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

Performance Overview

In the first quarter of the fiscal year ending December 2026, consolidated net sales amounted to JPY 333.672 billion (up 4.7% YoY), operating income was JPY 18.328 billion (up 9.0% YoY), ordinary income was JPY 18.789 billion (up 13.5% YoY), and net income attributable to owners of parent for the quarter was JPY 11.931 billion (up 8.7% YoY). The food business, which is the core segment, achieved sales exceeding the previous year across all categories including bread, sweet bread, Japanese confectionery, Western confectionery, prepared bread and rice products, and confectionery, rice crackers and other products. The distribution business recorded a net sales increase of 101.5% YoY, but operating loss expanded due to rising costs such as personnel expenses. The other businesses also posted both higher sales and profits.

Financial Position and Future Outlook

Although total assets at the end of the first quarter decreased to JPY 915.96 billion compared to the previous period end, net assets increased to JPY 513.597 billion, improving the equity ratio to 50.5%. Price revisions for certain products are planned for shipments from July 1, 2026, aiming to enhance quality and strengthen product offerings by price range. There is no change to the full-year earnings forecast, with expected net sales of JPY 1,338 billion (up 2.0% YoY), operating income of JPY 64 billion (up 4.7% YoY), and net income attributable to owners of parent of JPY 42.5 billion (up 3.9% YoY). Continued efforts will focus on improving performance through the application of quality improvement technologies and reinforcement of occupational health and safety management systems.