Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Although sales of domestically produced beef struggled due to higher prices, consumers' preference for frugality and other factors, revenue and gross profit increased on stronger sales of domestically produced pork, the pass-through of higher prices for imported meat, Wagyu exports, product-mix initiatives and solid performance by the hamburger product line in processed foods. Ham and sausage sales and profit were below the previous fiscal year due to higher raw material prices and other factors.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 448,213 million yen (YoY +2.8%) |
| Operating profit | 8,762 million yen (YoY -3.1%) |
| Ordinary income | 11,027 million yen (YoY +3.4%) |
| Profit attributable to owners of the parent | 8,338 million yen (YoY -31.6%) |
| Net income per share | ¥145.82 |
| Operating Margin | 2.0% |
| Equity ratio | End of the current fiscal period 47.4% / End of previous period 51.6% |
| Total assets | 202,134 million yen |
| Net assets | 95,733 million yen |
| Cash flows from operating activities | 2,946 million yen |
| Cash flows from investing activities | -14,692 million yen |
| Cash flows from financing activities | 13,393 million yen |
| Cash and cash equivalents at end of period | 18,032 million yen |
| Full-year earnings forecast | Net Sales 470,000 million yen (YoY +4.9%) / Operating profit 9,200 million yen (YoY +5.0%) / Ordinary income 11,400 million yen (YoY +3.4%) / Net income 8,500 million yen (YoY +1.9%) |
| Annual Dividend Forecast | 43 yen → 50 yen（+16.3%） |
| Payout ratio | 33.6% |
| Depreciation and amortization | 4,204 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount 16 million yen, Item Gain on sale of investment securities / Amount 382 million yen, Item Gain on step acquisition / Amount 375 million yen / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount 33 million yen, Item Impairment Losses on Shares of Affiliates / Amount 19 million yen, Item Provision for loss on guarantees of debt / Amount 188 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 3 / Company name BROAD WATER DOWNS Pty Ltd, YORKRANGE Pty Ltd, ADiRECT SINGAPORE PTE. LTD. / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | On 23 April 2026, the parties reached an agreement to finally resolve improper transactions, including circular transactions. The company expects to record a special loss of ¥592 million in the subsequent consolidated fiscal year. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts) |
| Issued Shares at Period-End | 58,567,656 |
| Treasury Shares at Period-End | 1,421,928 |
| Factors Behind Changes in Business Performance | Although sales of domestically produced beef struggled due to higher prices, consumers' preference for frugality and other factors, revenue and gross profit increased on stronger sales of domestically produced pork, the pass-through of higher prices for imported meat, Wagyu exports, product-mix initiatives and solid performance by the hamburger product line in processed foods. Ham and sausage sales and profit were below the previous fiscal year due to higher raw material prices and other factors. |
Items this document does not state (7)
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.Amid a challenging business environment marked by soaring meat prices, a weaker yen and consumers' preference for frugality, sales of domestically produced beef struggled. However, stronger sales of domestically produced pork, the pass-through of higher prices for imported meat, exports of Wagyu beef, product-mix initiatives and solid performance by the hamburger product line lifted revenue and gross profit. Ham and sausage sales and profit declined due to higher raw material prices and other factors.