BOURBON CORPORATION
2208・Standard Market・Foods
BOURBON CORPORATION (Single Segment)
A food manufacturer operating as a single segment engaged in the manufacture and sale of confectionery, beverages, and food products
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (consolidated, full-year results) | ¥120,303 million | ¥113,475 million | ↑ |
| Operating profit (consolidated, full-year results) | ¥7,496 million | ¥7,470 million | ↑ |
| Ordinary profit (consolidated, full-year results) | ¥8,004 million | ¥7,585 million | ↑ |
| Profit attributable to owners of parent (consolidated, full-year results) | ¥5,913 million | ¥5,566 million | ↑ |
| Operating margin | 6.2% | 6.6% | ↓ |
| Equity ratio | 66.3% | 64.2% | ↑ |
| Earnings per share | ¥244.61 | ¥231.17 | ↑ |
| Net assets per share | ¥2,780.37 | ¥2,543.62 | ↑ |
| Cash flow from operating activities | ¥9,280 million | ¥6,527 million | ↑ |
| Cash and cash equivalents at end of period | ¥20,826 million | ¥17,391 million | ↑ |
| Annual dividend per share | ¥42.00 | ¥37.00 | ↑ |
Business Details
A food manufacturing company centered on confectionery such as biscuits and rice crackers, with a broader lineup of Beverages, Food, Frozen Desserts & Others. Domestic sales account for the majority of net sales, with wholesalers such as Mitsubishi Shokuhin and Confex as principal customers. The company is also pursuing global expansion into China, the United States, and Southeast Asia. Its consolidated subsidiaries include two local subsidiaries in China, Lehmann Co., Ltd. (Western-style confectionery), and Echigo Beer Co., Ltd. (alcoholic beverages). In FY2026 (ending March 2026), both net sales and all profit measures reached record highs.
Recent Overview
In FY2026 (ending March 2026), both net sales and all profit measures reached record highs, and the dividend was increased
In FY2026 (ending March 2026), consolidated net sales were ¥120,303 million (up 6.0% year on year), operating profit was ¥7,496 million (up 0.3%), ordinary profit was ¥8,004 million (up 5.5%), and profit attributable to owners of parent was ¥5,913 million (up 6.2%), with all metrics reaching record highs. Core biscuit items, bean snacks, and snacks drove results, while chocolate was affected by price revisions and candy struggled amid intensifying competition. The annual dividend was increased to ¥42.00 (from ¥37.00 in the prior year). For FY2027 (ending March 2027), the company expects net sales of ¥126,600 million, while operating profit is forecast to decline sharply to ¥5,800 million (down 22.6% year on year) due to anticipated increases in various costs. A new medium-term management plan covering FY2027 (ending March 2027) through FY2029 (ending March 2029) has been formulated.
Key Products
Growth Drivers
- Enhanced brand recognition through new product launches in core biscuit items (relaunch of Rubella, expansion of the Petit series, etc.) and strengthened promotions
- Capturing new demand through an enhanced lineup of bean snacks (Ajigonomi) and snacks (Pikkara)
- Brand reinforcement through promotions marking the 15th anniversary of the Fettuccine Gummy series launch
- Increased demand for mineral water and stockpile products amid heightened disaster-preparedness awareness
- Higher value-added positioning through an expanded lineup of functional foods (the Slow Bar series, moist soft cookies, etc.)
- Expansion of the Beverages, Food, Frozen Desserts & Others category (up 12.0% year on year)
- Strengthened global expansion driven by steady performance of Echigo Beer export products
- Advancement of business expansion measures under the medium-term management plan covering FY2027 (ending March 2027) through FY2029 (ending March 2029)
Risks
- Rising cost of sales due to persistently high raw material and energy prices (a primary factor behind the forecast 22.6% decline in operating profit for FY2027, ending March 2027)
- Margin pressure from continued increases in logistics and other costs
- Impact on sales volume from prolonged consumer thrift and defensive spending attitudes
- Sluggish performance in certain items (such as candy) due to intensifying competition
- Declining profitability in chocolate items due to persistently high cacao raw material prices
- Foreign exchange risk (affecting overseas raw material procurement and overseas subsidiaries)
- Uncertainty in the global economy stemming from heightened tensions in the Middle East and developments in U.S. trade policy, among other factors
- Medium- to long-term market contraction and rising production costs due to Japan's declining population and labor shortages
Last updated: June 19, 2026