Kewpie (2809) Q2 2025 earnings summary

Executive summary

• Net sales rose 6.3% year-over-year to ¥251,852 million for the first six months ended May 31, 2025, with profit attributable to owners of parent up 50.3% to ¥18,803 million.

• Operating income declined 14.4% year-over-year to ¥16,164 million, while ordinary income decreased 14.1% to ¥17,448 million.

• Comprehensive income increased 32.0% year-over-year to ¥19,789 million.

Financial highlights

• Gross profit was ¥73,503 million, up slightly from ¥73,182 million year-over-year.

• Earnings per share increased to ¥135.27 from ¥90.02 year-over-year.

• Total assets grew to ¥470,795 million as of May 31, 2025, from ¥462,372 million at the previous fiscal year-end.

• Equity ratio improved to 67.0% from 65.4% as of November 30, 2024.

Outlook and guidance

• Full-year net sales forecast at ¥505,000 million, up 4.3% year-over-year.

• Operating income projected at ¥34,500 million (up 0.5%), ordinary income at ¥36,600 million (down 0.7%), and profit attributable to owners of parent at ¥29,200 million (up 36.3%).

• Full-year EPS forecast at ¥210.07.