Why did Kibun Foods cut guidance after Q3?

Management cited weaker profitability due to cost pressure and soft overseas surimi demand. While sales grew, margins compressed, so the company reset FY2026 profit guidance, now implying a 29% year-on-year decline in ordinary income and about a 34% reduction versus its prior plan. This aligns expectations with current market conditions.

Is the dividend safe after the Kibun Foods dividend cut?

The year-end dividend was set at ¥20, reduced by ¥3.5 from the plan. With interest coverage near 5.4x and a current ratio around 1.06, liquidity looks adequate. Still, net leverage near 3.8x and weaker profits suggest a cautious stance. Future dividends likely track earnings and free cash flow improvements.

How might the stock trade in the near term?

With guidance cut and a lower payout, sentiment may stay cautious. Technically, price sits near the Bollinger middle band, with support around ¥1,080 and resistance near ¥1,125 to ¥1,130. We expect range-bound trade until margin trends, overseas demand, or pricing actions show clear improvement.

What could improve the outlook for Kibun Foods?

Easing input costs, a pickup in overseas surimi orders, and effective pricing or mix upgrades would help margins. A steadier yen could also support procurement costs. Clear evidence of profit stabilization could reopen room for dividend growth and a re-rating from current valuation levels.

Global Market Insights

2933.T Stock Today, February 15: Guidance Cut and Dividend Trim After Q3

ByHuzaifa Zahoor February 15, 2026February 15, 2026

Kibun Foods dividend cut is front and center for Japan investors today. After Q3 results on February 12, Kibun Foods (2933.T) reported revenue growth but sharp profit declines, lowered FY2026 profit guidance by about 34% versus its prior plan, and set the year-end dividend at ¥20. Management flagged margin pressure and soft overseas demand for surimi products. The shares recently traded near ¥1,097, close to the Bollinger middle band. We break down what the guidance reset and dividend change mean for valuation, cash returns, and sentiment in Japan food stocks.