ITO EN plunges for first time in 5 days, hitting new year-to-date low on 8% operating profit decline forecast amid soaring green tea material costs

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Tue Jun 2, 2026 9:29 am JST Catalyst

Shares of ITO EN, LTD. <2593> plummeted on Tuesday to hit a fresh year-to-date low, snapping a four-day winning streak. The sell-off was triggered by the company's full-year guidance announced after the close on Monday, June 1, which projected an operating profit decline alongside consolidated results for the fiscal year ended April 2026. For the fiscal year ending April 2027, ITO EN forecasts sales of 500.0 billion yen (up 0.4% year-on-year), operating profit of 20.0 billion yen (down 7.8%), and net profit of 11.43 billion yen (up 3.3-fold). The outlook is weighed down by soaring costs for green tea raw materials and packaging supplies. The company planned an annual dividend of 52 yen per share (26 yen each for interim and year-end payouts), up from 48 yen the previous year.

For the fiscal year ended April 2026, ITO EN reported sales of 497.88 billion yen (up 5.3% year-on-year), operating profit of 21.68 billion yen (down 5.6%), and net profit of 3.47 billion yen (down 75.5%). The sharp drop in net profit stemmed from impairment losses in its vending machine business, dragged down by shrinking sales volumes and eroding profitability.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.