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S Foods, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%

Wed Jan 14, 2026 3:30 pm JST Earnings

2292 S Foods Inc. 【J-GAAP】

Earnings Report

S Foods Inc. <2292> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) expanded 7.66 billion yen, an increase 80.9% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 17.6%, from the previous forecast of 8.50 billion yen to 10.0 billion yen (compared to 6.38 billion yen in the previous period), increasing the growth rate from 33.1% to 56.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (second half) is expected to increase 33.6%, from the previous forecast of 4.45 billion yen to 5.95 billion yen (compared to 2.91 billion yen in the same period of the previous year), increasing the growth rate from 52.8% to 2.0 times.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit surged 4.7 times that of the same period last year, reaching 3.62 billion yen. The operating profit margin improved from 0.6% in the same period last year to 2.7%.

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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
Mar - Nov, 2023 314,425 10,393 11,960 8,438 266.8 83.1 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 328,067 3,298 4,238 1,476 46.7 66.3 Jan 14, 2025 J-GAAP
Mar - Nov, 2025 346,695 6,783 7,668 6,834 215.8 76.7 Jan 14, 2026 J-GAAP
YoY +5.7% +105.7% +80.9% +363.0% +362.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 245,952 3,902 4,458 350 11.1 52 Oct 14, 2025 J-GAAP
Sep - Feb, 2025 New 238,952 5,202 5,958 3,850 121.6 52 Jan 14, 2026 J-GAAP
Revision Rate -2.8% +33.3% +33.6% +1,000.0% +1,000.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 475,000 7,500 8,500 4,500 142.1 104 Apr 14, 2025 J-GAAP
Feb, 2026 New 468,000 8,800 10,000 8,000 252.6 104 Jan 14, 2026 J-GAAP
Revision Rate -1.5% +17.3% +17.6% +77.8% +77.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 225,646 2,500 2,917 1,452 45.9 45 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 238,952 5,202 5,958 3,850 121.6 52 Jan 14, 2026 J-GAAP
YoY +5.9% +108.1% +104.3% +165.2% +164.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 425,011 12,673 14,390 9,073 286.9 84 Apr 15, 2024 J-GAAP
Feb, 2025 444,546 5,143 6,388 2,667 84.3 89 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 468,000 8,800 10,000 8,000 252.6 104 Jan 14, 2026 J-GAAP
YoY +5.3% +71.1% +56.5% +200.0% +199.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 109,167 655 767 261 8.3 0.6 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 116,479 1,845 2,150 1,191 37.6 1.6 Apr 14, 2025 J-GAAP
Mar - May, 2025 113,841 1,822 1,917 2,077 65.6 1.6 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 115,207 1,776 2,125 2,073 65.5 1.5 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 117,647 3,185 3,626 2,684 84.8 2.7 Jan 14, 2026 J-GAAP
YoY +7.8% +386.3% +372.8% +928.4% +927.5%

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