Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : Nissui Corporation Listing : Tokyo Stock Exchange Securities code : 1332 URL : https://www.nissui.co.jp Representative : Teru Tanaka Inquiries : Kunihiro Toyoda Telephone : + 81-3-6206-7037 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes August 6 , 2026 FASF Representative Director , President & CEO General Manager of Corporate Strategic Planning & IR Department ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to Net sales Three months ended June 30 , 2026 Millions of yen % 257,283 14.1 Operating profit Millions of yen 12,435 % 20.9 Ordinary profit Millions of yen 11,670 owners of parent June 30 , 2025 Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : 225,485 2.2 10,281 5.7 10,268 % 13.7 ( 11.7 ) Millions of yen % 7,439 14.3 6,508 ( 11.7 ) ¥ 11,493 million - % ] ¥ ( 623 ) million [ - % ] Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30 , 2026 24.53 20.94 June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 Total assets Net assets Equity - to - asset ratio Millions of yen 782,619 749,509 Millions of yen 315,916 % 39.1 309,943 40.0 As of June 30 , 2026 : ¥ 305,636 million As of March 31 , 2026 : ¥ 300,121 million March 31 , 2026 Reference : Equity 1
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2 2 2 2 2. . . . .C C C C Ca a a a as s s s sh h h h hd d d d di i i i iv v v v vi i i i id d d d de e e e en n n n nd d d d ds s s s s Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 14.00 - 18.00 32.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 16.00 - 16.00 32.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3 3 3 3 3. . . . .C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d df f f f fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l lr r r r re e e e es s s s su u u u ul l l l lt t t t tf f f f fo o o o or r r r re e e e ec c c c ca a a a as s s s st t t t ts s s s sf f f f fo o o o or r r r rt t t t th h h h he e e e ef f f f fi i i i is s s s sc c c c ca a a a al l l l ly y y y ye e e e ea a a a ar r r r re e e e en n n n nd d d d di i i i in n n n ng g g g gM M M M Ma a a a ar r r r rc c c c ch h h h h3 3 3 3 31 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7( ( ( ( (f f f f fr r r r ro o o o om m m m mA A A A Ap p p p pr r r r ri i i i il l l l l1 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6t t t t to o o o oM M M M Ma a a a ar r r r rc c c c ch h h h h3 3 3 3 31 1 1 1 1, , , , ,2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7) ) ) ) ) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 1,000,000 7.4 42,500 5.1 43,000 (0.4) 29,000 5.4 95.62 Note: Revisions to the financial result forecast most recently announced: Yes * * * * *N N N N No o o o ot t t t te e e e es s s s s (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies( ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 305,265,402 shares As of March 31, 2026 312,430,277 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,967,113 shares As of March 31, 2026 9,158,448 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 303,271,745 shares Three months ended June 30, 2025 310,822,700 shares (Note) Nissui has introduced the “Board Benefit Trust-Restricted Stock (BBT-RS)” as a performance-linked share-based compensation plan. Shares of the Company held by the trust are included in treasury shares deducted in calculating the number of treasury shares at the end of the period and the average number of shares outstanding during the period. The number of such shares was 1,007,526 at the end of the period, and the average number during the period was 561,372. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None 2
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* Proper use of earnings forecasts, and other special matters The performance forecasts in this report are based on information available at present and certain premises thought to be reasonable. Accordingly, the results may change substantially due to various factors. For conditions from which the premises for the forecasts were derived and the other noteworthy items relating to the use of the forecasts, please refer to (3) Outlook on page 8 under 1. Qualitative Information for the First Quarter of the Fiscal Year Ending March 31, 2027. The supplementary material on financial results has been disclosed on TDnet on the same date. 3
