Komori
Financial results presentation2918WARABEYA NICHIYO HOLDINGS CO.,LTD.Food

2025年２月期　決算説明資料

2025年2月期は売上高が過去最高を更新した一方、営業利益・経常利益・純利益は前年から減少した。ただし、利益はいずれも会社予想を上回った。

Worth reading
61In 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
15457
¥ million (year-on-year increase in net sales)
Wording
—
How definitive the wording is.

Contents of this document

Financial results presentation2025年2月期 通期13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥222,467 million+7.5%
Operating profit¥4,515 million-29.2%
Ordinary income¥4,898 million-28.2%
Net income¥2,679 million-37.3%
Operating profit margin2.0%、前年同期比△1.1ポイント
Full-year earnings forecast
Net Sales
¥231,500 million
Operating profit
¥6,000 million
Ordinary income
¥5,900 million
Profit attributable to owners of the parent
¥3,900 million
EPS
¥223.26
ROE
6.7 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
利益は予想を上回る
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Raw material prices¥-17 100 million
  • Personnel expenses¥-10.8 100 million
  • Utilities and logistics costs¥-7.4 100 million
  • 商品規格の見直し・売上高¥22.4 100 million
  • 入間工場（減収）¥-9.7 100 million
  • 入間工場（初期赤字）¥-6.9 100 million
  • 工場再編（伊勢崎工場の準備費用）¥-6.2 100 million
  • 工場再編（閉鎖工場）¥-10.6 100 million
  • 修繕費・産廃費用の削減等¥11.4 100 million
  • Overseas expansion¥17.9 100 million
  • Group-related businesses and other factors¥-1.8 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
U.S. dollar exchange rate
¥150 /US$
Foreign exchange sensitivity
¥16 millions annual impact on operating profit of a ¥1 depreciation of the yen
New initiatives
  • 伊勢崎工場の稼働開始
  • オハイオ工場の稼働時期変更と新工場の稼働
  • Establish a new frozen-food warehouse
  • 日本式サンドイッチ、カップデリ、ホットケース専用商品の米国展開
  • 工場再編・生産集約による生産性向上
Key KPIsA metric the company considers important as a management benchmark.
  • Number of domestic stores supplied18,273 stores
    Year on year against the same period last year+152.0%
  • 米国売上高（円ベース）¥27,351 million
    Year on year against the same period last year+10,718.0%
  • US revenue (dollar basis)180,444 Thousand US dollars
    Year on year against the same period last year+62,106.0%
  • Overseas Revenue Mix12.3 %
  • GHG Emissions110,856 t-CO2
    Year on year against the same period last year2018年度比78%
  • 産業廃棄物排出量16,358 t
    Year on year against the same period last year2018年度比65%
Segment results
  • Food-Related Business
    Net Sales¥1,984 100 million
    Year-on-year change in revenue¥178 100 million
    Operating profit¥42.4 100 million
    Year-on-year change in operating income¥-16.8 100 million
  • Food-materials-related business
    Net Sales¥113 100 million
    Year-on-year change in revenue¥0 100 million
    Operating profit¥5.1 100 million
    Year-on-year change in operating income¥1.8 100 million
  • Logistics-related business
    Net Sales¥126 100 million
    Year-on-year change in revenue¥-2 100 million
    Operating profit¥6.8 100 million
    Year-on-year change in operating income¥-0.2 100 million
  • Other
    Net Sales事業撤退によりなし
    Operating profit事業撤退によりなし
Medium-term management plan targets
Target fiscal yearFiscal year ending February 2028
Net Sales
¥2,500 100 million
Operating profit
¥100 100 million
ROE
10 % or higher
Comparison with actual results2025年2月期実績は売上高2,224.67億円、営業利益45.15億円、ROE4.9%
Financial targets
ROE
Target10%以上（2028年2月期）
Actual results4.9 %
Equity ratio
Actual results46.9 %
Number of stores and locations
Number at period-end納品店舗数18,273店（国内）、米国2,210店
Number of employees
Number of Employees2,024 people
Change during the period前期1,948人から増加
Capital expenditures
¥22,848 million
Annual Dividend
Fiscal year ended February 2025
Annual90
Interim¥45
End of period¥45
Forecast for the fiscal year ended February 2026
Annual90
Interim¥45
End of period¥45
Payout ratio
58.7 %
Target連結配当性向40%をめど
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2025年2月期 通期
Net Sales¥222,467 million (YoY +7.5%)
Operating profit¥4,515 million (YoY -29.2%)
