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

Performance Overview

For the nine months ended December 31, 2025 (FY March 2026 Q3 cumulative period), net sales were ¥51,251 million, up 9.9% year-over-year. The increase was mainly due to higher sales in the sugar business. However, operating loss in the sugar business worsened to ¥1,182 million from a loss of ¥831 million in the prior year period, leading to an expanded operating loss overall. Net income attributable to owners of parent was ¥577 million, down 88.4% year-over-year, due to a decline in extraordinary income. By segment, sugar business net sales rose 14.9% YoY to ¥36,468 million, food business increased 4.9% to ¥2,125 million, feed business decreased 1.3% to ¥9,168 million, agricultural materials business declined 4.0% to ¥1,741 million, real estate business fell 9.5% to ¥862 million, and other businesses rose 9.5% to ¥883 million.

Financial Position and Dividend Status

Total assets increased ¥12,375 million from the previous consolidated fiscal year-end to ¥113,590 million, mainly due to increases in current assets. Net assets increased ¥365 million to ¥74,195 million, and the equity ratio stands at 65.3%. Regarding dividends, the annual dividend forecast for FY March 2026 is ¥160.00 (comprising a year-end dividend of ¥80.00 and a special dividend of ¥80.00), representing an increase from ¥80.00 in the prior fiscal year.

Full-Year Earnings Forecast for Fiscal Year Ending March 2026

The consolidated full-year earnings forecast for FY March 2026 anticipates net sales of ¥69,000 million (up 6.5% YoY), operating loss of ¥400 million, ordinary income of ¥300 million (down 73.3% YoY), and net income attributable to owners of parent of ¥4,700 million (up 73.8% YoY). The earnings forecast revision was announced on February 13, 2026.