Orion Breweries (409) investor relations material

Executive summary

• Achieved record-high sales and operating profit for the fiscal year ended March 31, 2026, despite external disruptions and regulatory changes, with net sales up 2.9% to ¥29,713 million and operating profit up 24.0% to ¥4,314 million.

• Profit attributable to owners of parent fell 50.1% to ¥3,641 million due to the absence of prior-year real estate gains, despite extraordinary income from the Orion Hotel Naha transfer.

• Implemented profitability improvement measures, resulting in increased dividends and a share buyback program totaling ¥550 million.

• Overcame the impact of liquor tax revision and the abolition of the Special Measures Act, sustaining growth in both revenue and operating profit.

• Comprehensive income matched profit at ¥3,641 million.

Financial highlights

• Net sales reached ¥29,713 million, up 2.9% year-over-year; operating profit was ¥4,314 million, up 24.0% year-over-year.

• EBITDA increased to ¥5,876 million, up 12.5% year-over-year, with EBITDA margin improving by 1.8 percentage points to 24.2%.

• Adjusted net income attributable to owners of parent was ¥3,030 million, up 18.6% year-over-year.

• Basic earnings per share was ¥88.59, down from ¥133.90 the previous year.

• Dividend per share increased by ¥4 to ¥44 annually.

Outlook and guidance

• FY2027 net sales forecasted at ¥31,119 million (+4.7% YoY), with operating profit of ¥4,352 million (+0.9% YoY), and EBITDA projected at ¥5,948 million (+1.2% YoY).

• Dividend per share planned at ¥34, with a total shareholder return of ¥2,021 million including treasury share repurchases.

• Alcoholic & Beverages Business aims to maintain profit levels despite increased tax burdens by expanding sales channels and optimizing expenses.

• Tourism & Hotel Business expects revenue and profit growth through enhanced RevPAR and value-add investments.

• Profit attributable to owners of parent forecast to decrease 19.5% to ¥2,932 million.