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

Overview of Performance

For the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to 344,120 million yen (3.0% increase YoY), operating income was 6,962 million yen (9.3% decrease YoY), ordinary income was 8,770 million yen (1.0% increase YoY), and net income attributable to owners of parent was 6,363 million yen (5.7% increase YoY). Expansion of domestic and overseas meat-related businesses, strengthening of export brands, and promotion of sustainable business operations are progressing.

Performance Trends by Business Segment

Net sales in the meat-related business were 341,642 million yen (3.0% increase YoY), with net sales in the meat segment at 269,932 million yen (2.7% increase YoY), and processed foods at 63,777 million yen (6.4% increase YoY). Meanwhile, the ham and sausage segment decreased to 6,533 million yen (10.9% decrease YoY). Export business performed well driven by promotion of dedicated brands 'AKUNE GOLD' and 'AOMORI GOLD'.

Financial Condition and Dividend

Total assets were 201,790 million yen, net assets were 93,398 million yen, with a capital adequacy ratio of 46.3%. The annual dividend forecast for the fiscal year ending March 2026 is 43.00 yen, a decrease from 110.00 yen in the previous fiscal year, reflecting a stock split.

Outlook

The full-year earnings forecast for the fiscal year ending March 2026 anticipates net sales of 450,000 million yen (3.2% increase YoY), operating income of 9,400 million yen (3.9% increase YoY), and net income attributable to owners of parent of 8,000 million yen (34.4% decrease YoY). While taking into account the impact of the stock split, the company plans to strengthen its overseas business and supply chain.