Interim report
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Page 1 of 15 Consolidated Financial Statements for the First Half of the Fiscal Year Ending March 31, 2026 April 1, 2025 to September 30, 2025 This document has been translated from the original Japanese as a guide for non- Japanese investors. It contains forward-looking statements based on a number of assumptions and beliefs made by management in light of information currently available. Actual financial results may differ materially depending on a number of factors, including changing economic conditions, legislative and regulatory developments, delay in new product launches, and pricing and product initiatives of competitors.
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Page 2 of 15 SUMMARY OF FINANCIAL STATEMENTS (consolidated) First Half Results for the Fiscal Year Ending March 31, 2026 Calbee, Inc. November 5, 2025 Stock exchange listings: Prime Market of Tokyo, code number 2229 URL: https://www.calbee.co.jp/en/ Contact: Kazuhiro Tanabe Executive Officer & CFO Telephone: +81-3-5220-6222 Representative: Makoto Ehara, President & CEO, Representative Director Scheduled date for distribution of dividends: -- Availability of supplementary explanatory material for the first half results: Available Quarterly results presentation meeting: Yes (For institutional investors and analysts) 1) Consolidated results for the first six months (April 1, 2025 to September 30, 2025) of the fiscal year ending March 31, 2026 (1) Consolidated Operating Results Millions of yen, rounded down Six months ended September 30, 2024 Six months ended September 30, 2025 % change % change Net sales ............................................................ 157,070 6.8 165,746 5.5 Operating profit ................................................... 14,926 10.5 10,158 (31.9) Ordinary profit ..................................................... 14,801 (11.0) 10,397 (29.8) Profit attributable to owners of parent ................. 10,633 (2.1) 6,788 (36.2) Earnings per share (¥) ........................................ 85.13 54.33 Earnings per share (diluted) (¥) .......................... － － Notes: 1. The percentages shown above are a comparison with the same period in the previous fiscal year. 2. Comprehensive income: Six months ended September 30, 2025: ¥7,852 million ((19.9%)) Six months ended September 30, 2024: ¥9,806 million ((38.0%)) (2) Consolidated Financial Position Millions of yen, rounded down As of March 31, 2025 As of September 30, 2025 Total assets ........................................................ 319,169 319,280 Net assets .......................................................... 215,067 216,145 Shareholders’ equity/total assets (%) ................. 64.3 64.4 Shareholders’ equity: As of September 30, 2025: ¥205,524 million As of March 31, 2025 ¥205,180 million 2) Dividends Yen FY ended March 31, 2025 FY ending March 31, 2026(forecast) Interim period per share ..................................... 0.00 0.00 Year-end dividend per share .............................. 58.00 66.00 Annual dividend per share .................................. 58.00 66.00 Note: Changes from the most recently announced dividend forecast: Yes 3) Consolidated forecasts for the fiscal year ending March 31, 2026 (April 1, 2025 to March 31, 2026) Millions of yen % change Net sales ............................................................ 339,000 ＋5.1 Operating profit ................................................... 26,000 (10.5) Ordinary profit ..................................................... 26,300 (11.9) Profit attributable to owners of parent ................. 17,500 (16.2) Earnings per share (¥) ........................................ 140.04 Notes: 1. The percentages shown above are a comparison with the same period in the previous fiscal year. 2. Changes from the most recently announced results forecast: Yes
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Page 3 of 15 Notes (1) Significant changes in the scope of consolidation during the period: None New companies: None Excluded companies: None (2) Use of special accounting procedures: None (3) Changes in accounting policy, changes in accounting estimates, and restatements: 1. Changes in accounting policies following revisions of accounting standards: None 2. Changes in accounting policies other than 1: None 3. Changes in accounting estimates: None 4. Restatements: None (4) Number of outstanding shares (common stock) Note: Regarding Calbee stock held in trust as treasury stock within shareholders’ equity, the num ber of treasury shares includes 193,075 of these shares as of September 30, 2025 and 230,245 of these shares as of March 31, 2025, and the average number of shares excludes 217,663 treasury shares in the six months to September 30, 2025, and 268,212 treasury shares in the six months to September 30, 2024. Financial Statements are not subject to audit by a certified public accountant or audit firm Appropriate use of financial forecasts and other items 1. Forecasts, etc., recorded in this document include forward -looking statements that are based on management’s estimates, assumptions and projections at the time of publication. A number of factors could cause actual results to differ materially from expectations. For details of forecasts, please see Page 8, 1. Operating results (3) Consolidated forecasts for the fiscal year ending March 31, 2026. 