Notice Regarding Differences Between Forecast and Results for the Cumulative Second Quarter and Revision of Full-Year Consolidated Earnings Forecast for Fiscal Year Ending March 2027

Revision of Earnings Forecast and Background

Yamatane Corporation revised its full-year forecast for the fiscal year ending March 2027 in light of differences between the forecast and results for the cumulative second-quarter period disclosed on May 13, 2026. Net sales were reduced from the prior forecast of 98,560 hundred million yen to 86,400 hundred million yen; operating income from 4,110 million yen to 100 million yen; ordinary income from 3,610 million yen to -380 million yen; and net income attributable to owners of parent from 4,400 million yen to 3,500 million yen. Factors include lower-than-planned sales volumes for rice wholesale sales, declines in selling prices, sales at a loss for the 2025 rice crop, and recognition of inventory valuation losses.

Outlook and Risk Factors

From the third quarter onward, further declines in selling prices and reductions in sales volumes are expected, taking into account the impact of rice sales at a loss. Although strength in other company segments and processed food wholesale channels, as well as increased gains from reduction of policy-held shares, are anticipated, full-year results are expected to progress on the downwardly revised assumptions.