Fiscal Year Ending June 2027 First Quarter Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

For the consolidated cumulative first-quarter period, revenue was 11,568 million yen (up 136.9% YoY), operating income was 1,623 million yen (up 41.2% YoY), ordinary income was 1,491 million yen (up 119.7% YoY), and net income attributable to owners of parent for the quarter was 1,088 million yen (up 125.9% YoY). The primary drivers were robust demand in Southeast Asia, recovery in sales volume of domestic processed products, and the effect of price revisions that increased sales. However, in the overseas processing business, margin deterioration occurred because cost increases for raw materials were not fully passed through to prices. By segment, domestic processing, overseas processing, and overseas wholesale contributed to results; the aquaculture business faced cost increases but overall remained steady.

Outlook and Financial Position

There is no revision to consolidated earnings forecasts at this time. Financial position is stable with total assets of 64,070 million yen, net assets of 20,759 million yen, and an equity ratio of 32.4%. A key factor going forward is the possibility that elevated raw material costs will persist, and the challenge will be to pass cost increases through to selling prices via price revisions and other measures. Dividend forecasts by period have not been published in the full-year guidance, but recent dividend payments were 4.00 yen at the end of FY2026, and FY2027 is expected to total 9.00 yen (4.00 yen + 4.00 yen + 4.00 yen).