Global expansion centered on Asia and contribution to earnings

「In Vietnam, we are working to upgrade our business operating structure and strengthen our competitiveness in order to reinforce our earnings base and achieve medium- to long-term growth. Specifically, we will promote the localization of personnel and strengthen differentiation by introducing Japanese technologies.」

「In Vietnam, we will work to establish a higher production capacity by expanding manufacturing facilities, expand our sales areas by appointing new distributors, expand our manufacturing footprint through contract manufacturing, and increase sales to major dairy companies. In India, we will work to improve production efficiency and feed quality and optimize the business operating structure.」

「In Vietnam, we will work to establish a higher production capacity by expanding manufacturing facilities, expand our sales areas by appointing new distributors, expand our manufacturing footprint through contract manufacturing, and increase sales to major dairy companies. In India, we aim to increase earnings by strengthening our sales capabilities through additional sales personnel for fish feed and expanding sales in growing areas.」

「In our feed manufacturing and sales businesses in Vietnam and India, we will increase sales volumes and expand profits by strengthening the sales structure through additional sales personnel, expanding sales territories, and introducing products that accurately address customer needs. We will also improve production efficiency and increase capacity through proactive capital investment.」

「In the overseas business, we will strengthen the local business foundations in Vietnam and India, where we already operate, expand and enhance production and sales activities overseas, centered on Asia, and aim to contribute to the Group's earnings.」

「In the overseas business, we will strengthen the local business foundations in Vietnam and India, where we already operate, expand and enhance production and sales activities overseas, centered on Asia, and aim to contribute to the Group's earnings.」

「In the overseas business, we will strengthen the local business foundations in Vietnam and India, where we already operate, expand and enhance production and sales activities overseas, centered on Asia, and aim to contribute to the Group's earnings.」

「In our feed manufacturing and sales businesses in Vietnam and India, we aim to increase sales volumes by launching new products tailored to customer needs and strengthening our sales structure. We will also seek to reduce costs, including labor costs, through proactive capital investment.」

「In the overseas business, we will strengthen the local business foundations in Vietnam and India, where we already operate, expand and enhance production and sales activities overseas, centered on Asia, and aim to contribute to the Group's earnings.」

「In the overseas business, we will strengthen the local business foundations in Vietnam and India, where we already operate, expand and enhance production and sales activities overseas, centered on Asia, and aim to contribute to the Group's earnings.」

「During the first quarter of the current consolidated fiscal period, NIPPAI SHALIMAR FEEDS PRIVATE LIMITED, previously an unconsolidated affiliated company to which the equity method was not applied, became an affiliated company accounted for under the equity method due to its increased materiality.」

「Going forward, we will effectively apply knowledge accumulated in Japan to overseas business activities and build a global business structure that generates profit. Following our existing operations in Vietnam and India, we will promote business expansion centered on Asia, where further market growth is expected.」

「Going forward, we will effectively apply knowledge accumulated in Japan to overseas business activities and build a global business structure that generates profit. Following our existing operations in Vietnam and India, we will promote business expansion centered on the Asian region, where further market growth is expected.」

「Going forward, we will effectively apply knowledge accumulated in Japan to overseas business activities and build a global business structure that generates profit. Following our existing operations in Vietnam and India, we will promote business expansion centered on the Asian region, where further market growth is expected.」

「Going forward, we will effectively apply knowledge accumulated in Japan to overseas business activities and build a global business structure that generates profit. Following our existing operations in Vietnam and India, we will promote business expansion centered on the Asian region, where further market growth is expected.」

「Going forward, we will effectively apply knowledge accumulated in Japan to overseas business activities and build a global business structure that generates profit. Following our existing operations in Vietnam and India, we will promote business expansion centered on Asia, where further market growth is expected.」