Sato Foods Co., Ltd. (TSE: 2923) — the Niigata-based maker of "Sato no Gohan" packaged instant rice and "Sato no Kirimochi" rice cakes — reported full-year results on June 12, 2026 for the fiscal year ended April 2026. Consolidated revenue rose 11.4% year-on-year to ¥51,775 million, operating profit gained 23.7% to ¥3,336 million, ordinary profit rose 21.9% to ¥3,589 million, and net profit attributable to owners jumped 43.7% to ¥2,800 million, lifting EPS to ¥555.30 from ¥386.52.
Rice demand and pricing lift earnings
The strong results reflect firm demand for packaged rice and mochi against a backdrop of elevated rice prices and supply tightness in Japan, alongside the company's price and product strategy. Operating margin improved as higher volumes and pricing outpaced cost increases, and return on equity rose to 11.8%.
Higher dividend; FY2027 outlook undisclosed
Total assets stood at ¥57,951 million with net assets of ¥24,860 million (a 42.9% equity ratio) and book value per share of ¥4,929.04. Sato Foods raised its annual dividend to ¥75.00 per share from ¥70.00 (the prior year had included a ¥5 commemorative payment).
Citing an uncertain outlook — geopolitical risk, elevated energy and raw-material costs, and higher labour and logistics expenses — the company left its FY2027 (to April 2027) earnings guidance undisclosed, saying it will publish figures once a reasonable estimate is possible.
| Metric | FY4/2026 | FY4/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 51,775 | 46,479 | +11.4% |
| Operating profit (¥ million) | 3,336 | 2,697 | +23.7% |
| Ordinary profit (¥ million) | 3,589 | 2,944 | +21.9% |
| Net profit (¥ million) | 2,800 | 1,949 | +43.7% |
| EPS (¥) | 555.30 | 386.52 | +43.7% |
| ROE | 11.8% | 9.1% | +2.7pp |
| Equity ratio | 42.9% | 46.0% | — |
| Annual dividend (¥) | 75.00 | 70.00 | +7.1% |
| FY2027 guidance | Not disclosed | — | — |
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.