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1. Qualitative Information for the first quarter of the fiscal year ending March 31, 2027 (1) Explanation of Consolidated Financial Results During the first quarter of the fiscal year under review, the Japanese economy continued to recover moderately, supported by improvements in employment and income conditions and steady capital investment. However, the outlook remained uncertain due to increased geopolitical risks, particularly in the Middle East, fluctuations in resource prices and foreign exchange rates, and continued inflation. Regarding the global economy (from January to March), the U.S. economy remained resilient, supported by capital investment, although growth in consumer spending slowed. In Europe, U.S. tariff policies and other factors weighed on exports, and economic activity remained somewhat weak. Under the Medium-Term Management Plan “GOOD FOODS Recipe 2,” the Group is reinforcing its business portfolio by pursuing growth in international business, advancement of the aquaculture business, and turnaround of unprofitable operations. During the first quarter of the fiscal year under review, the Food Products Business faced challenges due mainly to rising raw material prices. However, solid performance in the Marine Products Business and Fine Chemicals Business offset this. Under these circumstances, the consolidated operating results were as follows: net sales were 257,283 million yen, up 31,797 million yen year-on-year; operating profit was 12,435 million yen, up 2,153 million yen year-on-year; ordinary profit was 11,670 million yen, up 1,402 million yen year-on-year; and profit attributable to owners of parent was 7,439 million yen, up 930 million yen year-on-year. The summary by segment is as follows. (Unit: million yen) Net sales Increase /Decrease (Y-on-Y) Y-on-Y Operating profit Increase /Decrease (Y-on-Y) Y-on-Y Marine Products 107,677 21,272 124.6 % 5,437 2,287 172.6 % Food Products 138,217 9,514 107.4 % 8,437 (365) 95.9 % Fine Chemicals 3,871 758 124.4 % 523 501 2,348.5 % General Distribution 4,212 138 103.4 % 522 (38) 93.1 % Other (Note) 3,304 113 103.6 % 175 120 322.7 % Common Costs － － － % (2,661) (352) 115.3 % Total 257,283 31,797 114.1 % 12,435 2,153 120.9 % Note: “Other” refers to Engineering (planning, design, construction of plants and equipment) business, Ship Operation Business, etc. (Unit: million yen) Net sales Operating profit Ordinary profit Profit attributable to owners of parent 1Q of FY2026 257,283 12,435 11,670 7,439 1Q of FY2025 225,485 10,281 10,268 6,508 Difference 31,797 2,153 1,402 930 Y -on-Y (%) 114.1% 120.9% 113.7% 114.3% 4
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(1) Marine Products Business The Marine Products Business is engaged in the fishery, aquaculture, and seafood processing and trading businesses. <Overview of the first quarter of the consolidated fiscal year> The Marine Products Business recorded net sales of 107,677 million yen, up 21,272 million yen year on year, and operating profit of 5,437 million yen, up 2,287 million yen year on year. Fishery Business: Both sales and profit increased year on year. [Japan] Sales and profit increased due to solid catches of Japanese jack mackerel and higher selling prices for sardines and chub mackerel. Aquaculture Business: Sales increased but profit decreased year on year. [Japan] Although the tuna business was affected by higher feed prices, increased sales volumes of Japanese amberjack and coho salmon resulted in higher sales and profits. [South America] Although the aquaculture performance and sales of trout salmon remained solid, a newly consolidated subsidiary was still in the process of improving its profitability. As a result, sales increased but profit decreased. Processing and Trading Business: Both sales and profit increased year on year. [Japan] Higher sales volumes of Japanese amberjack, as well as higher selling prices for salmon and trout, fish oil, and fish meal, resulted in higher sales and profits. [North America] In the processing business, higher sales volumes and selling prices of Pacific cod and crab contributed to the results. In the trading business, higher sales volumes of salmon and trout and higher selling prices of Pacific cod also contributed. As a result, sales and profits increased. [Europe] Although sales volume decreased, selling prices remained firm, and foreign exchange effects also contributed, resulting in higher sales and profits. (2) Food Products Business The Food Products Business is engaged in the food processing and chilled foods businesses. <Overview of the first quarter of the consolidated fiscal year> The Food Products Business recorded net sales of 138,217 million yen, up 9,514 million yen year on year, and operating profit of 8,437 million yen, down 365 million yen year on year. Processed Foods Business: Both sales and profit increased year on year. [Japan] Although price revisions implemented in response to higher raw material costs had a positive effect, a decline in sales volume, together with higher surimi raw material prices, resulted in higher sales but lower profit. [North America] For household use, sales to club stores and other channels remained firm, resulting in higher sales and profits despite the impact of increased depreciation associated with the new plant. For food service, sales remained firm, resulting in higher sales, while profit decreased due to higher raw material prices. Overall, sales increased, but profit decreased. [Europe] For household use, sales remained firm, led by core chilled products. Despite the impact of increased depreciation associated with the plant expansion and higher raw material prices, foreign exchange effects also contributed, resulting in higher sales and profits. For food service, strong sales resulted in higher sales and profits. 5
