Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the third quarter of the fiscal year ending March 2026, consolidated net sales reached JPY 537,666 million (0.5% YoY increase), showing a slight increase. Meanwhile, operating income was JPY 30,529 million (3.9% YoY decrease), and ordinary income was JPY 31,354 million (5.2% YoY decrease), both declining. However, net income attributable to owners of parent for the quarter rose to JPY 21,858 million (6.2% YoY increase). By segment, net sales for the Food segment were JPY 321,257 million, Cold Storage Logistics segment JPY 225,302 million, and Real Estate segment JPY 3,729 million. Operating income was JPY 14,868 million for Food, JPY 15,270 million for Cold Storage Logistics, and JPY 1,433 million for Real Estate.

Outlook and Changes in Accounting Policies

There are no changes to the full-year consolidated earnings forecasts, with net sales projected at JPY 700,000 million (0.3% YoY decrease), operating income at JPY 39,500 million (3.1% YoY increase), and net income attributable to owners of parent at JPY 28,000 million (13.2% YoY increase). Regarding accounting policies, depreciation method changed from declining balance to straight-line and useful lives were revised, resulting in a JPY 2,788 million increase in operating income and others for the cumulative third quarter period. A stock split (1 share → 2 shares) was executed on April 1, 2025, and earnings per share are calculated based on post-split figures.