FUJI CO.,LTD.

During the interim consolidated accounting period, the Group primarily operated a retail business centered on supermarkets, managing a store network mainly in Japan that combines brands including “F = Fuji,” “FG = Fujigrand,” “MV = MaxValu” and “M = Marunaka.” The Group is expanding its private-label product offering, promoting initiatives involving locally produced products, appealing to customers through an everyday low-price (EDLP) strategy, developing and selling its own original products emphasizing local flavors and local production for local consumption, and pursuing store strategies including remodeling and scrap-and-build projects. It is also expanding its sales routes through mobile supermarkets, with a cumulative total of 100 stores, 151 vehicles and 826 routes. Under its medium- to long-term management plan, the Group has identified “implementing and advancing the medium-term management plan,” “strengthening sales capabilities” and “reforming the cost structure” as priority policies for the final year of its three-year medium-term management plan for fiscal years 2024-2026, and is seeking to create integration synergies by establishing task forces to advance initiatives through collaboration among its organizations. In addition to seeking to improve revenue and profit through store remodeling, new store openings and expansion of its mobile supermarket operations, the Group continues to reform its cost structure. From the third quarter onward, it plans to continue strengthening sales capabilities and reforming costs.