S Foods Inc.
2292・Prime Market・Foods
Meat Manufacturing & Wholesale Business
S Foods' core segment covering the upstream and midstream areas of meat distribution
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (cumulative Q1 FY2027 (ending March 2027) [i.e. fiscal year ending February 2027]) | ¥114,691 million | ¥105,169 million (cumulative Q1 FY2026 (ending February 2026)) | ↑ |
| Segment profit (cumulative Q1 FY2027 (ending February 2027)) | ¥2,606 million | ¥1,677 million (cumulative Q1 FY2026 (ending February 2026)) | ↑ |
| Segment sales (full year FY2026 (ending February 2026)) | ¥436,641 million | — | — |
| Segment profit (full year FY2026 (ending February 2026)) | ¥9,889 million | — | — |
| Segment assets (full year FY2026 (ending February 2026)) | ¥227,539 million | — | — |
Business Details
This segment handles meat production (domestic cattle & pig fattening/processing), meat product manufacturing (including variety meats such as offal products), and meat products wholesale on an integrated basis. It supplies meat to domestic and overseas business operators, accounting for approximately 93% of consolidated net sales. Consolidated subsidiaries such as S Farm, AURORA PACKING COMPANY (US), and Foodrier Co., Ltd. share functions and form the backbone of the vertically integrated supply chain.
Recent Overview
Strong start with net sales up 9.1% and segment profit up 55.4%
In Q1 of FY2027 (ending February 2027) (March–May 2026), net sales of the Meat Manufacturing & Wholesale Business increased significantly to ¥114,691 million (up 9.1% year on year), with segment profit rising sharply to ¥2,606 million (up 55.4% year on year). While making upfront investments in overseas operations and strengthening domestic sales capabilities and operational efficiency, the new AURORA PACKING COMPANY plant in the US is preparing to begin operations in July 2026. Domestically, the company also advanced the development of domestic cattle sales channels through collaboration with group companies.
Key Products
Growth Drivers
- Increased handling volume through expansion of sales channels for domestic cattle (branded beef and wagyu) and expanded exports
- Improved supply capacity of Hokkaido's "Yume no Daichi" domestic pork and expanded exports to Southeast Asia
- Expansion of sales channels for the products business through introduction of new products centered on offal products
- Strengthened supply capacity for premium beef through the new Aurora Beef plant in the US (scheduled to begin operations in July 2026)
- Improved operational efficiency through disposal of aging facilities/equipment and consolidation of production sites
- Development of domestic cattle sales channels through strengthened collaboration with group companies
Risks
- Continued surge in live cattle prices in the US squeezing profitability of overseas operations
- Rising costs due to persistently high fuel, feed, and logistics costs
- Downward pressure on selling prices due to consumers' shift toward frugality and lower-priced products
- Increased procurement costs due to surging pork and chicken market prices
- Demand volatility risk and uncertainty over business restructuring in New Zealand operations
- Increased overseas procurement costs due to foreign exchange fluctuations (yen depreciation)
- Increased costs due to price increases in packaging materials, etc., caused by shortages of naphtha-related products
Last updated: May 21, 2026