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

Overview of Performance

For the third quarter of the fiscal year ending March 2026, consolidated results recorded net sales of 104,311 million yen (up 34.9% YoY), operating income of 6,186 million yen (up 43.6% YoY), ordinary income of 6,369 million yen (up 7.4% YoY), and net income attributable to owners of parent for the quarter of 24,907 million yen (up 609.1% YoY). The substantial increase in net income attributable to owners of parent is due to the recognition of a 20,598 million yen gain on step acquisitions associated with the consolidation of TH FOODS, INC. The increase in sales was driven by growth in key brands in the domestic rice cracker business and the restructuring of the North American strategy following the full acquisition of TH FOODS, INC. Operating income increased due to price revisions in the domestic rice cracker business and steady performance in overseas operations; however, the food business saw a decline in profits impacted by upfront investments and rising raw material costs.

Segment Performance Trends

The domestic rice cracker segment posted net sales of 55,281 million yen (up 4.2% YoY) and operating income of 4,164 million yen (up 15.4% YoY), supported by strengthening six key brands and price revisions. The overseas business achieved significant growth with net sales of 37,149 million yen (up 196.0% YoY) and operating income of 1,540 million yen (up 3,384.7% YoY), driven by the consolidation effect of TH FOODS, INC. The food segment experienced a decline with net sales of 6,153 million yen (down 0.8% YoY) and operating income of 232 million yen (down 46.7% YoY), yet it remains focused on growth fields such as long-term preserved foods, rice flour bread, and plant-based lactic acid bacteria products.