Sato Foods Q2 earnings surge, lifts full-year dividend forecast

Sato Foods announced a strong performance for the second quarter of the fiscal year ending April 2026. Consolidated net sales for the period reached JPY 20,480 million, a 9.8% increase year-on-year. Operating profit was up 134.4% to JPY 2,021 million, and ordinary profit increased by 105.9% to JPY 2,209 million. Net income attributable to owners of the parent soared by 161.6% to JPY 1,914 million. The company's total assets grew by JPY 12,193 million to JPY 61,033 million, driven by increases in merchandise, products, and raw materials.

Following these strong results, Sato Foods has updated its full-year consolidated earnings forecast for the fiscal year ending April 2026. The company now projects net sales of JPY 50,000 million, operating profit of JPY 2,700 million, and ordinary profit of JPY 3,000 million. Net income attributable to owners of the parent is expected to be JPY 2,300 million, resulting in JPY 456.02 per share.

The annual dividend forecast has also been revised, with the company now anticipating a year-end dividend of JPY 70.00 per share, an increase from the previous year's ordinary dividend of JPY 65.00.