Toyo Suisan Kaisha (2875) investor relations material

Executive summary

• Revenue for the first quarter of FY2027 increased 7.8% year-over-year to ¥135.7 billion, with operating income up 23.4% to ¥22.6 billion and net income attributable to shareholders rising 19.5% to ¥18.2 billion.

• The company implemented cost reductions and aggressive sales activities amid a gradually recovering Japanese economy and a competitive sales environment.

• Foreign exchange rates favored exports, with the yen weakening to an average of ¥159.50 per USD from ¥144.60 a year earlier.

Financial highlights

• Revenue: ¥135.7 billion, up ¥9.9 billion from the previous year.

• Operating income: ¥22.6 billion, up ¥4.3 billion year-over-year.

• Ordinary income: ¥25.1 billion, up ¥4.5 billion year-over-year.

• Gross profit margin improved to 31.1% from 29.0% year-over-year.

• Basic earnings per share rose to ¥187.53 from ¥153.09 year-over-year.

Segment performance

• Overseas instant noodles: Revenue rose ¥8.7 billion (16%) and operating income increased ¥4.2 billion (33%) year-over-year, with positive currency effects.

• Domestic instant noodles: Revenue up ¥1.5 billion (6%), operating income up ¥0.3 billion (14%) year-over-year.

• Chilled/frozen foods: Revenue declined ¥0.3 billion (1%), operating income fell ¥0.6 billion (27%) year-over-year.

• Seafood products: Revenue stable, operating income unchanged year-over-year.

• Other businesses: Revenue flat, operating income up slightly.