#NichirinCoLtd

For the fiscal year ending December 2025, consolidated net sales amounted to 73,668 million yen (3.2% increase YoY), operating income was 9,060 million yen (1.3% decrease YoY), and net income attributable to owners of parent was 5,514 million yen (10.6% decrease YoY).

Revised the year-end dividend forecast for the fiscal year ending December 2025 from 164 yen to 176 yen. The year-end dividend is raised to 94 yen, maintaining an annual dividend of 176 yen.

Formulated the new medium-term management plan 'NICHIRIN Flow Engineering Challenge 2030' for 2026 to 2028. The 2028 targets include net sales of 90 billion yen, operating income of 10 billion yen, and ROE of over 10%.

In fiscal 2025, sales reached 73,668 million yen, achieving the plan, and operating income of 9,060 million yen was roughly on target. From 2026 to 2028, the company aims to maintain ROE above 10% and PBR above 1.0x, targeting a payout ratio of 45% and establishing a 4 billion yen share buyback program.

From the fiscal year ending December 2026, the consolidated payout ratio target will be raised from 40% to 45%, and the share buyback framework for 2026 to 2028 will be expanded to a total of 4 billion yen, revising the shareholder return policy.

As of March 27, 2026, changes to the Audit & Supervisory Board member, establishment of new departments, and reassignment of executives will be implemented to strengthen the organization and promote regional strategy.

Our related company, Taiyo Koko Co., Ltd., owns 23.65% of our voting rights. Although the representative director and a director of Taiyo Koko concurrently serve as our directors and auditor, there are no constraints on our business activities.