Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated) (Completion of Interim Review by Auditing Firm)

Overview of Business Performance

During the first nine months of the fiscal year ending March 2026, consolidated net sales increased to 653.955 billion yen (YoY 101.0%), while operating income decreased to 37.498 billion yen (YoY 95.0%) and ordinary income declined to 41.295 billion yen (YoY 98.5%). Net income attributable to owners of parent was 22.921 billion yen (YoY 75.1%), affected by the recording of impairment loss on fixed assets in the India East segment. In the flour milling business, ramp-up costs associated with the operation of the Mizushima plant in Japan and decreased shipments in overseas flour businesses contributed to the profit decline; however, the food business and the prepared meals & deli business remained steady.

Financial Condition and Future Outlook

Total assets amounted to 850.015 billion yen (increase from previous fiscal year-end), and net assets totaled 528.526 billion yen (increase from previous fiscal year-end). Liabilities also increased, but the equity ratio remained at 59.9%. The full-year consolidated earnings forecast for the fiscal year ending March 2026 remains unchanged, with net sales projected at 870.0 billion yen (102.2% YoY), operating income at 47.0 billion yen (101.3% YoY), and net income attributable to owners of parent at 30.0 billion yen (86.5% YoY). The annual dividend is planned at 60 yen, with a dividend payout ratio of 57.4% (51.1% excluding extraordinary factors). Share buybacks are also progressing to enhance ROE and increase corporate value.