NH Foods (2282) Q4 2026 earnings summary

Executive summary

• Achieved record-high net sales of ¥1,457.4 billion and business profit of ¥68.3 billion, up 6.3% and 60.7% year-over-year, driven by Fresh Meats and Ballpark segments, with profit attributable to owners rising 31.9% to ¥35.1 billion.

• Comprehensive income nearly doubled to ¥58.6 billion, reflecting strong operational and financial performance.

• ROE improved by 1.5% to 6.6% due to profitability and capital efficiency initiatives.

Financial highlights

• Net sales increased by ¥86.8 billion year-over-year to ¥1,457.4 billion; business profit margin rose from 3.1% to 4.7%.

• Profit before tax grew 46.6% to ¥54.5 billion; EPS up ¥98.08 to ¥361.13.

• Gross profit margin improved to 17.2%; operating profit up 60.3% year-over-year.

• Cash flows from operating activities: ¥82.3 billion; investing activities: ¥34.0 billion outflow; financing activities: ¥56.0 billion outflow.

• Cash and cash equivalents at year-end: ¥68.7 billion.

Outlook and guidance

• FY2027/3 net sales projected at ¥1,500.0 billion (+2.9% YoY); business profit expected to decline 10.7% to ¥61.0 billion.

• Profit attributable to owners forecast to rise 8.4% to ¥38.0 billion as extraordinary losses subside.

• ROE targeted at 7.2%; EPS forecast at ¥403.68.

• Dividend forecast for FY2027: ¥180 per share, up from ¥160.

• Cost increases of approx. ¥5.0 billion expected due to Middle East conflict; higher procurement costs for Australian beef anticipated.