2. The earnings per share forecast for the fiscal year ending March 31, 20 26 is calculated using 124,961,826 shares as the expected average number of shares for the period. 3. Calbee, Inc. has scheduled a financial results conference for institutional investors and analysts for November 5, 2025. An audio recording of the conference will be made available on our Japanese website after the conference. As of March 31, 2025: As of September 30, 2025: 1. Number of outstanding shares (including treasury shares) 133,929,800 shares 133,929,800 shares 2. Number of treasury shares 8,992,816 shares 8,955,646 shares Six months to September 30, 2024: Six months to September 30, 2025: 3. Average number of shares during the period 124,899,101 shares 124,949,566 shares
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Page 4 of 15 Contents 1. Operating results ……………………………………………………………………………………….…... 5 (1) Summary of business performance………………………………………………………………………. 5 (2) Analysis of financial position………………………………………………………………………………. 7 (3) Consolidated forecasts…………………………………………………………………………………….. 8 2. Consolidated financial statements and key notes……………………………………………….…. 9 (1) Consolidated balance sheets……………………………………………………………………………... 9 (2) Consolidated statements of income and comprehensive income…………………………………….. 11 (3) Consolidated statements of cash flows………………………………………………………………….. 13 (4) Notes to consolidated financial statements……………………………………………………………… 15 Notes related to going concern assumption……………………………………………………………. 15 Additional information…………………………………………………………………………………..… 15 Notes on occurrence of significant changes to shareholders’ equity ……………………………..… 15 Subsequent events……………………………………………………………………………………..… 15 Notes of segment Information, etc.…………………………............................................................. 15
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Page 5 of 15 1. Operating results (1) Summary of business performance (All comparisons are with the same period of the previous fiscal year, unless stated otherwise.) Net sales during the first six months of the current fiscal year totaled ¥165,746 million (up 5.5%) due to growth in both the domestic and overseas businesses. Sales in the domestic business were ¥123,683 million (up 5.2%). Although sales temporarily slowed during the summer due to the impact of extreme heat and other relevant factors, sales volume increased amid gradual implementation of price and content revisions, and overall sales rose year on year for both snack foods and cereals. Sales in the overseas business were ¥42,062 million (up 6.6%), mainly due to growth in the UK and Australia/New Zealand. Operating profit was ¥10,158 million (down 31.9%), and operating margin was 6.1% (down 3.4 percentage points). In the domestic business, there was profit growth driven by the effects of price and content revisions and higher sales volume, but profit fell on increased expenses such as depreciation costs associated with the start of operations at the Setouchi Hiroshima Factory , increased expenses due to inflation, and the delay in price and content revisions in response to rising costs. In the overseas business, a decline in profit in the UK and Indonesia due to factors including continued rising raw material costs and labor costs resulted in a decrease in profits overall. Due to the above factors, ordinary profit was ¥10,397 million (down 29.8%). Profit attributable to owners of parent was ¥6,788 million (down 36.2%). Results by business are as follows. Millions of yen, rounded down H1 FY ended March 31, 2025 H1 FY ending March 31, 2026 Amount Amount Growth (%) Domestic production and sale of snack and other foods business 117,623 123,683 ＋5.2 Domestic snack foods 108,960 116,272 ＋6.7 Domestic cereals 15,173 15,788 ＋4.1 Domestic, others 6,799 6,858 ＋0.9 Deduction of rebates, etc. (13,310) (15,235) － Overseas production and sale of snack and other foods business 39,447 42,062 ＋6.6 Total, production and sale of snack and other foods business 157,070 165,746 ＋5.5 * Sales of “ Domestic snack foods ”, “Domestic cereals ” and “Domestic, others” are before deduction of rebates, etc. Production and sale of snack and other foods business Sales in the production and sale of snack and other foods business increased on growth in both the domestic and overseas businesses. Domestic production and sale of snack and other foods business ・Domestic snack foods: Domestic snack foods sales increased. Sales by product were as follows. Millions of yen, rounded down H1 FY ended March 31, 2025 H1 FY ending March 31, 2026 Amount Amount Growth (%) Potato Chips 49,367 51,539 ＋4.4 JagaRico 23,209 25,779 ＋11.1 Other snacks 36,383 38,953 ＋7.1 Total, domestic snack foods 108,960 116,272 ＋6.7 * Net sales by product are before deduction of rebates, etc.
