Worth reading
55In focus
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
-5.7
Year-on-year change in operating profit (%)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending February 2027, second quarter7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥29,004 million+4.5%
Operating profit¥868 million-5.7%
Ordinary income¥864 million-1.0%
Net income¥1,205 million+128.3%
Selling, general and administrative expenses¥5,224 million
Gross Profit Margin
Rate21
Year-on-year change (points)0.9
Operating profit margin
Rate3
Year-on-year change (points)-0.3
Full-year earnings forecast
Net Sales
¥57,500 million
Operating profit
¥2,000 million
Ordinary income
¥1,700 million
Net income
¥1,400 million
EBITDA
¥4,500 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.4
Operating profit43.4
Ordinary income50.8
Net income86.1
EBITDA47.6
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Domestic non-scallop-related business4.4
Domestic scallop-related business-13.7
Overseas expansion21.6
Operating profit
Domestic non-scallop-related business-0.6
Domestic scallop-related business-1.5
Overseas expansion1.6
New initiatives
- Acquisition of shares in 倖生工業
- Planned acquisition of shares in 日本罐詰
- Construction of a new plant by ダイショウ (planned investment of approximately ¥1.5 billion, scheduled to begin operations in March 2029)
- Construction of a new plant by まるかわ食品 (planned investment of ¥300 million to ¥400 million, scheduled to begin operations in December 2027)
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥21.4 100 millionYear on year against the same period last year+1.9%
- Number of M&A opportunities introduced (first-half results)300 Engagements
- Number of M&A transactions completed (as of Q2)3 Engagements
- Equity ratio21.4 %
Segment results
Manufacturing business segment
Net Sales
¥23,577 million+2.4%
Sales business segment
Net Sales
¥5,303 million+14.1%
Other business segment
Net Sales
¥123 million+43.4%
Domestic
Net Sales
¥264.4 100 million
Operating profit
¥14.1 100 million
Overseas expansion
Net Sales
¥77.5 100 million
Operating profit
¥1.3 100 million
Market Size / Share
Number of SMEsApproximately 3.36 million companies
Number of companies without a successorApproximately 890,000 companies
Domestic frozen corn sales value shareTop-tier
Number of Japanese restaurants
20062.4 10,000 stores
202518.1 10,000 stores
Number of employees
Consolidated1,968 people
Standalone30 people
Capital expenditures
¥15 100 million Daisho new plant, planned
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | ¥29,004 million (YoY +4.5%) |
| Operating profit | ¥868 million (YoY -5.7%) |
| Ordinary income | ¥864 million (YoY -1.0%) |
| Net income | ¥1,205 million (YoY +128.3%) |
| Gross Profit Margin | Rate 21 / Year-on-year change (points) 0.9 |
| Operating profit margin | Rate 3 / Year-on-year change (points) -0.3 |
| Selling, general and administrative expenses | ¥5,224 million |
| Full-year earnings forecast | Net Sales ¥57,500 million / Operating profit ¥2,000 million / Ordinary income ¥1,700 million / Net income ¥1,400 million / EBITDA ¥4,500 million |
| Progress against full-year forecast | Net Sales 50.4 / Operating profit 43.4 / Ordinary income 50.8 / Net income 86.1 / EBITDA 47.6 |
| Segment results | Manufacturing business segment Net Sales ¥23,577 million (YoY +2.4%) / Sales business segment Net Sales ¥5,303 million (YoY +14.1%) / Other business segment Net Sales ¥123 million (YoY +43.4%) / Domestic Net Sales ¥264.4 100 million / Operating profit ¥14.1 100 million / Overseas expansion Net Sales ¥77.5 100 million / Operating profit ¥1.3 100 million |
| Breakdown of Factors Affecting the Change | Net Sales Domestic non-scallop-related business 4.4 / Domestic scallop-related business -13.7 / Overseas expansion 21.6 / Operating profit Domestic non-scallop-related business -0.6 / Domestic scallop-related business -1.5 / Overseas expansion 1.6 |
| Key KPIs | Indicator name EBITDA / Value ¥21.4 100 million / Year on year against the same period last year ¥1.9 100 million, Indicator name Number of M&A opportunities introduced (first-half results) / Value 300 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of M&A transactions completed (as of Q2) / Value 3 Engagements / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 21.4 % / Year on year against the same period last year Not disclosed |
| Number of employees | Consolidated 1,968 people / Standalone 30 people |
| Capital expenditures | ¥15 100 million (Daisho new plant, planned) |
| Market Size / Share | Number of SMEs Approximately 3.36 million companies / Number of companies without a successor Approximately 890,000 companies / Domestic frozen corn sales value share Top-tier / Number of Japanese restaurants 2006 2.4 10,000 stores / 2025 18.1 10,000 stores |
| New initiatives | Acquisition of shares in 倖生工業, Planned acquisition of shares in 日本罐詰, Construction of a new plant by ダイショウ (planned investment of approximately ¥1.5 billion, scheduled to begin operations in March 2029), Construction of a new plant by まるかわ食品 (planned investment of ¥300 million to ¥400 million, scheduled to begin operations in December 2027) |
Items this document does not state (13)
Results for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.Lower revenue from the domestic scallop-related businesses, higher purchase prices for scallop raw materials, and higher raw material prices and labor costs in the domestic non-scallop-related businesses were factors behind the decline in profit. Meanwhile, in the overseas business, contributions from newly consolidated companies, higher revenue from existing businesses, and lower costs from purchase-price negotiations contributed to higher profit.
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