Financial Presentation Materials for Fiscal Year Ending February 2026 (March 1, 2025 – February 28, 2026)

Performance Overview

In the fiscal year ending February 2026, revenue was 233,833 million yen, operating income was 7,441 million yen, ordinary income was 7,414 million yen, and net income attributable to owners of parent was 5,339 million yen, all marking record highs. Despite recording a special loss of 560 million yen related to a fire at the Sapporo plant, significant profit growth was achieved due to increased revenue and cost absorption. Operating profit margin improved to 3.2%, and ROE reached a high level of 9.2%.

Business Segment Trends

The food-related business secured increased revenue and profit with sales of 209.9 billion yen and operating income of 7.0 billion yen thanks to domestic factors. The food ingredient business saw declines with sales of 11.1 billion yen and operating income of 480 million yen. The logistics business recorded increased profit with sales of 12.6 billion yen and operating income of 930 million yen. Increases in manufacturing costs were offset by product specification reviews and reduced factory reorganization expenses, resulting in a total operating income increase of 2.92 billion yen compared to the previous year.

Earnings Forecast for Fiscal Year Ending February 2027 and Mid-term Strategy

For the fiscal year ending February 2027, revenue is forecasted at 241,000 million yen (3.1% YoY increase), operating income at 7,700 million yen (3.5% YoY increase), ordinary income at 7,650 million yen (3.2% YoY increase), and net income at 4,800 million yen (10.1% YoY decrease). The forecast factors in a 6 billion yen revenue decrease, 330 million yen decrease in operating income, and 530 million yen decrease in ordinary income due to the fire impact at the Sapporo plant. The mid-term management plan targets revenue of 250 billion yen, operating income of 10 billion yen, and ROE above 10% in the fiscal year ending February 2028, promoting factory reorganization and optimization, product development, and expansion in overseas markets.

Shareholder Return Policy

The company maintains stable and continuous dividends with a payout ratio benchmark of 40%. The dividend payout ratio for the fiscal year ending February 2026 was 39.0%, with a forecast of 43.3% for the fiscal year ending February 2027. Shareholder returns will continue while considering consolidated earnings and internal reserves for business expansion investments.