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Chilled Foods Business: Both sales and profit decreased year on year. Sales and profit decreased, partly due to a reactionary decline following the sales promotion measures implemented by convenience stores in the previous fiscal year. (3) Fine Chemicals Business The Fine Chemicals Business is engaged in manufacturing and selling pharmaceutical raw materials, functional raw materials (Note 1), and functional foods (Note 2). <Overview of the first quarter of the consolidated fiscal year> The Fine Chemicals Business recorded net sales of 3,871 million yen, up 758 million yen year on year, and operating profit of 523 million yen, up 501 million yen year on year. Domestic sales of pharmaceutical raw materials and functional raw materials for supplements remained firm, resulting in higher sales and profits. (4) General Distribution Business The General Distribution Business is engaged in cold storage, transportation, and customs clearing business. <Overview of the first quarter of the consolidated fiscal year> The General Distribution Business recorded net sales of 4,212 million yen, up 138 million yen year on year, and operating profit of 522 million yen, down 38 million yen year on year. Profit decreased due to higher costs, including increased personnel expenses. (Note 1) EPA, DHA, and others mainly used as ingredients in health supplements and infant formula. (Note 2) Supplements such as “Sesame soy milk” functional food and “i -mark S,” food for specified health uses (FOSHU), mainly for online business. (2) Explanation of the Consolidated Financial Position State of assets, liabilities, and net assets (Unit: million yen) FY2025 1Q of FY2026 Increase/Decrease Current assets 376,084 399,482 23,397 (Inventories) 224,278 223,436 (842) Non-current assets 373,425 383,137 9,712 Total assets 749,509 782,619 33,109 Current liabilities 276,416 285,583 9,167 Non-current liabilities 163,149 181,119 17,969 Total liabilities 439,566 466,703 27,136 Total net assets 309,943 315,916 5,972 Assets Total assets increased by 33,109 million yen to 782,619 million yen compared to the end of the previous consolidated fiscal year (up 4.4%). Current assets increased by 23,397 million yen to 399,482 million yen (up 6.2%). This was mainly due to an increase of 10,045 million yen in cash and deposits and an increase of 9,889 million yen in notes and accounts receivable–trade, reflecting higher sales and other factors. Non-current assets increased by 9,712 million yen to 383,137 million yen (up 2.6%). This was mainly due to an increase of 7,224 million yen in property, plant and equipment as a result of capital investments and other factors. 6
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Liabilities Total liabilities increased by 27,136 million yen from the end of the previous consolidated fiscal year to 466,703 million yen (up 6.2%). Current liabilities increased by 9,167 million yen to 285,583 million yen (up 3.3%). This was mainly due to an increase of 16,779 million yen in short-term borrowings, partially offset by a decrease of 2,987 million yen in provisions and a decrease of 2,919 million yen in notes and accounts payable–trade. Non-current liabilities increased by 17,969 million yen to 181,119 million yen (up 11.0%). This was mainly due to an increase of 16,023 million yen in long-term borrowings. Net Assets Total net assets increased by 5,972 million yen to 315,916 million yen compared to the end of the previous consolidated fiscal year (up 1.9%). This was mainly due to posting a profit attributable to owners of parent of 7,439 million yen, payment of dividends of 5,466 million yen, and an increase of 2,437 million yen in foreign currency translation adjustment resulting from the yen’s depreciation. 7
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(3) Outlook We have revised the previously announced net sales forecast upward, reflecting revisions to the assumed exchange rates and the solid performance of the Marine Products Business. We have left the previously announced operating profit forecast unchanged, as the negative impact of higher costs arising from the situation in the Middle East, rising raw material prices in the Food Products Business, and challenging conditions in the South American aquaculture business is expected to be offset by the domestic fishery business and overseas trading operations. Accordingly, we have also revised the segment performance forecasts. Revision of Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027 (April 1, 2026 – March 31, 2027) (Unit: million yen) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share (Yen per share) Previous forecast (A) 980,000 42,500 43,000 29,000 95.62 yen Revised forecast (B) 1,000,000 42,500 43,000 29,000 95.62 yen Difference (B-A) 20,000 0 0 0 - Change 2.0% 0 0 0 - Reference: Actual results (FY2025) (C) 931,265 40,430 43,187 27,517 90.17 yen Difference (B-C) 68,735 2,069 (187) 1,482 - Change vs. FY2025 107.4% 105.1% 99.6% 105.4% - 8
