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Presentation materials for financial results3038KOBE BUSSAN CO.,LTD.Trading & Wholesale

Earnings Presentation Materials for the Fiscal Year Ended October 2025

For the fiscal year ended October 2025, revenue and profit increased due to strong new store openings, shipments to existing stores and the passing through of higher prices. For the fiscal year ending October 2026, revenue and operating profit are expected to increase, while profit attributable to owners of the parent is expected to decline; the dividend is scheduled to increase from ¥30 to ¥32.

Worth reading
75Important
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
8.6
Year-on-year change in net sales (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ended October 202515 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥551,701 million+8.6%
Operating profit¥39,878 million+16.1%
Ordinary income¥48,081 million+52.3%
Net income¥31,878 million+48.7%
Gross Profit Margin12 %
Operating profit margin7.2 %
Selling, general and administrative expenses¥26,587 million
Results for the three months of the current quarter
Net Sales
¥140,147 million+7.3%
Operating profit
¥9,538 million+23.7%
Ordinary income
¥9,832 million+2.5%
Net income
¥5,679 million-13.9%
Full-year earnings forecast
Fiscal year ending October 2026
Net Sales
¥566,500 million
Operating profit
¥43,000 million
Net income attributable to owners of the parent
¥29,500 million
Annual Dividend
¥32
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
2025年10月期修正後
Net Sales100 %
Operating profit100.2 %
Ordinary income100.2 %
Profit attributable to owners of the parent100.2 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
業務スーパー事業の売上高は計画を超えて着地。業務スーパー店舗の純増は通期目標を4店舗上振れ。
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue increase¥43,817 million
  • Increase in gross profit¥8,052 million
  • Increase in selling, general and administrative expenses¥2,524 million
  • Increase in operating profit¥5,527 million
  • Increase in ordinary profit¥16,505 million
  • 親会社株主に帰属する当期純利益増加¥10,435 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Gyomu Super store opening target32 Net increase in stores
  • Existing-Store Growth102 % or higher
  • PB比率目標37 %
  • Capital Expenditure100 億円以上／年
New initiatives
  • 上原食品工業株式会社をグループ化し、国内食品工場を27工場に拡大
  • プレミアムカルビでドリンクバーを既存店舗へ設置
  • プレミアムカルビ初のフランチャイズ店舗を2026年3月に出店予定
  • 株主優待をGyomucaカードへ変更
  • マルチステークホルダー方針とパートナーシップ構築宣言を制定
Key KPIsA metric the company considers important as a management benchmark.
  • Number of Gyomu Super stores1,122 Location
    Year on year against the same period last year+38店舗
  • Shipment results at existing stores in directly managed areas105.1 Year-on-year %
    Year on year against the same period last yearHigher than the previous year
  • 直轄エリア全店出荷実績107.9 Year-on-year %
    Year on year against the same period last yearHigher than the previous year
  • Shipment results at all stores nationwide108.3 Year-on-year %
    Year on year against the same period last yearHigher than the previous year
  • Private-label sales ratio34.51 %
  • Solar Power Plants19 locations
  • 太陽光発電容量81 MW
  • Woody biomass power plants1 locations
  • 木質バイオマス発電容量6.2 MW
Unit price and quantity metricsThese figures show sales broken down by price and volume.
プレミアムカルビで客数と客単価が大幅に増加したとの記載はあるが、数値はNot disclosed。
Segment results
  • Gyomu Super business
    Net Sales¥530,509 million
    Operating profit¥43,506 million
    Year on year against the same period last year売上高・営業利益とも前年超過
