Revised forecast
Previous forecast published 14 November 2024The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
The net sales target is being raised based on the full-year contribution from the results of the 4 companies added through M&A, the expectation that selling prices in the rice wholesale business will remain at a certain level, and growth investments to increase corporate value over the medium to long term. The original targets for operating profit and EBITDA are being maintained in order to accelerate upfront investment in human capital, operational efficiency improvements, and DX and cybersecurity measures, while the ROE target is being raised by accelerating the sale of cross-held shares.
| Item | Details |
|---|---|
| Net Sales | ¥880 100 million → ¥1,000 100 million |
| Operating profit | ¥47 100 million → ¥47 100 million |
| Period Covered | Final Year of the Medium-Term Management Plan |
| Publication date of previous forecast | 14 November 2024 |
| Reason for the revision | The net sales target is being raised based on the full-year contribution from the results of the 4 companies added through M&A, the expectation that selling prices in the rice wholesale business will remain at a certain level, and growth investments to increase corporate value over the medium to long term. The original targets for operating profit and EBITDA are being maintained in order to accelerate upfront investment in human capital, operational efficiency improvements, and DX and cybersecurity measures, while the ROE target is being raised by accelerating the sale of cross-held shares. |
| Dividend forecast revision | The total payout ratio of 70%–80% will be maintained (no specific revision to the dividend forecast is stated). |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (6)
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 revision reflects the expectation that the results of the 4 companies added through M&A will contribute for a full year from the fiscal year ending March 2027 onward, that selling prices in the rice wholesale business will remain at a certain level, and that growth investments will be advanced to increase corporate value over the medium to long term. The original targets for operating profit and EBITDA are being maintained in order to accelerate upfront investment in human capital, back-office efficiency improvements, and DX and cybersecurity measures. The ROE target has been raised to accelerate the sale of cross-held shares.