Yukiguni Factory Co., Ltd. (TSE: 1375), the Niigata-based company behind the "Yukiguni Maitake" mushroom brand and Japan's largest cultivator of maitake, eringi and bunashimeji mushrooms, reported FY3/2026 results (year ended March 31, 2026) under IFRS. Revenue rose 0.6% year-on-year to ¥53.4 billion, but operating profit surged 78.5% to ¥4.32 billion, pre-tax profit jumped 92.9% to ¥4.20 billion and profit attributable to owners nearly doubled, up 96.9% to ¥2.96 billion. Basic EPS was ¥74.18, up from ¥37.66.
Profit recovery on cost control and pricing
The sharp profit rebound came despite essentially flat revenue, reflecting improved cost management and pricing after a weak prior year. Core operating profit was ¥4.14 billion and core EBITDA ¥6.42 billion, a 17.0% margin. ROE recovered to 21.8% from 12.6%.
Balance sheet and cash flow
Total assets stood at ¥37.7 billion and equity at ¥14.8 billion, lifting the equity ratio to 39.2% from 32.7%. Operating cash flow was ¥4.53 billion. Book value per share rose to ¥370.43.
Dividend raised; FY2027 outlook
Reflecting the stronger result, Yukiguni Factory raised its FY3/2026 dividend, lifting the year-end payout to ¥19.00 per share from a planned ¥12.00. For FY3/2027 the company guides revenue of ¥56.9 billion (+6.5%) but operating profit down 4.1% to ¥4.14 billion and net profit down 14.1% to ¥2.54 billion (EPS ¥63.69), a more cautious outlook after the strong recovery year.
| Metric | FY3/26 | FY3/25 | YoY |
|---|---|---|---|
| Revenue (¥bn) | 53.4 | 53.1 | +0.6% |
| Operating profit (¥bn) | 4.32 | 2.42 | +78.5% |
| Pre-tax profit (¥bn) | 4.20 | 2.18 | +92.9% |
| Profit attrib. to owners (¥bn) | 2.96 | 1.50 | +96.9% |
| Basic EPS (¥) | 74.18 | 37.66 | +97.0% |
| ROE | 21.8% | 12.6% | +9.2pp |
| FY3/27 OP guidance (¥bn) | 4.14 | 4.32 | −4.1% |
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.