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

Overview of Performance

Consolidated results for the third quarter of the fiscal year ending March 2026 recorded net sales of ¥1,108,591 million (5.1% increase YoY), mainly driven by increased sales of Australian beef in the meat division and higher unit prices for domestic chicken. Operating income rose significantly to ¥58,122 million (45.3% increase YoY), with the Ballpark business also contributing to profit growth due to increased attendance. Quarterly profit before tax was ¥53,658 million (23.9% increase YoY), and net income attributable to owners of parent was ¥33,577 million (15.2% increase YoY).

Segment Performance

The Processed Foods Division posted net sales of ¥400,255 million (1.3% decrease YoY) and operating income of ¥6,991 million (30.7% decrease YoY). While production volume increased at the North American subsidiary, declines in sales volume of ham and sausage products and lower factory utilization rates had a negative impact. The Meat Division performed strongly with net sales of ¥781,875 million (5.5% increase YoY) and operating income of ¥46,426 million (69.0% increase YoY). The Ballpark Business recorded net sales of ¥27,447 million (14.9% increase YoY) and operating income of ¥8,401 million (44.2% increase YoY), boosted by higher spectator numbers and expanded earnings.

Financial Position and Cash Flows

Total assets stood at ¥1,005,702 million (5.9% increase from previous fiscal year-end), and equity attributable to owners of parent was ¥539,278 million (2.9% increase). The equity ratio attributable to owners of parent was 53.6% (declined 1.6 percentage points). Cash flow from operating activities increased by ¥45,224 million, investing activities resulted in a decrease of ¥19,940 million, and financing activities decreased by ¥37,409 million, leaving cash and cash equivalents at ¥63,107 million.

Revision of Earnings and Dividend Forecasts

The consolidated full-year earnings and dividend forecasts for the fiscal year ending March 2026 have been revised based on recent performance trends. Net sales are forecasted at ¥1,440,000 million (5.1% increase YoY), operating income at ¥64,000 million (50.4% increase YoY), net income attributable to owners of parent at ¥34,000 million (27.9% increase YoY), and the annual dividend forecast is ¥160.00 (up from ¥135.00 in the previous fiscal year). For details, please refer to the separately published materials.