TSE: 2602
H1 FY2025 Financial Results BriefingNovember 14, 2025
Financial Results for H1 FY2025
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Consolidated net sales increased YoY to ¥269.9 billion, whereas consolidated operating profit decreased YoY to ¥6.9 billion.
Global Oil & Fat and Processed Oil & Fat posted higher sales YoY due to higher sales volumes and higher unit sales prices amid higher market prices of palm oil. However, the segment posted lower profits YoY due to lower gross profit per unit, coupled with the impact of mark-to-market valuation losses of palm oil transactions.
Oil, Fat & Meal posted lower sales YoY due to lower sales volumes of household-use products and lower unit sales prices of meal. The latter factor was a result of a drop in international market prices, driven by a decrease in meal value against the backdrop of lower soybean market prices and higher demand for biodiesel. The category also posted lower profits YoY due to higher oil & fat costs and lower gross profit per unit resulting from delays in sales price revisions, coupled with higher SG&A expenses.
Processed Food & Materials posted higher sales and profits YoY mainly due to higher unit sales prices of chocolate products.
Full-Year Earnings Forecast for FY2025
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We revised the consolidated earnings forecast-net sales to ¥540.0 billion and operating profit to ¥15.0 billion.
We expect consolidated net sales to increase YoY due to higher sales volumes and unit sales prices mainly in Global Oil & Fat and Processed Oil & Fat, coupled with higher unit sales prices of chocolate products.
We expect consolidated operating profit to decrease YoY due to lower gross profit per unit of domestic oil and fat and chocolate products.
Global Oil & Fat and Processed Oil & Fat will show higher profits YoY due to higher gross profit per unit and higher sales volumes of confectionery fats.
Domestic Oil & Fat will experience lower profits YoY due to lower sales volumes of household-use products and rising oil & fat costs, as well as higher SG&A expenses.
Processed Food & Materials will experience lower profits YoY due to lower sales volumes and higher costs of chocolate products.
Highlights of Financial Results for H1 FY2025 and
Full-Year Earnings Forecast for FY2025
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01 Summary of H1 FY2025 Financial Results
(Billion yen)
H1 FY2025
H1 FY2024
YoY change (Amount)
YoY change (Percentage)
Net sales | 269.9 | 261.1 | +8.7 | 103.4% |
Operating profit Operating profit margin | 6.9 2.6% | 10.3 4.0% | (3.3) - | 67.4% |
Ordinary profit | 5.9 | 8.9 | (2.9) | 67.0% |
Profit attributable to owners of parent | 18.5 | 7.5 | +10.9 | 246.1% |
Financial Results for H1 FY2025
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(Billion yen)
H1 FY2025
H1 FY2024
YoY change
(Amount)
YoY change
(Percentage)
Net sales | 269.9 | 261.1 | +8.7 | 103.4% | |
Global Oil & Fat and Processed Oil & Fat | 65.5 | 54.3 | +11.2 | 120.6% | |
Oil, Fat & Meal and Processed Food & Materials | 191.5 | 194.2 | (2.7) | 98.6% | |
Oil, Fat & Meal | 154.2 | 157.5 | (3.2) | 97.9% | |
Processed Food & Materials | 37.2 | 36.7 | +0.4 | 101.3% | |
Fine Chemical | 7.6 | 7.2 | +0.3 | 104.5% | |
Other/Adjustments | 5.2 | 5.2 | (0.0) | 99.8% | |
Operating profit | 6.9 | 10.3 | (3.3) | 67.4% | |
Global Oil & Fat and Processed Oil & Fat | 1.4 | 2.4 | (0.9) | 59.6% | |
Oil, Fat & Meal and Processed Food & Materials | 4.8 | 7.2 | (2.3) | 67.1% | |
Oil, Fat & Meal | 2.7 | 5.8 | (3.0) | 47.8% | |
Processed Food & Materials | 2.0 | 1.3 | +0.6 | 147.5% | |
Fine Chemical | 0.8 | 0.8 | +0.0 | 101.9% | |
Other/Adjustments | (0.1) | (0.1) | (0.0) | - | |
Results by Business Segment for H1 FY2025 (Net Sales and Operating Profit)
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