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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 Sales37,757 million yen+6.9%
Operating profit806 million yen-21.9%
Ordinary income1,018 million yen-13.3%
Net income728 million yen-14.0%
Gross Profit Margin8.7%
Operating profit margin2.1%
Selling, general and administrative expenses2,481 million yen
Results for the three months of the current quarter
Net Sales
37,757 million yen
Operating profit
806 million yen
Ordinary income
1,018 million yen
Net income
728 million yen
Full-year earnings forecast
Net Sales
145,000 million yen
Operating profit
3,200 million yen
Ordinary income
3,600 million yen
Net income
2,600 million yen
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 Sales26.0%
Operating profit25.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is in line with the initial forecast / A reasonably good start toward achieving the full-year outlookBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Food: Frozen fish from northern waters for China and new private-label products, including processed seafoodDirectionRevenue growth
- Marine: Materials for purse seines, government projects, and aquaculture materialsDirectionRevenue growth
- Materials: Sheets and films for construction applications, expanded sales, and agricultural and livestock materialsDirectionRevenue growth
- Food: Deteriorating profitability in surimi production due to the factory fireDirectionProfit decrease
- Machinery: Timing shift of some projectsDirectionProfit decrease
The company identifies the factors but does not state the amount attributable to each one.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Expansion of inbound demand for seafood
- Unstable seafood catches
- Raw Material Price Volatility
- Labor shortages in Japan
- Benefits of yen depreciation overseas
New initiatives
- Strengthen the handling of king crab in the Food business
- Promote sales of land-based aquaculture products and environmental products in the Marine business
- Expand overseas sales of mature fish
- Capture small- and medium-sized capital investment projects at food factories, particularly overseas projects, in the Machinery business
- Initiatives to instill internal awareness aimed at medium- to long-term profit growth, including town hall meetings
Segment results
Food
Net Sales
24,248 million yen+9.8%
Operating profit
393 million yen-9.2%
Marine Products
Net Sales
6,688 million yen+7.8%
Operating profit
426 million yen+27.9%
Machinery
Net Sales
3,477 million yen-11.4%
Operating profit
372 million yen-30.0%
Materials
Net Sales
2,681 million yen+10.8%
Operating profit
136 million yen+26.2%
Biotics
Net Sales
64 million yen+1.6%
Operating profit
-15 million yen
Logistics
Net Sales
570 million yen-2.1%
Operating profit
-4 million yen
Other
Net Sales
26 million yen0.0%
Operating profit
19 million yen0.0%
Medium-term management plan targets
Final yearFiscal year ending March 2028
Payout ratio35% or more
PolicyContinuation of a de facto progressive dividend policy
Annual Dividend
¥100 per share
Interim50
End of period50
Payout ratio
Final Fiscal Year of the Medium-Term Management Plan35% or more
Medium- to Long-Term Targets40% or more
DOE4.0% or more
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 37,757 million yen (YoY +6.9%) |
| Operating profit | 806 million yen (YoY -21.9%) |
| Ordinary income | 1,018 million yen (YoY -13.3%) |
| Net income | 728 million yen (YoY -14.0%) |
| Gross Profit Margin | 8.7% |
| Operating profit margin | 2.1% |
| Selling, general and administrative expenses | 2,481 million yen |
| Results for the three months of the current quarter | Net Sales 37,757 million yen / Operating profit 806 million yen / Ordinary income 1,018 million yen / Net income 728 million yen |
| Full-year earnings forecast | Net Sales 145,000 million yen / Operating profit 3,200 million yen / Ordinary income 3,600 million yen / Net income 2,600 million yen |
| Progress against full-year forecast | Net Sales 26.0% / Operating profit 25.2% |
| Self-assessment against the plan | Progress is in line with the initial forecast / A reasonably good start toward achieving the full-year outlook |
| Segment results | Food Net Sales 24,248 million yen (YoY +9.8%) / Operating profit 393 million yen (YoY -9.2%) / Marine Products Net Sales 6,688 million yen (YoY +7.8%) / Operating profit 426 million yen (YoY +27.9%) / Machinery Net Sales 3,477 million yen (YoY -11.4%) / Operating profit 372 million yen (YoY -30.0%) / Materials Net Sales 2,681 million yen (YoY +10.8%) / Operating profit 136 million yen (YoY +26.2%) / Biotics Net Sales 64 million yen (YoY +1.6%) / Operating profit -15 million yen / Logistics Net Sales 570 million yen (YoY -2.1%) / Operating profit -4 million yen / Other Net Sales 26 million yen (YoY 0.0%) / Operating profit 19 million yen (YoY 0.0%) |
| Breakdown of Factors Affecting the Change | Factors Food: Frozen fish from northern waters for China and new private-label products, including processed seafood / Direction Revenue growth / Amount Not disclosed, Factors Marine: Materials for purse seines, government projects, and aquaculture materials / Direction Revenue growth / Amount Not disclosed, Factors Materials: Sheets and films for construction applications, expanded sales, and agricultural and livestock materials / Direction Revenue growth / Amount Not disclosed, Factors Food: Deteriorating profitability in surimi production due to the factory fire / Direction Profit decrease / Amount Not disclosed, Factors Machinery: Timing shift of some projects / Direction Profit decrease / Amount Not disclosed |
| Assumptions Underlying the Business Outlook | Expansion of inbound demand for seafood, Unstable seafood catches, Raw Material Price Volatility, Labor shortages in Japan, Benefits of yen depreciation overseas |
| Medium-term management plan targets | Final year Fiscal year ending March 2028 / Payout ratio 35% or more / Policy Continuation of a de facto progressive dividend policy |
| Annual Dividend | ¥100 per share |
| Payout ratio | Final Fiscal Year of the Medium-Term Management Plan 35% or more / Medium- to Long-Term Targets 40% or more / DOE 4.0% or more |
| New initiatives | Strengthen the handling of king crab in the Food business, Promote sales of land-based aquaculture products and environmental products in the Marine business, Expand overseas sales of mature fish, Capture small- and medium-sized capital investment projects at food factories, particularly overseas projects, in the Machinery business, Initiatives to instill internal awareness aimed at medium- to long-term profit growth, including town hall meetings |
Items this document does not state (11)
Key KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.Sales were driven by frozen fish for China, processed seafood products, fishing gear and aquaculture-related materials, and sheets for construction applications. Factors behind the decline in operating profit included deteriorating profitability in surimi production due to the impact of the factory fire, the timing shift of some machinery business projects, and a lower gross profit margin.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.