Fiscal Year 2025 Earnings Presentation

Overview of Fiscal Year 2025 Results

Net sales for fiscal year 2025 were JPY 1,715.4 billion, representing a 1.1% increase year on year. In the Japanese market, sales volume declined, but net sales increased due to price revisions and improved product mix. In the APAC region, alcohol RTD sales in Oceania contributed positively, but sales volume declines in the beverage businesses in Vietnam and Thailand led to a decrease in net sales. In Europe, core brand sales remained strong mainly in the UK, resulting in higher net sales. Operating income declined 7.2% year on year to JPY 148.7 billion, impacted by increased costs and higher investments aimed at sustainable growth. Net income attributable to owners of parent decreased 5.1% year on year to JPY 88.7 billion.

Fiscal Year 2026 Earnings Forecast and Capital Policy

For fiscal year 2026, net sales are forecasted at JPY 1,826.0 billion (up 6.4% YoY) and operating income at JPY 155.0 billion (up 4.2% YoY), expecting both revenue and profit growth. Net income attributable to owners of parent is projected to be JPY 89.0 billion. The annual dividend is planned at JPY 120/share, with a projected dividend payout ratio of approximately 41.7%. While prioritizing growth investments, no additional shareholder returns will be implemented at this stage, aiming for sustainable expansion of returns. The company plans to strengthen its sustainable growth foundation through brand strategy, production capacity enhancement, and promotion of DEI and sustainability initiatives.