Toyo Suisan Kaisha (2875) Q4 2026 earnings summary

Executive summary

• Net sales reached ¥536,636 million, with operating profit of ¥85,799 million and profit attributable to owners of parent at ¥70,188 million, driven by price revisions and strong demand across key segments.

• All major segments reported sales growth, with notable profit increases in Overseas Instant Noodles and Cold-Storage segments.

• Comprehensive income surged 50.2% year-over-year to ¥93,790 million.

• Price increases and cost optimization offset higher raw material and manufacturing costs in both domestic and overseas markets.

Financial highlights

• Operating profit margin improved to 16.0% from 14.9% year-over-year.

• Basic earnings per share increased to ¥713.27 from ¥636.18 year-over-year.

• Net assets rose 10.2% to ¥543,927 million, with an equity ratio of 82.6%.

• EBITDA for FY2024 was ¥92.2 billion.

• Dividend per share maintained at ¥200.

Outlook and guidance

• FY2027 guidance: net sales ¥560,000 million (+4.4%), operating profit ¥82,000 million (−4.4%), profit attributable to owners of parent ¥65,600 million (−6.5%).

• Dividend forecast for FY2027 is ¥220 per share, unchanged from FY2026.

• Capital expenditure planned at ¥50.8 billion, with a focus on plant expansions and efficiency improvements.

• ROE target for FY2027 is 10% or higher, aiming for 12%.

• Economic recovery expected to continue, but risks from global events and market volatility remain.