  • Restaurant and prepared-food business
    Net Sales¥16,474 million
    Operating profit¥1,105 million
    Year on year against the same period last year売上高・営業利益とも前年超過
  • Eco-renewable energy business
    Net Sales¥4,669 million
    Operating profit¥1,088 million
    Year on year against the same period last year売電収入は前年超過、営業利益は原価計算方法見直しの影響
Medium-term management plan targets
  • 2026年10月期売上高¥566,500 million
  • 2026年10月期営業利益¥43,000 million
  • ROIC10 Maintain at or above %
  • Number of Gyomu Super stores1,130 stores or more
  • Private-label sales ratio37 %
  • Capital Expenditure100 億円以上／年
Financial targets
ROIC10％以上を維持し、毎期の成長を目指す
Actual ROE22.2
Actual ROIC16.9
実績配当性向20.8
WACC概ね2.6％
Number of stores and locations
Gyomu Super
End of period1,122 Location
Store openings during the period49 Location
Store closures during the period11 Location
ワールドビュッフェ
End of period19 Location
Store openings during the period3 Location
Store closures during the period0 Location
Premium Karubi
End of period22 Location
Store openings during the period0 Location
Store closures during the period0 Location
Chisouna
End of period149 Location
Store openings during the period21 Location
Store closures during the period2 Location
Power plants
Solar19
Woody biomass1
Number of employees
ストック・オプション付与対象者として当社従業員550名、当社子会社従業員608名などの記載はあるが、グループ全体の従業員数や採用計画はNot disclosed。
Capital expenditures
100 億円以上／年
Annual Dividend
Fiscal year ended October 2025
Annual¥30
Interim¥0
End of period¥30
2026年10月期予想
Annual¥32
Interim¥0
End of period¥32
Payout ratio
Fiscal year ended October 202520.8 %
Acquisition of treasury shares
自己株式を活用した従業員インセンティブプランの導入を今後も検討するとの記載はあるが、自己株式取得枠・取得株数・期間はNot disclosed。
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ended October 2025
Net Sales¥551,701 million (YoY +8.6%)
Operating profit¥39,878 million (YoY +16.1%)
Ordinary income¥48,081 million (YoY +52.3%)
Net income¥31,878 million (YoY +48.7%)
Gross Profit Margin12 %
Operating profit margin7.2 %
Selling, general and administrative expenses¥26,587 million
Results for the three months of the current quarterNet Sales ¥140,147 million (YoY +7.3%) / Operating profit ¥9,538 million (YoY +23.7%) / Ordinary income ¥9,832 million (YoY +2.5%) / Net income ¥5,679 million (YoY -13.9%)
Full-year earnings forecastFiscal year ending October 2026 Net Sales ¥566,500 million / Operating profit ¥43,000 million / Net income attributable to owners of the parent ¥29,500 million / Annual Dividend ¥32
Progress against full-year forecast2025年10月期修正後 Net Sales 100 % / Operating profit 100.2 % / Ordinary income 100.2 % / Profit attributable to owners of the parent 100.2 %
Self-assessment against the plan業務スーパー事業の売上高は計画を超えて着地。業務スーパー店舗の純増は通期目標を4店舗上振れ。
Segment resultsSegment Gyomu Super business / Net Sales ¥530,509 million / Operating profit ¥43,506 million / Year on year against the same period last year 売上高・営業利益とも前年超過, Segment Restaurant and prepared-food business / Net Sales ¥16,474 million / Operating profit ¥1,105 million / Year on year against the same period last year 売上高・営業利益とも前年超過, Segment Eco-renewable energy business / Net Sales ¥4,669 million / Operating profit ¥1,088 million / Year on year against the same period last year 売電収入は前年超過、営業利益は原価計算方法見直しの影響
Breakdown of Factors Affecting the ChangeItem Revenue increase / Amount ¥43,817 million, Item Increase in gross profit / Amount ¥8,052 million, Item Increase in selling, general and administrative expenses / Amount ¥2,524 million, Item Increase in operating profit / Amount ¥5,527 million, Item Increase in ordinary profit / Amount ¥16,505 million, Item 親会社株主に帰属する当期純利益増加 / Amount ¥10,435 million
