Worth reading
70In 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
900
¥ million (full-year operating profit forecast revision)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation2025年2月期 第2四半期（中間期）10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥113,636 million+10.3%
Operating profit¥4,256 million-5.2%
Ordinary income¥4,613 million-5.1%
Net income¥2,807 million +1.8%interim net income attributable to owners of the parent
Operating profit margin
Rate3.7%
Year-on-year change (points)前年同期4.4%から0.7ポイント低下
Results for the three months of the current quarter
Net Sales
¥60,264 million
Operating profit
¥2,037 million
Full-year earnings forecast
Net Sales
¥222,500 million
Operating profit
¥3,600 million
Ordinary income
¥3,800 million
Profit attributable to owners of the parent
¥2,000 million
EPS
¥114.51
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Raw material prices-¥600 million
Personnel Expenses△4.2億円
Utilities and logistics costs-¥330 million
Product specification review+6.0億円
減収影響（既存工場）Negative ¥580 million
Iruma factory△4.8億円
Other+¥840 million
工場再編等（含伊勢崎工場）-¥210 million
Overseas expansion+¥930 million
Group-related businesses and other factors+¥10 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
U.S. dollar exchange rate
¥145
Foreign exchange sensitivity
18 百万円／年・1円営業利益ベース
New initiatives
- 伊勢崎工場の新設・2025年3月稼働予定
- オハイオ工場の新設・2025年9月稼働予定
- 群馬・大宮・千葉工場の閉鎖と生産移管
- 水素燃料電池トラックによる配送開始
- FSSC22000取得
- ISO10002に準拠した顧客対応の自己適合宣言
Key KPIsA metric the company considers important as a management benchmark.
- Number of stores supplied by the domestic food-related business18,174 storesYear on year against the same period last year+114店
- Number of U.S. customer stores supplied2,156 storesYear on year against the same period last year+1325店
- 北米納品店舗数2,206 storesReference date2024年8月末
- 北米ファストフード売上構成比13.2%（北米）
Segment results
Food-Related Business
Net Sales
¥1,012 hundred million
Year-on-year change+¥10.7 billion
Operating profit
¥40.7 hundred million
Year-on-year change△2.5億円
Food-materials-related business
Net Sales
¥59 hundred million
Year-on-year change+¥0.0 billion
Operating profit
¥2.6 hundred million
Year-on-year change+¥90 million
Logistics-related business
Net Sales
¥63 hundred million
Year-on-year change-¥100 million
Operating profit
¥3.8 hundred million
Year-on-year change-¥30 million
Medium-term management plan targets
Target fiscal yearFiscal year ending February 2028
Net Sales
¥2,500 hundred million
Operating profit
¥100 hundred million
ROE10% or higher
Financial targets
ROE target10%以上（2028年2月期）
Cost of shareholders’ equity約6%（推計）
Capital expenditures
750 億円5カ年中計総額
Annual Dividend
¥90 per share
Interim
¥45 per share
End of period
¥45 per share
Payout ratio
40 %めど
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | 2025年2月期 第2四半期（中間期） |
| Net Sales | ¥113,636 million (YoY +10.3%) |
| Operating profit | ¥4,256 million (YoY -5.2%) |
| Ordinary income | ¥4,613 million (YoY -5.1%) |
| Net income | ¥2,807 million (interim net income attributable to owners of the parent) (YoY +1.8%) |
| Operating profit margin | Rate 3.7% / Year-on-year change (points) 前年同期4.4%から0.7ポイント低下 |
| Results for the three months of the current quarter | Net Sales ¥60,264 million / Operating profit ¥2,037 million |
| Full-year earnings forecast | Net Sales ¥222,500 million / Operating profit ¥3,600 million / Ordinary income ¥3,800 million / Profit attributable to owners of the parent ¥2,000 million / EPS ¥114.51 |
| Segment results | Food-Related Business Net Sales ¥1,012 hundred million / Operating profit ¥40.7 hundred million / Food-materials-related business Net Sales ¥59 hundred million / Operating profit ¥2.6 hundred million / Logistics-related business Net Sales ¥63 hundred million / Operating profit ¥3.8 hundred million |
| Breakdown of Factors Affecting the Change | Raw material prices -¥600 million / Personnel Expenses △4.2億円 / Utilities and logistics costs -¥330 million / Product specification review +6.0億円 / 減収影響（既存工場） Negative ¥580 million / Iruma factory △4.8億円 / Other +¥840 million / 工場再編等（含伊勢崎工場） -¥210 million / Overseas expansion +¥930 million / Group-related businesses and other factors +¥10 million |
| Key KPIs | Indicator name Number of stores supplied by the domestic food-related business / Value 18,174 stores / Year on year against the same period last year +114店, Indicator name Number of U.S. customer stores supplied / Value 2,156 stores / Year on year against the same period last year +1325店, Indicator name 北米納品店舗数 / Value 2,206 stores / Reference date 2024年8月末, Indicator name 北米ファストフード売上構成比 / Value 13.2%（北米） / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | U.S. dollar exchange rate ¥145 / Foreign exchange sensitivity 18 百万円／年・1円（営業利益ベース） |
| Medium-term management plan targets | Target fiscal year Fiscal year ending February 2028 / Net Sales ¥2,500 hundred million / Operating profit ¥100 hundred million / ROE 10% or higher |
| Financial targets | ROE target 10%以上（2028年2月期） / Cost of shareholders’ equity 約6%（推計） |
| Annual Dividend | ¥90 per share |
| Payout ratio | 40 %（めど） |
| Capital expenditures | 750 億円（5カ年中計総額） |
| New initiatives | 伊勢崎工場の新設・2025年3月稼働予定, オハイオ工場の新設・2025年9月稼働予定, 群馬・大宮・千葉工場の閉鎖と生産移管, 水素燃料電池トラックによる配送開始, FSSC22000取得, ISO10002に準拠した顧客対応の自己適合宣言 |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition 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.通期予想の下方修正は、食品関連事業の売上未達が主因です。上期の営業減益については、国内既存工場の減収、入間工場の初期赤字、原材料価格・人件費・水道光熱費等の製造コスト増が挙げられています。
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.