Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue from the fresh fish sales business increased as fish prices remained high, while revenue from the bait and feed sales business increased due to higher sales volumes of live bait. Operating profit increased as a result of higher live bait sales volumes, but lower dividend income and deterioration in the equity-method investment gain or loss weighed on ordinary profit. Gains on sales of investment securities were recorded as extraordinary income.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥47,676 million (YoY +6.2%) |
| Operating profit | ¥1,869 million (YoY +20.9%) |
| Ordinary income | ¥2,194 million (YoY +4.3%) |
| Profit attributable to owners of the parent | ¥3,784 million (YoY +167.4%) |
| Net income per share | ¥308.87 |
| Operating Margin | 3.9% |
| Equity ratio | End of the current fiscal period 73.7% / End of previous period 74.2% |
| Total assets | ¥55,291 million |
| Net assets | ¥40,780 million |
| Cash flows from operating activities | ¥2,660 million |
| Cash flows from investing activities | ¥3,260 million |
| Cash flows from financing activities | ¥-820 million |
| Cash and cash equivalents at end of period | ¥22,517 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Notes The consolidated earnings forecast for the fiscal year ending March 2027 will be disclosed when it becomes possible to make a forecast, as many factors remain uncertain at present. |
| Annual Dividend Forecast | ¥25 → Undecided（Undecided） |
| Payout ratio | 8.1% |
| Shareholder Return Policy | The basic policy is to continue paying stable dividends on an ongoing basis (no numerical targets stated). |
| Segment revenue | Fresh fish sales business ¥31,466 million (YoY +9.1%), Bait and feed sales business ¥16,205 million (YoY +1.0%), Other Businesses ¥3 million (YoY +17.6%) |
| Segment profit | Fresh fish sales business ¥220 million (YoY +194.9%), Bait and feed sales business ¥1,694 million (YoY +13.8%), Other Businesses ¥1 million (YoY +19.0%) |
| Depreciation and amortization | ¥681,159 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥3,489,384 thousand / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 12,290,862 Shares |
| Treasury Shares at Period-End | 35,813 Shares |
| Factors Behind Changes in Business Performance | Revenue from the fresh fish sales business increased as fish prices remained high, while revenue from the bait and feed sales business increased due to higher sales volumes of live bait. Operating profit increased as a result of higher live bait sales volumes, but lower dividend income and deterioration in the equity-method investment gain or loss weighed on ordinary profit. Gains on sales of investment securities were recorded as extraordinary income. |
Items this document does not state (5)
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 as fish prices remained high and sales volumes of live bait increased, with the company’s longstanding core businesses performing steadily. In terms of earnings, the eel farming business posted an operating loss due to lower selling prices, while increased sales volumes of live bait pushed up operating profit. The increase in ordinary profit was limited by lower dividend income and deterioration in the equity-method investment gain or loss. Net income attributable to owners of the parent increased due to gains on sales of investment securities.