Kagome Co., Ltd. · TSE:2811
Kagome — FY2025/1H Earnings Presentation
27 slides from Kagome's earnings presentation, 2025
Slide 1: Briefing Materials for FY2025/1H Financial Results
Briefing Materials for FY2025/1H Financial Results Kagome Co., Ltd. Securities Code: 2811 Figures in these materials ・ Amounts are rounded down to the nearest 0.1 billion yen. ・ Percentages are rounded to one decimal place. 1 ©2025 Kagome Co., Ltd
Slide 2: Topics
Topics 1. Summary of Financial Results for FY2025/1H 2. FY2025 Earnings Forecast and FY2025/2H Strategies 3. Reference ©2025 Kagome Co., Ltd 2
Slide 3: 1. Summary of Financial Results for FY2025/1H
1. Summary of Financial Results for FY2025/1H ©2025 Kagome Co., Ltd 3
Slide 4: FY2025/1H Consolidated Results
FY2025/1H Consolidated Results • Revenue: Revenue of the International Business declined due to the downturn in tomato paste prices • Core operating income: Core operating income fell due to rising raw materials prices and lower sales internationally FY2025/1H Result YoY FY2024/1H Unit: billion yen
Slide 5: FY2025/1H Results by Segment
FY2025/1H Results by Segment • Domestic Processed Food Business: Total revenue increased, but core operating income declined due to rising raw materials prices and advertising expenses • International Business: The downturn in tomato paste market conditions and other factors led to a decline in reve
Slide 6: FY2025/1H Domestic Processed Food Business
FY2025/1H Domestic Processed Food Business • Tomato juice sales remain strong, and tomato ketchup demand grew, leading to higher revenue • Core operating income declined due to rising raw materials prices and strategic investments in advertising Revenue Unit: billion yen Core operating income Unit:
Slide 7: FY2025/1H International Business
FY2025/1H International Business • Lowered selling prices due to the downturn in the tomato paste market, resulting in lower revenues and core operating income • In addition to weaker revenues, one-off expenses due to inventory write-downs, etc., resulted in lower core operating income Revenue Unit:
Slide 8: FY2025/1H Factors Contributing to Core Operating Income Changes
FY2025/1H Factors Contributing to Core Operating Income Changes • Changes in core operating income are detailed in the figure below: Unit: billion yen 2024 results 15.4 Increase in core operating income on higher sales +0.1 Domestic Processed Food Change in cost (1) -2.0 Cost reduction, etc. +0.6 Bu
Slide 9: FY2025/1H Factors Contributing to Core Operating Income Changes in the International Business
FY2025/1H Factors Contributing to Core Operating Income Changes in the International Business • Changes in core operating income are detailed in the figure below: Unit: billion yen 2024 results 7.9 Price revisions -3.7 other primary ＋5.1 Tomato and -1.2 (1)-0.6 processing Weaker sales volumes Impact
Slide 10: FY2025/1H Factors Behind Changes in Net Income
FY2025/1H Factors Behind Changes in Net Income • Operating income: Decreased due to the recoil from recording of a 9.3 billion yen gain as a result of remeasurement of the 20% equity stake held in Ingomar before it became a consolidated subsidiary in the previous fiscal year. FY2025/1H Result FY2024
Slide 11: FY2025/1H Changes to Statement of Financial Position
FY2025/1H Changes to Statement of Financial Position • Details of the Statement of Financial Position are presented below: Consolidated Statement of Financial Position (As of June 30, 2025) Unit: billion yen Details of Changes from the Previous Fiscal Year End (including forex effects) (Unit: billio
Slide 12: FY2025/1H Changes in Cash Flows
FY2025/1H Changes in Cash Flows • Free cash flows: Increased due to the recoil of investment cash flow from the acquisition of Ingomar in the previous fiscal year • Cash flows from financing activities: Decreased due to repayments of long-term borrowings and purchase of treasury shares, etc. FY2025/
Slide 13: 2. FY2025 Earnings Forecast and FY2025/2H Strategies
2. FY2025 Earnings Forecast and FY2025/2H Strategies ©2025 Kagome Co., Ltd 13
Slide 14: FY2025 Earnings Forecast
