Kameda Seika boosts 2030 revenue target amid North American expansion

Kameda Seika Co., Ltd. has revised its "Medium-to-Long-Term Growth Strategy 2030," increasing its fiscal year 2030 net sales target from 140 billion yen to 160 billion yen. The adjusted operating income target for fiscal year 2030 also saw an uptick from 14 billion yen to 14.5 billion yen, while the EBITDA target rose from 25.6 billion yen to 26 billion yen. However, the adjusted ROIC target for fiscal year 2030 was lowered from 8.0% to 5.7%. These revisions follow the strategic acquisition of TH FOODS, INC. to bolster its presence in the North American healthy snack market and a review of domestic business plans due to changes like soaring raw rice prices.

The updated strategy emphasizes two pillars: domestic rice crackers and overseas rice crackers, with a focus on North America. Key initiatives include expanding overseas business through synergy with TH FOODS and strengthening the profitability of domestic rice cracker businesses. The company also aims to establish a revenue base for its food business, addressing social needs such as disaster preparedness and food allergies.

Financial targets for fiscal year 2027 include consolidated net sales of 147 billion yen and an adjusted operating income of 11.5 billion yen. The company anticipates an overseas sales ratio of 37% by fiscal year 2027, rising to 43% by fiscal year 2030. Kameda Seika is also committed to progressive dividends with a target consolidated payout ratio of 35%.