Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
15.8
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥77,610 million+15.8%
Operating profit¥1,821 million+14.8%
Ordinary income¥2,117 million+17.4%
Net income¥1,831 million+37.9%
Gross Profit Margin8.6 %
Operating profit margin2.3 %
Selling, general and administrative expenses¥4,865 million
Results for the three months of the current quarter
Net Sales
¥39,853 million
Operating profit
¥1,015 million
Full-year earnings forecast
Net Sales
¥145,000 million
Operating profit
¥3,200 million
Ordinary income
¥3,600 million
Profit attributable to owners of the parent
¥2,600 million
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 Sales53.5 %
Operating profit56.9 %
Ordinary income58.8 %
Interim net income attributable to owners of the parent70.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Finished above the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Food: Sales of frozen fish to China and processed foods. Marine: Aquaculture-related products, purse seine nets and land-based nets. Machinery: Postponed domestic delivery dates and longer lead times for large projects; strong overseas sales. Materials: Increased sales of printing film, packaging materials and agricultural materials.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Solid inbound demand for seafood, improved consumer sentiment resulting from the effects of various policies, an unstable international environment including U.S. trade policy, and costs for rebuilding the meal plant have been factored into the outlook.New initiatives
Beginning external sales of aquaculture-related equipment, strengthening proprietary aquaculture solutions, launching the new national-brand food product Saba Maru series, selling king crab for inbound tourists, focusing the Machinery Business on small and medium-sized projects, and diversifying funding sources through the use of commercial paper.Segment results
Food
Net Sales
¥49,878 million+18.3%
Operating profit
¥944 million+22.3%
Marine Products
Net Sales
¥13,638 million+11.5%
Operating profit
¥900 million+36.6%
Machinery
Net Sales
¥7,376 million+10.6%
Operating profit
¥673 million-12.1%
Materials
Net Sales
¥5,373 million+16.5%
Operating profit
¥228 million+18.2%
Biotics
Net Sales
¥146 million
Operating profit
¥-10 million
Logistics
Net Sales
¥1,144 million
Operating profit
¥-24 million
Other
Net Sales
¥51 million
Operating profit
¥37 million
Medium-term management plan targets
A payout ratio of at least 35% for the fiscal year ending March 2028. Over the medium to long term, the Company is targeting a payout ratio of at least 40% and DOE of at least 4.0% by the fiscal year ending March 2035.Capital expenditures
¥609 million
Annual Dividend
¥100 per share
Interim
¥50 per share
End of period
¥50 per share
Payout ratio
At least 35% for the fiscal year ending March 2028, with a target of at least 40% by the fiscal year ending March 2035.| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥77,610 million (YoY +15.8%) |
| Operating profit | ¥1,821 million (YoY +14.8%) |
| Ordinary income | ¥2,117 million (YoY +17.4%) |
| Net income | ¥1,831 million (YoY +37.9%) |
| Gross Profit Margin | 8.6 % |
| Operating profit margin | 2.3 % |
| Selling, general and administrative expenses | ¥4,865 million |
| Results for the three months of the current quarter | Net Sales ¥39,853 million / Operating profit ¥1,015 million |
| Full-year earnings forecast | Net Sales ¥145,000 million / Operating profit ¥3,200 million / Ordinary income ¥3,600 million / Profit attributable to owners of the parent ¥2,600 million |
| Progress against full-year forecast | Net Sales 53.5 % / Operating profit 56.9 % / Ordinary income 58.8 % / Interim net income attributable to owners of the parent 70.4 % |
| Self-assessment against the plan | Finished above the initial plan |
| Segment results | Food Net Sales ¥49,878 million (YoY +18.3%) / Operating profit ¥944 million (YoY +22.3%) / Marine Products Net Sales ¥13,638 million (YoY +11.5%) / Operating profit ¥900 million (YoY +36.6%) / Machinery Net Sales ¥7,376 million (YoY +10.6%) / Operating profit ¥673 million (YoY -12.1%) / Materials Net Sales ¥5,373 million (YoY +16.5%) / Operating profit ¥228 million (YoY +18.2%) / Biotics Net Sales ¥146 million / Operating profit ¥-10 million / Logistics Net Sales ¥1,144 million / Operating profit ¥-24 million / Other Net Sales ¥51 million / Operating profit ¥37 million |
| Breakdown of Factors Affecting the Change | Food: Sales of frozen fish to China and processed foods. Marine: Aquaculture-related products, purse seine nets and land-based nets. Machinery: Postponed domestic delivery dates and longer lead times for large projects; strong overseas sales. Materials: Increased sales of printing film, packaging materials and agricultural materials. |
| Assumptions Underlying the Business Outlook | Solid inbound demand for seafood, improved consumer sentiment resulting from the effects of various policies, an unstable international environment including U.S. trade policy, and costs for rebuilding the meal plant have been factored into the outlook. |
| Medium-term management plan targets | A payout ratio of at least 35% for the fiscal year ending March 2028. Over the medium to long term, the Company is targeting a payout ratio of at least 40% and DOE of at least 4.0% by the fiscal year ending March 2035. |
| Annual Dividend | ¥100 per share |
| Payout ratio | At least 35% for the fiscal year ending March 2028, with a target of at least 40% by the fiscal year ending March 2035. |
| Capital expenditures | ¥609 million |
| New initiatives | Beginning external sales of aquaculture-related equipment, strengthening proprietary aquaculture solutions, launching the new national-brand food product Saba Maru series, selling king crab for inbound tourists, focusing the Machinery Business on small and medium-sized projects, and diversifying funding sources through the use of commercial paper. |
Items this document does not state (10)
Key KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders 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.In the Food Business, sales of frozen fish to China and processed foods were strong. In the Marine Business, demand for aquaculture-related products and fishing gear and materials remained stable. In the Materials Business, sales of printing film, packaging materials and agricultural materials increased. In the Machinery Business, however, the postponement of domestic machinery deliveries and longer lead times for large projects reduced earnings.
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.