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Page 6 of 15 - Sales of Potato Chips increased due to firm sales of standard products such as Usu-Shio-Aji and Kataage Potato, as well as contributions from regionally exclusive products. - Sales of JagaRico increased by focusing on regular items amid continued strong demand. - Sales of other snacks rose due to higher sales of flour-based snacks such as Kappa-Ebisen and corn/bean-based snacks, as well as growth in gift snack items. ・Domestic cereals: Sales of domestic cereals were ¥15,788 million (up 4.1%) due to growth in standard products such as Original Frugra and Mygra, as well as contributions from project items. ・Domestic, others: Sales in other domestic businesses were ¥6,858 million (up 0.9%) due to growth of the Body Granola personal food program. Overseas production and sale of snack and other foods business Sales increased in the overseas production and sale of snack and other foods business. Sales by region were as follows. Millions of yen, rounded down H1 FY ended March 31, 2025 H1 FY ending March 31, 2026 Amount Amount Growth (%) Growth on local currency basis (%) Europe/Americas 21,389 22,422 ＋4.8 ＋7.2 North America (existing) 14,111 13,726 (2.7) ＋1.1 Asia/Oceania 22,588 24,480 ＋8.4 ＋13.1 Greater China 7,507 7,947 ＋5.9 ＋9.9 Deduction of rebates, etc. (4,531) (4,840) － － Total, overseas production and sale of snack and other foods business 39,447 42,062 ＋6.6 +10.1 * Europe/Americas: North America (including Food and Health business) and the UK. “North America (existing)” means excluding Food and Health business. ** Asia/Oceania: Greater China, Indonesia, South Korea, Thailand, Singapore and Australia and other relevant areas *** Greater China: China and Hong Kong **** Net sales by region are before deduction of rebates, etc. *****Starting from the fiscal year ending March 2026, we have changed the method of recording sales before deduction of rebates, etc. in Greater China. Accordingly, we have also adjusted sales for the same period of the previous year. There is no change in sales after deduction of rebates, etc. - In Europe/Americas, sales increased due to growth in the UK and the consolidation of Hodo, Inc., a company of Food and Health business, in August 2025. In the UK, sales rose due to the expansion of potato chips production capacity and the contribution of the expansion of Seabrook brand products at national retail chains. In North America (existing), sales of the bean- based snack Harvest Snaps remained strong on a local currency basis. - In Asia/Oceania, sales rose year on year i n Australia/New Zealand and Indonesia where we conducted active sales promotions, as well as in Greater China. In Greater China, we continued to expand sales to retail stores by increasing the production capacity of local contract manufacturers for Jagabee and strengthening supply by increasing imports from neighboring countries.
