OUG Holdings Inc.
(Correction) About the partial correction of the ‘First Quarter Financial Summary for the Fiscal Year ending March 2027’ decision summary materials
Consolidated earnings summary for the first quarter of the fiscal year ending March 2027 and segment-wise results are disclosed. Net sales of 88.1 billion yen, up 6.7% YoY, but ordinary income and net income attributable to owners of the parent decreased. Main factors include rising costs for seafood reception and off-market seafood wholesaling, and increased SG&A expenses. In the segments, farming (aquaculture) shows an increase, while the other two segments show a decrease. The correction includes a revision of the company name for the food processing business.
Key Figures
- Consolidated net sales: 881億円（ YoY +6.7% ）
- Ordinary income: 13億円（ YoY ▲8.2% ）
- Net income attributable to owners of the parent: 8億円（ YoY ▲12.2% ）
AI要約
Overview of the results
The consolidated results for the first quarter of the fiscal year ending March 2027 show net sales of 88.1 billion yen (up 6.7% YoY), while ordinary income was 1.3 billion yen and net income attributable to owners of the parent was 0.8 billion yen, both down. Among key segments, aquaculture profits rose, while seafood reception and off-market seafood wholesale faced cost increases that could not be fully reflected in selling prices, resulting in declines. As part of overseas expansion, the company commenced operations in Vietnam and strengthened collaboration with North American customers. Tuna Craft Works decided to construct a new large refrigerated warehouse. Considering the peak in the third quarter, the first quarter movement was relatively subdued.
Group strategy and financial position
The group, centered on three pillars—seafood reception, off-market wholesale, and aquaculture—will stay vigilant on external market trends and raw material cost fluctuations. Total assets increased in the first quarter, cash and deposits decreased, while inventories, payables, and borrowings rose. FX impact is not disclosed in the text. The company will continue to monitor the impact of rising resource costs.
OUG Holdings Co., Ltd.
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