Itoham Yonekyu Holdings cut its full-year ordinary profit forecast for the fiscal year ending March 2027 to ¥27.5 billion. First-half ordinary profit was ¥11.3 billion, down 17% year on year, and second-half ordinary profit is expected to be ¥16.1 billion.
Itoham Yonekyu Holdings announced its results at midday on 4 November, reporting consolidated ordinary profit of ¥11.3 billion for the cumulative second quarter of the fiscal year ending March 2027 (April–September), down 17.0% year on year. At the same time, it revised its full-year consolidated ordinary profit forecast downward by 1.8%, from ¥28 billion to ¥27.5 billion. Ordinary profit in the previous fiscal year was ¥30.3 billion.
Ordinary profit for the latest 3-month period, July–September, fell 51.6% year on year to ¥2.16 billion, while the operating profit margin on revenue deteriorated from 1.6% in the same period a year earlier to 0.9%. Based on this, ordinary profit for the October–March second half was estimated at ¥16.1 billion, down 3.5% year on year.
The downward revision was based on estimates using first-half results and the full-year plan. Comparable stocks cited included Nippon Meat Packers, Prima Meat Packers and Marudai Food, and the contents of the earnings summary were also reviewed in making investment decisions.