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Earnings Report for the Fiscal Year Ended February 2026 [Japanese GAAP] (Consolidated)

Consolidated net sales increased 5.1%, while operating income rose 64.8%, with profit growth substantially outpacing the increase in net sales. For the next fiscal year, the Company expects higher net sales and operating income, while forecasting a 10.1% decline in profit attributable to owners of the parent.

Worth reading
57In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
64.8
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales233,833¥ millionYear on year +5.1%Progress 97.0%
Operating profit7,441¥ millionYear on year +64.8%Progress 96.6%
Ordinary income7,414¥ millionYear on year +51.3%Progress 96.9%
Net income attributable to owners of the parent5,339¥ millionYear on year +99.3%

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¥307.34
Operating Margin3.2%
Financial position at period-end
Total assets131,735¥ million
of which net assets 62,131 ¥ millionEquity ratio 45.1%vs. prior year-end -1.8pt

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.

Cash inflows and outflows
Operating+16,960
Investment-13,482
Financials-1,864
Net change+1,614

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥10,378 million
Segment revenueFood-Related Business ¥209,984 million (YoY +5.8%), Food-materials-related business ¥11,197 million (YoY -1.6%), Logistics-related business ¥12,651 million (YoY -0.1%)
Segment profitFood-Related Business ¥7,000 million (YoY +64.9%), Food-materials-related business ¥483 million (YoY -5.3%), Logistics-related business ¥935 million (YoY +37.2%)
Regional salesRegion Japan / Net Sales for the Current Period ¥206,950 million / Prior-Period Net Sales ¥195,110 million, Region United States / Net Sales for the Current Period ¥26,876 million / Prior-Period Net Sales ¥27,351 million, Region Other / Net Sales for the Current Period ¥6 million / Prior-Period Net Sales ¥5 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥241,000 million (YoY +3.1%)
Operating profit¥7,700 million (YoY +3.5%)
Ordinary income¥7,650 million (YoY +3.2%)
Profit attributable to owners of the parent¥4,800 million (YoY -10.1%)
Annual Dividend Forecast¥90 per share → ¥120 per share(+33.3%)
Payout ratio39
Shareholder Return PolicyStable and continuous dividend payments with a consolidated dividend payout ratio of approximately 40% as a guideline
Factors Behind Changes in Business Performance

Higher revenue in the domestic food-related business, the revenue contribution from product specification revisions, including, improved profitability at the Iruma Plant, and the effects of increased handling volume and revised freight rates in the joint delivery business. The food ingredients-related business recorded lower revenue and profit due to a decline in the handling volume of processed seafood products. Raw material, labor and logistics costs increased.

Disclosure regarding the going concern assumption

Not applicable (no matters to report in the notes on the going concern assumption)

Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 Yes修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥75 million
Breakdown of extraordinary income (loss)Extraordinary income Reversal of asset retirement obligations ¥116 million, Gain on sale of non-current assets ¥350 million / Extraordinary loss Impairment Losses ¥75 million, Loss from fire ¥566 million
Depreciation and amortization¥7,317 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End17,625,660
Treasury Shares at Period-End309,778
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales¥233,833 million (YoY +5.1%)
Operating profit¥7,441 million (YoY +64.8%)
Ordinary income¥7,414 million (YoY +51.3%)
Profit attributable to owners of the parent¥5,339 million (YoY +99.3%)
Net income per share¥307.34
Operating Margin3.2%
Equity ratioEnd of the current fiscal period 45.1 / End of previous period 46.9
Total assets¥131,735 million
Net assets¥62,131 million
Cash flows from operating activities¥16,960 million
Cash flows from investing activities¥-13,482 million
Cash flows from financing activities¥-1,864 million
Cash and cash equivalents at end of period¥10,378 million
Full-year earnings forecastNet Sales ¥241,000 million (YoY +3.1%) / Operating profit ¥7,700 million (YoY +3.5%) / Ordinary income ¥7,650 million (YoY +3.2%) / Profit attributable to owners of the parent ¥4,800 million (YoY -10.1%)
Annual Dividend Forecast¥90 per share → ¥120 per share(+33.3%)
Payout ratio39
Shareholder Return PolicyStable and continuous dividend payments with a consolidated dividend payout ratio of approximately 40% as a guideline
Segment revenueFood-Related Business ¥209,984 million (YoY +5.8%), Food-materials-related business ¥11,197 million (YoY -1.6%), Logistics-related business ¥12,651 million (YoY -0.1%)
Segment profitFood-Related Business ¥7,000 million (YoY +64.9%), Food-materials-related business ¥483 million (YoY -5.3%), Logistics-related business ¥935 million (YoY +37.2%)
Regional salesRegion Japan / Net Sales for the Current Period ¥206,950 million / Prior-Period Net Sales ¥195,110 million, Region United States / Net Sales for the Current Period ¥26,876 million / Prior-Period Net Sales ¥27,351 million, Region Other / Net Sales for the Current Period ¥6 million / Prior-Period Net Sales ¥5 million
Depreciation and amortization¥7,317 million
Impairment loss¥75 million
Breakdown of extraordinary income (loss)Extraordinary income Reversal of asset retirement obligations ¥116 million, Gain on sale of non-current assets ¥350 million / Extraordinary loss Impairment Losses ¥75 million, Loss from fire ¥566 million
Disclosure regarding the going concern assumptionNot applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policyChanges due to revisions to standards Yes / Other changes No / Change in accounting estimate Yes / Restatement No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End17,625,660
Treasury Shares at Period-End309,778
Factors Behind Changes in Business PerformanceHigher revenue in the domestic food-related business, the revenue contribution from product specification revisions, including, improved profitability at the Iruma Plant, and the effects of increased handling volume and revised freight rates in the joint delivery business. The food ingredients-related business recorded lower revenue and profit due to a decline in the handling volume of processed seafood products. Raw material, labor and logistics costs increased.
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog

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.

Higher revenue in the domestic food-related business, the revenue contribution from product specification revisions, including, and improved profitability at the Iruma Plant drove profit growth. Although raw material costs, primarily rice, increased, net income also rose due in part to a temporary reduction in tax expenses.

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.
Earnings Report for the Fiscal Year Ended February 2026 [Japanese GAAP] (Consolidated) | WARABEYA NICHIYO HOLDINGS CO.,LTD. (2918) timely disclosure | Komori