Kagome revises full-year earnings forecast down amid international business woes

Kagome Co., Ltd. today confirmed that its consolidated financial results for the nine months ended September 30, 2025, remain unchanged after a review. Revenue for the period decreased by 4.4% year-on-year to JPY 216,309 million, with core operating income falling 25.8% to JPY 17,447 million. Net income attributable to shareholders of parent also saw a significant drop of 52.6% to JPY 10,681 million.

The company revised its full-year consolidated earnings forecast for the fiscal year ending December 31, 2025. It now anticipates revenue of JPY 290,000 million, down 3.3% from the initial forecast. Core operating income is projected at JPY 21,000 million, a 12.5% decrease, and net income attributable to shareholders of parent is expected to be JPY 13,000 million, a 7.1% reduction. Earnings per share are estimated at JPY 141.79.

These revisions primarily stem from changes in sales trends within the international business, particularly in tomato and other primary processing, due to lower selling prices and customer pickup delays. The domestic processed food business forecast remains unchanged.