Pietro, a major salad dressing maker, announced its consolidated earnings outlook for the fiscal year ending March 2027. The net loss is expected to widen to ¥171 million, while revenue is forecast to rise 7% year on year to ¥13.0 billion.
On the 13th, Pietro announced that it expects to post a net loss in its consolidated results for the fiscal year ending March 2027. The loss is forecast at ¥171 million, widening from the ¥32 million loss recorded in the previous fiscal year. The increase in corporate taxes was cited as a cause.
Revenue is expected to reach ¥13.0 billion, an increase of 7% year on year. Revenue from the company's core salad dressing business is forecast to rise 10%, reflecting the effect of price increases from January shipments. Meanwhile, higher contract manufacturing costs at the North American subsidiary will weigh on earnings, while operating profit is maintained at the previous forecast of ¥70 million.
In the consolidated results for April–September 2026, revenue rose 12% year on year to ¥6.7 billion and operating profit increased 38% to ¥930 million, narrowing the loss. The store business posted higher profit after the company reorganised unprofitable stores.
On the same day, the company announced a plan to strengthen its North American business by having its US subsidiary acquire a factory operated by a local food company. The acquisition price was not disclosed, but the company aims to improve profitability by bringing in-house the production of salad dressings that had been outsourced. President Takahashi Yasuyuki (高橋 泰行) said he expects the company to return to profitability from the next fiscal year onward through the start-up of the new plant and cost controls at its own plant.