S Foods (2292) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended August 31, 2025, rose 4.6% year-over-year to ¥229,048 million, with operating profit up 36.1% to ¥3,598 million and ordinary profit up 16.4% to ¥4,042 million.

• Profit attributable to owners of parent surged 241.5% year-over-year to ¥4,150 million, while comprehensive income fell 54.4% to ¥3,179 million due to negative foreign currency translation adjustments.

Financial highlights

• Gross profit increased to ¥24,836 million from ¥22,723 million year-over-year, while operating profit rose to ¥3,598 million from ¥2,643 million.

• Extraordinary income of ¥3,085 million was recorded, mainly from gains on sale of non-current assets and investment securities.

• Total assets grew to ¥242,497 million as of August 31, 2025, up from ¥230,595 million at the previous fiscal year-end.

• Net cash used in operating activities was ¥3,766 million, and net cash used in investing activities was ¥5,268 million for the six-month period.

• Cash and cash equivalents at period-end were ¥32,001 million, down from ¥41,276 million at the start of the period.

Outlook and guidance

• Full-year net sales forecast is ¥475,000 million, up 6.9% year-over-year, with operating profit projected at ¥7,500 million (up 45.8%) and profit attributable to owners of parent at ¥4,500 million (up 68.7%).

• Annual dividend forecast is ¥104.00 per share, up from ¥89.00 in the previous year.