Financial Summary for the Fiscal Year Ending November 2025 [Japanese GAAP] (Consolidated)

Financial Overview

In the fiscal year ending November 2025, the Kewpie Corporation Group recorded consolidated net sales of JPY 513,417 million, a 6.1% Year-over-Year increase, driven by growth in overseas operations, recovery in domestic egg product sales, and expansion in demand for cut vegetables. Operating income rose 0.9% to JPY 34,628 million despite pressure from soaring raw material costs and higher logistics expenses, supported by growth in overseas sales and successful domestic price revisions. Net income attributable to owners of parent increased substantially by 42.4% to JPY 30,506 million, aided by a special gain from the sale of factory land. By segment, overseas operations remained solid, while the Fruit Solutions and Fine Chemicals segments both achieved year-over-year increases in sales and profits.

Outlook and Dividend Policy

For the fiscal year ending November 2026, net sales are projected at JPY 530,000 million (3.2% Year-over-Year increase) and operating income at JPY 38,000 million (9.7% Year-over-Year increase). However, net income attributable to owners of parent is expected to decline to JPY 25,500 million (16.4% Year-over-Year decrease). The company will ensure that the benefits of new overseas factory investments are realized steadily, while domestically implementing price revisions, automation and digitalization initiatives, and business structure reforms. Annual dividends are forecasted at JPY 65 per share (interim dividend of JPY 32, year-end dividend of JPY 33), emphasizing sustainable corporate value enhancement and shareholder returns. Share buybacks will also be conducted flexibly.