Notice Regarding Revision of Full-Year Consolidated Earnings Forecast, Difference Between Individual Earnings Outlook and Previous Fiscal Year Results, and Revision of Dividend Forecast (Dividend Increase)

Regarding Revision of Earnings Forecast

Marudai Food Co., Ltd. has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026, estimating net sales of 238,300 million yen (+0.1% from previous forecast), operating income of 7,500 million yen (+7.1%), ordinary income of 7,900 million yen (+6.8%), and net income attributable to owners of parent of 9,700 million yen (+7.8%). Net sales growth reflects softness in the ham and sausage segment offset by strong performance in processed foods, while operating income increased due to price revisions and cost reduction effects. The increase in net income is also supported by recorded gains on sales of investment securities.

Revision of Dividend Forecast and Shareholder Return Policy

The company regards shareholder returns as an important issue, with a basic policy of stable dividends and dividend increases aligned with earnings growth. The year-end dividend forecast for the fiscal year ending March 2026 has been increased by 5 yen to 70 yen from the previous forecast of 65 yen, aiming to maintain a total return ratio of over 30%. This dividend increase is based on the revised full-year earnings forecast and will be proposed as an agenda item at the 78th Annual General Meeting of Shareholders scheduled for June 2026.