Notice of Revision to Full-Year Consolidated Earnings Guidance for the Fiscal Year Ending March 2027

Revision of Earnings Guidance and Background

KENKO Mayonnaise Co.,Ltd. resolved at a board meeting held today to revise its full-year consolidated earnings guidance for the fiscal year ending March 2027. The revised guidance is net sales of 95,700 hundred million yen, operating income of 2,390 million yen, ordinary income of 2,590 million yen, net income attributable to owners of parent of 1,760 million yen, and earnings per share of 122.20 yen. Compared with the previous forecast, this represents a substantial downward revision overall. The background includes increases in raw material prices (edible oils and eggs), energy costs, logistics costs, and labor costs; efforts to absorb these through price revisions have lagged, and continued impacts from higher packaging material prices and energy costs have contributed to the downgrade.

Outlook and Dividend Policy

While it is expected to take a considerable amount of time to fully absorb the current cost increases within this fiscal year, the company expects to be able to absorb these cost increases in the next fiscal year. The stable dividend policy using DOE as an indicator remains as described. Attention will be on progress of earnings recovery and any decisions to maintain or revise the dividend policy.