Yakult HonshaYAKULT HONSHA CO.,LTD.2267東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Yakult Honsha FY ending Mar 2026 results

About 45% of Yakult Honsha's sales come from Japan, Food and Beverages, with Asia and Oceania, Food and Beverages and The Americas, Food and Beverages making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed -2.7% from the prior year, operating profit -18.4%.

Revenue and profit pattern

Revenue and profit down

Revenue -2.7% · profit -18.4%, calculated from disclosed figures.

Operating leverage: 6.94× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -2.7%¥499.7B → ¥486.4B
Gross profit: -3.1%¥295.5B → ¥286.2B
Operating income: -18.4%¥55.4B → ¥45.2B
Net income attributable to owners: -2.9%¥45.5B → ¥44.2B
Operating cash flow: -38.5%¥84.7B → ¥52.1B
Free cash flow: -142.3%¥31B → -¥13.1B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥486.4B, down -2.7% from ¥499.7B.
Operating income dropped harder, from ¥55.4B to ¥45.2B (-18.4%).
Net income held up better at ¥44.2B (-2.9%), helped by larger gains from selling shareholdings.
Operating cash flow shrank to ¥52.1B (-38.5%), below capital expenditure of ¥65.2B, so free cash flow turned negative at -¥13.1B.

What drove the change

In Japan, rising competition and higher prices weighed on both dairy drinks and soft drinks, and fewer bottles of dairy drinks were sold
Asia and Oceania, including China and Vietnam, grew, but currency moves cut into profit
Higher raw material costs squeezed the gross margin, and overseas expenses rose

Things to watch

Most revenue comes from Yakult-branded drinks, so a cheaper or more effective rival could hurt a lot
Swings in currencies such as the Chinese yuan and Indonesian rupiah affect results
Rising costs for materials, labor, and fees paid to Yakult Ladies could squeeze profit if prices can't rise to match

Annual Securities Report (FY ending Mar 2026) / Management's analysis of financial position, results and cash flows · Annual Securities Report (FY ending Mar 2026) / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026

Cost of sales: ¥41
SG&A: ¥50
Operating profit: ¥9
Net profit kept: ¥9

Annual margin trends

Gross margin58.8%

Operating margin9.3%

Net margin9.1%

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 Mar 2026

Japan, Food and Beverages¥220.4B
45%
Op. margin 12.6%Industry: Beverages & Dairy
Asia and Oceania, Food and Beverages¥136.2B
28%
Op. margin 9.3%Industry: Beverages & Dairy
The Americas, Food and Beverages¥91.1B
19%
Op. margin 26.1%Industry: Beverages & Dairy
Other¥26B
5%
Op. margin 5.1%Industry: Professional Sports
Europe, Food and Beverages¥12.7B
3%
Op. margin -0.7%Industry: Beverages & Dairy

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74期(2025/04/01－2026/03/31)
ID S100YCBJ2026-06-19Open
EDINET (FSA Japan)
有価証券報告書－第73期(2024/04/01－2025/03/31)
ID S100W0D22025-06-23Open
EDINET (FSA Japan)
有価証券報告書－第72期(2023/04/01－2024/03/31)
ID S100TLP12024-06-20Open
EDINET (FSA Japan)
有価証券報告書－第71期(2022/04/01－2023/03/31)
ID S100QXAM2023-06-22Open
EDINET (FSA Japan)
有価証券報告書－第70期(令和3年4月1日－令和4年3月31日)
ID S100OBH82022-06-23Open
EDINET (FSA Japan)
有価証券報告書－第69期(令和2年4月1日－令和3年3月31日)
ID S100LLZD2021-06-24Open

Extracted from XBRL: 55 / Derived from other figures: 1

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