Imuraya Group Co., Ltd. (TSE: 2209), the Japanese food and confectionery maker best known for its "Azuki Bar" red-bean ice bar, reported a solid fiscal year ending March 2026, disclosed on May 12, 2026. Consolidated revenue rose 5.1% year-on-year to ¥53,723 million, operating profit climbed 6.5% to ¥3,200 million, ordinary profit advanced 11.5% to ¥3,533 million, and net profit increased 8.7% to ¥2,389 million, up from ¥2,198 million a year earlier. Earnings per share rose to ¥186.71 from ¥168.31.
The results extended the group's steady growth trajectory, with the top line crossing ¥53 billion and the operating margin holding at roughly 6.0% of revenue. Return on equity came in at a healthy 10.1%, reflecting consistent profitability across the company's core azuki-based product lines and supporting businesses.
Azuki Bar and steamed buns anchor a broad product range
Imuraya Group operates a diversified food business built around red-bean (azuki) confectionery. Its flagship "Azuki Bar" — a firm, minimally sweetened red-bean ice bar that has become a Japanese summer staple — is complemented by steamed buns (anman and nikuman), yokan and other azuki-based sweets, alongside dairy and beverage products and a growing overseas operation. Listed in both Tokyo and Nagoya, the company has leaned on its iconic brand and seasonal product cadence to drive durable demand, with the latest fiscal year's growth reflecting both volume resilience and disciplined pricing across the portfolio.
Balance sheet strengthens; dividend lifted to ¥38
Total consolidated assets stood at ¥43,326 million at year-end, with net assets of ¥25,031 million and a strong equity ratio of 57.7%, pointing to a conservatively financed balance sheet. Book value per share was ¥1,956.05, and operating cash flow reached a robust ¥3,841 million — comfortably above net profit and underscoring healthy cash generation. Imuraya raised its year-end dividend to ¥38.00 per share, for total dividends of ¥486 million and a payout ratio of 20.4%, leaving ample room for reinvestment.
FY2027 guidance points to continued modest growth
For the fiscal year ending March 2027, Imuraya guides for revenue of ¥56,000 million (+4.2%) and operating profit of ¥3,300 million (+3.1%), with ordinary profit of ¥3,400 million (-3.8%) and net profit of ¥2,400 million (+0.4%), equivalent to EPS of ¥187.54. The company plans to maintain its annual dividend at ¥38.00. The guidance points to continued top-line and operating-profit growth, with the slight dip in ordinary profit reflecting a less favourable non-operating contribution rather than any weakness in the core business.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 53,723 | 51,121 | +5.1% |
| Operating profit (¥ million) | 3,200 | 3,005 | +6.5% |
| Ordinary profit (¥ million) | 3,533 | 3,169 | +11.5% |
| Net profit (¥ million) | 2,389 | 2,198 | +8.7% |
| EPS (¥) | 186.71 | 168.31 | +10.9% |
| Total assets (¥ million) | 43,326 | — | — |
| Net assets (¥ million) | 25,031 | — | — |
| Equity ratio | 57.7% | — | — |
| Annual dividend (¥) | 38.00 | — | — |
| FY2027 guidance — revenue (¥ million) | 56,000 | — | +4.2% |
| FY2027 guidance — operating profit (¥ million) | 3,300 | — | +3.1% |
| FY2027 guidance — net profit (¥ million) | 2,400 | — | +0.4% |
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.