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Financial Results Presentation2918WARABEYA NICHIYO HOLDINGS CO.,LTD.Food

Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending February 2026

上期は売上高・利益とも前年同期および上期予想を上回り、過去最高となった。通期業績予想を上方修正し、年間配当予想も90円から120円へ引き上げた。

Worth reading
83Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1300
¥ million (increase from the initial full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results Presentation2026年2月期 第2四半期13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales119,634 Millions of yen+5.3%
Operating profit5,289 Millions of yen+24.3%
Ordinary income5,237 Millions of yen+13.5%
Net income¥4,000 million +42.5%interim net income attributable to owners of the parent
Operating profit margin4.4%、前年同期比0.7ポイント改善（3.7%→4.4%）
Results for the three months of the current quarter2Q単独の営業利益は30.4億円。営業利益の前年同期比増減要因も1Q・2Q単独および上期で記載
Full-year earnings forecast
Net Sales
234,500 Millions of yen
Operating profit
7,300 Millions of yen
Ordinary income
7,200 Millions of yen
Profit attributable to owners of the parent
5,450 Millions of yen
EPS
¥313.7
ROE
9.3 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
上期実績は上期予想を上回った。通期業績予想は上方修正
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Raw Material Prices△44.0億円
  • Personnel expenses△6.7億円
  • Utilities and logistics costs△3.0億円
  • Product specification review and revenue growth+61.4億円
  • 入間工場の収支改善+¥870 million
  • 伊勢崎工場の初期赤字△5.7億円
  • Factory reorganization costs+¥150 million
  • メンテナンス費用等△2.5億円
  • Overseas expansion-¥100 million
  • Group-related businesses and other factors+¥160 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥150
    AssumptionsU.S. dollar exchange rate
  • ¥18 million年間営業利益への影響額の試算
    Assumptions為替感応度（USドル/円、1円円安の場合）
New initiatives
  • 伊勢崎工場を核としたチルドラインの稼働率向上・製造集約
  • 香川工場へのチルド弁当製造ライン増設と光ヒーター焼成機器導入
  • おにぎりなどの新商品開発・価格戦略
  • 消費期限延長、高栄養原料、常温即食米飯に関する大学との共同研究・新商品展開
  • オハイオ工場の立ち上げと北米向けカレーパンのテスト販売
  • 袖ヶ浦冷凍自動倉庫の建設・2027年春稼働予定
Key KPIsA metric the company considers important as a management benchmark.
  • Number of stores supplied by the domestic food-related business18,296 stores
    Year on year against the same period last year+135店
  • Number of stores supplied in the United States2,193 stores
    Year on year against the same period last year+37店
  • 国内食品のおにぎり売上高323.41 Hundreds of millions of yen
  • 広域商品の上期売上高28.5 Hundreds of millions of yen
Segment results
Food-Related Business
Net Sales
1,075 Hundreds of millions of yen
Year on year against the same period last year+¥6.2 billion
Operating profit
49.5 Hundreds of millions of yen
Year on year against the same period last year+¥870 million
Food-materials-related business
Net Sales
57 Hundreds of millions of yen
Year on year against the same period last year-¥200 million
Operating profit
2.8 Hundreds of millions of yen
Year on year against the same period last year+¥20 million
Logistics-related business
Net Sales
63 Hundreds of millions of yen
Year on year against the same period last year-¥0.0 billion
Operating profit
5.4 Hundreds of millions of yen
Year on year against the same period last year+¥150 million
Medium-term management plan targets
Target fiscal yearFiscal year ending February 2028
Net Sales
2,500 Hundreds of millions of yen
Operating profit
100 Hundreds of millions of yen
ROE
10% or higher
Comparison with actual results2026年2月期営業利益予想73億円、2028年2月期目標100億円
Financial targets
ROE
Target10%以上（2028年2月期）
Actual results2026年2月期予想9.3%
Equity ratio
Actual results44.7%（2025年8月末）
Number of stores and locations
国内食品納品店舗数18,296店（前年同期比+135店）、米国納品店舗数2,193店（前年同期比+37店）。期中の出退店数はNot disclosed
Number of employees
Number of Employees2,024 people
Capital expenditures
¥22,848 million2025年2月期通期実績
Annual Dividend
Annual dividend per share¥120
Payout ratio
Rate38.3 %
PolicyProvide stable and consistent dividends, targeting a consolidated payout ratio of 40%
