Sato Foods Co., Ltd.
First Quarter Financial Summary (Japanese GAAP) (Consolidated)
Consolidated net sales for the first quarter were 7.996 billion yen, down 10.6% YoY. Operating income declined by 170 million yen, ordinary income declined by 150 million yen, and net income attributable to owners of the parent declined by 110 million yen. Sales of kagami mochi and packaged mochi remained solid, but packaged rice meals were under pressure due to price increases. Full-year earnings guidance has been revised from undecided to updated, and the dividend forecast of 75 yen remains. The second factory at Sekineko Plant is scheduled for completion in April 2026, with gradual start of operations.
Key Figures
- Sales: 7,996 million yen
- Operating income: 1,7 million yen
- Net income attributable to owners of parent: 1,1 million yen
AI要約
Overview of Performance
Sato Foods’ fiscal year ending April 2027, Q1, recorded net sales of 7,996 million yen (down 10.6% YoY). The main factors were solid demand for packaged mochi products but declines in packaged rice meals, along with higher raw material and logistics costs. Operating income was 170 million yen, ordinary income 150 million yen, and net income attributable to owners of the parent 110 million yen, all markedly down. The price adjustment for kagami mochi has been implemented. Investment in the new plant continues to expand production capacity.
Outlook and Capital Policy
Full-year earnings guidance, previously undecided, has been revised based on Q1 information. The company will promptly publish revisions to earnings guidance in response to changes in international conditions and material costs. The dividend forecast remains 75 yen. With the full-scale operation of the Sekino Plant’s second factory, the company aims to expand production capacity and strengthen a stable supply chain.
Sato Foods Co., Ltd.
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