Notice of Revision to Earnings Guidance (Fiscal Year Ending March 2027 — Q2 Interim)

Overview of Revision to Earnings Guidance

Marudai Food Co., Ltd. has revised its consolidated earnings guidance for the second quarter (interim) of the fiscal year ending March 2027. Net sales are expected to be 121,700 hundred million yen, operating income 1,450 million yen, ordinary income 1,700 million yen, net income attributable to owners of parent for the interim 1,500 million yen, and net income per share for the interim 62.43 yen. All indicators have fallen significantly compared with the previous forecast, primarily due to cost increases including raw material costs, a decline in sales volumes of processed foods, and delays in the progress of price revisions. The full-year consolidated earnings guidance is currently under review and is scheduled to be announced concurrently with the Q2 financial summary to be released on November 9, 2026.

Background and Outlook

Although there are moves to implement price revisions while monitoring market trends, it will take time for their effects to materialize, and sales volumes declined in certain categories such as ham and sausages. As a result, operating income, ordinary income, and net income are expected to fall short of the previous forecast. The full-year guidance will be re-evaluated based on the progress of price revisions and raw material trends and will be announced together with the financial summary released on November 9.