December 2025 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Operating Results

Consolidated net sales for the fiscal year ending December 2025 were JPY 34,771 million. Sales exceeded the previous year driven by steady demand in the candy category and growth in the gummy category across the market. Operating income was JPY 4,691 million, increasing due to higher sales despite increased costs related to the expansion of the Matsumoto plant. Net income was JPY 3,378 million, resulting in a positive figure due to the reduction of strategic shareholdings despite recording extraordinary losses.

Financial Position and Cash Flow Status

Total assets were JPY 33,607 million, net assets were JPY 18,984 million, and the equity ratio stood at 56.5%. Cash flow from operating activities increased by JPY 5,053 million, cash flow from investing activities decreased by JPY 5,248 million, and cash flow from financing activities decreased by JPY 526 million. The ending balance of cash and cash equivalents was JPY 4,261 million.

Dividend Status and Future Outlook

The annual dividend forecast for the fiscal year ending December 2026 is JPY 33 per share (interim dividend JPY 15, year-end dividend JPY 18), with an expected payout ratio of approximately 40.3%. For fiscal 2026, net sales are forecasted to be JPY 36.5 billion (5.0% increase), operating income JPY 4,880 million (4.4% increase), and net income attributable to owners of parent JPY 3,465 million (2.1% increase).