Ordinary income¥4,898 million (YoY -28.2%)
Net income¥2,679 million (YoY -37.3%)
Operating profit margin2.0%、前年同期比△1.1ポイント
Full-year earnings forecastNet Sales ¥231,500 million / Operating profit ¥6,000 million / Ordinary income ¥5,900 million / Profit attributable to owners of the parent ¥3,900 million / EPS ¥223.26 / ROE 6.7 %
Self-assessment against the plan利益は予想を上回る
Segment resultsSegment Food-Related Business / Net Sales ¥1,984 100 million / Year-on-year change in revenue ¥178 100 million / Operating profit ¥42.4 100 million / Year-on-year change in operating income ¥-16.8 100 million, Segment Food-materials-related business / Net Sales ¥113 100 million / Year-on-year change in revenue ¥0 100 million / Operating profit ¥5.1 100 million / Year-on-year change in operating income ¥1.8 100 million, Segment Logistics-related business / Net Sales ¥126 100 million / Year-on-year change in revenue ¥-2 100 million / Operating profit ¥6.8 100 million / Year-on-year change in operating income ¥-0.2 100 million, Segment Other / Net Sales 事業撤退によりなし / Operating profit 事業撤退によりなし
Breakdown of Factors Affecting the ChangeFactors Raw material prices / Amount ¥-17 100 million, Factors Personnel expenses / Amount ¥-10.8 100 million, Factors Utilities and logistics costs / Amount ¥-7.4 100 million, Factors 商品規格の見直し・売上高 / Amount ¥22.4 100 million, Factors 入間工場（減収） / Amount ¥-9.7 100 million, Factors 入間工場（初期赤字） / Amount ¥-6.9 100 million, Factors 工場再編（伊勢崎工場の準備費用） / Amount ¥-6.2 100 million, Factors 工場再編（閉鎖工場） / Amount ¥-10.6 100 million, Factors 修繕費・産廃費用の削減等 / Amount ¥11.4 100 million, Factors Overseas expansion / Amount ¥17.9 100 million, Factors Group-related businesses and other factors / Amount ¥-1.8 100 million
Key KPIsIndicator name Number of domestic stores supplied / Value 18,273 stores / Year on year against the same period last year 152 stores, Indicator name 米国売上高（円ベース） / Value ¥27,351 million / Year on year against the same period last year ¥10,718 million, Indicator name US revenue (dollar basis) / Value 180,444 Thousand US dollars / Year on year against the same period last year 62,106 Thousand US dollars, Indicator name Overseas Revenue Mix / Value 12.3 % / Year on year against the same period last year Not disclosed, Indicator name GHG Emissions / Value 110,856 t-CO2 / Year on year against the same period last year 2018年度比78%, Indicator name 産業廃棄物排出量 / Value 16,358 t / Year on year against the same period last year 2018年度比65%
Number of stores and locationsNumber at period-end 納品店舗数18,273店（国内）、米国2,210店 / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 2,024 people / Change during the period 前期1,948人から増加
Assumptions Underlying the Business OutlookU.S. dollar exchange rate ¥150 /US$ / Foreign exchange sensitivity ¥16 millions (annual impact on operating profit of a ¥1 depreciation of the yen)
Medium-term management plan targetsTarget fiscal year Fiscal year ending February 2028 / Net Sales ¥2,500 100 million / Operating profit ¥100 100 million / ROE 10 % or higher / Comparison with actual results 2025年2月期実績は売上高2,224.67億円、営業利益45.15億円、ROE4.9%
Financial targetsROE Target 10%以上（2028年2月期） / Actual results 4.9 % / Equity ratio Actual results 46.9 %
Annual DividendFiscal year ended February 2025 Annual 90 / Interim ¥45 / End of period ¥45 / Forecast for the fiscal year ended February 2026 Annual 90 / Interim ¥45 / End of period ¥45
Payout ratio58.7 %
Capital expenditures¥22,848 million
New initiatives伊勢崎工場の稼働開始, オハイオ工場の稼働時期変更と新工場の稼働, Establish a new frozen-food warehouse, 日本式サンドイッチ、カップデリ、ホットケース専用商品の米国展開, 工場再編・生産集約による生産性向上
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsRisk 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.

売上高は国内外の新工場が寄与して増収となった。営業利益は、製造コストの増加、入間工場の初期赤字、工場再編に伴う一時費用が利益を押し下げた一方、海外事業ではバージニア工場の利益貢献と前期の初動コスト解消が寄与した。

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.
2025年２月期　決算説明資料 | WARABEYA NICHIYO HOLDINGS CO.,LTD. (2918) timely disclosure | Komori