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 were net sales of JPY 465,761 million (YoY -0.8%), operating income of JPY 14,618 million (YoY -10.3%), ordinary income of JPY 16,638 million (YoY -5.8%), and net income attributable to owners of parent for the quarter of JPY 22,142 million (YoY +77.4%). Net sales increased in the dairy products segment but declined in beverages and desserts. Operating income decreased due to price revisions and cost increase measures; however, net income attributable to owners of parent significantly rose due to gains on the sale of policy holdings and other factors.

Segment Performance and Financial Position

The dairy products segment recorded net sales of JPY 199,457 million (YoY +0.8%) and operating income of JPY 7,568 million (YoY +5.7%), supported by strong sales of butter and fats & oils. The beverages and desserts segment posted net sales of JPY 199,370 million (YoY -2.2%) and operating income of JPY 3,614 million (YoY -34.8%), affected by price revisions and discontinued products. Financially, total assets stood at JPY 432,618 million, net assets at JPY 237,743 million, and equity ratio at 54.2%. Net assets declined due to treasury stock acquisitions.