Management Message

In the consolidated fiscal year under review,  the Japanese economy showed signs of gradual recovery, underpinned by improvements in the employment and income environment. However, the outlook remained uncertain due to factors such as the situation in the Middle East and other geopolitical risks, and sluggish growth in personal consumption caused by rising prices. 

 

Against this backdrop, the Matsuda Sangyo Group’s Precious Metals Business Segment worked to develop and utilize production bases both domestically and overseas, ensure the stable supply of precious metal materials, and boost sales of products as well as expand its industrial waste treatment outsourcing business, based on a strategy of differentiating itself through its comprehensive resource recycling capability and the development of high-performance electronic materials.

 

 In addition, the Food Business Segment made maximum use of its global procurement network to source products that meet diversifying customer needs and ensure stable supplies of safe and reliable food products, with the aim of increasing sales volumes. 

 

As a result of the above, for the consolidated fiscal year under review, net sales were ¥687,843 million (up 46.7% year on year) and operating profit was ¥22,437 million (up 77.0% year on year). Ordinary profit was ¥23,549 million (up 74.1% year on year) and profit attributable to owners of parent was ¥16,753 million (up 77.2% year on year). 

 

With the improvement in employment and income environments alongside the effects of various measures, the domestic economy is expected to continue recovering at a moderate pace. On the other hand, due to geopolitical risks such as the Middle East situation and the impact of inflation on the economy, among other factors, the outlook is expected to remain uncertain. 

 

Under these circumstances, we expect to see an improvement in the production situation alongside increased demand for AI data centers and a recovery in other demand in the electronic devices sector of the electronics industry, which is the main customer of the Precious Metals Business Segment.  We will continue to adapt to the needs of a circular society by leveraging our comprehensive resource recycling capability, strive to increase our precious metals recycling volume and product sales volume as well as secure and expand industrial waste treatment outsourcing.

 

In the Food Business Segment, while coping with concerns about the stable supply of food resources due to the risk of losing out in competitive procurement, we will further strengthen our global procurement capabilities including the utilization of overseas business sites, and to develop and ensure a stable supply of products rooted in the principles of safety and reliability while accurately reflecting customer needs. Through these efforts, we will differentiate the Food Business Segment, expand sales volume, and secure profits. 

With regard to the distribution of company profits, we have established the basic policy of meeting our shareholders’ expectations by paying stable and sustainable dividends, while giving consideration to maintaining a balance with internal resources for growth investment.

For the fiscal year under review, we plan to pay a year-end ordinary dividend of 50 yen per share. Combined with the interim dividend, this brings the full-year dividend to 100 yen per share.
For the next fiscal year, we forecast a full-year dividend of 110 yen per share (interim dividend of 55 yen and year-end dividend of 55 yen). Going forward, we will continue to work toward offering comprehensive shareholder returns based on the basic policy, while taking profit levels into account.

 

I would truly appreciate the continued support of our shareholders and investors.

 

 

March, 2026

President: Yoshiaki Matsuda