Ito En has lifted its forecast for the year ended April 2026, and the bigger shift is below the revenue line. The company is revising the full-year outlook it last set on January 27. Consolidated sales guidance rose 0.6% to 497,800 million yen from 495,000 million yen, but operating profit was raised 8.0% to 21,600 million yen, ordinary profit 10.5% to 23,200 million yen, and net profit attributable to parent 240.0% to 3,400 million yen from 1,000 million yen. Forecast earnings per ordinary share were revised to 26.29 yen from 5.46 yen.
That matters because Ito En's own explanation is not a simple demand rebound story. The company said the beverage market remained difficult, with raw-material and other costs still rising and consumers staying frugal. It also said green tea and other input costs remained high. What improved was profitability: the group cut total costs, including advertising and promotion, saw solid overseas performance led by North America and ASEAN, and booked foreign-exchange gains as the yen weakened more than assumed.
The source does not put a yen amount on each driver, which leaves an important limit on the upgrade. Cost cuts and overseas momentum point to better operating performance, while currency gains are a different kind of support than selling more drinks. So the new outlook says Ito En finished the year better than it expected, but it does not let readers assign exact credit between margin work, overseas business and foreign exchange.
The revised numbers are better, but not a full return to the previous year's earnings profile. Sales would rise above the prior year's 472,716 million yen, and ordinary profit would edge past the prior 22,973 million yen. Operating profit, however, remains below the previous year's 22,969 million yen, and net profit at 3,400 million yen remains far below the previous 14,156 million yen. The dramatic 240.0% increase in the net-profit forecast also starts from a very low earlier target of 1,000 million yen, so the percentage jump is real but flattered by the base.
The parent-only forecast points in the same direction. Ito En trimmed non-consolidated sales guidance by 0.5% to 341,300 million yen from 343,000 million yen, yet raised operating profit to 12,400 million yen from 11,000 million yen, ordinary profit to 15,800 million yen from 14,000 million yen, and net profit to 1,400 million yen from 400 million yen. Forecast earnings per ordinary share were lifted to 8.93 yen from 0.25 yen. That pattern, lower standalone sales but higher profit, reinforces that the revision is more about margins and other support than a late surge in domestic revenue. Ito En said the revised outlook is based on information currently available, and actual results may still differ.