Worth reading
69In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
25.7
Year-on-year change in operating profit (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending February 2027, second quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,870 million yen+24.9%
Operating profit139 million yen-25.7%
Ordinary income141 million yen-29.9%
Net income80 million yen-39.6%
Operating profit margin3.6 %
Selling, general and administrative expenses655 million yen
Results for the three months of the current quarterQuarterly trends in revenue and operating profit are provided. Revenue for the second quarter of the fiscal year ending February 2027 was ¥2,413 million, and operating profit was ¥141 million.
Full-year earnings forecast
Net Sales
6,000,000 thousand yen
Operating profit
126,000 thousand yen
Ordinary income
126,000 thousand yen
Net income for the current fiscal year
95,000 thousand yen
Operating profit margin
2.1 %
Net profit margin
1.5 %
Dividend per share
18 yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Profit was below the previous forecast, while revenue exceeded the previous forecast. The full-year forecast was left unchanged.Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Persistently high energy costs, rising labor costs, higher packaging material prices and revisions to raw material prices are described qualitatively as assumptions and risks. Numerical assumptions are Not disclosed.New initiatives
- Added “Milk & Cookies” and “Black Tea & Cookies” to the Marone series
- Using the Toyama Plant as a logistics hub to expand distribution channels into the Kansai and Chukyo regions
- Restructuring the earnings model through centralized procurement, investment in automation and labor-saving measures, reductions in manufacturing losses, passing costs through to prices, and full operation of the Toyama Plant
- Changed the record date and delivery timing for shareholder benefits for deliveries from 2027
- Started electricity contracts using non-fossil certificates at the Niigata, Sanjo, Toyama and Toyosaka plants
Key KPIsA metric the company considers important as a management benchmark.
- Ice cream segment: own-brand product sales1,389 million yen+22.4%
- Ice cream segment: OEM product sales1,744 million yen+40.2%
- Shaved-ice cup salesAmount not stated+46.3%
- OEM share within the segment55.1 %+3.4%
Segment results
- Ice Cream DivisionNet Sales3,164 million yen (YoY +31.4%)
- Procurement and Sales DivisionNet Sales380 million yen (YoY +5.3%)
- Japanese Confectionery DivisionNet Sales200 million yen (YoY -8.7%)
- Logistics and Storage DivisionNet Sales124 million yen (YoY +14.4%)
Medium-term management plan targets
Period CoveredFiscal years ending February 2027 through February 2029
Fiscal year ending February 2027
Net Sales6,000,000
Operating profit126,000
Operating profit margin2.1%
Fiscal year ending February 2028
Net Sales6,500,000
Operating profit170,000
Operating profit margin2.6%
Fiscal year ending February 2029
Net Sales7,000,000
Operating profit210,000
Operating profit margin3.0%
Financial targets
ROE
Fiscal year ending February 20275.9%
Fiscal year ending February 20286.0%
Fiscal year ending February 20296.9%
Number of stores and locations
The roles of the 4 plants are described. The number of stores and locations at the end of the period, and the number of store openings and closures during the period, are Not disclosed.Annual Dividend
FY2027/2 forecast
Annual¥18 per share
Gross profit
795 million yen
margin_pct20.5
yoy_change_points-1.8
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | 3,870 million yen (YoY +24.9%) |
| Operating profit | 139 million yen (YoY -25.7%) |
| Ordinary income | 141 million yen (YoY -29.9%) |
| Net income | 80 million yen (YoY -39.6%) |
| Gross profit | 795 million yen |
| Operating profit margin | 3.6 % |
| Selling, general and administrative expenses | 655 million yen |
| Results for the three months of the current quarter | Quarterly trends in revenue and operating profit are provided. Revenue for the second quarter of the fiscal year ending February 2027 was ¥2,413 million, and operating profit was ¥141 million. |
| Full-year earnings forecast | Net Sales 6,000,000 thousand yen / Operating profit 126,000 thousand yen / Ordinary income 126,000 thousand yen / Net income for the current fiscal year 95,000 thousand yen / Operating profit margin 2.1 % / Net profit margin 1.5 % / Dividend per share 18 yen |
| Self-assessment against the plan | Profit was below the previous forecast, while revenue exceeded the previous forecast. The full-year forecast was left unchanged. |
| Segment results | Segment Ice Cream Division / Net Sales 3,164 million yen (YoY +31.4%) / Profit Not disclosed, Segment Procurement and Sales Division / Net Sales 380 million yen (YoY +5.3%) / Profit Not disclosed, Segment Japanese Confectionery Division / Net Sales 200 million yen (YoY -8.7%) / Profit Not disclosed, Segment Logistics and Storage Division / Net Sales 124 million yen (YoY +14.4%) / Profit Not disclosed |
| Key KPIs | Ice cream segment: own-brand product sales 1,389 million yen (YoY +22.4%), Ice cream segment: OEM product sales 1,744 million yen (YoY +40.2%), Shaved-ice cup sales 非開示 (YoY +46.3%), OEM share within the segment 55.1 % (YoY +3.4%) |
| Number of stores and locations | The roles of the 4 plants are described. The number of stores and locations at the end of the period, and the number of store openings and closures during the period, are Not disclosed. |
| Assumptions Underlying the Business Outlook | Persistently high energy costs, rising labor costs, higher packaging material prices and revisions to raw material prices are described qualitatively as assumptions and risks. Numerical assumptions are Not disclosed. |
| Medium-term management plan targets | Period Covered Fiscal years ending February 2027 through February 2029 / Fiscal year ending February 2027 Net Sales 6,000,000 / Operating profit 126,000 / Operating profit margin 2.1% / Fiscal year ending February 2028 Net Sales 6,500,000 / Operating profit 170,000 / Operating profit margin 2.6% / Fiscal year ending February 2029 Net Sales 7,000,000 / Operating profit 210,000 / Operating profit margin 3.0% |
| Financial targets | ROE Fiscal year ending February 2027 5.9% / Fiscal year ending February 2028 6.0% / Fiscal year ending February 2029 6.9% |
| Annual Dividend | FY2027/2 forecast Annual ¥18 per share / Interim Not disclosed / End of period Not disclosed |
| New initiatives | Added “Milk & Cookies” and “Black Tea & Cookies” to the Marone series, Using the Toyama Plant as a logistics hub to expand distribution channels into the Kansai and Chukyo regions, Restructuring the earnings model through centralized procurement, investment in automation and labor-saving measures, reductions in manufacturing losses, passing costs through to prices, and full operation of the Toyama Plant, Changed the record date and delivery timing for shareholder benefits for deliveries from 2027, Started electricity contracts using non-fossil certificates at the Niigata, Sanjo, Toyama and Toyosaka plants |
Items this document does not state (11)
Progress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition 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 increased on growth in shaved-ice cups, own-brand products and OEM products from the Toyama Plant. Profit declined due to higher energy costs, labor costs, packaging material prices and raw material prices, as well as increased storage fees for product inventories and transportation costs associated with higher sales.
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.