Maruha Nichiro (1333) Q4 2025 earnings summary

Executive summary

• Net sales rose 4.7% year-over-year to ¥1,078.6 billion, with operating income up 14.5% to ¥30.4 billion, marking a record high since 2007 integration.

• Profit attributable to owners of parent increased 11.6% year-over-year to ¥23.3 billion.

• All targets in the previous mid-term plan were achieved, including EBITDA of ¥51.6 billion and ROIC of 4.3%.

• Comprehensive income declined 8.5% year-over-year to ¥37,469 million.

Financial highlights

• Gross profit increased by ¥11.8 billion year-over-year to ¥145.6 billion.

• EBITDA rose 12.2% to ¥51.6 billion; ROE was 10.7%.

• Basic earnings per share rose to ¥461.90 from ¥413.61 year-over-year.

• Annual dividend per share increased to ¥110.00 from ¥85.00 year-over-year.

• Overseas net sales grew 17% year-over-year, with Europe and North America showing strong gains.

Outlook and guidance

• FY March 2026 forecast: net sales of ¥1,080.0 billion, operating income of ¥27.0 billion (down 11.1% due to ¥5 billion corporate transformation expense).

• Profit attributable to owners of parent is expected to decline 24.8% to ¥17.5 billion.

• Excluding transformation costs, operating income is expected to increase.

• Mid-term plan targets operating income of ¥40.0 billion and net sales of ¥1,150.0 billion by FY March 2028.

• Annual dividend per share is forecast to remain at ¥110.00.