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period Covered2026年2月期 第2四半期
Net Sales119,634 Millions of yen (YoY +5.3%)
Operating profit5,289 Millions of yen (YoY +24.3%)
Ordinary income5,237 Millions of yen (YoY +13.5%)
Net income¥4,000 million (interim net income attributable to owners of the parent) (YoY +42.5%)
Operating profit margin4.4%、前年同期比0.7ポイント改善（3.7%→4.4%）
Results for the three months of the current quarter2Q単独の営業利益は30.4億円。営業利益の前年同期比増減要因も1Q・2Q単独および上期で記載
Full-year earnings forecastNet Sales 234,500 Millions of yen / Operating profit 7,300 Millions of yen / Ordinary income 7,200 Millions of yen / Profit attributable to owners of the parent 5,450 Millions of yen / EPS ¥313.7 / ROE 9.3 %
Self-assessment against the plan上期実績は上期予想を上回った。通期業績予想は上方修正
Segment resultsFood-Related Business Net Sales 1,075 Hundreds of millions of yen / Operating profit 49.5 Hundreds of millions of yen / Food-materials-related business Net Sales 57 Hundreds of millions of yen / Operating profit 2.8 Hundreds of millions of yen / Logistics-related business Net Sales 63 Hundreds of millions of yen / Operating profit 5.4 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeFactors Raw Material Prices / Amount △44.0億円, Factors Personnel expenses / Amount △6.7億円, Factors Utilities and logistics costs / Amount △3.0億円, Factors Product specification review and revenue growth / Amount +61.4億円, Factors 入間工場の収支改善 / Amount +¥870 million, Factors 伊勢崎工場の初期赤字 / Amount △5.7億円, Factors Factory reorganization costs / Amount +¥150 million, Factors メンテナンス費用等 / Amount △2.5億円, Factors Overseas expansion / Amount -¥100 million, Factors Group-related businesses and other factors / Amount +¥160 million
Key KPIsIndicator name Number of stores supplied by the domestic food-related business / Value 18,296 stores / Year on year against the same period last year +135店, Indicator name Number of stores supplied in the United States / Value 2,193 stores / Year on year against the same period last year +37店, Indicator name 国内食品のおにぎり売上高 / Value 323.41 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name 広域商品の上期売上高 / Value 28.5 Hundreds of millions of yen / Year on year against the same period last year Not disclosed
Number of stores and locations国内食品納品店舗数18,296店（前年同期比+135店）、米国納品店舗数2,193店（前年同期比+37店）。期中の出退店数はNot disclosed
Number of employeesNumber of Employees 2,024 people / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookAssumptions U.S. dollar exchange rate / Value ¥150, Assumptions 為替感応度（USドル/円、1円円安の場合） / Value 18 百万円（年間営業利益への影響額の試算）
Medium-term management plan targetsTarget fiscal year Fiscal year ending February 2028 / Net Sales 2,500 Hundreds of millions of yen / Operating profit 100 Hundreds of millions of yen / ROE 10% or higher / Comparison with actual results 2026年2月期営業利益予想73億円、2028年2月期目標100億円
Financial targetsROE Target 10%以上（2028年2月期） / Actual results 2026年2月期予想9.3% / Equity ratio Actual results 44.7%（2025年8月末）
Annual DividendAnnual dividend per share ¥120 / Interim and Year-End Breakdown Not disclosed
Payout ratioRate 38.3 % / Policy Provide stable and consistent dividends, targeting a consolidated payout ratio of 40%
Capital expenditures22,848 百万円（2025年2月期通期実績）
New initiatives伊勢崎工場を核としたチルドラインの稼働率向上・製造集約, 香川工場へのチルド弁当製造ライン増設と光ヒーター焼成機器導入, おにぎりなどの新商品開発・価格戦略, 消費期限延長、高栄養原料、常温即食米飯に関する大学との共同研究・新商品展開, オハイオ工場の立ち上げと北米向けカレーパンのテスト販売, 袖ヶ浦冷凍自動倉庫の建設・2027年春稼働予定
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesProgress 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.

商品規格の見直しによる増収、入間工場の収支改善、物流関連事業の採算性改善などにより上期業績が伸長した。通期予想の上方修正では、商品規格の見直し・増収、入間工場と伊勢崎工場の収支改善、海外・グループ関連事業の改善などを織り込む一方、工場メンテナンス費用の増加を見込んでいる。

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Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending February 2026 | WARABEYA NICHIYO HOLDINGS CO.,LTD. (2918) timely disclosure | Komori