Iwatsuka Confectionery Co., Ltd.
Iwatuka Seika Co., Ltd. First Quarter Financial Summary (Consolidated) under Japanese Standards
Net sales of 7,519 million yen (YoY +5.6%), operating loss 40 million yen, ordinary income 11 million yen, net income attributable to owners of the parent 9 million yen. Higher costs for raw rice and packaging materials pushed manufacturing costs up, and combined with higher selling, general and administrative expenses, results in an operating loss. Full-year guidance unchanged. Will continue using 100% domestically produced rice and strengthen the brand.
Key Figures
- Net sales: 7,519百万円（YoY +5.6％）
- Operating loss: △40百万円
- Ordinary income: 11百万円
- Net income attributable to owners of the parent: 9百万円
- Total assets: 78,581百万円
AI要約
Overview of results
In the first quarter consolidated cumulative period, net sales reached 7,519 million yen, surpassing the previous period. However, higher manufacturing costs due to rising raw rice prices and packaging material costs, along with increased selling, general and administrative expenses during the period, led to an operating loss. Operating income declined from 209.3 million yen in the same period last year to negative 40 million yen. Ordinary income was 11 million yen, and net income attributable to owners of the parent was 9 million yen, both decreasing.
Financial position and outlook
Total assets stood at 78,581 million yen, while net assets were 59,767 million yen. Despite persistent high raw materials and packaging costs and increases in labor and logistics costs, the company will continue with mid-term plans and cost-reduction measures. There are no changes to the full-year earnings outlook, which remains based on reasonable assumptions.
Net Sales Trend
Operating Profit Trend
Iwatuka Seika Co., Ltd.
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