S Foods (2292) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended May 31, 2025, rose 3.9% year-over-year to ¥113,841 million, with operating profit up 43.3% to ¥1,822 million and ordinary profit up 14.0% to ¥1,917 million.

• Profit attributable to owners of parent surged 209.4% year-over-year to ¥2,077 million, with basic EPS at ¥65.64.

• Comprehensive income for the quarter was ¥2,028 million, down from ¥4,053 million in the prior year period.

Financial highlights

• Gross profit increased to ¥12,334 million from ¥11,344 million year-over-year, while selling, general and administrative expenses rose to ¥10,511 million.

• Extraordinary income of ¥1,436 million was recorded, mainly from a gain on sale of investment securities.

• Total assets grew to ¥246,779 million as of May 31, 2025, up from ¥230,595 million at the previous fiscal year-end.

• Capital adequacy ratio declined to 49.5% from 52.8% as of February 28, 2025.

Outlook and guidance

• Full-year net sales forecast is ¥475,000 million, up 6.9% year-over-year, with operating profit projected at ¥8,500 million (+33.0%) and profit attributable to owners of parent at ¥4,500 million (+68.7%).

• Basic earnings per share for the full year is forecast at ¥142.18.

• Annual dividend forecast is ¥104.00 per share, up from ¥89.00 in the previous year.