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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.
Kewpie
Kewpie (2809) investor relations material
Kewpie Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary8 Oct, 2026
Executive summary
Nine-month sales rose 3.6% YoY to ¥397,119M; operating income increased 17.0% to ¥31,658M and ordinary income rose 17.4% to ¥34,315M.
Profit attributable to owners of parent fell 18.2% to ¥21,311M, reflecting the absence of prior-year gains on sales of fixed assets.
Financial highlights
Gross profit was ¥120,690M versus ¥112,487M a year earlier; SG&A rose to ¥89,031M from ¥85,424M.
Profit before income taxes was ¥34,129M versus ¥40,108M; extraordinary gains fell to ¥827M from ¥12,423M, including prior-year fixed-asset sale gains of ¥12,073M.
Comprehensive income increased to ¥33,573M from ¥26,953M, supported by ¥8,045M in foreign currency translation adjustments.
Outlook and guidance
FY2026 forecasts remain unchanged: sales ¥530,000M (+3.2%), operating income ¥38,000M (+9.7%), ordinary income ¥40,000M (+7.0%), and attributable profit ¥25,500M (-16.4%).
FY2026 forecast EPS is ¥184.95; the annual dividend forecast is ¥65 per share, with no revision to the announced outlook.
Forward-looking results may differ significantly from forecasts due to various factors and assumptions.
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Latest events from Kewpie
- Sales and operating income rose, but net profit fell due to fewer extraordinary gains.2809
Q2 2026 - Sales and operating income rose, but net profit fell on lack of one-time gains; outlook steady.2809Q1 2026
- Record-high profit, strong overseas growth, and asset gains drive outlook for further expansion.2809Q4 2025
- Net sales and profit attributable to owners of parent increased, with strong segment growth.2809Q3 2025
- Net sales and net income rose, with AOHATA to become a wholly owned subsidiary via share exchange.2809Q2 2025
- Operating income more than doubled and net income soared 78.3% year-over-year.2809Q3 2024
- Operating income and profit more than doubled year-over-year, driving a strong outlook.2809Q2 2024
- Net profit more than doubled in Q1 FY2025, driven by extraordinary gains.2809Q1 2025
- FY2024 profit surged 62.6% with robust outlook and higher dividends planned.2809Q4 2024
Next Kewpie earnings date
Q4 202614 Jan, 2027
Kewpie
Next Kewpie earnings date
Q4 202614 Jan, 2027
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Frequently asked questions
Kewpie Corporation is a food processing company known for its diverse array of condiments, processed foods, health function products, delicatessen food products, egg products, fine chemicals, salads, and prepared foods. The company's product portfolio includes mayonnaise, dressings, baby foods, jams, fruit spreads, mustards, and sauces, catering to a wide range of consumer preferences. Kewpie also focuses on providing nutritional supplement foods and nursing care products under well known brand names such as Aohata, Snowman, and Kewpie.