Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
118
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending February 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,456 million+8.8%
Operating profit¥-19 million
Ordinary income¥-20 million
Net income¥-38 million
Selling, general and administrative expenses¥290 million
Gross Profit Margin
Rate18.5%
Year-on-year changeDecreased by 0.9 percentage points
Operating profit margin
Rate-1.3%
Year-on-year changeDown 4.8 percentage points year on year
Results for the three months of the current quarterRevenue of ¥1,456 million, operating loss of ¥19 million, ordinary loss of ¥20 million, and net loss of ¥38 million. Presented as the standalone results for the first quarter.
Full-year earnings forecast
Net Sales
¥6,000,000 thousand
Operating profit
¥126,000 thousand
Ordinary income
¥126,000 thousand
Net income for the current fiscal year
¥95,000 thousand
Operating profit margin
2.1 %
Net profit margin
1.5 %
Dividend per share
¥18
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Loss on Disposal of Fixed Assets¥30 millionDirectionHigher expenses
- Increase in SG&A expenses¥77 millionDirectionHigher expenses
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
For raw material prices and logistics costs, the forecast reflects a certain level of impact within the range ascertainable at present, based on current market conditions and trends to date. Numerical assumptions were not disclosed.New initiatives
- Capture OEM demand through year-round operation of the Toyama Plant
- Expand the lineup and launch new products in the company's own Marone series
- Launch the new Momotaro Mini and Momotaro Azuki products
- Expand sales channels into the Kansai and Chukyo regions by using the Toyama Plant as a logistics hub
- Reform the earnings structure through centralized procurement, automation and labor-saving measures, reduced manufacturing losses, and passing through higher costs in prices
- Electricity contracts using non-fossil certificates derived from renewable energy
- Promote the conversion of refrigerants used in refrigerated warehouses to natural refrigerants
Key KPIsA metric the company considers important as a management benchmark.
- Proprietary products revenue¥432 millionYear on year against the same period last year+50.5%
- OEM manufacturing revenue¥669 millionYear on year against the same period last year-4.6%
- OEM revenue from Morinaga Milk Industry¥316 million
- Morinaga Milk Industry OEM revenue as a percentage of total OEM revenue28.3 %Year on year against the same period last year-2.0%
- Shaved-ice cup salesApproximately double the year-earlier level
Segment results
- Ice Cream DivisionNet Sales¥1,118 millionYear-on-year (%)11.2
- Procurement and Sales DivisionNet Sales¥161 millionYear-on-year (%)6.6
- Japanese Confectionery DivisionNet Sales¥118 millionYear-on-year (%)-11.2
- Logistics and Storage DivisionNet Sales¥58 millionYear-on-year (%)22.4
Medium-term management plan targets
Plan nameONE SEIHYO, BEYOND LIMITS
Period CoveredFiscal years ending February 2027 through February 2029
Target
Fiscal year ending February 2027
Net Sales6,000,000
Operating profit126,000
Operating profit margin2.1%
Ordinary income126,000
Net income for the current fiscal year95,000
ROE5.9%
Fiscal year ending February 2028
Net Sales6,500,000
Operating profit170,000
Operating profit margin2.6%
Ordinary income170,000
Net income for the current fiscal year120,000
ROE6.0%
Fiscal year ending February 2029
Net Sales7,000,000
Operating profit210,000
Operating profit margin3.0%
Ordinary income210,000
Net income for the current fiscal year150,000
ROE6.9%
Comparison with actual resultsResults for the fiscal years ended February 2025 and February 2026 are also presented
Financial targets
ROE
Fiscal year ended February 20258.9%
Fiscal year ended February 20260.7%
Plan for the fiscal year ending February 20275.9%
Fiscal year ending February 2028 plan6.0%
Fiscal year ending February 2029 plan6.9%
Number of stores and locations
References 4 production plants (Niigata, Toyama, Sanjo and Sado), as well as the Hoei and Tokyo locations. The number of stores at period-end and the number of openings and closures during the period were not disclosed.Annual Dividend
Annual¥18 per share
Payout ratio
Not disclosed. The policy for shareholder returns using a benchmark is under consideration.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | ¥1,456 million (YoY +8.8%) |
| Operating profit | ¥-19 million |
| Ordinary income | ¥-20 million |
| Net income | ¥-38 million |
| Gross Profit Margin | Rate 18.5% / Year-on-year change Decreased by 0.9 percentage points |
| Operating profit margin | Rate -1.3% / Year-on-year change Down 4.8 percentage points year on year |
| Selling, general and administrative expenses | ¥290 million |
| Results for the three months of the current quarter | Revenue of ¥1,456 million, operating loss of ¥19 million, ordinary loss of ¥20 million, and net loss of ¥38 million. Presented as the standalone results for the first quarter. |
