Kagome Q1 Net Profit Falls 27% as Costs Weigh; Lifts Dividend to ¥58

Kagome Co., Ltd. (TSE: 2811) reported consolidated first-quarter results for FY12/2026 (January 1–March 31, 2026) under IFRS. Revenue edged up 0.6% to ¥67,564 million, business profit fell 25.8% to ¥3,438 million, operating profit fell 14.6% to ¥4,124 million, and profit attributable to owners of the parent fell 26.9% to ¥2,055 million. Quarterly comprehensive income was ¥5,932 million (versus a ¥4,766 million loss a year earlier), and basic EPS was ¥22.68.

Food and beverage costs weigh on profit

Kagome is Japan's dominant maker of tomato ketchup, tomato-based foods and vegetable juices, with domestic and international operations. Flat revenue and higher costs trimmed quarterly profit, though the swing in comprehensive income reflected favorable valuation and currency movements. The company early-adopted IFRS 18 this year.

Balance sheet and dividend

Total assets were ¥359,957 million, total equity ¥213,320 million and equity attributable to owners ¥189,300 million, for a 52.6% ratio. The FY12/2026 dividend forecast was raised to ¥58.00 (year-end) from ¥48.00. Kagome is dual-listed on the Tokyo and Nagoya exchanges.

Full-year guidance maintained

For FY12/2026 management guides revenue of ¥310,000 million (+5.3%), business profit of ¥23,000 million, operating profit of ¥23,000 million and net profit attributable to owners of ¥13,400 million (−9.5%), with EPS of ¥147.47.

JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.