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28112026 Q2 / First HalfPrimeIFRS

KAGOME (2811) FY2026 Q2 Earnings Report

For FY2026 Q2, revenue came to ¥143.8B (+3.7% year on year) and operating income ¥9.1B (-14.5%). The segment drivers and cash flow follow.

KAGOME CO.,LTD.

Foods/Foods


Financial Highlights

  • Net Sales: ¥143.78B
  • Operating Income: ¥9.09B
  • Net Income: ¥5.93B
  • EPS: ¥51.74

Income Statement

ItemCurrentPriorYoY %
Net Sales¥143.78B¥138.68B+3.7%
Cost of Sales¥96.84B¥92.91B+4.2%
Gross Profit¥46.95B¥45.77B+2.6%
SG&A Expenses¥38.51B¥35.41B+8.8%
Operating Income¥9.09B¥10.63B−14.5%
Equity Method Investment Income−¥19M¥39M−148.7%
Profit Before Tax¥8.25B¥9.98B−17.4%
Income Tax Expense¥2.32B¥2.84B−18.3%
Net Income¥5.93B¥7.14B−17.0%
Net Income Attributable to Owners¥4.68B¥6.18B−24.2%
Total Comprehensive Income¥11.48B−¥1.74B+761.7%
Basic EPS¥51.74¥66.81−22.6%
Diluted EPS¥51.68¥66.73−22.6%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥193.17B¥216.78B−¥23.61B
Accounts Receivable¥59.00B¥60.56B−¥1.56B
Inventories¥108.81B¥119.44B−¥10.63B
Non-current Assets¥163.78B¥159.04B+¥4.74B
Property, Plant & Equipment¥87.55B¥85.30B+¥2.26B
Intangible Assets¥27.00B¥25.10B+¥1.90B
Goodwill¥14.56B¥11.38B+¥3.18B
Total Assets¥356.95B¥375.82B−¥18.87B
Accounts Payable¥39.33B¥42.50B−¥3.17B
Short-term Loans¥46.78B¥58.93B−¥12.15B
Non-current Liabilities¥41.16B¥44.71B−¥3.54B
Long-term Loans¥20.63B¥23.57B−¥2.94B
Total Liabilities¥139.34B¥160.93B−¥21.59B
Total Equity¥217.61B¥214.89B+¥2.72B
Capital Stock¥19.98B¥19.98B¥0
Capital Surplus¥22.12B¥21.76B+¥358M
Retained Earnings¥123.67B¥123.01B+¥667M
Treasury Stock−¥2.01B−¥787M−¥1.22B
Shareholders' Equity¥192.95B¥190.56B+¥2.39B
Equity Ratio54.1%50.7%+3.4%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥21.80B¥24.44B−¥2.64B
Investing Cash Flow−¥9.09B−¥5.53B−¥3.56B
Financing Cash Flow−¥25.29B−¥20.89B−¥4.40B
Cash and Cash Equivalents¥14.53B¥26.84B−¥12.31B
Free Cash Flow¥12.71B--

Profitability Ratios

ItemValue
Net Profit Margin3.3%
Gross Profit Margin32.7%
Debt-to-Equity Ratio0.64x
Effective Tax Rate28.1%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+3.7%
Operating Income YoY Change−14.5%
Profit Before Tax YoY Change−17.3%
Net Income YoY Change−17.0%
Net Income Attributable to Owners YoY Change−24.2%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)91.13M shares
Treasury Stock692K shares
Average Shares Outstanding90.53M shares
Book Value Per Share¥2,406.15

Segment Information

SegmentRevenueOperating Income
DomesticProcessedFood¥73.08B¥5.02B
OtherDomestic¥11.76B¥67M
Overseas¥58.95B¥5.19B

Full Year Forecast

ItemForecast
Net Sales Forecast¥310.00B
Operating Income Forecast¥19.50B
Net Income Attributable to Owners Forecast¥10.50B
Basic EPS Forecast¥116.04
Dividend Per Share Forecast¥58.00