Fiscal Year Ending March 2026 Q3 Financial Results Presentation

Overview of Performance

For the consolidated results of the third quarter of the fiscal year ending March 2026, net sales reached JPY 799.2 billion (106.3% YoY increase), operating income was JPY 13.8 billion (125.1% YoY increase), ordinary income was JPY 14.3 billion (112.9% YoY increase), and quarterly net income was JPY 7.7 billion (111.8% YoY increase), all marking record highs. The food-related business and the sugar powder & feed livestock-related business performed steadily, contributing to growth across profit items. EBITDA stood at JPY 23.3 billion (115.3% YoY increase). On the balance sheet side, total assets were JPY 462.1 billion (up JPY 62.7 billion from the previous fiscal year-end), and the equity ratio stood at 21.0% (down 1.3 percentage points YoY).

Segment Trends and Full-Year Outlook

By segment, net sales showed an increasing trend with the food-related business at JPY 614.2 billion and the sugar powder & feed livestock-related business at JPY 95.2 billion. Operating income increased to JPY 9.3 billion for the food-related business and JPY 3.3 billion for the sugar powder & feed livestock-related business. The full-year earnings guidance forecasts net sales of JPY 1,060 billion (105.3% YoY increase), operating income of JPY 19 billion (120.4% YoY increase), ordinary income of JPY 20 billion (113.8% YoY increase), and net income of JPY 10 billion (117.1% YoY increase), expecting profit growth. Net sales are projected to reach the final target one year ahead of schedule. The dividend policy aims to continue stable dividends, with a forecasted dividend of JPY 70 for the fiscal year ending March 2026.