Risks of Natural Disasters, Infectious Diseases, Regulatory Changes, War and Terrorism, and Other Events

「¥1.2 billion impact from the Shiretoko fire.」

「A fire occurred on 9 November 2025 at the Shiretoko Food Factory of Japan White Farm Co., Ltd., a consolidated subsidiary of the company. The loss related to the fire for the current consolidated fiscal year is included under "Other expenses" in the consolidated statement of profit or loss.」

「A fire occurred on 9 November 2025 at the Shiretoko Food Factory of Japan White Farm Co., Ltd., a consolidated subsidiary of the company. The impact of this event on operating results and financial position is currently under investigation, and it is difficult at present to reasonably estimate the amount of losses and other effects related to the fire.」

「The Group has production, manufacturing, logistics, sales, research and development, and other facilities in Japan and overseas and conducts business activities globally. If a major natural disaster associated with an earthquake, fire or climate change, or a major infectious disease such as COVID-19 occurs, damage to facilities or difficulties in securing personnel could result in suspended operations, delays in production and shipments, restrictions on sales activities and other consequences, potentially affecting the Group's operating results and financial position.」

「Meanwhile, as global monetary tightening continued, a downturn in overseas economies posed a risk factor weighing on the domestic economy. The situation remained uncertain because close attention was required to the effects of rising prices, supply constraints, instability in financial and capital markets, and the infection situation in China.」

「Meanwhile, as global monetary tightening continued, a downturn in overseas economies posed a risk of weighing on the domestic economy. The situation remained uncertain because close attention was required to the effects of rising prices, supply constraints, and volatility in financial and capital markets.」

「Meanwhile, the situation remained uncertain amid concerns about the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, as well as rising raw material prices, supply constraints, and the rapid depreciation of the yen resulting from higher interest rates in other countries.」

「Social and economic activity is gradually moving toward normalization due to the increasing penetration of vaccinations and other factors, but the company recognizes that the situation remains uncertain because of the emergence and transmission of variants.」

「During the first 3 quarters of the current consolidated fiscal year, Japan's economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased, although concerns have recently emerged over a renewed spread of infections due to variants.」

「Although the prolonged state of emergency and priority preventive measures have left the outlook uncertain, particularly due to the continued weakness of business-use products caused by declining food-service demand, some positive signs, including signs of recovery in certain areas, have emerged.」

「In this industry, consumer products have remained firm due to increased demand for at-home consumption and stockpiling since the state of emergency was declared in April last year, while there have also been some positive signs, such as a gradual recovery in weak business-use products caused by declining food-service demand. However, the outlook remains uncertain.」

「In this industry, since the declaration of a state of emergency in April, consumer products have continued to grow due to increased demand for at-home consumption and stockpiling, while business-use products have struggled because of weak food-service demand. The declaration of another state of emergency in January has raised concerns that these conditions will persist for even longer.」

「In the additional information section of the securities report for the previous consolidated fiscal year, the company had assumed that the impact of COVID-19 would continue for approximately six months from the end of the previous consolidated fiscal year and then gradually subside. However, in light of recent circumstances, it remains difficult to say that the impact is gradually subsiding. Accordingly, the company revised its initial assumptions regarding the impact of COVID-19 and reconsidered, as accounting estimates and assumptions, that the impact would continue for a certain period from the end of the current second-quarter consolidated accounting period and then gradually subside.」

「As for revenue, the Asian and European businesses were below the previous year because sales volumes in Thailand continued to decline and the COVID-19-related downturn in the food-service industry in China and Vietnam persisted for an extended period.」

「As for revenue, the Asian and European businesses were below the previous year because sales volumes in Thailand continued to decline and the food-service industry in China and Vietnam suffered a sharp downturn in the fourth quarter due to COVID-19.」

「Meanwhile, the economic environment remained uncertain, including the outlook for the global economy, policy-related uncertainty and developments in trade issues.」

「Meanwhile, the economic environment remained uncertain, including the outlook for the global economy, policy-related uncertainty and developments in trade issues.」

「Meanwhile, the economic environment remained uncertain, including the outlook for the global economy, policy-related uncertainty and developments in trade issues.」

「The Group conducts business activities in countries around the world, including Japan. These operating regions are exposed to the risk of the following events occurring.」

「As for profit, operating profit fell 28.1% year on year to ¥21,422 million, profit before tax fell 24.6% to ¥23,173 million, and quarterly profit attributable to owners of the parent fell 20.6% to ¥16,371 million, mainly because inventory write-downs and impairment losses on property, plant and equipment occurred at the logistics center in the Kansai region and the chicken production facility in the Iburi region of Hokkaido as a result of Typhoon No. 21 and the Hokkaido Eastern Iburi Earthquake.」

「Meanwhile, the economic environment remains uncertain, including exchange-rate volatility arising from the outlook for the global economy and policy-related uncertainty, as well as developments in trade issues.」

「Meanwhile, the economic environment remains uncertain, including exchange-rate volatility arising from the outlook for the global economy, geopolitical risks and policy-related uncertainty.」

「Meanwhile, the economic environment remains uncertain, including the impact of financial and capital market volatility arising from the outlook for the global economy and policy-related uncertainty.」

「The Group conducts business activities in countries around the world, including Japan. These operating regions are exposed to the risk of the following events occurring.」

「The Group conducts business activities in countries around the world, including Japan. These operating regions are exposed to the risk of the following events occurring.」