Worth reading
69In 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
31
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,911 million+106.1%
Operating profit¥223 million+116.4%
Ordinary income¥145 million+107.6%
Net income¥119 million+103.3%
Selling, general and administrative expenses¥349 million
Gross Profit Margin
Rate3.8%
Year-on-year change (points)Down 0.3 percentage points from 4.1% in the same period of the previous year
Operating profit margin
Rate1.5%
Year-on-year change (points)Up 0.1 percentage points from 1.4% in the same period of the previous year
Results for the three months of the current quarter
Net Sales
¥5,340 million
Gross profit
¥196 million
Selling, general and administrative expenses
¥117 million
Operating profit
¥78 million
Ordinary income
¥39 million
Net income
¥31 million
Full-year earnings forecast
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。
Net Sales59.5%
Costs of sales59.1%
Gross profit73.5%
Selling, general and administrative expenses71.4%
Operating profit77.0%
Ordinary income63.8%
Net income65.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in sales¥863 million
- Increase in costs of sales¥862 million
- Decrease in selling, general and administrative expenses¥-30 million
- Increase in operating profit¥31 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumption is that the severe operating environment as of November 2025 will continue, including rising resource prices, partly due to the prolonged Russia-Ukraine situation, and fluctuations in foreign exchange rates. Specific foreign exchange rates and resource price figures are Not disclosed.New initiatives
- Expansion of agricultural product handling
- Expansion of support for overseas openings by companies in the food-service industry
- 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
- Plan to add approximately 2 sales staff each fiscal year
Key KPIsA metric the company considers important as a management benchmark.
- Gross profit margin3.8 %Year on year against the same period last year4.1% in the same period of the previous year
- Equity ratio12.1 %Year on year against the same period last year+0.5 percentage points from the end of the previous fiscal year
- Working capital turnover period3.96 monthsYear on year against the same period last year+0.24 months from the end of the previous fiscal year
Segment results
- Food Products DepartmentNet Sales9,112Revenue unit¥ millionYear-on-year change in revenue145.1%Gross profit380Profit unit¥ millionYear-on-year change in profit121.4%
- Agricultural Products DepartmentNet Sales1,678Revenue unit¥ millionYear-on-year change in revenue91.4%Gross profit56Profit unit¥ millionYear-on-year change in profit86.4%
- China Development DepartmentNet Sales3,818Revenue unit¥ millionYear-on-year change in revenue84.6%Gross profit115Profit unit¥ millionYear-on-year change in profit72.4%
- Lifestyle Industries DepartmentNet Sales302Revenue unit¥ millionYear-on-year change in revenue21.3%Gross profit20Profit unit¥ millionYear-on-year change in profit59.8%
Medium-term management plan targets
Gross Profit Margin
Target value4.0% or more
Target fiscal yearMedium term
Equity ratio
Target value20.0%
Target fiscal yearMedium- to Long-Term Outlook
Financial targets
Equity ratio
Target value20.0%
Actual value12.1%
Market Size / Share
Related disclosureIt was stated that overseas locations accounted for more than 40% of the locations of major domestic restaurant chains in fiscal 2023.
