Worth reading
45Recurring
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
397
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥13,219 million+2.5%
Operating profit¥784 million+102.9%
Ordinary income¥1,043 million+201.7%
Net income¥655 million +319.1%profit attributable to owners of the parent
Operating profit margin5.9 %
Results for the three months of the current quarter
Net Sales
¥13,219 million
EBITDA
¥1,277 million
Operating profit
¥784 million
Ordinary income
¥1,043 million
Profit attributable to owners of parent for the quarter
¥655 million
Full-year earnings forecast
Net Sales
¥55,500 million
Operating profit
¥2,800 million
Ordinary income
¥2,600 million
Profit attributable to owners of the parent
¥1,600 million
Earnings per share
¥86.53
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Logistics & Food Processing Business accounted for approximately 44% of revenue in the first quarter, progressing steadily toward the medium-term management target of approximately 42%Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Prepared-food business-594
Store asset and solutions business799
Logistics and food processing business86
Other Businesses41
Adjustments (eliminations and corporate)-7
Operating profit
Prepared-food business-134
Store asset and solutions business237
Logistics and food processing business104
Other Businesses41
Consolidated adjustments (eliminations and corporate)149
New initiatives
- Commercialization of One-Hand BENTO
- Price reduction for large servings of rice as a cost-of-living support initiative
- 50th anniversary campaign
- Launch of the revenue-based store opening support business
- Launch of products in larger-format bags with increased contents
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥1,277 million+41.1%
- Operating margin5.9 %yoy_change_points2.9
- Revenue EBITDA margin9.7 %yoy_change_points2.7
- Number of new Prepared Foods Business stores8 storesPrior-year period0
- Number of stores under store lease arrangements870 storesPrior-year period863
- Number of real estate management tenants171 storesPrior-year period167
- Operating store count1,041 storesPrior-year period1,030
Segment results
- Prepared-food businessNet Sales¥3,832 million (YoY -13.4%)Segment operating profit¥-42 millionEBITDA¥57 million (YoY -69.4%)
- Store asset and solutions businessNet Sales¥3,825 million (YoY +26.4%)Segment operating profit¥624 million (YoY +61.4%)EBITDA¥748 million (YoY +37.3%)
- Logistics and food processing businessNet Sales¥6,139 million (YoY +1.4%)Segment operating profit¥240 million (YoY +76.2%)EBITDA¥475 million (YoY +29.9%)
- Other BusinessesNet Sales¥285 million (YoY +17.2%)Segment operating profit¥285 million (YoY +17.2%)
- Adjustments (eliminations and corporate)Net Sales¥-863 millionSegment operating profit¥-323 million
Medium-term management plan targets
Logistics & Food Processing Business revenue mix
Target valueApproximately 42% (before eliminating intersegment revenue)
Actual resultsApproximately 44%
Number of stores and locations
Number of stores under store lease arrangements
End of period870 stores
End of March of the previous year863 stores
Number of real estate management tenants
End of period171 stores
End of March of the previous year167 stores
Operating store count
End of period1,041 stores
End of March of the previous year1,030 stores
Number of new Prepared Foods Business stores
During the period8 stores
Prior-year period0 stores
Real Estate Sale
During the period1 Engagements
Annual Dividend
Annual dividend per share
¥30
Interim
¥15
End of period
¥15
Payout ratio
34.7 %
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥13,219 million (YoY +2.5%) |
| Operating profit | ¥784 million (YoY +102.9%) |
| Ordinary income | ¥1,043 million (YoY +201.7%) |
| Net income | ¥655 million (profit attributable to owners of the parent) (YoY +319.1%) |
| Operating profit margin | 5.9 % |
| Results for the three months of the current quarter | Net Sales ¥13,219 million / EBITDA ¥1,277 million / Operating profit ¥784 million / Ordinary income ¥1,043 million / Profit attributable to owners of parent for the quarter ¥655 million |
| Full-year earnings forecast | Net Sales ¥55,500 million / Operating profit ¥2,800 million / Ordinary income ¥2,600 million / Profit attributable to owners of the parent ¥1,600 million / Earnings per share ¥86.53 |
| Self-assessment against the plan | The Logistics & Food Processing Business accounted for approximately 44% of revenue in the first quarter, progressing steadily toward the medium-term management target of approximately 42% |
| Segment results | Segment Prepared-food business / Net Sales ¥3,832 million (YoY -13.4%) / Segment operating profit ¥-42 million / EBITDA ¥57 million (YoY -69.4%), Segment Store asset and solutions business / Net Sales ¥3,825 million (YoY +26.4%) / Segment operating profit ¥624 million (YoY +61.4%) / EBITDA ¥748 million (YoY +37.3%), Segment Logistics and food processing business / Net Sales ¥6,139 million (YoY +1.4%) / Segment operating profit ¥240 million (YoY +76.2%) / EBITDA ¥475 million (YoY +29.9%), Segment Other Businesses / Net Sales ¥285 million (YoY +17.2%) / Segment operating profit ¥285 million (YoY +17.2%), Segment Adjustments (eliminations and corporate) / Net Sales ¥-863 million / Segment operating profit ¥-323 million |
| Breakdown of Factors Affecting the Change | Net Sales Prepared-food business -594 / Store asset and solutions business 799 / Logistics and food processing business 86 / Other Businesses 41 / Adjustments (eliminations and corporate) -7 / Operating profit Prepared-food business -134 / Store asset and solutions business 237 / Logistics and food processing business 104 / Other Businesses 41 / Consolidated adjustments (eliminations and corporate) 149 |
| Key KPIs | EBITDA ¥1,277 million (YoY +41.1%), Operating margin 5.9 %, Revenue EBITDA margin 9.7 %, Number of new Prepared Foods Business stores 8 stores, Number of stores under store lease arrangements 870 stores, Number of real estate management tenants 171 stores, Operating store count 1,041 stores |
| Number of stores and locations | Number of stores under store lease arrangements End of period 870 stores / End of March of the previous year 863 stores / Number of real estate management tenants End of period 171 stores / End of March of the previous year 167 stores / Operating store count End of period 1,041 stores / End of March of the previous year 1,030 stores / Number of new Prepared Foods Business stores During the period 8 stores / Prior-year period 0 stores / Real Estate Sale During the period 1 Engagements |
| Medium-term management plan targets | Logistics & Food Processing Business revenue mix Target value Approximately 42% (before eliminating intersegment revenue) / Actual results Approximately 44% |
| Annual Dividend | Annual dividend per share ¥30 / Interim ¥15 / End of period ¥15 |
| Payout ratio | 34.7 % |
| New initiatives | Commercialization of One-Hand BENTO, Price reduction for large servings of rice as a cost-of-living support initiative, 50th anniversary campaign, Launch of the revenue-based store opening support business, Launch of products in larger-format bags with increased contents |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial 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.There was a one-off profit contribution from gains on the sale of investment securities. Operating income was lifted by higher profit in the Store Asset & Solution Business, higher profit in the Logistics & Food Processing Business, and an improvement in consolidated adjustments, while the Prepared Foods Business reported lower revenue and profit because consumers were more inclined to economize. In the Store Asset & Solution Business, the factors included higher recurring revenue from an increase in operating stores and the sale of one property. In the Logistics & Food Processing Business, the food processing, commissary and confectionery manufacturing divisions performed steadily.
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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