Kewpie (2809) Q3 2026 earnings summary

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.