Number of employees
Number of Employees29 People
Reference date30 June 2026
Change during the period28 people in the first quarter, 29 in the second quarter, and 29 in the third quarter of the fiscal year ending September 2026
Hiring planPlan to add approximately 2 sales staff each fiscal year for around 3 years from the fiscal year ending September 2026
Annual Dividend
Annual dividend per share¥0.00
End of period¥0.00
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥14,911 million (YoY +106.1%) |
| Operating profit | ¥223 million (YoY +116.4%) |
| Ordinary income | ¥145 million (YoY +107.6%) |
| Net income | ¥119 million (YoY +103.3%) |
| Gross Profit Margin | Rate 3.8% / Year-on-year change (points) Down 0.3 percentage points from 4.1% in the same period of the previous year |
| Operating profit margin | Rate 1.5% / Year-on-year change (points) Up 0.1 percentage points from 1.4% in the same period of the previous year |
| Selling, general and administrative expenses | ¥349 million |
| Results for the three months of the current quarter | Net Sales ¥5,340 million / Gross profit ¥196 million / Selling, general and administrative expenses ¥117 million / Operating profit ¥78 million / Ordinary income ¥39 million / Net income ¥31 million |
| Full-year earnings forecast | 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 | Net Sales 59.5% / Costs of sales 59.1% / Gross profit 73.5% / Selling, general and administrative expenses 71.4% / Operating profit 77.0% / Ordinary income 63.8% / Net income 65.6% |
| Segment results | Segment Food Products Department / Net Sales 9,112 / Revenue unit ¥ million / Year-on-year change in revenue 145.1% / Gross profit 380 / Profit unit ¥ million / Year-on-year change in profit 121.4%, Segment Agricultural Products Department / Net Sales 1,678 / Revenue unit ¥ million / Year-on-year change in revenue 91.4% / Gross profit 56 / Profit unit ¥ million / Year-on-year change in profit 86.4%, Segment China Development Department / Net Sales 3,818 / Revenue unit ¥ million / Year-on-year change in revenue 84.6% / Gross profit 115 / Profit unit ¥ million / Year-on-year change in profit 72.4%, Segment Lifestyle Industries Department / Net Sales 302 / Revenue unit ¥ million / Year-on-year change in revenue 21.3% / Gross profit 20 / Profit unit ¥ million / Year-on-year change in profit 59.8% |
| Breakdown of Factors Affecting the Change | Factors Increase in sales / Amount ¥863 million, Factors Increase in costs of sales / Amount ¥862 million, Factors Decrease in selling, general and administrative expenses / Amount ¥-30 million, Factors Increase in operating profit / Amount ¥31 million |
| Key KPIs | Indicator name Gross profit margin / Value 3.8 % / Year on year against the same period last year 4.1% in the same period of the previous year, Indicator name Equity ratio / Value 12.1 % / Year on year against the same period last year +0.5 percentage points from the end of the previous fiscal year, Indicator name Working capital turnover period / Value 3.96 months / Year on year against the same period last year +0.24 months from the end of the previous fiscal year |
| Number of employees | Number of Employees 29 People / Reference date 30 June 2026 / Change during the period 28 people in the first quarter, 29 in the second quarter, and 29 in the third quarter of the fiscal year ending September 2026 / Hiring plan Plan to add approximately 2 sales staff each fiscal year for around 3 years from the fiscal year ending September 2026 |
| Assumptions Underlying the Business Outlook | The assumption is that the severe operating environment as of November 2025 will continue, including rising resource prices, partly due to the prolonged Russia-Ukraine situation, and fluctuations in foreign exchange rates. Specific foreign exchange rates and resource price figures are Not disclosed. |
| Medium-term management plan targets | Gross Profit Margin Target value 4.0% or more / Target fiscal year Medium term / Equity ratio Target value 20.0% / Target fiscal year Medium- to Long-Term Outlook |
| Financial targets | Equity ratio Target value 20.0% / Actual value 12.1% |
| Annual Dividend | Annual dividend per share ¥0.00 / Interim Not disclosed / End of period ¥0.00 |
| Market Size / Share | Market Size Not disclosed / Share Not disclosed / Related disclosure It was stated that overseas locations accounted for more than 40% of the locations of major domestic restaurant chains in fiscal 2023. |
| New initiatives | Expansion of agricultural product handling, Expansion of support for overseas openings by companies in the food-service industry, 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, Plan to add approximately 2 sales staff each fiscal year |
Items this document does not state (9)
Self-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.Revenue increased due to new sales contracts for imported chicken and the closing and increased sales of value-added processed food products from Thailand. Operating profit and lower-line profit increased because selling, general and administrative expenses declined as share-based expenses related to shareholder benefits decreased.
How to read this page
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