Fuji Oil Holdings (2607) Q1 2026 earnings summary

Executive summary

• Net sales rose to ¥181.8 billion in Q1 FY2025, up 19.3% year-over-year, driven by higher sales prices reflecting increased raw material costs, especially palm oil and cocoa beans.

• Business profit declined 32.1% year-over-year to ¥5.7 billion, mainly due to non-recurring Cocoa Special Factors and higher cocoa procurement costs at Blommer.

• Profit attributable to owners of parent decreased 38.2% year-over-year to ¥3.2 billion, impacted by impairment losses and increased interest expenses.

• IFRS was adopted from FY2025 Q1, with prior year figures restated for comparability.

Financial highlights

• Substantive business profit (excluding Cocoa Special Factors) increased by ¥3.6 billion to ¥9.7 billion year-over-year.

• Business profit margin declined to 3.1% from 5.5% year-over-year.

• Basic earnings per share was ¥37.78, down from ¥61.18 in the prior year.

• Total assets increased to ¥607,969 million as of June 30, 2025, up ¥10,892 million from March 31, 2025.

• Equity attributable to owners of parent decreased to ¥205,986 million, with the equity ratio falling to 33.9%.

Outlook and guidance

• Full-year forecast remains unchanged: net sales expected at ¥800.0 billion, business profit at ¥29.5 billion, and profit attributable to owners of parent at ¥16.5 billion.

• Anticipates continued strong sales of vegetable fats for chocolate (CBE) and improvement in Cocoa Special Factors at Blommer from the second half.

• Annual dividend forecast maintained at ¥52.00 per share.

• Risks include raw material price trends and U.S. chocolate market demand.