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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Demae-Can
Demae-Can (2484) investor relations material
Demae-Can Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary15 Oct, 2026
Executive summary
FY26 revenue was ¥39,057m, down 1.7% on the reported basis; operating loss widened to ¥8,288m from ¥4,923m, and net loss widened to ¥8,246m.
Revenue was ¥39.1bn, 102% YoY on the stated reference basis, and close to revised guidance of ¥39.2bn; FY25 reported-basis revenue was ¥39.7bn.
Orders and revenue returned to YoY growth in 2H FY26 as strategic growth investments resumed from 2H FY25.
Financial highlights
FY26 Q4 revenue was ¥10,766m and operating loss was ¥1,917m; Q4 gross margin was 4.6%.
Gross profit fell to ¥637m from ¥4,570m as cost of sales rose to ¥38,420m; SG&A was ¥8,925m.
Ordinary loss was ¥8,235m versus ¥4,968m; loss per share was ¥74.02 versus ¥43.62.
Total assets fell ¥7,626m YoY to ¥31,221m; net assets declined ¥8,193m to ¥20,431m, mainly reflecting the net loss.
September 2026 preliminary operating loss narrowed to ¥85m as revenue growth accelerated and profitability improved.
Outlook and guidance
FY27 Q1 revenue guidance is ¥11.0–11.5bn, or 122.4%–127.9% YoY, with positive operating profit expected.
Q1 goals include double-digit top-line growth and positive operating profit while continuing fixed-cost optimization.
Forecasts are issued quarterly due to short-term volatility in consumer demand and competitive conditions; actual results may differ significantly.
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Latest events from Demae-Can
- Double-digit order growth achieved, but sales fell and losses deepened amid market challenges.2484
Q3 2026 - GMV up 93% YoY, gross margin at 27%, with affiliate sale and stock buyback announced.2484Q3 2024
- Revenue reached ¥50,411 million and losses narrowed, with profitability targeted for FY8/2025.2484Q4 2024
- Sales fell but profitability improved, with cost controls and service upgrades supporting outlook.2484Q1 2025
- Operating and net losses narrowed as dynamic pricing and cost controls offset revenue decline.2484Q2 2025
- Sales fell sharply, losses narrowed, and guidance was cut as focus shifted to core delivery.2484Q3 2025
- Sales dropped 21.2% YoY, losses narrowed, and new strategies target growth and efficiency.2484Q4 2025
- Sales dropped 18.6% with deepening losses, but targeted pricing drove strong order growth.2484Q1 2026
- Sales and revenue fell, losses widened, but user and order growth surged with new initiatives.2484Q2 2026
Next Demae-Can earnings date
Q1 202713 Jan, 2027
Demae-Can
Next Demae-Can earnings date
Q1 202713 Jan, 2027
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