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Financial results presentationThird quarter of the fiscal year ending October 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥432,933 million+5.2%
Operating profit¥31,316 million+3.2%
Ordinary income¥34,567 million-9.6%
Net income¥23,354 million-10.9%
Gross Profit Margin12.2 %
Operating profit margin7.2 %
Selling, general and administrative expenses¥21,693 million
Results for the three months of the current quarter
Net Sales
¥146,761 million+5.4%
Gross profit
¥17,503 million-2.1%
Selling, general and administrative expenses
¥7,223 million+9.0%
Operating profit
¥10,279 million-8.7%
Ordinary income
¥10,130 million-41.5%
Net income
¥6,852 million-42.6%
Full-year earnings forecast
Net Sales
¥566,500 million
Operating profit
¥43,000 million
Ordinary income
¥43,700 million
Net income attributable to owners of the parent
¥29,500 million
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。
Net Sales76.4 %
Operating profit72.8 %
Ordinary income79.1 %
Net income attributable to owners of the parent79.2 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue in the Gyomu Super business finished above planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales
Strong performance in new store openings and product shipments to existing stores¥21,379 million
Increase in gross profit
Price pass-through and procurement-source optimization¥3,452 million
Increase in SG&A expenses
Higher freight and warehouse rental costs and temporary outsourcing fees for sales and administrative operations related to a large-scale M&A transaction¥2,475 million
Increase in operating profit
As a result of the above¥977 million
Decrease in ordinary profit
Impact of the previous period's gain on the fair value valuation of foreign exchange contracts¥-3,682 million
Net income decline
As a result of the above¥-2,845 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Gyomu Super store opening target
32 Net increase in stores
Existing-Store Growth
102 % or higher
Private-label sales ratioHigher
New initiatives
- Acquisition of the inflight catering business through the establishment of a JV with グルメ杵屋
- Acquisition of 15 overseas inflight catering-related companies of LSG APAC
- Acquisition of all shares of 柏露酒造株式会社
- Capital and business alliance with Makiya
- Installation of drink bars at all Premium Karubi locations
- Shareholder benefits changed to content centered on the Gyomuca card
Key KPIsA metric the company considers important as a management benchmark.
- Number of Gyomu Super stores1,144 LocationYear on year against the same period last year+32 stores
- Shipment results at existing stores in directly managed areas103.1 Year-on-year %
- Shipment results at all stores nationwide106.5 Year-on-year %
- Private-label sales ratio34.21 %
- Number of the company's food factories in Japan28 Factories
- Solar Power Plants19 Locations, 81.0 MW
- Woody biomass power plants1 Locations, 6.2 MW
Segment results
Gyomu Super business
Net Sales
¥415,813 million
Operating profit
¥34,285 million
Restaurant and prepared-food business
Net Sales
¥13,753 million
Operating profit
¥947 million
Eco-renewable energy business
Net Sales
¥3,331 million
Operating profit
¥919 million
Number of stores and locations
Gyomu Super
End of period1,144 Location
Store openings during the period28 Location
Store closures during the period6 Location
Net increase22 Location
Kobe Cook World Buffet
End of period19 Location
Store openings during the period0 Location
Store closures during the period0 Location
Premium Karubi
End of period24 Location
Store openings during the period2 Location
Store closures during the period0 Location
Net increase2 Location
Chisouna
End of period166 Location
Store openings during the period19 Location
Store closures during the period2 Location
Net increase17 Location
Solar Power Plants
End of period19 locations
Woody biomass power plants
End of period1 locations
Annual Dividend
¥32 per share
BreakdownYear-end dividend, once annually
Payout ratio
20 Around %, as shown in the graph
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending October 2026 |
| Net Sales | ¥432,933 million (YoY +5.2%) |
| Operating profit | ¥31,316 million (YoY +3.2%) |
| Ordinary income | ¥34,567 million (YoY -9.6%) |
| Net income | ¥23,354 million (YoY -10.9%) |
| Gross Profit Margin | 12.2 % |
| Operating profit margin | 7.2 % |
| Selling, general and administrative expenses | ¥21,693 million |
