Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — H1 2025 Earnings Presentation
27 slides from Sti Foods's earnings presentation, Aug 7, 2025
Slide 1: FY2025 1H Presentation Materials (Jan. to Jun. 2025)
FY2025 1H Presentation Materials (Jan. to Jun. 2025) (TSE Code: 2932) IR e-mail distribution registration (Japanese only) https://www.magicalir.net/2932/mail/index.php Aug. 7, 2025
Slide 2: Review of FY2025 1H (Jan. to Jun.)
Review of FY2025 1H （Jan. to Jun.） 1
Slide 3: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results Profit attributable to 1H：Jan. to Jun. Net sales Ordinary profit owners of parent 1H FY2025 18,395 JPY mn 1,416 JPY mn 1,502 JPY mn 1H FY2024 16,694 JPY mn 1,495 JPY mn 1,010 JPY mn 1H FY2023 14,835 JPY mn 1,074 JPY mn 687 JPY mn (Unit: JPY mn) Trends in sem
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income 1H FY2024 1H FY2025 (Unit: JPY mn) (Jan. to Jun. 2024) (Jan. to Jun. 2025) Results vs. Net sales Results vs. Net sales YoY Change Net sales 16,694 - 18,395 - 110.2% 1,701 Cost of sales 11,810 70.7% 13,258 72.1% 112.3% 1,448 Gross profit 4,884 29.3% 5,137 27.9% 105.2%
Slide 5: Performance by Segment
Performance by Segment 1H FY2024 1H FY2025 (Unit: JPY mn) (Jan. to Jun. 2024) (Jan. to Jun. 2024) vs. Net vs. Net Results Results YoY Change sales sales Net sales 16,694 - 18,395 - 110.2% 1,701 Food manufacturing and 16,694 - 17,645 - 105.7% 951 sales business Retail business - - 750 - - 750 Ordinar
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet (Unit: JPY mn) As of Dec. As of Jun. Ratio of Change 31, 2024 30, 2025 increase/decrease Current assets 11,064 9,816 88.7% (1,248) Of which, cash and deposits 4,226 2,832 67.0% (1,394) Non-current assets 8,219 11,229 136.6% 3,010 Of which, property, plant and equipment 7,6
Slide 7: Analysis of Changes in Ordinary Profit
Analysis of Changes in Ordinary Profit Sales decrease due to lack of enhancement of basic products, customer needs at the time of changes in product planning, and understanding of raw materials (Unit: JPY mn) Increase in raw 1,495 material costs Decline of 152 1,416 production Decrease in efficien
Slide 8: Profit Decrease Factors and Countermeasures for the 1H of FY2025
Profit Decrease Factors and Countermeasures for the 1H of FY2025 Mismanagement of rising raw material costs 7
Slide 9: Profit Decrease Factors and Countermeasures for the 1H of FY2025
Profit Decrease Factors and Countermeasures for the 1H of FY2025 Mismanagement of rising raw material costs Lack of customer needs at the time of changes in product planning and understanding of raw materials ✓Mismatch between product standards and procured raw materials size ⇒ Review of purchasin
Slide 10: Priority Measures
Priority Measures BN STI Foods Holdings
Slide 11: Qualitative Priority Measures
Qualitative Priority Measures ■ Further enhancement of integrated production Commitment from raw material manufacturing, not from discernment in raw materials procurement Product development Enhance manufacturing Intellectual property rights matching the grade of capabilities for new technologies ea
Slide 12: Fundamental Review of Product Development / Maximizing Group synergies
Fundamental Review of Product Development Consolidating previously spread out development bases at plants to the headquarters (Minami-Aoyama) Strengthening of gathering insights and controlling over product development Consolidating spread out know-how (improving organizational strength) Thoro
Slide 13: Revision of Earnings Forecast
Revision of Earnings Forecast 12
Slide 14: Revision of Full-year Earnings Forecast for FY2025
Revision of Full-year Earnings Forecast for FY2025 Increase in profit due to the gain of extraordinary income resulting from real estate fair market valuation FY2025 initial forecast FY2025 revised forecast (Unit: JPY mn) Earnings Earnings vs. Net sales vs. Net sales Revised ratio forecast forecas
Slide 15: Trends in Results So Far and Future Growth Prospects
