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

Overview of Financial Performance

During the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to 158.102 billion yen (up 0.4% YoY), operating income was 4.423 billion yen (up 63.4% YoY), ordinary income was 4.98 billion yen (up 56.9% YoY), and net income attributable to owners of parent for the quarter was 3.721 billion yen (up 57.0% YoY). In the feed segment, profit increased due to higher sales volume and improvement in profit margins from lower raw material prices. In other segments, sales of eggs and fertilizer businesses grew profits, while livestock equipment saw a decline in profit due to the reactionary impact of large overseas projects.

Financial Position and Future Outlook

Total assets increased by 7.017 billion yen from the end of the previous fiscal year to 108.6 billion yen, liabilities rose by 4.172 billion yen to 38.237 billion yen, and net assets increased by 2.844 billion yen to 70.362 billion yen. The equity ratio was 64.7%, down 1.7 points from the previous year. The number of shares outstanding remained unchanged at 30,371,908 shares. There is no change to the dividend forecast, which is set at 60 yen annually. The earnings forecast for the fiscal year ending March 2026 also remains unchanged. Furthermore, the sale of fixed assets in Yokohama City, Kanagawa Prefecture, is scheduled for April 2026, expecting to record approximately 3.1 billion yen of special gains in the first quarter of the fiscal year ending March 2027.