TOKYO, May 14 (Pulse News Wire) – Ishii Food CO.,LTD. (2894.T) revised its fiscal year 2026 earnings forecast downward due to higher-than-expected costs.
Previously, the company had raised its outlook on November 13, 2025, but now reports lower sales and profits compared to earlier projections. For the fiscal year ending March 31, 2026, Ishii Food's latest figures show revenue of ¥10.87 billion, operating profit of ¥15 million, ordinary profit of ¥22 million, and net income attributable to shareholders of ¥(74 million). This represents a significant decline from the previous forecast of ¥11.20 billion in revenue, -¥258 million in operating profit, -¥283 million in ordinary profit, and ¥(44.47 million) in net income.
The company attributes the shortfall primarily to unexpected expenses related to factory renovations aimed at improving safety and labor conditions. Additionally, increased marketing incentives to secure future sales contributed to the reduced profitability. Despite efforts to optimize production plans and enhance productivity, which initially led to improved efficiency and cost savings, unforeseen maintenance costs and changes in asset removal liabilities impacted the final results.
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