Notice Regarding Differences in and Revision of Full-Year Consolidated Earnings Forecasts

Revisions to Results and Causes

This document reports the differences between forecasted and actual results for the consolidated cumulative second quarter of the fiscal year ending March 2027 and revisions to the full-year earnings forecasts. Interim net sales were below initial forecasts. Although the processed foods business’s high-value-added product Mirai performed well, the removal of unprofitable products and price adjustments to restore profitability led to reduced production and sales volumes. Sharp increases in raw material prices, higher logistics, labor and energy costs, and rising borrowing costs negatively affected profitability, causing operating and ordinary income to fall substantially short of previous forecasts. Conversely, a gain on sale of investment securities of 475 million yen was recorded as a special gain, resulting in interim net income exceeding the previous forecast. The full-year forecast has been revised based on the progress of business restructuring measures and initiatives with business partners.

Outlook and Impact for Shareholders

Although the full-year earnings forecast has been revised, the effects of the business restructuring measures are expected to materialize substantially from the third quarter onward. Attention should be paid to changes in market conditions and cost factors, and final results may fluctuate depending on future movements in raw material, logistics and labor costs.