Notice of Revision to Earnings Guidance

Overview of Revision to Earnings Guidance

Marudai Food Co., Ltd. has revised its consolidated earnings guidance for the fiscal year ending March 2027. Net sales are forecast at 243,000 hundred million yen, operating income at 4,000 hundred million yen, ordinary income at 4,400 hundred million yen, net income attributable to owners of parent at 4,400 hundred million yen, and earnings per share at 183.34 yen. These figures represent a downward revision compared with the previous guidance, with particularly notable reductions in operating income, ordinary income and net income. The shortfall in first-half results relative to initial expectations, a decline in sales in the processed foods segment and increased costs are the main causes. There is no change to the dividend forecast.

Factors Affecting Results and Outlook

Higher market prices in the meat business continued to support sales through increased unit prices, but delays in implementing price revisions in the processed foods business and reduced sales volumes in some categories have pressured profitability. Going forward, realization of the effects of price revisions and recovery in sales volumes will be key, and cost control and improvements in unit price factors, taking into account the first-half shortfall, will be important. The company indicates there is no impact on dividends.