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Financial results presentation9941TAIYO BUSSAN KAISHA,LTD.Trading & Wholesale

FY2025 results briefing materials

In the fiscal year ended September 2025, sales and gross profit increased, led by the Food Division, while selling, general and administrative expenses rose due to shareholder-benefit expenses and other factors, resulting in lower operating profit and all subsequent profit figures. For the fiscal year ending September 2026, the company presented a forecast targeting sales of ¥25.052 billion and operating profit of ¥290 million.

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Financial results presentationFiscal year ended September 202512 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥19,662 million+104.8%
Operating profit¥247 million+92.9%
Ordinary income¥173 million+85.9%
Net income¥148 million+91.4%
Selling, general and administrative expenses¥513 million
Gross Profit Margin
Rate3.9%
Year-on-year change (points)In line with the prior-year period
Operating profit margin
Rate1.3%
Year-on-year change (points)前年の1.4%から0.1ポイント低下
Results for the three months of the current quarter
2025年9月期第4四半期
Net Sales
¥5,613 million
Gross profit
¥189 million
Selling, general and administrative expenses
¥133 million
Operating profit
¥55 million
Ordinary income
¥38 million
Net income
¥32 million
Gross Profit Margin3.4%
Full-year earnings forecast
Fiscal year ending September 2026
Net Sales
¥25,052 million
Costs of sales
¥24,273 million
Gross profit
¥778 million
Selling, general and administrative expenses
¥488 million
Operating profit
¥290 million
Ordinary income
¥228 million
Net income
¥182 million
Earnings per share
¥94.36
Dividend per share
¥0
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。
2025年9月期期初予想比
Net Sales86.1%
Gross profit99.0%
Operating profit83.8%
Ordinary income68.5%
Net income74.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
期初予想に対する達成率は、売上高は86.1%、売上総利益は99.0%、営業利益は83.8%となりました。
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year on year against the same period last year
Net Sales+903百万円
Costs of sales+886百万円
Gross profit+¥17 million
Selling, general and administrative expenses+¥36 million
Operating profit-¥19 million
Ordinary income△¥28 million
Net income-¥14 million
期初予想比
Net Sales△3,187百万円
Costs of sales△3,179百万円
Gross profit-¥8 million
Selling, general and administrative expenses+¥39 million
Operating profit△47百万円
Ordinary income-¥80 million
Net income−¥51 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
2025年11月時点の資源価格上昇、為替相場の変動など厳しい経営環境が継続する想定。具体的な為替レート・資源価格の数値はNot disclosed。
New initiatives
  • Expansion of agricultural product handling
  • 外食産業の海外出店サポート拡充
  • 国産鶏肉等の国内取引拡大
  • Promotion of new businesses, including cross-border e-commerce
  • Promotion of the Chinese subsidiary's business and expansion of the China business
  • Overseas expansion of the ramen brand
  • 営業職を毎期2名程度増員
Key KPIsA metric the company considers important as a management benchmark.
  • Equity ratio11.6 %
    Year on year against the same period last year+1.9 percentage points
  • Working capital turnover period3.72 months
    Year on year against the same period last year+0.22か月
  • EBITDA¥255 million
    Year on year against the same period last year−¥18 million
Segment results
Food Products Department
Net Sales
¥8,810 million
Year-on-year change in revenue122
Gross profit
¥422 million
Gross profit year on year110.6
Agricultural Products Department
Net Sales
¥2,774 million
Year-on-year change in revenue91.9
Gross profit
¥98 million
Gross profit year on year93.2
China Development Department
Net Sales
¥5,994 million
Year-on-year change in revenue85.3
Gross profit
¥156 million
Gross profit year on year89.8
Lifestyle Industries Department
Net Sales
¥2,083 million
Year-on-year change in revenue140
Gross profit
¥83 million
Gross profit year on year102.9
Medium-term management plan targets
Gross Profit Margin4%または4%以上
Equity ratio20%
Financial targets
Equity ratio
Target20.0%
Actual results11.6%
Market Size / Share
国内大手飲食チェーンの海外店舗比率が2023年度に4割超との記載はあるが、市場規模・自社シェアはNot disclosed
Number of employees
Number of Employees31 People
Change during the period25名から31名へ増加
Hiring plan2025年9月期からの3年程度、毎期2名程度の営業職増員を計画
Capital expenditures
¥5 million
Annual Dividend
Fiscal year ended September 2025
Annual Dividend¥0.00
End of period¥0.00
