OUG Holdings Inc.

The company covered by this report is a corporate group centered on the distribution of seafood. Its core business is seafood receiving, complemented by off-market seafood wholesaling, aquaculture, food processing, logistics, leasing, seafood intermediary wholesaling and seafood retailing. The Group comprises 16 subsidiaries and 3 affiliates, and reports the following business segments: Seafood Receiving, Off-Market Seafood Wholesaling, Aquaculture, Food Processing, Logistics and Other. For the 3-year period from 2024 to 2026, the medium-term management plan, OUG Group Medium-Term Management Plan 2024, sets out a unified Group-wide approach toward its final year, fiscal 2026, centered on strengthening the fresh fish business, enhancing product capabilities, deepening and expanding the Kanto market, expanding overseas operations, and pursuing sustainable business activities. The targets for fiscal 2026, the final year of the plan, were net sales of ¥355,000 million, operating income of ¥4,600 million, ordinary income of ¥4,800 million, return on equity (ROE) of 8.0% and return on invested capital (ROIC) of 5.0%. Actual results for fiscal 2026 were net sales of ¥363,666 million, operating income of ¥6,335 million, ordinary income of ¥6,811 million, ROE of 14.0% and ROIC of 7.5%, achieving all targets. Sustainability is positioned as a policy encompassing governance, strategy, risk management, and metrics and targets. The Group identifies climate change, fishery resources, marine plastics, food loss and waste reduction, the provision of safe and reliable food, diversity and human resources, among others, as materialities.