Announcement of Calbee Group Growth Strategy “Accelerate the Future” Formulation

Overview of Growth Strategy

Calbee Group has formulated the "Accelerate the Future" growth strategy aiming for realization by 2035. Based on the achievements and challenges of the previous strategy "Change2025," the period from the fiscal year ending March 2027 to the fiscal year ending March 2031 is positioned as the growth investment phase, and from the fiscal year ending March 2032 to the fiscal year ending March 2036 as the value creation phase. The Group will promote enhancement of added value in its domestic core business and aggressive investment in growth areas centering on North America, aiming for portfolio transformation and strengthening resilience. Strengthening corporate governance is also positioned as a crucial issue.

Challenges and Future Initiatives

The review of Change2025 highlighted progress in strengthening profitability, improving brand value, and qualitative expansion of the domestic core business, while issues were pointed out such as insufficient improvement of overseas business profitability, inadequate investment in growth areas, and underutilization of group functions. Going forward, the Group aims to enhance corporate value through concentrated growth investments, realization of discontinuous growth, strengthening of human capital leveraging DX and AI, and promotion of sustainable management. Shareholder returns are planned to continue stable dividend increases with targets of DOE 4% and total payout ratio above 50%.