s foodss foods inc.2292東証プライム食料品FY ending Feb 2026, consolidated, J-GAAP

s foods FY ending Feb 2026 results

About 92% of s foods's sales come from Meat manufacturing and meat wholesale business, with Meat retailing business and Meat food service business making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed +6.2% from the prior year, operating profit +103.7%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +6.2% · profit +103.7%, calculated from disclosed figures.

Operating leverage: 16.60× (profit growth ÷ revenue growth)

What changed from last year

FY ending Feb 2025 → FY ending Feb 2026

Revenue: +6.2%¥444.5B → ¥472.3B
Gross profit: +18.0%¥45.5B → ¥53.6B
Operating income: +103.7%¥5.14B → ¥10.5B
Net income attributable to owners: +246.3%¥2.67B → ¥9.24B
Operating cash flow: +19.8%¥7.38B → ¥8.83B
Free cash flow: Loss-¥4.25B → -¥1.31B

Results at a glance

Sales rose +6.2% to ¥472.3B, but gross profit rose +18.0%: the company paid relatively less for the meat it sold.
That lifted operating income +103.7%, from ¥5.14B to ¥10.5B.
Net income climbed +246.3% to ¥9.24B, partly thanks to one-off gains from selling shares and property.
Cash is still tight. Spending ¥10.1B on plants, including a new beef plant in the US, left free cash flow at -¥1.31B.

What drove the change

Cost of goods grew more slowly than sales
Leaner inventory and closing old facilities while feed and freight stayed expensive
Bigger gains on sales of investment securities and fixed assets

Things to watch

Expensive live cattle in the US kept the Aurora Beef business under strain for a second year
Japan's aging population is shrinking demand for meat, and a weak yen can push up import costs
Outbreaks such as BSE, foot-and-mouth disease or bird flu, or new import curbs, can cut supply and move prices

Annual Securities Report, 60th term (Mar 2025 – Feb 2026) / Management's analysis of financial position, operating results and cash flows · Annual Securities Report, 60th term (Mar 2025 – Feb 2026) / Business risks

Where the money goes

FY ending Feb 2025 → FY ending Feb 2026

Where ¥100 of sales goes

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

FY ending Feb 2026

Cost of sales: ¥89
SG&A: ¥9
Operating profit: ¥2
Net profit kept: ¥2

Annual margin trends

Gross margin11.4%

Operating margin2.2%

Net margin2.0%

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

Which businesses earn the money

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

FY ending Feb 2026

Meat manufacturing and meat wholesale business¥436.6B
92%
Op. margin 2.3%Industry: Meat Processing
Meat retailing business¥24.9B
5%
Op. margin 4.8%Industry: Meat Processing
Meat food service business¥9.96B
2%
Op. margin 4.1%Industry: Restaurants & Pubs
Other¥860M
0%
Op. margin 20.9%

Profit by segment

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

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第60期(2025/03/01－2026/02/28)
ID S100Y5H52026-05-21Open
EDINET (FSA Japan)
有価証券報告書－第59期(2024/03/01－2025/02/28)
ID S100VTFA2025-05-26Open
EDINET (FSA Japan)
有価証券報告書－第58期(2023/03/01－2024/02/29)
ID S100THPY2024-05-27Open
EDINET (FSA Japan)
有価証券報告書－第57期(2022/03/01－2023/02/28)
ID S100QTOP2023-05-25Open
EDINET (FSA Japan)
訂正有価証券報告書－第56期(令和3年3月1日－令和4年2月28日)
ID S100O4Q92022-05-30Open
EDINET (FSA Japan)
有価証券報告書－第55期(令和2年3月1日－令和3年2月28日)
ID S100LELJ2021-05-26Open

Extracted from XBRL: 55 / Derived from other figures: 2

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