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Calbee (2229) investor relations material
Calbee Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales rose 5.9% year-over-year to ¥82.2bn, driven by strong domestic and overseas performance.
Operating profit declined 31.0% to ¥5.3bn, mainly due to higher raw material costs and increased expenses.
Profit attributable to owners of parent dropped 49.9% to ¥3.5bn, impacted by the absence of prior-year tax incentives and forex gains.
Domestic business saw sales volume growth and successful marketing reforms; overseas business achieved double-digit local currency sales growth but lower profit in Indonesia and the UK.
New Setouchi Hiroshima Factory launched and digital transformation initiatives advanced as planned.
Financial highlights
Net sales rose to ¥82.2bn, up 5.9% year-over-year; operating profit fell 31.0% to ¥5.3bn.
EBITDA decreased 14.2% year-over-year to ¥9.4bn; net profit dropped 49.9% to ¥3.5bn.
Operating margin declined by 3.4pts to 6.4%; EBITDA margin fell 2.7pts to 11.5%.
Gross profit margin was 31.5%, down 4.2% year-over-year; gross profit was ¥25.9bn, down from ¥27.0bn.
Ordinary profit decreased 43.4% to ¥5.3bn, affected by foreign exchange losses.
Outlook and guidance
Full-year net sales forecast at ¥345bn (+7.0% YoY); operating profit forecast at ¥29.8bn (+2.5% YoY).
Profit attributable to owners of parent forecast at ¥20.5bn (-1.8% YoY); annual dividend forecast raised to ¥60.00 per share.
Recovery measures planned for overseas business to achieve full-year targets.
No changes to previously announced forecasts.
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