Trends in Results So Far and Future Growth Prospects Net sales CAGR of 11.7% and profit CAGR of 31.9% are expected since listing In the current fiscal year, restructuring toward growth in the next fiscal year and beyond, aiming for profit growth in the FY2026 and beyond (Unit: JPY mn) Apr. 2025
Slide 16: Shareholder Return Policy
Shareholder Return Policy 15
Slide 17: Shareholder Return Policy
Shareholder Return Policy Annual dividend for the FY2025 is expected to be the same amount as the previous year [Trends in FY2023 FY2024 FY2025 dividends] 30 JPY 40 JPY 40 JPY Annual dividend (Common dividend (Interim dividends (Interim dividends of 23.3 JPY) of 13.3 JPY) of 20 JPY) per share (Com
Slide 18: APPENDIX
APPENDIX BN STI Foods Holdings 17
Slide 19: Company Profile / Business Description
Company Profile / Business Description Company profile Name of company STI Foods Holdings, Inc. Establishment Nov. 2017 (founded in Dec. 1988) 1-15-14, Minami Aoyama, Minato-ku, Headquarters Number of employees 276 (1,039 other temporary employees) Tokyo *As of the end of Dec. 2024, the number of te
Slide 20: Group and Production Bases
Group and Production Bases The Group is formed of STI Foods Holdings, nine consolidated subsidiaries, and two overseas subsidiaries. Each plant has its own specialties and products, and by combining them, the manufacturing system can handle any of the three temperature ranges (chilled, room temp
Slide 21: Creation of Production Processes and Technologies Through Group Synergies
Creation of Production Processes and Technologies Through Group Synergies Achieving both good taste and economic rationality ■ No compromise on quality of raw materials STI Foods (Funabashi) (No specification downgrades) STI Enak ■ Optimization of production through multiple sites STI Delica (Fukuok
Slide 22: Strengths of the Business: Manufacturing Technologies and Patents
Strengths of the Business: Manufacturing Technologies and Patents Researching and developing new manufacturing methods and unique marine food products that do not exist in the world using technologies with high barriers to entry Taking on the challenge of new production methods and technologies at a
Slide 23: Strengths of the Business: Improvement of Taste Quality through Integrated Production
Strengths of the Business: Improvement of Taste Quality through Integrated Production Thorough temperature control and reduction in the number of thawing cycles in the integrated production (cooking) process to improve the quality of taste Manufacturing process for grilled fish prepared foods Pu
Slide 24: Strengths of the Business: Balancing Food Loss and Cost Reduction
Strengths of the Business: Balancing Food Loss and Cost Reduction Reduce raw material costs by thoroughly addressing food loss with a product portfolio that uses up all ingredients Integrated production system that achieves both deliciousness and reduced raw material costs Procurement Integrated m
Slide 25: SDGs Initiatives
SDGs Initiatives We will reduce the burden on the environment and society in all parts of the value chain, from procurement, processing, distribution, consumption, and disposal, and work to solve social issues through business. Social issues Initiatives Targets Procurement of sustainable raw Respons
Slide 26: SDGs Initiatives: Formulation of Group Human Rights Policy
SDGs Initiatives: Formulation of Group Human Rights Policy STI Foods Holdings Group understands and supports the minimum principles and standards that should be adhered to as outlined in the United Nations International Bill of Human Rights and the ILO’s Declaration on Fundamental Principles and Rig
Slide 27: [Precaution]
[Precaution] The forward-looking statements contained in this document are based on management’s assumptions and beliefs in light of the information currently available, and are subject to change due to macroeconomic conditions and industry trends. Accordingly, please be aware that there are risks a