Consolidated Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 (Japanese GAAP)

Overview of Business Results

For the third quarter of the fiscal year ending March 2026, consolidated sales increased to 241,958 million yen (1.1% increase YoY). However, operating income declined to 14,937 million yen (15.6% decrease YoY) due to higher raw material costs and consumers’ cautious spending amid inflation. Ordinary income and net income attributable to owners of the parent also declined. By segment, the Spice and Seasoning Processed Foods business reported sales nearly flat YoY, with operating income down 12.1%. The Health Foods business posted declines in both sales and profits, the Overseas Foods business showed slight increases in sales and profits, the Foodservice business recorded higher sales but lower profits, and Other Food-related businesses experienced declines in both sales and profits.

Financial Position and Outlook

Total assets stood at 433,870 million yen, slightly decreased from the prior fiscal year-end, while the equity ratio remained stable at 67.4%. Treasury stock acquisition increased the number of treasury shares. There is no change to the dividend forecast; an annual dividend of 48 yen per share is planned. The full-year earnings forecast for the fiscal year ending March 2026 remains unchanged, with net sales projected at 321,500 million yen (1.9% increase YoY), operating income of 19,000 million yen (5.0% decrease YoY), and net income attributable to owners of parent of 13,000 million yen (4.1% increase YoY).