Yoshimura Food Holdings K.K. [2884.T]
TOKYO, Apr 15 (Pulse News Wire) – Yoshimura Food Holdings K.K. (2884.T) announced today that its fiscal year 2026 earnings outlook has been revised downward compared to the figures released on January 14, 2026.
For the period ending February 28, 2026, the company now expects a net income per share of ¥57.48 billion, down from the previously projected ¥56.40 billion. Revenue is also expected to fall from ¥2.800 billion to __NUM_5__ million yen. Operating profit and ordinary profit are anticipated to drop to ¥1.568 billion and ¥1.692 billion respectively, compared to earlier forecasts of __NUM_2__ million yen and ¥2.800 billion. The primary reason for the reduced expectations is attributed to decreased sales prices for scallop products, particularly in overseas markets.
Despite increased global demand leading to higher selling prices, production costs rose due to declining catch volumes and rising procurement expenses. Additionally, domestic sales of boiled scallops faced challenges due to falling market prices, necessitating conservative inventory valuation adjustments. In the overseas sector, while there are signs of recovery, economic slowdowns in Singapore and weakened dining demand have hindered profitability improvements beyond initial projections. However, domestic operations unrelated to scallop businesses remain stable, maintaining solid performance overall despite challenging conditions.
Details of the revised forecast can be found in the company's latest quarterly report and medium-term business plan published.
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