Financial Summary for the First Quarter of the Fiscal Year Ending September 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

For the first quarter of the fiscal year ending September 2026, consolidated results were net sales of 33,332 million yen (1.3% decrease Year-over-Year), operating income of 2,193 million yen (21.1% increase YoY), ordinary income of 2,086 million yen (145.4% increase YoY), and net income attributable to owners of parent of 1,209 million yen (799.7% increase YoY). The refrigerated warehouse business, despite increased depreciation expenses due to the start of operation of a new logistics center, achieved record-high net sales of 10,535 million yen (7.9% increase YoY) and operating income of 2,707 million yen (7.4% increase YoY) driven by increased handling volume and progress in negotiation for price revision. The food sales business, while recording a net sales decline to 22,789 million yen (5.0% decrease YoY) due to a profit-margin focused business structure transformation, posted a significant increase in operating income to 682 million yen (111.6% increase YoY).

Financial Position and Cash Flow Situation

Total assets amounted to 215,748 million yen, an increase of 6,713 million yen from the end of the previous fiscal year, and net assets rose to 84,399 million yen, up 1,981 million yen. The equity ratio remained almost flat at 38.3%. Cash flow from operating activities increased by 3,767 million yen, investing activities increased by 320 million yen, and financing activities decreased by 3,652 million yen. The main factors were net decrease in borrowings and dividend payments. The number of shares issued remained unchanged at 59,266,684 shares, with treasury stock slightly increasing to 272,676 shares. There were no revisions to earnings guidance.