Establishing a Sustainable Growth Cycle and Enhancing Corporate Value Through the New Medium-Term Management Plan

「Under Medium-Term Management Plan 2026 for fiscal 2024 through fiscal 2026, our Group had targeted final-year consolidated revenue of ¥120.3 billion and operating income of ¥6.0 billion. However, we revised the targets downward due to higher geopolitical risks not anticipated when the plan was formulated, disruption caused by U.S. trade policies, and lower income in the domestic and overseas food businesses resulting from soaring raw-material prices. The revised fiscal 2026 earnings outlook is revenue of ¥116.8 billion, operating income of ¥5.2 billion, ordinary income of ¥4.3 billion and net income attributable to owners of the parent of ¥2.5 billion.」

「Against this backdrop, in the second year of Medium-Term Management Plan 2026, our Group continues to pursue “growth strategies and new value creation” by ensuring growth in existing business areas and expanding its business domains, with the aim of “building a strong corporate structure capable of sustainable growth.” We are also focusing on “improving capital efficiency” through a profit structure that promotes growth and “strengthening the management foundation” supporting future growth. As a result, revenue for the six months ended September 30 was ¥48,864 million, an increase of ¥1,105 million, or 2.3%, year on year. However, due to increases in various raw-material costs, lower production efficiency accompanying lower sales in the overseas food business, and higher transportation and advertising expenses, operating loss was ¥413 million, a decline of ¥959 million year on year, and ordinary loss was ¥833 million, a decline of ¥1,274 million year on year.」

「Our Group formulated a new “Medium-Term Management Plan 2026” (“Plan 2026”), which started in April 2024. Plan 2026 aims to “build a strong corporate structure capable of sustainable growth.” To achieve this goal, we are pursuing “growth strategies and new value creation” by ensuring growth in existing business areas and expanding our business domains, while also working to “improve capital efficiency” through a profit structure that promotes growth and to “strengthen the management foundation” supporting future growth. We will expand operating cash flow, address ESG issues centered on the Group’s sustainable growth and the resolution of social issues, and strengthen corporate governance.」

「Under the medium-term management plan for fiscal 2024 through fiscal 2026, our Group aims to achieve consolidated revenue of ¥120.3 billion and operating income of ¥6.0 billion in the final year.」

「Against this backdrop, our Group has continued to promote initiatives under the medium-term management plan launched in April 2021 to establish a “sustainable growth cycle” through higher profitability and an improved financial position, while working to further enhance corporate value. As a result, revenue for the nine months ended December 31 increased by ¥292 million, or 0.4%, year on year to ¥82,063 million. Operating income was ¥3,869 million, an increase of ¥2,284 million, or 144.2%, year on year.」

「Against this backdrop, our Group has continued to promote initiatives under the medium-term management plan launched in April 2021 to establish a “sustainable growth cycle” through higher profitability and an improved financial position, while working to further enhance corporate value. As a result, revenue for the six months ended September 30 increased by ¥904 million, or 1.9%, year on year to ¥47,693 million. Operating income was ¥45 million, an increase of ¥832 million year on year, while ordinary loss was ¥46 million, an improvement of ¥703 million year on year.」

「Against this backdrop, our Group has continued to promote initiatives under the medium-term management plan launched in April 2021 to establish a “sustainable growth cycle” through higher profitability and an improved financial position, while working to further enhance corporate value.」

「As medium-term targets, we set a 15% overseas sales ratio, a 5% operating margin and a 40% equity ratio for fiscal 2026, the final year of the next medium-term management plan. As the first step, Medium-Term Management Plan 2023 focused on building the foundations for growth and profitability, with target figures of a 13% overseas sales ratio, a 4.2% operating margin and a 30% equity ratio. Based on the earnings outlook for fiscal 2023, the final year, the sales growth rate after reflecting the impact of the change in accounting standards, and the overseas sales ratio identified as a growth driver, are expected to exceed their targets. Operating margin and equity ratio, however, are expected to fall short of the medium-term targets, largely due to changes in macroeconomic conditions from those assumed when the plan was prepared, including the prolonged impact of COVID-19 on social activity and higher costs associated with geopolitical risks, although both are expected to exceed the previous consolidated fiscal year.」

「Under the medium-term management plan launched in April 2021, our Group has promoted initiatives based on the three management policies of “accelerating growth,” “improving management efficiency” and “strengthening the management foundation” to establish a “sustainable growth cycle” through higher consolidated group profitability and an improved financial position, while working to further enhance corporate value.」

「Against this backdrop, our Group has promoted initiatives under the medium-term management plan launched in April 2021, based on the three management policies of “accelerating growth,” “improving management efficiency” and “strengthening the management foundation,” to establish a “sustainable growth cycle” through higher consolidated group profitability and an improved financial position, while working to further enhance corporate value.」

「Under the medium-term management plan launched in April 2021, our Group has promoted initiatives based on the three management policies of “accelerating growth,” “improving management efficiency” and “strengthening the management foundation” to establish a “sustainable growth cycle” through higher consolidated group profitability and an improved financial position, while working to further enhance corporate value.」

「Against this backdrop, our Group launched a new medium-term management plan in April of the current fiscal year, promoted initiatives to establish a sustainable growth cycle through higher consolidated group profitability and an improved financial position, and worked to further enhance corporate value.」

「Against this backdrop, our Group launched a new medium-term management plan in April this year, promoted initiatives to establish a sustainable growth cycle through higher consolidated group profitability and an improved financial position, and worked to further enhance corporate value.」

「From April this year, we launched a new medium-term management plan and, based on the three management policies of “accelerating growth,” “improving management efficiency” and “strengthening the management foundation,” promoted initiatives to establish a sustainable growth cycle through higher consolidated group profitability and an improved financial position, while working to further enhance corporate value.」