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KAGOME, Net Income Forecast for the Fiscal Year Revised Downward by 7%

Wed Oct 29, 2025 3:40 pm JST Earnings

2811 KAGOME CO.,LTD. 【IFRS】

Earnings Report

KAGOME CO.,LTD. <2811> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 29th (15:40). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) significantly dropped 52.6% from the same period last year to 10.6 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 7.1%, from the previous forecast of 14.0 billion yen to 13.0 billion yen (compared to 25.0 billion yen in the previous period), leading to an increase in the profit decline rate from 44.0% to 48.0%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has decreased 12.8%, from the previous forecast of 7.81 billion yen to 6.81 billion yen (compared to 7.86 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 0.6% to 13.3%.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 4.50 billion yen, a 16.6% decrease compared to the same period last year. The operating profit margin decreased from 10.2% in the same period last year to 9.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 164,867 15,576 15,053 9,526 110.7 91.3 Oct 27, 2023 IFRS
Jan - Sep, 2024 226,380 32,690 31,675 22,542 254.6 94.1 Oct 30, 2024 IFRS
Jan - Sep, 2025 216,309 17,642 16,581 10,681 116.2 ー Oct 29, 2025 IFRS
YoY -4.4% -46.0% -47.7% -52.6% -54.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 161,319 13,437 ー 7,819 86.1 48 Jul 31, 2025 IFRS
Jul - Dec, 2025 New 151,319 10,437 ー 6,819 75.1 48 Oct 29, 2025 IFRS
Revision Rate -6.2% -22.3% － -12.8% -12.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 300,000 24,000 ー 14,000 154.1 48 Feb 3, 2025 IFRS
Dec, 2025 New 290,000 21,000 ー 13,000 143.1 48 Oct 29, 2025 IFRS
Revision Rate -3.3% -12.5% － -7.1% -7.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 158,627 11,537 9,923 7,869 87.6 57 Feb 3, 2025 IFRS
Jul - Dec, 2025 Guidance 151,319 10,437 ー 6,819 75.1 48 Oct 29, 2025 IFRS
YoY -4.6% -9.5% － -13.3% -14.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 224,730 17,472 16,489 10,432 121.2 41 Feb 1, 2024 IFRS
Dec, 2024 306,869 36,221 33,665 25,015 278.5 57 Feb 3, 2025 IFRS
Dec, 2025 Guidance 290,000 21,000 ー 13,000 143.1 48 Oct 29, 2025 IFRS
YoY -5.5% -42.0% － -48.0% -48.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 78,138 8,006 7,933 5,396 61.0 10.2 Oct 30, 2024 IFRS
Oct - Dec, 2024 80,489 3,531 1,990 2,473 27.5 4.4 Feb 3, 2025 IFRS
Jan - Mar, 2025 67,167 4,743 4,275 2,813 30.2 7.1 Apr 30, 2025 IFRS
Apr - Jun, 2025 71,514 5,820 5,706 3,368 36.4 8.1 Jul 31, 2025 IFRS
Jul - Sep, 2025 77,628 7,079 6,600 4,500 48.9 9.1 Oct 29, 2025 IFRS
YoY -0.7% -11.6% -16.8% -16.6% -19.7%

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