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SATO FOODS, May-Jan (Cumulative 3Q) Ordinary Profit Increases by 86%, Exceeds Full-Year Plan, Current Fiscal Year Dividend Revised Upward by 5 Yen

Tue Mar 10, 2026 3:30 pm JST Earnings

2923 SATO FOODS CO., LTD. 【J-GAAP】

Earnings Report

SATO FOODS CO., LTD. <2923> [TSE Std] announced its financial results after the market closed on March 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending April 2026 (May 2025 to January 2026) expanded 5.20 billion yen, an increase 85.8% compared to the same period last year. Progress toward the full-year plan of 3.00 billion yen is 173.6%, already exceeding the target and also exceeding the five-year average of 104.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the February to April period (4Q) is expected to turn into a loss of 2.20 billion yen (compared to a profit of 0.14 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 70 yen to 75 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from November to January (3Q), the consolidated ordinary profit increased 73.4% from the same period last year, reaching 3.00 billion yen. The operating profit margin drastically improved from 9.3% in the same period last year to 14.9%.

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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
May - Jan, 2023 33,840 3,232 3,527 2,444 484.7 117.2 Mar 14, 2024 J-GAAP
May - Jan, 2024 36,297 2,498 2,803 1,901 377.1 95.2 Mar 7, 2025 J-GAAP
May - Jan, 2025 40,445 4,991 5,209 3,968 786.7 173.6 Mar 10, 2026 J-GAAP
YoY +11.4% +99.8% +85.8% +108.7% +108.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2025 Prev 29,520 679 791 386 76.5 70 Dec 10, 2025 J-GAAP
Nov - Apr, 2025 New 29,520 679 791 386 76.5 75 Mar 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2026 Prev 50,000 2,700 3,000 2,300 456.0 70 Dec 10, 2025 J-GAAP
Apr, 2026 New 50,000 2,700 3,000 2,300 456.0 75 Mar 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 27,832 1,835 1,871 1,218 241.6 70 Jun 11, 2025 J-GAAP
Nov - Apr, 2025 Guidance 29,520 679 791 386 76.5 75 Mar 10, 2026 J-GAAP
YoY +6.1% -63.0% -57.7% -68.3% -68.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2024 42,581 2,656 3,009 2,295 455.2 60 Jun 13, 2024 J-GAAP
Apr, 2025 46,479 2,697 2,944 1,949 386.5 70 Jun 11, 2025 J-GAAP
Apr, 2026 Guidance 50,000 2,700 3,000 2,300 456.0 75 Mar 10, 2026 J-GAAP
YoY +7.6% +0.1% +1.9% +18.0% +18.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 17,650 1,636 1,730 1,170 232.1 9.3 Mar 7, 2025 J-GAAP
Feb - Apr, 2025 10,182 199 141 48 9.5 2.0 Jun 11, 2025 J-GAAP
May - Jul, 2025 8,941 864 974 1,067 211.7 9.7 Sep 10, 2025 J-GAAP
Aug - Oct, 2025 11,539 1,157 1,235 847 168.0 10.0 Dec 10, 2025 J-GAAP
Nov - Jan, 2025 19,965 2,970 3,000 2,054 407.3 14.9 Mar 10, 2026 J-GAAP
YoY +13.1% +81.5% +73.4% +75.6% +75.5%

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