Ichibanya's share price moved higher over the past month, with its P/E ratio reaching approximately 64x. After a sharp rise at the end of August, the stock traded around ¥1,090, marking an increase in its price level without an accompanying earnings announcement. In 1Q of the fiscal year ending February 2027, revenue increased, while operating profit and other profit figures declined year on year.
ICHIBANYA's share price moved to a higher level over the past month, rising ¥150 from the previous day to ¥1,091 at the end of August. It reached ¥1,117 on the following trading day, but then moved sideways in a range of ¥1,078 to ¥1,100, closing at ¥1,090 on 11 September. The share price has risen even without an earnings announcement, likely reflecting a change in expectations for the period ahead rather than recent results.
The latest results were for 1Q of the fiscal year ending February 2027. Revenue was ¥16.9 billion, up 7.8% year on year, while operating profit was ¥1.0 billion, down 14.3% year on year. Ordinary profit fell 15.8% and net profit fell 21.1%, with the decline widening further down the income statement. Operating profit in the year-earlier quarter was ¥1.2 billion. The increase in revenue was driven by the expansion of overseas and domestic subsidiaries' businesses, while profit was affected by higher procurement costs for food ingredients, including rice, and increased logistics costs.
The full-year operating profit forecast was unchanged at ¥5.0 billion, with 1Q progress at 21.7%, below a straight-line pace. Because the food-service industry is seasonal, it is too early to judge the full year based solely on 1Q progress, but the fact that the forecast was left unchanged is itself considered important information.