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

Performance Overview

For the consolidated cumulative period of the third quarter of the fiscal year ending March 2026, net sales amounted to 63,709 million yen (3.4% increase YoY), operating income was 4,380 million yen (8.1% increase YoY), ordinary income reached 5,266 million yen (6.5% increase YoY), and net income attributable to owners of parent for the quarter was 4,829 million yen (62.7% increase YoY). The domestic mushroom business showed steady results with net sales of 40,762 million yen (2.3% increase YoY) and segment profit of 4,502 million yen (7.8% increase YoY). The overseas mushroom business recorded net sales of 6,122 million yen (0.4% decrease YoY) and segment profit of 778 million yen (12.9% decrease YoY), showing regional variations. The processed foods business reported net sales of 6,189 million yen (2.5% decrease YoY) but improved segment profit of 468 million yen (28.8% increase YoY). The chemical products business performed well with net sales of 10,634 million yen (14.7% increase YoY) and segment profit of 466 million yen (67.2% increase YoY).

Financial Position and Outlook

Total assets increased to 115,084 million yen (7,464 million yen increase from the end of the previous period), and net assets rose to 62,062 million yen (5,253 million yen increase), resulting in an equity ratio increase to 53.9%. The increase in current assets was mainly due to higher notes and accounts receivable. Liabilities rose to 53,022 million yen (2,210 million yen increase) due to an increase in short-term borrowings. Losses of 119 million yen from a fire in October 2024 were recorded as special losses, with insurance proceeds of 1,896 million yen recorded as special gains. There are no revisions to the full-year earnings forecast, with expected net sales of 84,700 million yen, operating income of 5,830 million yen, and net income attributable to owners of parent of 5,760 million yen.