Kagome cuts full-year forecast amid international business slowdown

Kagome Co. Ltd. has revised its consolidated earnings forecast for the fiscal year ending December 2025, anticipating lower figures across key metrics. The company now projects full-year revenue of JPY 290,000 million, a 3.3% decrease from its previous forecast of JPY 300,000 million. Business profit is expected to be JPY 21,000 million, down 12.5% from JPY 24,000 million, while operating profit is also revised to JPY 21,000 million, a 12.5% reduction.

The revision is primarily attributed to a slowdown in international business operations, particularly in "Tomato and other primary processed products" and "Tomato and other secondary processed products." The company noted a decrease in sales volumes due to relaxed tomato paste supply and demand, delayed product uptake by customers, and sales stagnation for certain limited-time products. Furthermore, business profit is expected to decrease by JPY 3,000 million due to lower revenue and temporary losses from manufacturing process issues.

For the third quarter ended September 30, 2025, Kagome reported consolidated revenue of JPY 216,309 million, a 4.4% decrease year-over-year. Business profit for the same period was JPY 17,447 million, down 25.8%, and operating profit was JPY 17,642 million, a 46.0% decrease. Profit attributable to owners of the parent significantly declined by 52.6% to JPY 10,681 million.