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Revision of Segment Performance Forecast for the Fiscal Year Ending March 2027 (April 1, 2026 – March 31, 2027) Reference: (Unit: million yen) Previous forecast (A) Revised forecast (B) Difference (B-A) Actual results (FY2025) (C) Difference (B-C) Net sales 980,000 1,000,000 20,000 931,265 68,735 Marine Products 407,400 422,400 15,000 380,151 42,248 Food Products 520,600 525,600 5,000 500,985 24,614 Fine Chemicals 17,400 17,400 0 16,982 417 General Distribution 17,700 17,700 0 16,615 1,084 Others 16,900 16,900 0 16,531 368 Operating profit 42,500 42,500 0 40,430 2,069 Marine Products 21,600 21,900 300 17,770 4,129 Food Products 27,800 27,500 (300) 29,632 (2,132) Fine Chemicals 1,850 1,850 0 839 1,010 General Distribution 2,600 2,600 0 2,410 189 Others 150 150 0 499 (349) Common costs (11,500) (11,500) 0 (10,720) (779) 9
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2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 20,222 30,267 Notes and accounts receivable - trade 115,669 125,558 Merchandise and finished goods 112,832 113,972 Work in process 49,355 50,877 Raw materials and supplies 62,090 58,586 Other 16,453 20,760 Allowance for doubtful accounts (539) (541) Total current assets 376,084 399,482 Non-current assets Property, plant and equipment Buildings and structures, net 91,873 90,116 Other, net 126,584 135,565 Total property, plant and equipment 218,458 225,682 Intangible assets Goodwill 4,051 3,876 Aquaculture Concessions 21,033 21,479 Other 12,900 12,768 Total intangible assets 37,985 38,124 Investments and other assets Investment securities 35,003 35,440 Shares of subsidiaries and associates 54,289 56,026 Long-term loans receivable 9,700 9,691 Retirement benefit asset 281 284 Deferred tax assets 3,314 2,962 Other 15,739 16,268 Allowance for doubtful accounts (1,348) (1,343) Total investments and other assets 116,981 119,330 Total non-current assets 373,425 383,137 Total assets 749,509 782,619 10
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 78,481 75,561 Short-term borrowings 128,003 144,782 Commercial papers 5,000 9,000 Income taxes payable 6,170 3,669 Accrued expenses 31,678 30,876 Provisions 5,235 2,248 Other 21,846 19,444 Total current liabilities 276,416 285,583 Non-current liabilities Bonds payable 10,000 10,000 Long-term borrowings 120,934 136,958 Provisions 182 366 Retirement benefit liability 6,281 6,497 Other 25,751 27,298 Total non-current liabilities 163,149 181,119 Total liabilities 439,566 466,703 Net assets Shareholders' equity Share capital 30,685 30,685 Capital surplus 21,573 16,767 Retained earnings 190,353 192,325 Treasury shares (6,571) (1,715) Total shareholders' equity 236,041 238,063 Accumulated other comprehensive income Valuation difference on available-for-sale securities 16,581 16,926 Deferred gains or losses on hedges 70 1,069 Foreign currency translation adjustment 48,224 50,662 Remeasurements of defined benefit plans (796) (1,085) Total accumulated other comprehensive income 64,080 67,572 Non-controlling interests 9,822 10,280 Total net assets 309,943 315,916 Total liabilities and net assets 749,509 782,619 11
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(2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 225,485 257,283 Cost of sales 187,754 214,706 Gross profit 37,730 42,576 Selling, general and administrative expenses 27,448 30,141 Operating profit 10,281 12,435 Non-operating income Interest income 132 145 Dividend income 155 136 Share of profit of entities accounted for using equity method 441 1,441 Subsidy income 21 57 Miscellaneous income 126 107 Total non-operating income 877 1,888 Non-operating expenses Interest expenses 712 1,932 Foreign exchange losses 139 289 Miscellaneous expenses 39 429 Total non-operating expenses 891 2,652 Ordinary profit 10,268 11,670 Extraordinary income Gain on sale of non-current assets 22 79 Total extraordinary income 22 79 Extraordinary losses Loss on disposal of non-current assets 141 71 Impairment losses - 18 Loss on valuation of investment securities 4 - Loss on sale of shares of subsidiaries and associates - 207 Loss on disaster 181 - Total extraordinary losses 327 298 Profit before income taxes 9,963 11,451 Income taxes - current 2,508 2,878 Income taxes - deferred 427 541 Total income taxes 2,936 3,419 Profit 7,027 8,032 Profit attributable to non-controlling interests 518 592 Profit attributable to owners of parent 6,508 7,439 12
