ITOHAM YONEKYU HOLDINGS INC. [2296.T]
TOKYO, May 01 (Pulse News Wire) – ITOHAM YONEKYU HOLDINGS INC. (2296.T) reported record operating profit of ¥1 trillion for the fiscal year ended March 2026, surpassing its mid-term targets by one year.
However, the company forecasts a decline in revenue and profits for the next fiscal year due to rising costs and sluggish demand. For the fiscal year just concluded, the company achieved a ¥1 trillion revenue and ¥300 million operating profit, marking a significant improvement compared to previous projections. Despite challenges in the processed food segment, which saw reduced sales volume and profitability, the meat division's strong performance contributed to overall growth.
Looking ahead, ITOHAM YONEKYU anticipates a challenging environment with projected revenues of ¥996 billion and operating profit of ¥28 billion for the fiscal year ending March 2027. The processed foods sector plans to mitigate cost pressures through price adjustments and product innovation, while the meat division faces potential declines due to changes in ANZCO operations and fluctuating import chicken prices. In addition, the company announced a dividend increase of ¥10 per share, bringing the total dividend payout to ¥270 per share, reflecting a commitment to shareholder returns despite anticipated lower earnings.
The company’s robust financial position allows it to continue investing in growth initiatives aimed at achieving its long-term goals, including a targeted ¥28 billion operating profit by 2035.
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