FUKUTOME MEAT PACKERS,LTD. [2291.T]
TOKYO, May 14 (Pulse News Wire) – Fukutome Meat Packers,ltd. (2291.T) reported a revenue discrepancy for its fiscal year ending March 31, 2026.
The company's annual individual performance figures showed a decline compared to the previous fiscal year, which ran from April 1, 2025, to March 31, 2026. For the fiscal year ended March 31, 2026, the company’s per-share revenue was lower than the previous year. Specifically, the revenue decreased by 3.5%, while operating profit, ordinary profit, and net income also saw declines.
The reasons for the discrepancies included increased costs due to higher raw material prices and various expenses in the processed food sector. Additionally, domestic beef procurement challenges led to reduced sales in the meat business. Despite efforts to pass on cost increases to customers through appropriate pricing, sales volume and revenue declined, resulting in lower profits across both sectors.
However, net income exceeded the previous year's results due to significant non-recurring items such as a ¥2 billion-yen benefit from executive retirement allowances, a ¥4 billion-yen gain from fixed asset sales, and a ¥4 billion-yen profit from selling investment securities.
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