy based on four quadrants: domestic and overseas, and Food and Logistics |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 benefited from growth in overseas sales in the core businesses. Operating income was affected by lower earnings in the Food business, policy-related costs including structural reforms, higher raw material, procurement and electricity costs, and system outages. The downward revision to full-year profit forecasts reflects responses to the system outages, the situation in the Middle East and progress in the core businesses.
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.