#Nichirei

Mr. Kazunori Shimamoto will assume the position of Representative Director and President (CEO) effective April 1, 2026, and Mr. Kenya Ōgushi will become Representative Director and Chairman. After the June 2026 Annual General Meeting of Shareholders, Mr. Hiroyuki Mori ai will be newly appointed as Director and Senior Executive Officer (COO).

For the third quarter of the fiscal year ending March 2026, consolidated net sales were JPY 537,666 million (0.5% YoY increase), operating income was JPY 30,529 million (3.9% YoY decrease), and net income attributable to owners of parent for the quarter was JPY 21,858 million (6.2% YoY increase).

Nichirei Corporation has resolved to increase capital in its newly established U.S. Delaware subsidiary, Nichirei Global Foods, LLC. Capital is planned to increase significantly from USD 1,000 to approximately USD 105.7 million, with phased investments scheduled between March and September 2026.

Nichirei Corporation resolved to change its fiscal year-end from March 31 to December 31 annually, contingent upon approval of partial amendment to the Articles of Incorporation. Consequently, the 109th fiscal term will be a 9-month accounting period.

Net sales of 700 billion yen (flat year-on-year), operating income of 39.5 billion yen (increase of 1.2 billion yen YoY), and net income attributable to owners of parent of 28 billion yen (increase of 3.3 billion yen YoY), progressing in line with the full-year plan.

By resolution of the Board of Directors on January 8, 2026, the offering price for the Company's shares was set at ¥1,791.0 per share, with a total offering amount of approximately ¥29.96 billion, and an overallotment of 2,508,900 shares to be offered at the same price.

Nichirei Corporation resolved at the Board of Directors meeting on January 8, 2026, to offer 16,726,400 shares of its common stock, aiming to restructure the shareholder base and reduce capital costs.

Starting from the record date at the end of March 2026, shareholders holding 500 shares or more will be eligible to receive a shareholder benefit consisting of a selection of the Company's group products based on the number of shares held and the length of continuous ownership.