Shoei Foods sees sales rise, but profit dips in first nine months

Shoei Foods Corporation announced net sales of JPY94,526 million for the nine months ended July 31, 2025, a 7.5% increase year-on-year. This growth was primarily driven by higher domestic sales of dairy products, dried fruits, confectionery, and retail goods, which offset a decrease in yen-converted overseas sales due to yen appreciation.

However, operating profit remained nearly flat at JPY4,218 million, while ordinary profit decreased by 2.4% to JPY4,265 million. Profit attributable to owners of parent saw a 5.1% decline, reaching JPY2,605 million. These profit reductions were influenced by increased selling, general, and administrative expenses due to digital transformation investments and rising personnel costs, despite an improvement in gross profit from price adjustments.

The company's full-year forecast for fiscal year 2025 remains unchanged, projecting net sales of JPY120,000 million and a profit attributable to owners of parent of JPY2,750 million. Basic earnings per share are estimated at JPY163.21. Dividends for the second and third quarters are forecasted at JPY30.00 each, with an annual forecast of JPY60.00.