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Calbee (2229) investor relations material
Calbee Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 net sales rose 5.5% year-over-year to ¥86.8bn, with profit attributable to owners up 15.2%, driven by strong domestic and overseas business, especially in Asia/Oceania.
Operating profit increased 24.4% to ¥6.6bn, with operating margin up 1.2pts to 7.6%.
Overseas growth was led by Asia/Oceania, aided by Hodo, Inc. consolidation and favorable FX, while North America focused on organizational strengthening.
The impact of the Middle East situation was limited in Q1 and within expectations.
Financial highlights
Net sales rose to ¥86.8bn (+5.5% YoY); domestic sales up 2.0%, overseas up 16.2%.
Operating profit increased 24.4% to ¥6.6bn; ordinary profit up 26.1% to ¥6.7bn.
Net profit attributable to owners was ¥4.1bn, up 15.2% YoY; comprehensive income rose 64.4% to ¥5.25bn.
EBITDA grew 18.0% to ¥11.1bn; EBITDA margin improved by 1.4pts to 12.8%.
Gross profit margin reached 32.4%, up 8.4% YoY; gross profit was ¥28.1bn.
Outlook and guidance
Full-year forecast unchanged: net sales ¥370bn (+8.8% YoY), operating profit ¥26.2bn (+0.1% YoY), profit attributable to owners ¥17.4bn (+0.4% YoY).
No change to forecast for a negative ¥3.0bn impact on operating profit from the Middle East situation for the fiscal year.
Greatest cost impact from the Middle East expected in Q2; measures include packaging changes and price revisions from October.
Annual dividend forecast raised to ¥69.00 per share.
- Targets global expansion by 2035, building on strengths to lead in the evolving snack market.2229
Investor presentation - Prioritizing North America and new categories, aiming for 7% sales growth and higher profitability.2229
Investor presentation - Sales up 5.5% but profit down 10% as costs rise; FY2027 outlook strong but cautious.2229
Q4 2026 - Accelerating global expansion and portfolio transformation with a focus on North America and innovation.2229
Investor presentation - Sales up 5.3% but profit down 20.8% amid cost pressures and overseas growth.2229
Q3 2026 - Sales up 5.5% but profit down 31.9% YoY; forecasts cut and ¥10bn buyback announced.2229
Q2 2026 - Sales growth offset by profit decline from higher costs and FX losses; outlook positive.2229
Q1 2026 - Record Q1 profit and sales driven by domestic and North American growth, offsetting China weakness.2229
Q1 2025 - Record H1 results and strong growth led to upward full-year guidance and continued investment.2229
Q2 2025
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