Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — FY2025 Earnings Presentation
27 slides from Sti Foods's earnings presentation, Feb 13, 2026
Slide 1: 12M FY12/2025 Presentation Materials
12M FY12/2025 Presentation Materials (Jan. to Dec. 2025) TSE Code：2932） Feb.13, 2026
Slide 2: STI Foods Holdings
STI Foods Holdings The STI Foods Holdings Group (the “Group”) is a unique manufacturer of fish-based prepared foods that aspires to be an innovative enterprise transforming great seafood into health and happiness for people around the world. Pursuing deliciousness through choice fish ingredients
Slide 3: Overview of Financial Results
Overview of Financial Results 2
Slide 4: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results Profit attributable to Net sales Operating profit owners of parent FY2025 38,605 JPY mn 2,562 JPY mn 2,488 JPY mn (Jan. to Dec. 2025) FY2024 35,580 JPY mn 2,901 JPY mn 1,685 JPY mn (Jan. to Dec. 2024) FY2023 31,784 JPY mn 2,306 JPY mn 1,562 JPY mn (Jan. to D
Slide 5: Trends in Capital Efficiency (Profit and ROE)
Trends in Capital Efficiency (Profit and ROE) Profit ROE (Return on equity) (Unit: JPY mn) 30.2% 27.0% 2,488 24.7% 22.9% 21.3% 17.3% 1,685 1,562 1,110 1,006 832 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 4
Slide 6: Consolidated Statement of Income
Consolidated Statement of Income (Unit: JPY mn) FY2024 FY2025 (Jan. to Dec. 2024) (Jan. to Dec. 2025) Results vs. Net sales Results vs. Net sales Change YoY Net sales 35,580 100.0 38,605 100.0 +3,025 +8.5% Cost of sales 25,627 72.0 28,157 72.9 +2,530 +9.9% Gross profit 9,953 28.0 10,447 27.1 +494 +5
Slide 7: Consolidated Balance Sheet and Consolidated Statement of Cash Flows
Consolidated Balance Sheet and Consolidated Statement of Cash Flows (Unit: JPY mn) As of Dec. As of Dec. 31, 2024 31, 2025 Change YoY Current assets 11,064 10,559 (505) (4.6%) Of which, cash and deposits 4,226 3,507 (718) (17.0%) Non-current assets 8,219 11,291 +3,071 +37.4% Of which, property, plan
Slide 8: Analysis of Changes in Operating Profit
Analysis of Changes in Operating Profit ■ Repeated raw material price hikes were addressed through specification downgrades, and the avoidance of price increases commensurate with value led to a significant decline in product sales since June. Increase in raw 2,901 material costs (Unit: JPY mn) 468
Slide 9: Issues Requiring Review and Priority Measures for FY2025
Issues Requiring Review and Priority Measures for FY2025 8
Slide 10: Four Issues Requiring Review and Their Countermeasures
Four Issues Requiring Review and Their Countermeasures Issue Countermeasure Without carefully considering true customer needs, Restore size of mainstay fish species products responding to rising raw material costs with 1 and also implement product renewals that repeated spec downgrades to avoid pric
Slide 11: Qualitative Priority Policies
Qualitative Priority Policies 10
Slide 12: Qualitative Priority Policies
Qualitative Priority Policies ■ Further enhancement of integrated production Commitment begins from raw material production, not from discernment in raw materials procurement. Enhance manufacturing Intellectual property rights Expansion of fish species capabilities for new technologies Expansion o
Slide 13: Earnings Forecast for the Fiscal Year Ending Dec. 31, 2026
Earnings Forecast for the Fiscal Year Ending Dec. 31, 2026 12
Slide 14: Trends in Results So Far and Future Growth Prospects
Trends in Results So Far and Future Growth Prospects *CAGR = Compound Annual Growth Rate Net sales CAGR* of 9.0% and operating profit CAGR of 11.8% since listing. In the current fiscal year, restructuring toward growth in the next fiscal year and beyond, aiming for profit growth in the FY2027 an
Slide 15: Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2026
Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2026 Conservative projection of revenue growth due to reduced catch quotas for mainstay raw materials. While the effects of countermeasures for issues are expected to contribute from the second half, the full-year profit outlook
Slide 16: Shareholder Return Policy
Shareholder Return Policy 15
Slide 17: Shareholder Return Policy
Shareholder Return Policy Annual dividend for the FY2026 is expected to be the same amount as the previous year. Trends in dividends FY2023 FY2024 FY2025 FY2026 Interim dividends 13.3 JPY 20 JPY 20 JPY 23.3 JPY (Commemorative dividend of 6.7 JPY) Year-end dividend 26.7 JPY 20 JPY 20 JPY Annual div
Slide 18: APPENDIX
BY sti Foods Holdings APPENDIX 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 413 (1,058 other temporary employees) Tokyo *As of the end of Dec. 2025, the number of te
Slide 20: Group and Production Bases
Group and Production Bases The Group is formed of STI Foods Holdings, six subsidiaries in Japan, 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 temperatu
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 (No specification downgrades) (Funabashi, Shiraoka) Optimization of production through multiple sites STI Enak STI Miya
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 P
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 reduction in raw material costs Integrated manufa
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: Disclaimer
Disclaimer Forward-looking statements related to STI Foods Holdings' current plans, outlook and strategy, etc. Contained within these materials are based on judgments made by Company's management using information available at hand at the time of writing. A variety of material factors that could res