ITOHAM YONEKYU HOLDINGS INC.
2296・Prime Market・Foods
Processed Foods Business
The Group's core business manufacturing and selling ham, sausage, and prepared processed foods
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (external customers) | ¥398,553 million | ¥400,872 million | ↓ |
| Ordinary Income (segment profit) | ¥9,410 million | ¥9,715 million | ↓ |
| Segment Assets | ¥172,614 million | ¥158,106 million | ↑ |
| Depreciation and Amortization | ¥7,105 million | ¥7,046 million | ↑ |
| Increase in Property, Plant & Equipment and Intangible Assets (Capital Expenditure) | ¥20,072 million | ¥15,641 million | ↑ |
Business Details
This segment manufactures and sells processed meat products such as ham, sausage, and prepared processed foods, centered on Itoham Foods Inc. and Yonekyu Corporation. It primarily targets the domestic household and commercial-use markets, promoting brand strengthening and market share expansion through consumer campaigns and product renewal. In FY2026 (ending March 2026), net sales to external customers were ¥398,553 million, accounting for approximately 37.2% of the Group's total net sales.
Recent Overview
Revenue and profit declined due to weak consumer demand and rising raw material and logistics costs
In FY2026 (ending March 2026), the Processed Foods Business recorded net sales of ¥398,553 million (down 0.6% year on year) and segment profit of ¥9,410 million (down 3.1% year on year), a decline in both revenue and profit. Although efforts were made to strengthen the brand power and expand the market share of mainstay household products, net sales declined due to lower sales volume amid weak consumer demand. Profit also decreased due to the impact of rising raw material costs and logistics unit costs, among other factors. On the other hand, capital expenditure increased 28.3% year on year to ¥20,072 million, reflecting continued investment to strengthen the production base.
Key Products
Growth Drivers
- Market share expansion through brand strengthening of mainstay household products and consumer campaigns
- Profitability improvement through accelerated product renewal and continuous internal cost reduction
- Recovery of profitability by passing on cost increases through price revisions
- Enhanced product lineup to meet diverse needs and more sophisticated sales and marketing methods based on the Medium-Term Management Plan 2026
- Increased capital expenditure (¥20,072 million) to strengthen and improve production capacity and efficiency
Risks
- Cost pressure from persistently high raw material costs (livestock market prices for pork, chicken, etc.)
- Increased selling expenses due to rising logistics unit costs
- Risk of declining sales volume due to weak consumer demand and continued frugality
- Concerns over sluggish consumption amid successive price increases for food and other daily necessities
- Risk of net realizable value decline in inventories (meat held for sale) due to fluctuations in livestock market prices
Last updated: June 17, 2026