KewpieKewpie Corporation2809東証プライム食料品FY ending Nov 2025, consolidated, J-GAAP

Kewpie FY ending Nov 2025 results

About 37% of Kewpie's sales come from Retail Market Business, with Food Service Business and Overseas Business making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +6.1% from the prior year, operating profit +0.9%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +6.1% · profit +0.9%, calculated from disclosed figures.

Operating leverage: 0.14× (profit growth ÷ revenue growth)

FY ending Nov 2024 → FY ending Nov 2025

Revenue for the FY ending Nov 2025 was ¥513.4B, up +6.1% from ¥484B.
Operating income edged up only +0.9% to ¥34.6B, so profit grew much more slowly than sales.
Net income rose +42.4% to ¥30.5B, boosted by a one-off gain from selling a former factory site.
Operating cash flow fell -49.6% to ¥31.8B, and free cash flow shrank to ¥15.3B.

Overseas sales grew in the Americas and Asia Pacific, and efficiency work in China helped the segment earn more
In Japan, price increases, a recovery in egg product sales and stronger demand for cut vegetables pushed sales up
But high egg and vegetable prices and rising logistics costs cut profit in both the retail and food service segments

Egg supply and prices can swing with bird flu outbreaks and changes in the number of laying hens
Soybean and rapeseed prices and currency moves affect the cost of edible oil
A shrinking population in Japan and volatile vegetable prices could shrink the salad market

Annual Securities Report (113th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (113th term) / 事業等のリスク

FY ending Nov 2024 → FY ending Nov 2025

For every ¥100 Kewpie sells, how much goes where, and how much is kept.

FY ending Nov 2025

Gross margin29.4%

Operating margin6.7%

Net margin5.9%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Nov 2025

Retail Market Business¥189.8B
37%
Op. margin 6.6%Industry: Processed Foods
Food Service Business¥185.6B
36%
Op. margin 6.4%Industry: Processed Foods
Overseas Business¥100.3B
20%
Op. margin 13.6%Industry: Processed Foods
Fruit solution products¥17.6B
3%
Op. margin 3.9%Industry: Processed Foods
Fine chemical products¥11.8B
2%
Op. margin 6.0%Industry: Chemicals
Common business operations¥8.33B
2%
Op. margin 16.3%Industry: Industrial Machinery

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第113期(2024/12/01－2025/11/30)
ID S100XMJE2026-02-24Open
EDINET (FSA Japan)
有価証券報告書－第112期(2023/12/01－2024/11/30)
ID S100VAQ72025-02-28Open
EDINET (FSA Japan)
有価証券報告書－第111期(2022/12/01－2023/11/30)
ID S100SYBO2024-02-29Open
EDINET (FSA Japan)
訂正有価証券報告書－第110期(2021/12/01－2022/11/30)
ID S100QJY32023-04-06Open
EDINET (FSA Japan)
有価証券報告書－第109期(令和2年12月1日－令和3年11月30日)
ID S100NJZ42022-02-28Open
EDINET (FSA Japan)
有価証券報告書－第108期(令和1年12月1日－令和2年11月30日)
ID S100KVOF2021-02-26Open

Extracted from XBRL: 53 / Derived from other figures: 1

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