KIBUN FOODS INC.
2933・Prime Market・Foods
Domestic Food Business
Kibun Group's core segment, centered on the manufacturing and sale of domestic surimi products and prepared foods
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year, FY2026 ending March 2026) | ¥78,167 million | ¥76,982 million | ↑ |
| Segment Profit (Full Year, FY2026 ending March 2026) | ¥1,249 million | ¥2,466 million | ↓ |
| Segment Assets (End of FY2026, March 2026) | ¥62,931 million | ¥58,700 million | ↑ |
| Impairment Loss (Full Year, FY2026 ending March 2026) | ¥192 million | ¥79 million | ↓ |
Business Details
In Japan, the segment manufactures and sells surimi products (kamaboko, chikuwa, hanpen, kanikama, etc.), prepared foods, and marine delicacies, and also handles the import/export and domestic purchase and sale of marine products such as surimi and agricultural/livestock products (Trading Division). The business operates on two axes—retail (BtoC) and commercial use (BtoB)—and has consolidated its domestic supply structure by absorbing Kibun Nishi Nihon Co., Ltd. This core segment accounts for approximately 70% of consolidated net sales.
Recent Overview
Despite higher sales, segment profit fell sharply by 49.3% year on year due to surging raw material costs
Full-year net sales for FY2026 (ending March 2026) reached ¥78,167 million (up ¥1,185 million, or 1.5%, year on year), securing an increase in revenue. Sales volumes of kanikama, chikuwa, hanpen, and processed egg products increased throughout the year, and the Trading Division also performed well. On the other hand, in addition to rising prices for the main raw material, surimi, secondary raw materials such as eggs and vegetables and materials/packaging surged beyond expectations, and these cost increases could not be offset by higher sales, price revisions, and productivity improvements, resulting in a sharp decline in segment profit to ¥1,249 million (down ¥1,216 million, or 49.3%, year on year).
Key Products
Growth Drivers
- Market stimulation through TV commercials, character collaborations, and health-value-focused promotions centered on surimi products such as the kanikama product "The SURIMI" and chikuwa
- Continued growth in transactions of marine and agricultural products for food manufacturers and the food service industry in the Trading Division
- Promotion of productivity improvements and reduction of manufacturing losses through consolidation of production lines and SKUs
- Rationalization through consolidation and substitution of raw materials, and promotion of pricing strategies tailored to conditions
- Sales growth in the New Year sales season (osechi-related) through SNS and web-linked promotions
- Integration and efficiency gains in the domestic manufacturing and sales structure through the absorption-type merger with Kibun Nishi Nihon Co., Ltd.
Risks
- Sustained high manufacturing costs due to the continued rise in frozen surimi prices
- Price surges in secondary raw materials such as eggs and vegetables, and materials/packaging, exceeding expectations
- Decline in sales volume in the surimi products and prepared foods categories due to intensifying competition (especially following price revisions)
- Limits to the effectiveness of price revisions amid consumers' continued thrift-oriented spending
- Long-term risk of domestic market contraction due to Japan's declining population and aging society
- Expansion of impairment losses on fixed assets (¥192 million recorded in the Domestic Food Business for full-year FY2026, ending March 2026, approximately 2.4 times the prior year)
Last updated: June 23, 2026