Financial Summary for Q1 of Fiscal Year Ending December 2026 [IFRS] (Consolidated)

Summary of Results

For the cumulative consolidated period of Q1 fiscal 2026, revenue was JPY 67,564 million, a 0.6% increase year-on-year. However, segment profit decreased to JPY 3,438 million (25.8% YoY decline), operating income was JPY 4,124 million (14.6% YoY decline), and net income attributable to owners of parent was JPY 2,055 million (26.9% YoY decline). In the domestic processed foods segment, revenue and profits declined due to a drop in sales volume following price revisions prompted by rising raw material costs, along with increased sales promotion expenses. The international segment saw revenue growth due to the consolidation of Silbury Marketing Ltd as a subsidiary, but profit declined owing to price reductions for tomato paste.

Financial Position and Outlook

Total assets decreased to JPY 359,957 million compared to the previous fiscal year-end, mainly driven by a reduction in current assets. The acquisition of shares related to the consolidation of Silbury as a subsidiary led to a decrease in cash and cash equivalents. Liabilities declined to JPY 146,637 million, and the equity ratio attributable to owners of parent stood at 52.6%. The full-year consolidated earnings guidance remains unchanged with revenue expected at JPY 310 billion (5.3% YoY increase) and net income attributable to owners of parent forecasted at JPY 13.4 billion (9.5% YoY decrease). Although cost increases due to deteriorating conditions in the Middle East are a concern, any necessary revisions will be promptly disclosed.