Fiscal year ending September 2026 forecast
Annual Dividend¥0.00
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ended September 2025
Net Sales¥19,662 million (YoY +104.8%)
Operating profit¥247 million (YoY +92.9%)
Ordinary income¥173 million (YoY +85.9%)
Net income¥148 million (YoY +91.4%)
Gross Profit MarginRate 3.9% / Year-on-year change (points) In line with the prior-year period
Operating profit marginRate 1.3% / Year-on-year change (points) 前年の1.4%から0.1ポイント低下
Selling, general and administrative expenses¥513 million
Results for the three months of the current quarter2025年9月期第4四半期 Net Sales ¥5,613 million / Gross profit ¥189 million / Selling, general and administrative expenses ¥133 million / Operating profit ¥55 million / Ordinary income ¥38 million / Net income ¥32 million / Gross Profit Margin 3.4%
Full-year earnings forecastFiscal year ending September 2026 Net Sales ¥25,052 million / Costs of sales ¥24,273 million / Gross profit ¥778 million / Selling, general and administrative expenses ¥488 million / Operating profit ¥290 million / Ordinary income ¥228 million / Net income ¥182 million / Earnings per share ¥94.36 / Dividend per share ¥0
Progress against full-year forecast2025年9月期期初予想比 Net Sales 86.1% / Gross profit 99.0% / Operating profit 83.8% / Ordinary income 68.5% / Net income 74.2%
Self-assessment against the plan期初予想に対する達成率は、売上高は86.1%、売上総利益は99.0%、営業利益は83.8%となりました。
Segment resultsFood Products Department Net Sales ¥8,810 million / Year-on-year change in revenue 122 / Gross profit ¥422 million / Gross profit year on year 110.6 / Agricultural Products Department Net Sales ¥2,774 million / Year-on-year change in revenue 91.9 / Gross profit ¥98 million / Gross profit year on year 93.2 / China Development Department Net Sales ¥5,994 million / Year-on-year change in revenue 85.3 / Gross profit ¥156 million / Gross profit year on year 89.8 / Lifestyle Industries Department Net Sales ¥2,083 million / Year-on-year change in revenue 140 / Gross profit ¥83 million / Gross profit year on year 102.9
Breakdown of Factors Affecting the ChangeYear on year against the same period last year Net Sales +903百万円 / Costs of sales +886百万円 / Gross profit +¥17 million / Selling, general and administrative expenses +¥36 million / Operating profit -¥19 million / Ordinary income △¥28 million / Net income -¥14 million / 期初予想比 Net Sales △3,187百万円 / Costs of sales △3,179百万円 / Gross profit -¥8 million / Selling, general and administrative expenses +¥39 million / Operating profit △47百万円 / Ordinary income -¥80 million / Net income −¥51 million
Key KPIsIndicator name Equity ratio / Value 11.6 % / Year on year against the same period last year +1.9 percentage points, Indicator name Working capital turnover period / Value 3.72 months / Year on year against the same period last year +0.22か月, Indicator name EBITDA / Value ¥255 million / Year on year against the same period last year −¥18 million
Number of employeesNumber of Employees 31 People / Change during the period 25名から31名へ増加 / Hiring plan 2025年9月期からの3年程度、毎期2名程度の営業職増員を計画
Assumptions Underlying the Business Outlook2025年11月時点の資源価格上昇、為替相場の変動など厳しい経営環境が継続する想定。具体的な為替レート・資源価格の数値はNot disclosed。
Medium-term management plan targetsGross Profit Margin 4%または4%以上 / Equity ratio 20%
Financial targetsEquity ratio Target 20.0% / Actual results 11.6%
Annual DividendFiscal year ended September 2025 Annual Dividend ¥0.00 / Interim Not disclosed / End of period ¥0.00 / Fiscal year ending September 2026 forecast Annual Dividend ¥0.00 / Interim Not disclosed / End of period Not disclosed
Capital expenditures¥5 million
Market Size / Share国内大手飲食チェーンの海外店舗比率が2023年度に4割超との記載はあるが、市場規模・自社シェアはNot disclosed
New initiativesExpansion of agricultural product handling, 外食産業の海外出店サポート拡充, 国産鶏肉等の国内取引拡大, Promotion of new businesses, including cross-border e-commerce, Promotion of the Chinese subsidiary's business and expansion of the China business, Overseas expansion of the ramen brand, 営業職を毎期2名程度増員
Items this document does not state (7)
Unit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.

2025年9月期は、加工食品・国産鶏肉・豚肉などの販売増加で売上高と売上総利益が増加した一方、株主優待関連費用の発生・増加で販管費が増加し、営業利益以下を押し下げた。また、期初予想に対しては、農産品の新規事業の売上が計上できなかったことと、株主優待費用等の増加が未達要因として挙げられている。2026年9月期は、取扱商材の拡充、取扱品目の選別、新規事業の強化を前提としている。

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FY2025 results briefing materials | TAIYO BUSSAN KAISHA,LTD. (9941) timely disclosure | Komori