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29322025 Full YearStandardJGAAP

STI Foods Holdings (2932) FY2025 FY Earnings Report

For FY2025 FY, revenue came to ¥38.6B (+8.5% year on year) and operating income ¥2.6B (-11.7%). The segment drivers and cash flow follow.

STI Foods Holdings,Inc.

Foods/Foods


Financial Highlights

  • Net Sales: ¥38.60B
  • Operating Income: ¥2.56B
  • Net Income: ¥2.49B
  • EPS: ¥139.96

Income Statement

ItemCurrentPriorYoY %
Net Sales¥38.60B¥35.58B+8.5%
Cost of Sales¥28.16B¥25.63B+9.9%
Gross Profit¥10.45B¥9.95B+5.0%
SG&A Expenses¥7.88B¥7.05B+11.8%
Operating Income¥2.56B¥2.90B−11.7%
Non-operating Income¥98M¥70M+40.0%
Non-operating Expenses¥59M¥54M+9.3%
Ordinary Income¥2.60B¥2.92B−10.8%
Profit Before Tax¥3.20B¥2.66B+20.3%
Income Tax Expense¥712M¥974M−26.9%
Net Income¥2.49B¥1.69B+47.7%
Net Income Attributable to Owners¥2.49B¥1.69B+47.7%
Total Comprehensive Income¥2.49B¥1.71B+45.7%
Depreciation & Amortization¥1.05B¥832M+25.8%
Interest Expense¥52M¥26M+100.0%
Basic EPS¥139.96¥94.80+47.6%
Diluted EPS¥136.26¥92.23+47.7%
Dividend Per Share¥40.00¥40.00+0.0%
Total Dividend Paid¥711M¥770M−7.7%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥10.56B¥11.06B−¥505M
Cash and Deposits¥3.51B¥4.23B−¥719M
Accounts Receivable¥4.07B¥3.80B+¥268M
Inventories¥1.11B¥859M+¥248M
Non-current Assets¥11.29B¥8.22B+¥3.07B
Property, Plant & Equipment¥9.69B¥7.65B+¥2.04B
Intangible Assets¥161M¥236M−¥75M
Investment Securities¥189M¥118M+¥71M
Total Assets¥21.85B¥19.28B+¥2.57B
Current Liabilities¥7.09B¥7.56B−¥474M
Accounts Payable¥3.49B¥4.08B−¥585M
Short-term Loans¥170M--
Non-current Liabilities¥4.72B¥3.34B+¥1.38B
Long-term Loans¥1.53B¥922M+¥610M
Total Liabilities¥11.80B¥10.90B+¥905M
Total Equity¥10.05B¥8.38B+¥1.66B
Capital Stock¥1.05B¥1.05B¥0
Capital Surplus¥948M¥948M¥0
Retained Earnings¥7.99B¥6.33B+¥1.66B
Treasury Stock−¥0−¥0¥0
Owners' Equity¥10.05B¥8.38B+¥1.66B
Working Capital¥3.47B--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥2.02B¥3.23B−¥1.21B
Investing Cash Flow−¥1.59B−¥3.49B+¥1.90B
Financing Cash Flow−¥1.14B¥417M−¥1.55B
Free Cash Flow¥427M--

Profitability Ratios

ItemValue
Operating Margin6.6%
ROA (Ordinary Income)12.7%
Payout Ratio28.6%
Dividend on Equity (DOE)7.7%
Book Value Per Share¥565.11
Net Profit Margin6.4%
Gross Profit Margin27.1%
Current Ratio149.0%
Quick Ratio133.4%
Debt-to-Equity Ratio1.17x
Interest Coverage Ratio49.27x
EBITDA Margin9.3%
Effective Tax Rate22.2%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+8.5%
Operating Income YoY Change−11.7%
Ordinary Income YoY Change−10.8%
Profit Before Tax YoY Change+20.3%
Net Income YoY Change+47.7%
Net Income Attributable to Owners YoY Change+47.6%
Total Comprehensive Income YoY Change+45.7%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)17.78M shares
Treasury Stock597 shares
Average Shares Outstanding17.78M shares
Book Value Per Share¥565.07
EBITDA¥3.61B

Dividend Information

ItemAmount
Q2 Dividend¥20.00
Year-End Dividend¥20.00

Segment Information

SegmentRevenueOperating Income
FoodManufacturingAndSales¥36.12B¥3.08B
Retail¥2.48B¥66M

※ セグメント利益の測定基礎: 経常利益

Full Year Forecast

ItemForecast
Net Sales Forecast¥40.00B
Operating Income Forecast¥2.60B
Ordinary Income Forecast¥2.60B
Net Income Attributable to Owners Forecast¥1.70B
Basic EPS Forecast¥95.64
Dividend Per Share Forecast¥40.00