| Results for the three months of the current quarter | Net Sales ¥146,761 million (YoY +5.4%) / Gross profit ¥17,503 million (YoY -2.1%) / Selling, general and administrative expenses ¥7,223 million (YoY +9.0%) / Operating profit ¥10,279 million (YoY -8.7%) / Ordinary income ¥10,130 million (YoY -41.5%) / Net income ¥6,852 million (YoY -42.6%) |
| Full-year earnings forecast | Net Sales ¥566,500 million / Operating profit ¥43,000 million / Ordinary income ¥43,700 million / Net income attributable to owners of the parent ¥29,500 million |
| Progress against full-year forecast | Net Sales 76.4 % / Operating profit 72.8 % / Ordinary income 79.1 % / Net income attributable to owners of the parent 79.2 % |
| Self-assessment against the plan | Revenue in the Gyomu Super business finished above plan |
| Segment results | Gyomu Super business Net Sales ¥415,813 million / Operating profit ¥34,285 million / Restaurant and prepared-food business Net Sales ¥13,753 million / Operating profit ¥947 million / Eco-renewable energy business Net Sales ¥3,331 million / Operating profit ¥919 million |
| Breakdown of Factors Affecting the Change | Increase in sales Strong performance in new store openings and product shipments to existing stores ¥21,379 million / Increase in gross profit Price pass-through and procurement-source optimization ¥3,452 million / Increase in SG&A expenses Higher freight and warehouse rental costs and temporary outsourcing fees for sales and administrative operations related to a large-scale M&A transaction ¥2,475 million / Increase in operating profit As a result of the above ¥977 million / Decrease in ordinary profit Impact of the previous period's gain on the fair value valuation of foreign exchange contracts ¥-3,682 million / Net income decline As a result of the above ¥-2,845 million |
| Key KPIs | Indicator name Number of Gyomu Super stores / Value 1,144 Location / Year on year against the same period last year +32 stores, Indicator name Shipment results at existing stores in directly managed areas / Value 103.1 Year-on-year %, Indicator name Shipment results at all stores nationwide / Value 106.5 Year-on-year %, Indicator name Private-label sales ratio / Value 34.21 %, Indicator name Number of the company's food factories in Japan / Value 28 Factories, Indicator name Solar Power Plants / Value 19 Locations, 81.0 MW, Indicator name Woody biomass power plants / Value 1 Locations, 6.2 MW |
| Number of stores and locations | Gyomu Super End of period 1,144 Location / Store openings during the period 28 Location / Store closures during the period 6 Location / Net increase 22 Location / Kobe Cook World Buffet End of period 19 Location / Store openings during the period 0 Location / Store closures during the period 0 Location / Premium Karubi End of period 24 Location / Store openings during the period 2 Location / Store closures during the period 0 Location / Net increase 2 Location / Chisouna End of period 166 Location / Store openings during the period 19 Location / Store closures during the period 2 Location / Net increase 17 Location / Solar Power Plants End of period 19 locations / Woody biomass power plants End of period 1 locations |
| Assumptions Underlying the Business Outlook | Gyomu Super store opening target 32 Net increase in stores / Existing-Store Growth 102 % or higher / Private-label sales ratio Higher |
| Annual Dividend | ¥32 per share |
| Payout ratio | 20 Around %, as shown in the graph |
| New initiatives | Acquisition of the inflight catering business through the establishment of a JV with グルメ杵屋, Acquisition of 15 overseas inflight catering-related companies of LSG APAC, Acquisition of all shares of 柏露酒造株式会社, Capital and business alliance with Makiya, Installation of drink bars at all Premium Karubi locations, Shareholder benefits changed to content centered on the Gyomuca card |
Items this document does not state (10)
Unit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders 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.Revenue increased as new store openings and product shipments to existing stores remained strong. Gross profit increased as the company advanced price pass-through and procurement-source optimization, while selling, general and administrative expenses increased due to higher freight and warehouse rental costs associated with higher revenue and temporary outsourcing fees for sales and administrative operations related to a large-scale M&A transaction. Ordinary profit and net profit declined due to the absence of the previous year's gain on the fair value valuation of foreign exchange contracts.
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