FY2026 Q3 Financial Results Briefing Materials

Performance Overview

Net sales for the third quarter remained flat at 700 billion yen compared to the previous year. Operating income was 39.5 billion yen, an increase of 1.2 billion yen YoY, progressing generally in line with the full-year plan. The processed foods and cold storage logistics businesses expanded, while the marine products and livestock products businesses saw declines in net sales due to structural reforms. Although operating income decreased by 1.2 billion yen cumulatively, the third quarter alone turned to increased profitability.

Segment Performance Trends

The processed foods business posted net sales of 251.3 billion yen (up 6% YoY), but operating income declined by 2.5 billion yen, unable to fully absorb rises in raw material and procurement costs. The cold storage logistics business showed solid growth with net sales of 225.3 billion yen (up 8% YoY) and operating income of 15.3 billion yen (up 2.8 billion yen YoY). The marine products business reported net sales of 38.4 billion yen (down 17% YoY) and operating income of 1.3 billion yen (up 0.2 billion yen YoY), reflecting ongoing structural reforms. The livestock products business experienced declines with net sales of 38.5 billion yen (down 27% YoY) and operating income of 0.6 billion yen (down 0.4 billion yen YoY). Overseas operations recorded net sales of 172.3 billion yen (up 4% YoY) and operating income of 2.5 billion yen (up 0.2 billion yen YoY), securing both revenue and profit growth.

Full-Year Plan and Outlook

The revised full-year plan from Q2 remains unchanged, targeting net sales of 700 billion yen, operating income of 39.5 billion yen, and net income of 28 billion yen. Although the food business is expected to be less profitable, growth in the cold storage logistics business is planned to drive overall profit increases. Measures to improve profit margins will focus on price revision effects, cost reductions, and promotion expense controls.