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Page 7 of 15 (2) Analysis of financial position (All comparisons are with the end of the previous fiscal year, unless stated otherwise.) 1. Overview of assets, liabilities and net assets Total assets as of September 30, 2025 rose by ¥ 111 million to ¥3 19,280 million, mainly due to a decrease in cash and deposits, while property, plant and equipment increased. The decrease in cash and deposits is due to expenditures allocated for the acquisition of tangible fixed assets. The main reason for the increase in tangible fixed assets is the acquisition of land for the new factory in the Kanto region. Liabilities decreased by ¥965 million to ¥103,135 million. This was mainly due to an increase in notes and accounts payable - trade, while there was a decrease in provision for bonuses and other current liabilities. The increase in notes and accounts payable - trade was due to an increase in raw material purchases associated with the potato harvest season. The decrease in provision for bonuses is due to the payment of bonuses, and the decrease in other current liabilities was mainly due to a decrease in accounts payable on the acquisition of fixed assets and accrued expenses. Net assets rose by ¥1,077 million to ¥216,145 million, mainly due to an increase in non- controlling interests resulting from the acquisition of a new consolidated subsidiary. As a result, the shareholders’ equity ratio was 64.4%, up 0.1 percentage points. 2. Overview of cash flows Cash and cash equivalents as of September 30, 2025 were ¥43,354 million, a decrease of ¥7,665 million. Cash flows from operating activities Operating activities resulted in a net cash inflow of ¥19,864 million, a decrease of ¥7,529 million. This was mainly due to the last day of FY ended March 31, 2024 having been a bank holiday, which resulted in the receipt of accounts receivable being delayed to the previous fiscal year’s first half. Cash flows from investing activities Investing activities resulted in a net cash outflow of ¥21,688 million, an increase of ¥344 million. This was mainly due to a decrease in expenditures for the purchase of property, plant and equipment such as the Setouchi Hiroshima Factory, while there was expenditure for the purchase of shares of subsidiaries resulting in change in the scope of consolidation. Cash flows from financing activities Financing activities resulted in a net cash o utflow of ¥6,544 million, an increase of ¥9,874 million, mainly due to a decrease in proceeds from long-term borrowings. Information pertaining to financial resources and capital liquidity • Developments in capital requirements Calbee Group's capital requirements for operating activities include expenditures for costs related to manufacturing, such as raw materials, labor and production expenses, and for sales activities, such as selling, labor, distribution, etc. Expenditures for investing activities are primarily for capital investment and growth investment and expenditures for financing activities are primarily for capital requirements related to the payment of dividends by the parent company. In response to these capital requirements, based on our Change 2025 growth strategy we plan to allocate cash flows from operating activities to be generated over the three- year period from the fiscal year end ed March 31, 2024 to the fiscal year ending March 31, 2026, cash on hand, and borrowings. Details of capital requirements Growth investment: Capital investment for growing domestic and overseas business, investment in new areas, M&A for strengthening overseas bases, etc. Efficiency investment: Support for ESG, ca pital investment in areas including automation/ labor- saving, to raise productivity Shareholder returns: Aim for total return ratio over 50% and DOE 4% on a consolidated basis
