Yoshimura Food Holdings K.K. [2884.T]
TOKYO, Apr 15 (Pulse News Wire) – Yoshimura Food Holdings K.K. (2884.T) reported lower revenue and profits for the fiscal year ended February 2026.
Revenue decreased slightly to ¥574.8 billion compared to ¥581.1 billion in the previous year due to reduced sales volumes in its domestic scallop-related business despite growth in non-scallop related domestic and overseas businesses. Operating profit fell sharply to ¥15.7 billion from ¥41.6 billion last year, primarily due to higher raw material costs and inventory valuation adjustments. The company's scallop business experienced significant headwinds, with reduced harvest volumes leading to increased procurement prices and manufacturing costs. Additionally, conservative inventory evaluations further impacted profitability.
Overseas operations also saw declines, particularly in Singapore, where food service and hotel sales remained sluggish. Looking ahead, Yoshimura expects modest improvements in its non-scallop domestic business and overseas segments, but maintains a cautious outlook for the scallop sector amid uncertain market conditions. For fiscal year 2027/2, the company forecasts revenues around ¥574.8 billion, with operating profit expected to recover to ¥2 billion. In addition to operational challenges, the company highlighted ongoing efforts to support and integrate smaller food enterprises through its organic growth strategy, aiming to enhance overall group performance and sustainability.
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