Worth reading
59In focus
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
6.7
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥88,198 million+6.7%
Operating profit¥1,121 million-8.1%
Ordinary income¥1,320 million-8.2%
Net income¥863 million-12.2%
Results for the three months of the current quarter
Net Sales
¥88,198 million
Operating profit
¥1,121 million
Ordinary income
¥1,320 million
Profit attributable to owners of the parent
¥863 million
Full-year earnings forecast
Net Sales
¥355,000 million
Operating profit
¥4,600 million
Ordinary income
¥4,800 million
Profit attributable to owners of the parent
¥3,200 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Aquaculture158
Seafood receiving3,638
Off-market seafood wholesaling1,913
Other-150
Segment profit (operating profit)
Aquaculture193
Seafood receiving-147
Off-market seafood wholesaling-100
Other-45
New initiatives
- Commencement of operations by a local subsidiary in Vietnam
- Strengthening collaboration with existing business partners in North America
- Decision by Tuna Craft Works to build a large refrigerated warehouse for its own use
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Unit prices of major seafood products at the Osaka City Central Wholesale MarketYen/kg
Annual production of farmed yellowtail and related speciestonnes
Medium-term management plan targets
Fiscal 2026 (final year)
Net Sales
¥355,000 million
Ordinary income
¥4,800 million
ROEMaintain ROE at 8.0%
ROIC5.0％
Financial targets
ROE
TargetMaintain ROE at 8.0%
Actual results14.0% (fiscal year ended March 2026)
ROIC
Target5.0％
Actual results7.5% (fiscal year ended March 2026)
Equity ratio
Actual results42.8% (fiscal year ended March 2026)
Market Size / Share
Foodservice market size in the three major metropolitan areas¥100 million
Food sales at mass retailers¥100 million
Accommodation occupancy rate％
Annual Dividend
¥172 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥88,198 million (YoY +6.7%) |
| Operating profit | ¥1,121 million (YoY -8.1%) |
| Ordinary income | ¥1,320 million (YoY -8.2%) |
| Net income | ¥863 million (YoY -12.2%) |
| Results for the three months of the current quarter | Net Sales ¥88,198 million / Operating profit ¥1,121 million / Ordinary income ¥1,320 million / Profit attributable to owners of the parent ¥863 million |
| Full-year earnings forecast | Net Sales ¥355,000 million / Operating profit ¥4,600 million / Ordinary income ¥4,800 million / Profit attributable to owners of the parent ¥3,200 million |
| Breakdown of Factors Affecting the Change | Net Sales Aquaculture 158 / Seafood receiving 3,638 / Off-market seafood wholesaling 1,913 / Other -150 / Segment profit (operating profit) Aquaculture 193 / Seafood receiving -147 / Off-market seafood wholesaling -100 / Other -45 |
| Unit price and quantity metrics | Unit prices of major seafood products at the Osaka City Central Wholesale Market Yen/kg / Annual production of farmed yellowtail and related species tonnes |
| Medium-term management plan targets | Subject Fiscal 2026 (final year) / Net Sales ¥355,000 million / Ordinary income ¥4,800 million / ROE Maintain ROE at 8.0% / ROIC 5.0％ |
| Financial targets | ROE Target Maintain ROE at 8.0% / Actual results 14.0% (fiscal year ended March 2026) / ROIC Target 5.0％ / Actual results 7.5% (fiscal year ended March 2026) / Equity ratio Actual results 42.8% (fiscal year ended March 2026) |
| Annual Dividend | ¥172 per share |
| Market Size / Share | Foodservice market size in the three major metropolitan areas ¥100 million / Food sales at mass retailers ¥100 million / Accommodation occupancy rate ％ |
| New initiatives | Commencement of operations by a local subsidiary in Vietnam, Strengthening collaboration with existing business partners in North America, Decision by Tuna Craft Works to build a large refrigerated warehouse for its own use |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planSegment resultsKey KPIsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.In the seafood receiving business and the off-market seafood wholesaling business, the company struggled to set and pass through appropriate selling prices in response to higher expenses, including materials, logistics and labor costs, as well as narrowing margins. In contrast, although the selling price per kilogram of farmed yellowtail declined, it remained at a high level, and the aquaculture business reported higher profit than in the year-earlier quarter.
How to read this page
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