| Full-year earnings forecast | Net Sales ¥6,000,000 thousand / Operating profit ¥126,000 thousand / Ordinary income ¥126,000 thousand / Net income for the current fiscal year ¥95,000 thousand / Operating profit margin 2.1 % / Net profit margin 1.5 % / Dividend per share ¥18 |
| Segment results | Segment Ice Cream Division / Net Sales ¥1,118 million / Year-on-year (%) 11.2 / Profit Not disclosed, Segment Procurement and Sales Division / Net Sales ¥161 million / Year-on-year (%) 6.6 / Profit Not disclosed, Segment Japanese Confectionery Division / Net Sales ¥118 million / Year-on-year (%) -11.2 / Profit Not disclosed, Segment Logistics and Storage Division / Net Sales ¥58 million / Year-on-year (%) 22.4 / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Loss on Disposal of Fixed Assets / Amount ¥30 million / Direction Higher expenses, Factors Increase in SG&A expenses / Amount ¥77 million / Direction Higher expenses |
| Key KPIs | Indicator name Proprietary products revenue / Value ¥432 million / Year on year against the same period last year ¥50.5 million, Indicator name OEM manufacturing revenue / Value ¥669 million / Year on year against the same period last year ¥-4.6 million, Indicator name OEM revenue from Morinaga Milk Industry / Value ¥316 million / Year on year against the same period last year Not disclosed, Indicator name Morinaga Milk Industry OEM revenue as a percentage of total OEM revenue / Value 28.3 % / Year on year against the same period last year -2 %, Indicator name Shaved-ice cup sales / Value Approximately double the year-earlier level / Year on year against the same period last year Not disclosed |
| Number of stores and locations | References 4 production plants (Niigata, Toyama, Sanjo and Sado), as well as the Hoei and Tokyo locations. The number of stores at period-end and the number of openings and closures during the period were not disclosed. |
| Assumptions Underlying the Business Outlook | For raw material prices and logistics costs, the forecast reflects a certain level of impact within the range ascertainable at present, based on current market conditions and trends to date. Numerical assumptions were not disclosed. |
| Medium-term management plan targets | Plan name ONE SEIHYO, BEYOND LIMITS / Period Covered Fiscal years ending February 2027 through February 2029 / Target Fiscal year ending February 2027 Net Sales 6,000,000 / Operating profit 126,000 / Operating profit margin 2.1% / Ordinary income 126,000 / Net income for the current fiscal year 95,000 / ROE 5.9% / Fiscal year ending February 2028 Net Sales 6,500,000 / Operating profit 170,000 / Operating profit margin 2.6% / Ordinary income 170,000 / Net income for the current fiscal year 120,000 / ROE 6.0% / Fiscal year ending February 2029 Net Sales 7,000,000 / Operating profit 210,000 / Operating profit margin 3.0% / Ordinary income 210,000 / Net income for the current fiscal year 150,000 / ROE 6.9% / Comparison with actual results Results for the fiscal years ended February 2025 and February 2026 are also presented |
| Financial targets | ROE Fiscal year ended February 2025 8.9% / Fiscal year ended February 2026 0.7% / Plan for the fiscal year ending February 2027 5.9% / Fiscal year ending February 2028 plan 6.0% / Fiscal year ending February 2029 plan 6.9% |
| Annual Dividend | Annual ¥18 per share / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Not disclosed. The policy for shareholder returns using a benchmark is under consideration. |
| New initiatives | Capture OEM demand through year-round operation of the Toyama Plant, Expand the lineup and launch new products in the company's own Marone series, Launch the new Momotaro Mini and Momotaro Azuki products, Expand sales channels into the Kansai and Chukyo regions by using the Toyama Plant as a logistics hub, Reform the earnings structure through centralized procurement, automation and labor-saving measures, reduced manufacturing losses, and passing through higher costs in prices, Electricity contracts using non-fossil certificates derived from renewable energy, Promote the conversion of refrigerants used in refrigerated warehouses to natural refrigerants |
Items this document does not state (10)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders 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 strong sales of the company's own shaved-ice cup product in the core ice cream business, as well as the strengthened production system resulting from the operation of the Toyama Plant. Factors affecting earnings included a higher cost ratio due to increased labor, electricity and other costs associated with the Toyama Plant's full-scale operation; higher transportation and warehousing expenses due to increased product inventories; and a ¥30 million loss on the disposal of fixed assets resulting from the removal of existing equipment.
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.