FY2025 Earnings Forecast • Full-year forecasts for revenue and core operating income remain unchanged from the initial forecast 2025 earnings forecast (A) 1H results (B) 2H deduction (A) - (B) Unit: billion yen Progress Remaining YoY YoY YoY vs. forecast progress Domestic Processed Food Revenue Busi
Slide 15: 2H Strategies
2H Strategies • There are no changes to the basic policy or strategies to be taken since the beginning of 2025 Basic Policy 2H Strategies Create demand using continuous promotions, (1) etc. Domestic Restore profits Processed Tackle the challenge of new domains, such Food Continue taking (2) as soups
Slide 16: FY2025/2H Domestic Processed Food Business (Beverages)
FY2025/2H Domestic Processed Food Business (Beverages) • Work to create demand through ongoing promotions, etc. • Step up efforts to appeal value of vegetable drink ahead of the peak of beverage demand in 2H Beverages (excluding lactic acid drinks): Accelerate demand recovery through new products, R
Slide 17: FY2025/2H Domestic Processed Food Business (Beverages)
FY2025/2H Domestic Processed Food Business (Beverages) • Focus on sustained demand growth and recovery for Kagome Tomato Juice and Yasai Seikatsu 100 • Continue to gain trials for Almond Breeze aimed at market establishment Kagome Tomato Juice: growing demand Almond Breeze: creating demand ■Promotin
Slide 18: FY2025/2H Domestic Processed Food Business (Food-Other)
FY2025/2H Domestic Processed Food Business (Food-Other) • Increase demand for tomato ketchup by proposing tomato-inspired menu ideas • For institutional and industrial use, expand sales of products that meet customer needs amid labor shortages Tomato ketchup: expanding its use in cooking Soups: crea
Slide 19: FY2025/2H International Business (Tomato and other Primary Processing)
FY2025/2H International Business (Tomato and other Primary Processing) • Production volume of processing tomatoes in the 2025 crop is expected to decrease significantly from 2024 • Steadily proceeding with efforts to strengthen competitiveness Global processing tomato production volume Ingomar: Bega
Slide 20: FY2025/2H International Business (Tomato and Other Secondary Processing)
FY2025/2H International Business (Tomato and Other Secondary Processing) • Grow sales volume through global and local food services • Leverage menu development capabilities to propose menu ideas other than tomato-based sauces New solution-driven proposals Kagome Group collaboration ■Strengthen custo
Slide 21: Thank you for your attention.
Thank you for your attention. ©2025 Kagome Co., Ltd 21
Slide 22: 3. Reference
3. Reference ©2025 Kagome Co., Ltd. 22
Slide 23: Topics in Domestic Processed Food Business — Beverages
Topics in Domestic Processed Food Business — Beverages • Tomato juice sales continue to perform well thanks to new users and heavy users Beverage (excl. Lactic Acid Bacteria Beverages) Sales YoY by Sales Channel/Container Size Sales by sales channel and container size Sales channel 1Q 2Q Total YTD ・
Slide 24: Topics in Domestic Processed Food Business — Food and Others
Topics in Domestic Processed Food Business — Food and Others • Sales of tomato ketchup continue to perform well thanks to increased sales promotion and dissemination of information on menu ideas such as Napolitan Stadium and baked ketchup Consumer use foods Revenue: 10.1 billion yen (+2% YoY） ・Tomat
Slide 25: Topics in International Business
Topics in International Business • Our subsidiaries saw a downturn in revenue amid the drop in tomato paste *Effects of marking-to-market inventories, etc.: Effect on profits from marking-to-market inventories and fixed assets (tangible market conditions and intangible) following the application of
Slide 26: Sustainability & Topics
Sustainability ＆ Topics • First time to be selected as the highest-ranked A List Company in CDP's Climate Change Survey • Kagome and Kewpie Corporation began joint research into biocharring unused vegetable resources Kagome and Kewpie Corporation launched First time selected for the highest ranked A
Slide 27: Cautionary Statement
Cautionary Statement This presentation material contains Kagome's current plans, forecasts, strategies, etc. that are not necessarily based on historical facts and instead based on the judgment of Kagome's management team obtained from currently available information. Therefore, please refrain from