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

Overview of Business Performance

For the consolidated results in the third quarter of the fiscal year ending March 2026, net sales were JPY 837,577 million (1.1% increase YoY), and operating income was JPY 29,377 million (5.5% increase YoY), achieving both higher sales and profits. On the other hand, ordinary income decreased to JPY 29,248 million (5.7% decrease YoY), and net income attributable to owners of parent declined to JPY 17,500 million (24.7% decrease YoY). The equity ratio was 30.7%, down from 33.7% in the same period last year. On January 1, 2026, a stock split was executed at a ratio of 3 shares for every 1 common share, and this was reflected in the earnings per share calculation.

Revisions to Earnings Forecast and Dividend

The full-year consolidated earnings forecast for the fiscal year ending March 2026 was revised upward for net income attributable to owners of parent from JPY 17,500 million to JPY 19,500 million. The forecasts for net sales, operating income, and ordinary income remain unchanged. Earnings per share was revised to JPY 128.99. The dividend forecast was also increased to JPY 24.00 for the year-end dividend. Due to the impact of the stock split, the aggregate annual dividend amount is not presented as a simple sum.

Segment Information and Business Combination

By segment, the Food Distribution business accounted for the majority of net sales. Each segment’s sales and profits were generally flat or slightly increased compared to the same period last year. On January 13, 2026, a non-controlling interest stake in subsidiary Seafood Connection Holding B.V. was additionally acquired, making it a wholly-owned subsidiary. The acquisition amount was JPY 8,773 million (EUR 47,528 thousand), processed in accordance with business combination accounting standards.