Worth reading
77Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
105
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,191.4 Hundreds of millions of yen+9.7%
Operating profit26.5 Hundreds of millions of yen+43.6%
Ordinary income37.9 Hundreds of millions of yen+48.0%
Net income26.1 Hundreds of millions of yen+41.8%
Selling, general and administrative expensesIncrease of 7
Results for the three months of the current quarter
Net Sales¥119.14 billion
Gross profit¥11.86 billion
Operating profit¥2.65 billion
Ordinary income¥3.79 billion
Profit attributable to owners of parent for the quarter¥2.61 billion
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。Described only as being on track compared with the usual first-quarter progress rate. Five-year average actuals: net sales 24%, operating profit 26%, ordinary profit 27%, and quarterly net income 26%.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Gross profit+¥1.5 billion
Selling, general and administrative expenses-¥0.7 billion
Non-Operating Income and Expenses+¥400 million
Extraordinary Gains and Losses¥0
Tax Expense-¥0.4 billion
New initiatives
- Increase the dividend forecast from ¥43 to ¥52
- Introduction of an Interim Dividend System
- Share repurchases
- Implementation of a commemorative shareholder benefit program
- Conversion of オサベフーズ into a subsidiary
- Start of operations at the Higashi-Ogijima Center
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio44.8 %
- D/E ratio0.7 times
- DOE (forecast for the fiscal year ending March 2027)3 %
Segment results
Meat
Net Sales
903 Hundreds of millions of yen+4.2%
Gross profit
81 Hundreds of millions of yen+7.8%
Processed Foods
Net Sales
274 Hundreds of millions of yen+33.6%
Gross profit
31 Hundreds of millions of yen+40.8%
Other
Net Sales
12 Hundreds of millions of yen+1.0%
Gross profit
5 Hundreds of millions of yen+10.0%
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2031
Net Sales¥550.0 billion
Ordinary income¥16 billion
EBITDA¥21.0 billion
ROIC6.0% or higher
ROEAt least 10.0%
Investment planTotal of ¥70 billion
Financial targets
ROICAt least 6.0% (target for the fiscal year ending March 2031)
ROEAt least 10.0% (target for the fiscal year ending March 2031)
Annual Dividend
Annual dividend per share¥52 per share (forecast)
Acquisition of treasury shares
Maximum number of shares to be acquired1.5 million shares
Maximum acquisition amount¥1.5 billion
Period1 July–31 December 2026
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 1,191.4 Hundreds of millions of yen (YoY +9.7%) |
| Operating profit | 26.5 Hundreds of millions of yen (YoY +43.6%) |
| Ordinary income | 37.9 Hundreds of millions of yen (YoY +48.0%) |
| Net income | 26.1 Hundreds of millions of yen (YoY +41.8%) |
| Selling, general and administrative expenses | Increase of 7 |
| Results for the three months of the current quarter | Net Sales ¥119.14 billion / Gross profit ¥11.86 billion / Operating profit ¥2.65 billion / Ordinary income ¥3.79 billion / Profit attributable to owners of parent for the quarter ¥2.61 billion |
| Progress against full-year forecast | Described only as being on track compared with the usual first-quarter progress rate. Five-year average actuals: net sales 24%, operating profit 26%, ordinary profit 27%, and quarterly net income 26%. |
| Segment results | Meat Net Sales 903 Hundreds of millions of yen (YoY +4.2%) / Gross profit 81 Hundreds of millions of yen (YoY +7.8%) / Processed Foods Net Sales 274 Hundreds of millions of yen (YoY +33.6%) / Gross profit 31 Hundreds of millions of yen (YoY +40.8%) / Other Net Sales 12 Hundreds of millions of yen (YoY +1.0%) / Gross profit 5 Hundreds of millions of yen (YoY +10.0%) |
| Breakdown of Factors Affecting the Change | Gross profit +¥1.5 billion / Selling, general and administrative expenses -¥0.7 billion / Non-Operating Income and Expenses +¥400 million / Extraordinary Gains and Losses ¥0 / Tax Expense -¥0.4 billion |
| Key KPIs | Indicator name Equity ratio / Value 44.8 % / Year on year against the same period last year Not disclosed, Indicator name D/E ratio / Value 0.7 times / Year on year against the same period last year Not disclosed, Indicator name DOE (forecast for the fiscal year ending March 2027) / Value 3 % / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2031 / Net Sales ¥550.0 billion / Ordinary income ¥16 billion / EBITDA ¥21.0 billion / ROIC 6.0% or higher / ROE At least 10.0% / Investment plan Total of ¥70 billion |
| Financial targets | ROIC At least 6.0% (target for the fiscal year ending March 2031) / ROE At least 10.0% (target for the fiscal year ending March 2031) / Equity ratio Not disclosed / Debt-to-equity ratio Not disclosed |
| Annual Dividend | Annual dividend per share ¥52 per share (forecast) / Interim Dividend Not disclosed / Year-end dividend Not disclosed |
| Acquisition of treasury shares | Maximum number of shares to be acquired 1.5 million shares / Maximum acquisition amount ¥1.5 billion / Period 1 July–31 December 2026 |
| New initiatives | Increase the dividend forecast from ¥43 to ¥52, Introduction of an Interim Dividend System, Share repurchases, Implementation of a commemorative shareholder benefit program, Conversion of オサベフーズ into a subsidiary, Start of operations at the Higashi-Ogijima Center |
Items this document does not state (14)
Gross Profit MarginOperating profit marginFull-year earnings forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioCapital 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.The stated reasons include strong performance in processed foods and imported meat, product design that captures consumer needs, improved product strength and proposal capabilities, and increased supply capacity resulting from the conversion of オサベフーズ into a subsidiary. SG&A expenses increased due to personnel expenses, logistics costs, and goodwill amortization, among other factors, but the increase in gross profit more than offset this rise.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.