Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

In the cumulative consolidated period for the third quarter of the fiscal year ending March 2026, net sales reached 46,567 million yen (3.5% YoY increase). Domestic operations contributed with expanded sales of high value-added products such as “Koikeya Pride Potato,” driving net sales to 41,924 million yen (3.9% YoY increase); however, operating income declined to 2,499 million yen (12.1% YoY decrease) impacted by rising raw material costs, increased labor expenses, and higher manufacturing costs due to deteriorated potato quality. Overseas operations recorded net sales of 4,642 million yen (0.7% YoY decrease) and segment income of 420 million yen (6.0% YoY decrease). Despite cost increases, profitability has been improved through initiatives in markets including Taiwan, Vietnam, Thailand, and the United States.

Financial Position and Outlook

Total assets increased by 11,422 million yen from the previous consolidated fiscal year-end to 50,478 million yen, liabilities increased by 10,282 million yen to 29,927 million yen, and net assets rose by 1,140 million yen to 20,550 million yen, resulting in a decline of the equity ratio to 40.1%. The number of outstanding shares remains unchanged at 10,670,000 shares. There is no change to the full-year consolidated earnings forecast, which anticipates net sales of 61,000 million yen (2.7% increase YoY), operating income of 3,800 million yen (5.5% decrease YoY), and net income attributable to owners of parent of 2,400 million yen (7.3% decrease YoY). The company will continue efforts to reduce costs and improve logistics efficiency to enhance profitability.