Supplementary Materials for the Financial Results for the Second Quarter of the Fiscal Year Ending June 2026

Overview of the Second Quarter Results for the Fiscal Year Ending June 2026

Consolidated net sales for the second quarter of the fiscal year ending June 2026 totaled 18.77 billion JPY, up 1.69 billion JPY (+9.9% YoY). Despite a decline in sales volume in the overseas processing business, overall performance remained strong due to increased selling prices of the flagship domestic processed salmon roe products. Consolidated operating income was 2.03 billion JPY, up 340 million JPY (+20.4% YoY). The increase absorbed rises in selling and administrative expenses, including higher personnel costs associated with business expansion and increased storage fees due to product inventory growth, demonstrating profit growth alongside sales increases. Ordinary income rose by 566 million JPY (+34.6% YoY) to 2.201 billion JPY. Net income attributable to owners of parent increased by 330 million JPY (+29.6% YoY) to 1.445 billion JPY.

Segment Trends and KPIs for Growth

Domestic aquaculture volume is planned at 4,300 tons for the 2026 season, an increase of 800 tons compared to 2025. The acclimation process (transition from land-based to sea-based aquaculture) completed as scheduled by the end of last year. Sales in the overseas wholesale business reached 6.56 billion JPY by Q2, corresponding to 50.6% of the budget, progressing steadily towards the full-year plan of 12.9 billion JPY. By segment, domestic processing business posted significant increases in both sales and profit, while the overseas wholesale business continues to grow in a favorable market environment. Meanwhile, the aquaculture business saw a slight decline in profits due to increased costs and production adjustments.