Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative third quarter of the fiscal year ending March 2026, consolidated net sales were ¥254,522 million, a 0.4% decrease compared to the same period last year. Operating income increased by 2.7% to ¥10,006 million, and ordinary income was almost flat at ¥12,014 million. Meanwhile, net income attributable to owners of the parent company decreased by 14.0% to ¥8,943 million. Net sales declined due to decreases in the flour milling, oil manufacturing, and sugar categories of the food business, but the increase in the feed business sales helped to limit the overall decline. The increase in operating income was driven by improved cost control and efficiency enhancements.

Segment Performance and Financial Position

The food business faced a challenging environment due to rising logistics and labor costs, implementing appropriate pricing strategies, resulting in a 1.3% decrease in net sales year-over-year. The feed business saw a 3.5% increase in sales driven by price hikes despite reduced volume due to avian influenza impact. Other businesses recorded a 3.0% increase in sales. In terms of financial position, total assets increased by ¥21,745 million to ¥277,249 million, and net assets also rose to ¥149,371 million. The equity ratio stood at 52.5%, maintaining the same level as the prior year.