Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-50
% (year-on-year change in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
First quarter1 March 2026–31 May 2026ConsolidatedJapanese GAAPNet Sales13,976¥ millionYear on year -4.3%Progress 24.3%
Operating profit349¥ millionYear on year -50.0%Progress 17.5%
Ordinary income406¥ millionYear on year -34.5%Progress 23.9%
Net income attributable to owners of the parent557¥ millionYear on year +95.0%
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¥23.36
Financial position at period-end
Total assets66,094¥ million
of which net assets 20,105 ¥ millionEquity ratio 19.7%vs. prior year-end -0.7pt
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 revenueSegment Manufacturing Business / Current fiscal year ¥11,152,850 thousand / Prior-year period ¥12,181,569 thousand / Year on year against the same period last year -8.4%, Segment Sales business / Current fiscal year ¥2,764,327 thousand / Prior-year period ¥2,375,988 thousand / Year on year against the same period last year 16.3%, Segment Other Businesses / Current fiscal year ¥59,235 thousand / Prior-year period ¥42,726 thousand / Year on year against the same period last year Not disclosed
Segment profitSegment Manufacturing Business / Current fiscal year ¥497,899 thousand / Prior-year period ¥903,621 thousand / Year on year against the same period last year -44.9%, Segment Sales business / Current fiscal year ¥108,758 thousand / Prior-year period ¥29,998 thousand / Year on year against the same period last year 262.6%, Segment Other Businesses / Current fiscal year ¥-4,332 thousand / Prior-year period ¥-43,708 thousand / Year on year against the same period last year Not disclosed
Regional salesRegion Japan / Current fiscal year ¥10,390,579 thousand / Prior-year period ¥12,014,682 thousand, Region Singapore / Current fiscal year ¥2,689,808 thousand / Prior-year period ¥2,151,577 thousand, Region Other overseas / Current fiscal year ¥841,539 thousand / Prior-year period ¥394,737 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥57,500 million (YoY 0.0%)
Operating profit¥2,000 million (YoY +27.5%)
Ordinary income¥1,700 million (YoY +0.5%)
Profit attributable to owners of the parent¥1,400 million (YoY +52.4%)
Revision to Earnings ForecastNo change → No change（0.0%）
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
The domestic non-scallop-related business posted a slight decline in earnings, as the effect of price revisions was delayed relative to the rise in costs. The scallop-related business reported lower sales and earnings due to lower catches in Funka Bay and the delayed sales timing of frozen scallop adductor muscles. Overseas sales and earnings increased as a result of the benefits of starting consolidation and the recovery in sales. The sales business posted higher sales and earnings due to stronger sales to existing customers and the recovery in overseas sales.
Disclosure regarding the going concern assumption
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 consolidationNo material changes (number and names of companies newly consolidated or excluded: Not disclosed)
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥444 thousand, Compensation received ¥880,488 thousand, Other ¥960 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥863 thousand
Depreciation and amortization¥408,631 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (a video presentation on the financial results is scheduled to be posted on the Company's website)
Issued Shares at Period-End24,083,371 Shares
Treasury Shares at Period-End208,885 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026–31 May 2026 |
| Net Sales | ¥13,976 million (YoY -4.3%) |
| Operating profit | ¥349 million (YoY -50.0%) |
| Ordinary income | ¥406 million (YoY -34.5%) |
| Profit attributable to owners of the parent | ¥557 million (YoY +95.0%) |
| Net income per share | ¥23.36 |
| Equity ratio | End of the current fiscal period 19.7 / End of previous period 20.4 |
| Total assets | ¥66,094 million |
| Net assets | ¥20,105 million |
| Full-year earnings forecast | Net Sales ¥57,500 million (YoY 0.0%) / Operating profit ¥2,000 million (YoY +27.5%) / Ordinary income ¥1,700 million (YoY +0.5%) / Profit attributable to owners of the parent ¥1,400 million (YoY +52.4%) |
| Revision to Earnings Forecast | No change → No change（0.0%） |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Segment Manufacturing Business / Current fiscal year ¥11,152,850 thousand / Prior-year period ¥12,181,569 thousand / Year on year against the same period last year -8.4%, Segment Sales business / Current fiscal year ¥2,764,327 thousand / Prior-year period ¥2,375,988 thousand / Year on year against the same period last year 16.3%, Segment Other Businesses / Current fiscal year ¥59,235 thousand / Prior-year period ¥42,726 thousand / Year on year against the same period last year Not disclosed |
| Segment profit | Segment Manufacturing Business / Current fiscal year ¥497,899 thousand / Prior-year period ¥903,621 thousand / Year on year against the same period last year -44.9%, Segment Sales business / Current fiscal year ¥108,758 thousand / Prior-year period ¥29,998 thousand / Year on year against the same period last year 262.6%, Segment Other Businesses / Current fiscal year ¥-4,332 thousand / Prior-year period ¥-43,708 thousand / Year on year against the same period last year Not disclosed |
| Regional sales | Region Japan / Current fiscal year ¥10,390,579 thousand / Prior-year period ¥12,014,682 thousand, Region Singapore / Current fiscal year ¥2,689,808 thousand / Prior-year period ¥2,151,577 thousand, Region Other overseas / Current fiscal year ¥841,539 thousand / Prior-year period ¥394,737 thousand |
| Depreciation and amortization | ¥408,631 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥444 thousand, Compensation received ¥880,488 thousand, Other ¥960 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥863 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No material changes (number and names of companies newly consolidated or excluded: Not disclosed) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (a video presentation on the financial results is scheduled to be posted on the Company's website) |
| Issued Shares at Period-End | 24,083,371 Shares |
| Treasury Shares at Period-End | 208,885 Shares |
| Factors Behind Changes in Business Performance | The domestic non-scallop-related business posted a slight decline in earnings, as the effect of price revisions was delayed relative to the rise in costs. The scallop-related business reported lower sales and earnings due to lower catches in Funka Bay and the delayed sales timing of frozen scallop adductor muscles. Overseas sales and earnings increased as a result of the benefits of starting consolidation and the recovery in sales. The sales business posted higher sales and earnings due to stronger sales to existing customers and the recovery in overseas sales. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders 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.In addition to persistently high raw material and energy prices, logistics costs and labor costs, the time lag before the effects of price revisions became apparent, lower scallop catches and the delayed sales timing of products for overseas markets resulted in lower sales and earnings. Meanwhile, the recovery in overseas sales, the increase in revenue from the start of consolidation and stronger sales to existing customers contributed to higher sales and earnings. The Company recorded ¥880.488 million in compensation received as extraordinary income.
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