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 7,027 8,032 Other comprehensive income Valuation difference on available-for-sale securities (0) 356 Deferred gains or losses on hedges (783) 517 Foreign currency translation adjustment (5,951) 1,882 Remeasurements of defined benefit plans, net of tax 115 (263) Share of other comprehensive income of entities accounted for using equity method (1,031) 968 Total other comprehensive income (7,651) 3,461 Comprehensive income (623) 11,493 Comprehensive income attributable to Comprehensive income attributable to owners of parent (1,159) 10,931 Comprehensive income attributable to non-controlling interests 536 561 13
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(3) Notes on Quarterly Consolidated Financial Statements (Notes on Going Concern) Not applicable. (Notes Regarding Significant Changes in the Amount of Shareholders’ Equity) (Cancellation of treasury shares) Based on a resolution adopted at the meeting of the Board of Directors held on May 14, 2026, the Company cancelled treasury shares on May 28, 2026. As a result, treasury shares and capital surplus each decreased by 5,217 million yen during the first quarter of the current consolidated fiscal year. (Segment Information, etc.) I. First quarter of the previous consolidated fiscal year (from April 1, 2025 to June 30, 2025) 1. Information on net sales and profit (loss) by reportable segment (Unit: million yen) Marine Products Food Products Fine Chemicals General Distribution Total Sales (1) Sales to third parties 86,404 128,703 3,112 4,074 222,295 3,190 225,485 － 225,485 4,298 1,326 100 3,501 9,227 161 9,388 (9,388) － T otal 90,703 130,029 3,213 7,575 231,522 3,351 234,873 (9,388) 225,485 Segment income 3,150 8,802 22 561 12,536 54 12,590 (2,308) 10,281 Other (Note1) Total Adjustment (Note 2) Consolidated (Note 3) (2) Inter-segment sales and transfers Reportable segments (Note) 1. The “Other” segment includes shipbuilding and repair, ship operation, engineering, and other businesses not included in the reportable segments. 2. The (2,308) million yen segment income adjustment comprises 48 million yen in inter-segment eliminations and (2,356) million yen in corporate expenses not allocated to the segments. Corporate expenses are mainly comprised of selling, general, and administrative expenses not allocated to the segments. 3. Segment income is reconciled to operating profit in the quarterly consolidated statement of income. 2. Information regarding impairment loss on non-current assets and goodwill by reportable segment (Significant impairment loss on non-current assets) Not applicable. (Significant changes in the amount of goodwill) Not applicable. (Significant gain on negative goodwill) Not applicable. 14
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II. First quarter of the current consolidated fiscal year (from April 1, 2026 to June 30, 2026) 1. I nformation on net sales and profit (loss) by reportable segment (Unit: million yen) Marine Products Food Products Fine Chemicals General Distribution Total Sales (1) S ales to third parties 107,677 138,217 3,871 4,212 253,979 3,304 257,283 － 257,283 3,846 1,533 97 3,742 9,220 164 9,384 (9,384) － To tal 111,524 139,750 3,968 7,955 263,199 3,468 266,667 (9,384) 257,283 Segment income 5,437 8,437 523 522 14,921 175 15,096 (2,661) 12,435 Other (Note 1) Total Adjustment (Note 2) Consolidated (Note 3) (2) Inter-segment sales and transfers Reportable segments ( Note) 1. The “Other” segment includes shipbuilding and repair, ship operation, engineering, and other businesses not included in the reportable segments. 2. The (2,661) million yen segment income adjustment comprises 23 million yen in inter-segment e liminations and (2,684) million yen in corporate expenses not allocated to the segments. Corporate expenses are mainly comprised of selling, general, and administrative expenses not allocated to the segments. 3. Segment income is reconciled to operating profit in the quarterly consolidated statement of income. 2. I nformation regarding impairment loss on non-current assets and goodwill by reportable segment (Significant impairment loss on non-current assets) Disclosure has been omitted because the amount is immaterial. (Significant changes in the amount of goodwill) Not applicable. (Significant gain on negative goodwill) Not applicable. ( Note on Statement of Cash Flows) We have not prepared a quarterly consolidated statement of cash flows for the first quarter of the current consolidated fiscal year. Depreciation and amortization for the period, including amortization of intangible assets other than goodwill, and amortization of goodwill were as follows: (Unit: million yen) 1st Quarter of FY2025 (From April 1 to June 30, 2025) 1st Quarter of FY2026 (From April 1 to June 30, 2026) Depreciation and amortization 6,212 7,573 Amortization of goodwill 147 219 15