Key KPIsIndicator name Number of Gyomu Super stores / Value 1,122 Location / Year on year against the same period last year +38店舗, Indicator name Shipment results at existing stores in directly managed areas / Value 105.1 Year-on-year % / Year on year against the same period last year Higher than the previous year, Indicator name 直轄エリア全店出荷実績 / Value 107.9 Year-on-year % / Year on year against the same period last year Higher than the previous year, Indicator name Shipment results at all stores nationwide / Value 108.3 Year-on-year % / Year on year against the same period last year Higher than the previous year, Indicator name Private-label sales ratio / Value 34.51 % / Year on year against the same period last year Not disclosed, Indicator name Solar Power Plants / Value 19 locations, Indicator name 太陽光発電容量 / Value 81 MW, Indicator name Woody biomass power plants / Value 1 locations, Indicator name 木質バイオマス発電容量 / Value 6.2 MW
Unit price and quantity metricsプレミアムカルビで客数と客単価が大幅に増加したとの記載はあるが、数値はNot disclosed。
Number of stores and locationsGyomu Super End of period 1,122 Location / Store openings during the period 49 Location / Store closures during the period 11 Location / ワールドビュッフェ End of period 19 Location / Store openings during the period 3 Location / Store closures during the period 0 Location / Premium Karubi End of period 22 Location / Store openings during the period 0 Location / Store closures during the period 0 Location / Chisouna End of period 149 Location / Store openings during the period 21 Location / Store closures during the period 2 Location / Power plants Solar 19 / Woody biomass 1
Number of employeesストック・オプション付与対象者として当社従業員550名、当社子会社従業員608名などの記載はあるが、グループ全体の従業員数や採用計画はNot disclosed。
Assumptions Underlying the Business OutlookItem Gyomu Super store opening target / Value 32 Net increase in stores, Item Existing-Store Growth / Value 102 % or higher, Item PB比率目標 / Value 37 %, Item Capital Expenditure / Value 100 億円以上／年
Medium-term management plan targetsItem 2026年10月期売上高 / Value ¥566,500 million, Item 2026年10月期営業利益 / Value ¥43,000 million, Item ROIC / Value 10 Maintain at or above %, Item Number of Gyomu Super stores / Value 1,130 stores or more, Item Private-label sales ratio / Value 37 %, Item Capital Expenditure / Value 100 億円以上／年
Financial targetsROIC 10％以上を維持し、毎期の成長を目指す / Actual ROE 22.2 / Actual ROIC 16.9 / 実績配当性向 20.8 / WACC 概ね2.6％
Annual DividendFiscal year ended October 2025 Annual ¥30 / Interim ¥0 / End of period ¥30 / 2026年10月期予想 Annual ¥32 / Interim ¥0 / End of period ¥32
Payout ratioFiscal year ended October 2025 20.8 % / 2026年10月期予想 Not disclosed
Acquisition of treasury shares自己株式を活用した従業員インセンティブプランの導入を今後も検討するとの記載はあるが、自己株式取得枠・取得株数・期間はNot disclosed。
Capital expenditures100 億円以上／年
New initiatives上原食品工業株式会社をグループ化し、国内食品工場を27工場に拡大, プレミアムカルビでドリンクバーを既存店舗へ設置, プレミアムカルビ初のフランチャイズ店舗を2026年3月に出店予定, 株主優待をGyomucaカードへ変更, マルチステークホルダー方針とパートナーシップ構築宣言を制定
Items this document does not state (4)
Risk amount incorporated into the outlookOrders 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.

売上高は新規出店と既存店への商品出荷が好調に推移したため増加した。売上総利益は調達コスト上昇に対する価格転嫁と調達先の最適化により増加し、販売管理費は業務スーパーの売上高増加に伴う運賃や外食直営店の出店に伴う人件費・家賃などにより増加した。経常利益は工場に係る補助金収入と為替予約関連の時価評価益に押し上げられた。

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.
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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.
Earnings Presentation Materials for the Fiscal Year Ended October 2025 | KOBE BUSSAN CO.,LTD. (3038) timely disclosure | Komori