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Page 8 of 15 The status of cash outlays as of September 30, 2025 is as follows. Millions of yen, rounded down 3-year plan FY ended March 31, 2024 FY ended March 31, 2025 H1 FY ending March 31, 2026 Total, April 1, 2023 to September 30, 2025 Progress (%) Growth investment 80,000 10,779 7,420 9,475 27,675 34.6 Efficiency investment 60,000 22,118 22,350 10,933 55,402 92.3 Shareholder returns 25,000 6,504 7,005 7,252 20,762 83.0 Total 165,000 39,402 36,776 27,661 103,840 62.9 * 3-year plan: period from FY ended March 31, 2024 to FY ending March 31, 2026 ・Fund-raising methods In principle, Calbee Group raises funds by using borrowings from financial institutions in addition to cash provided by operating activities. We and our domestic consolidated subsidiaries have introduced a cash management system (CMS) to centrally manage funds within the Group, thereby centrally managing surplus funds, securing liquidity and improving funding efficiency. In addition, Calbee has entered into overdraft agreements with several financial institutions with the aim of further supplementing our liquidity, and we recognize that we have sufficient liquidity to fund our business operations. (3) Consolidated forecasts The consolidated forecasts for the fiscal year ending March 31, 2026 have been revised as follows, in accordance with the results for the six -month period under review and the latest performance trends. Net sales and operating profit are expected to fall short of forecasts due to factors including the forecast for the autumn potato harvest. As a result, ordinary profit and net profit attributable to owners of parent are also expected to fall short of forecasts. The exchange rate assumption used in this forecast is 1USD=¥147.6. Millions of yen Revised forecast (A) Previous forecast (B) Change (A-B) Change (%) Net sales 339,000 345,000 (6,000) (1.7) Operating profit 26,000 29,800 (3,800) (12.8) Ordinary profit 26,300 30,400 (4,100) (13.5) Profit attributable to owners of parent 17,500 20,500 (3,000) (14.6)
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Page 9 of 15 2. Consolidated financial statements and key notes (1) Consolidated balance sheets Millions of yen, rounded down As of March 31, 2025 As of September 30, 2025 Assets Current assets Cash and deposits 56,755 50,874 Notes and accounts receivable - trade 41,619 41,334 Inventories 25,136 29,189 Other 10,449 5,682 Allowance for doubtful accounts (122) (116) Total current assets 133,837 126,964 Non-current assets Property, plant and equipment Buildings and structures, net 70,285 72,555 Machinery, equipment and vehicles, net 49,049 52,391 Land 16,226 21,216 Construction in progress 7,194 3,239 Other, net 3,026 3,403 Total property, plant and equipment 145,782 152,806 Intangible assets Goodwill 20,548 21,326 Other 3,659 3,560 Total intangible assets 24,207 24,887 Investments and other assets Investments and other assets, gross 15,341 14,623 Allowance for doubtful accounts (1) (1) Total investments and other assets 15,340 14,622 Total non-current assets 185,331 192,316 Total assets 319,169 319,280
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Page 10 of 15 Millions of yen, rounded down As of March 31, 2025 As of September 30, 2025 Liabilities Current liabilities Notes and accounts payable - trade 13,358 18,091 Short-term borrowings 883 1,880 Income taxes payable 3,829 2,926 Provision for bonuses 6,456 4,744 Provision for bonuses for directors (and other officers) 153 104 Provision for share-based remuneration 105 23 Other 30,918 26,289 Total current liabilities 55,705 54,060 Non-current liabilities Long-term borrowings 35,000 35,000 Provision for retirement benefits for directors (and other officers) 98 113 Provision for share-bas ed remuneration for directors (and other officers) 297 295 Retirement benefit liability 8,853 8,881 Asset retirement obligations 1,545 1,598 Other 2,601 3,185 Total non-current liabilities 48,396 49,075 Total liabilities 104,101 103,135 Net assets Shareholders' equity Share capital 12,046 12,046 Capital surplus 2,514 2,514 Retained earnings 205,571 205,101 Treasury shares (24,783) (24,668) Total shareholders' equity 195,348 194,992 Accumulated other comprehensive income Valuation difference on available-for-sale securities 616 589 Foreign currency translation adjustment 9,372 10,067 Remeasurements of defined benefit plans (158) (125) Total accumulated other comprehensive income 9,831 10,532 Non-controlling interests 9,887 10,620 Total net assets 215,067 216,145 Total liabilities and net assets 319,169 319,280
