FY2026 March Results Explanation Materials

Performance Overview

The consolidated financial results for FY2026 show net sales of 211,814 million yen (up 1,977 million yen YoY), operating profit of 6,584 million yen (up 2,302 million yen YoY), ordinary income of 7,168 million yen (up 2,353 million yen YoY), and net income attributable to shareholders of 5,551 million yen (up 2,048 million yen YoY), all reaching record highs. In the feed segment, increased sales volume of livestock feed and improved raw material positions contributed to profit growth, adding approximately 2.82 billion yen. Other segments experienced slight decreases in profit, but overall profitability was supported by improved adjustments. Capital investments continued actively at 4,466 million yen. The company's financial health remains sound with an equity ratio of 66.8%.

Future Outlook and Dividend Policy

For FY2027, the company projects net sales of 221,000 million yen (up 9,186 million yen YoY), an operating profit of 5,900 million yen (down 684 million yen YoY), ordinary income of 6,200 million yen (down 968 million yen YoY), and net income attributable to shareholders of 6,900 million yen (up 1,349 million yen YoY). While sales are expected to increase, operating profit is forecasted to decline due to increased variable and fixed costs influenced by regional situations such as the Middle East. The dividend is planned at 35 yen/share at year-end (up 5 yen), totaling 65 yen/share annually (DOE 2.7%), maintaining stability while balancing growth investments. Share buybacks will also continue.