Komori
Earnings2923SATO FOODS CO.,LTD.Food

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 2027 (Japanese GAAP)

In the first quarter, revenue and all profit measures fell well below the year-earlier period, due mainly to lower sales of packaged cooked-rice products and higher raw material and logistics costs. The company released its previously undetermined full-year forecast, projecting higher revenue but lower operating income, ordinary income and net income, and set its annual dividend forecast at ¥75.

Worth reading
54Recurring
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-87.5
Year-on-year change in operating profit (%)
Wording
Avoiding a definitive answer
How definitive the wording is.

Results for this period

First quarter1 May 2026–31 July 2026ConsolidatedJapanese GAAP
Net Sales7,996¥ millionYear on year -10.6%Progress 14.3%
Operating profit107¥ millionYear on year -87.5%Progress 3.6%
Ordinary income150¥ millionYear on year -84.5%Progress 4.9%
Net income attributable to owners of the parent101¥ millionYear on year -90.5%

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¥20.14
Financial position at period-end
Total assets55,888¥ million
of which net assets 24,777 ¥ millionEquity ratio 44.3%vs. prior year-end +1.4pt

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.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥56,000 million (YoY +8.2%)
Operating profit¥2,940 million (YoY -11.9%)
Ordinary income¥3,050 million (YoY -15.0%)
Profit attributable to owners of parent¥2,060 million (YoY -26.4%)
Revision to Earnings ForecastNet Sales Undecided / Operating profit Undecided / Ordinary income Undecided / Profit attributable to owners of parent Undecided → Net Sales 56,000 / Operating profit 2,940 / Ordinary income 3,050 / Profit attributable to owners of parent 2,060
Annual Dividend Forecast¥75 → ¥75(0.0%)
Factors Behind Changes in Business Performance

Sales of packaged rice-cake products remained firm, particularly for the company's core products, while sales of packaged cooked-rice products were pushed down by their relative lack of price competitiveness following the decline in the market price of milled rice. Profit was affected by soaring raw material and logistics costs and the反動 of the significant extraordinary gain recorded in the same period of the previous year.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew No (0 companies) / Excluded No (0 companies)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥250 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥680,440 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,075,500 Shares
Treasury Shares at Period-End31,889 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 May 2026–31 July 2026
Net Sales¥7,996 million (YoY -10.6%)
Operating profit¥107 million (YoY -87.5%)
Ordinary income¥150 million (YoY -84.5%)
Profit attributable to owners of the parent¥101 million (YoY -90.5%)
Net income per share¥20.14
Equity ratioEnd of the current fiscal period 44.3 / End of previous period 42.9
Total assets¥55,888 million
Net assets¥24,777 million
Full-year earnings forecastNet Sales ¥56,000 million (YoY +8.2%) / Operating profit ¥2,940 million (YoY -11.9%) / Ordinary income ¥3,050 million (YoY -15.0%) / Profit attributable to owners of parent ¥2,060 million (YoY -26.4%)
Revision to Earnings ForecastNet Sales Undecided / Operating profit Undecided / Ordinary income Undecided / Profit attributable to owners of parent Undecided → Net Sales 56,000 / Operating profit 2,940 / Ordinary income 3,050 / Profit attributable to owners of parent 2,060
Annual Dividend Forecast¥75 → ¥75(0.0%)
Depreciation and amortization¥680,440 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥250 thousand / Extraordinary loss Not disclosed
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew No (0 companies) / Excluded No (0 companies)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,075,500 Shares
Treasury Shares at Period-End31,889 Shares
Factors Behind Changes in Business PerformanceSales of packaged rice-cake products remained firm, particularly for the company's core products, while sales of packaged cooked-rice products were pushed down by their relative lack of price competitiveness following the decline in the market price of milled rice. Profit was affected by soaring raw material and logistics costs and the反動 of the significant extraordinary gain recorded in the same period of the previous year.
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

Sales of packaged cooked-rice products were pushed down by their relative lack of price competitiveness following the decline in the market price of milled rice. On the earnings side, in addition to the impact of soaring prices for various raw materials and logistics, earnings were affected by the反動 of the significant extraordinary gain recorded in the same period of the previous year, which temporarily boosted results. The full-year forecast had previously been left undetermined because it was difficult to reasonably calculate the impact of rice prices, but the company released it based on first-quarter results and the information available.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 2027 (Japanese GAAP) | SATO FOODS CO.,LTD. (2923) timely disclosure | Komori