Matsuda Sangyo raises full-year forecast on strong precious metals, food sales

Matsuda Sangyo announced a revised full-year forecast for the fiscal year ending March 2026, with net sales now projected at JPY 550.0 bn, up JPY 60.0 bn from the initial forecast. Operating profit is expected to reach JPY 15.4 bn, an increase of JPY 1.9 bn. This upward revision is primarily attributed to strong results in the precious metals business, which saw net sales of JPY 227.7 bn and operating profit of JPY 6.3 bn in the first half, and the food business, with net sales of JPY 60.5 bn and operating profit of JPY 1.7 bn for the same period.

The precious metals segment benefited from increased recycling volumes, including in the jewelry sector, and rising precious metal prices, contributing an additional JPY 58.8 bn in net sales and JPY 1.3 bn in operating profit year-on-year for the first half. The food business segment experienced growth due to higher sales volumes of agricultural and livestock products and increased selling prices, boosting net sales by JPY 7.2 bn and operating profit by JPY 0.3 bn year-on-year for the first half, despite a decrease in marine product sales.

In a move to enhance shareholder returns, Matsuda Sangyo is forecasting an annual dividend of JPY 100 per share, an increase of JPY 25 year-on-year, marking an expected eighth consecutive year of dividend increases. The company is also focused on improving capital efficiency and fostering growth expectations through its Medium-term Management Plan, aiming for a ROE of 11.0% and ROA of 9.3% by FY2025.