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Page 11 of 15 (2) Consolidated statements of income and comprehensive income Consolidated statements of income Millions of yen, rounded down April 1, 2024 to September 30, 2024 April 1, 2025 to September 30, 2025 Net sales 157,070 165,746 Cost of sales 103,189 113,876 Gross profit 53,880 51,869 Selling, general and administrative expenses 38,953 41,710 Operating profit 14,926 10,158 Non-operating income Interest income 256 209 Dividend income 24 20 Share of profit of entities accounted for using equity method 31 33 Gain on investments in investment partnerships 457 134 Other 148 171 Total non-operating income 918 568 Non-operating expenses Interest expenses 176 181 Foreign exchange losses 810 85 Depreciation 24 18 Other 33 44 Total non-operating expenses 1,044 329 Ordinary profit 14,801 10,397 Extraordinary income Gain on sales of non-current assets 2 9 Gain on sales of investment securities 148 159 Subsidy income 27 37 Other 0 － Total extraordinary income 177 206 Extraordinary losses Loss on sales of non-current assets 4 13 Loss on retirement of non-current assets 80 190 Loss on abandonment of inventories 85 － Total extraordinary losses 169 203 Profit before income taxes 14,809 10,400 Income taxes - current 2,102 2,712 Income taxes - deferred 1,555 725 Total income taxes 3,657 3,437 Profit 11,151 6,962 Profit attributable to non-controlling interests 517 173 Profit attributable to owners of parent 10,633 6,788
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Page 12 of 15 Consolidated statements of comprehensive income Millions of yen, rounded down April 1, 2024 to September 30, 2024 April 1, 2025 to September 30, 2025 Profit 11,151 6,962 Other comprehensive income Valuation difference on available-for-sale securities (75) (26) Foreign currency translation adjustment (1,317) 884 Remeasurements of defined benefit plans, net of tax 47 32 Total other comprehensive income (1,344) 889 Comprehensive income 9,806 7,852 Comprehensive income attributable to Owners of parent 9,437 7,489 Non-controlling interests 369 362
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Page 13 of 15 (3) Consolidated statements of cash flows Millions of yen, rounded down April 1, 2024 to September 30, 2024 April 1, 2025 to September 30, 2025 Cash flows from operating activities Profit before income taxes 14,809 10,400 Depreciation 5,502 7,138 Amortization of goodwill 1,076 1,093 Increase (decrease) in allowance for doubtful accounts 83 (6) Increase (decrease) in provision for bonuses (1,849) (1,720) Increase (decrease) in provision for bonuses for directors (and other officers) (32) (52) Increase (decrease) in provision for share-based remuneration 40 20 Increase (decrease) in provision for share -based remuneration for directors 60 10 Increase (decrease) in retirement benefit liability 23 159 Decrease (increase) in retirement benefit asset (169) (217) Increase (decrease) in provision for retirement benefits for directors (and other officers) (22) 15 Interest and dividend income (281) (229) Interest expenses 176 181 Foreign exchange losses (gains) 943 19 Subsidies income (27) (37) Loss (gain) on investments in investment partnerships (457) (134) Loss on abandonment of inventories 85 － Share of loss (profit) of entities accounted for using equity method (31) (33) Loss (gain) on sales of investment securities (148) (159) Loss (gain) on sales of non-current assets 2 3 Loss on retirement of non-current assets 80 190 Decrease (increase) in trade receivables 16,022 829 Decrease (increase) in inventories (4,932) (3,761) Increase (decrease) in trade payables 4,189 4,484 Increase (decrease) in accounts payable - other (3,181) (1,103) Other, net 814 6,710 Subtotal 32,778 23,801 Interest and dividends received 274 221 Interest paid (149) (186) Income taxes paid (5,509) (3,972) Net cash provided by (used in) operating activities 27,393 19,864
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Page 14 of 15 Millions of yen, rounded down April 1, 2024 to September 30, 2024 April 1, 2025 to September 30, 2025 Cash flows from investing activities Purchase of property, plant and equipment (22,811) (17,223) Proceeds from sales of property, plant and equipment 8 12 Purchase of intangible assets (551) (1,060) Purchase of investment securities (205) (2) Proceeds from sales of investment securities 347 308 Proceeds from collection of loans 100 － Payments into time deposits (9,512) (12,806) Proceeds from withdrawal of time deposits 11,190 11,123 Payments of guarantee deposits (40) (169) Proceeds from refund of guarantee deposits 103 11 Purchase of shares of subsidiaries resulting in change in scope of consolidation － (2,125) Proceeds from subsidy income 27 37 Proceeds from distributions from investment partnerships － 199 Other, net 0 5 Net cash provided by (used in) investing activities (21,344) (21,688) Cash flows from financing activities Net increase (decrease) in short-term borrowings 488 1,000 Proceeds from long-term borrowings 10,000 － Purchase of treasury shares (0) － Dividends paid (7,002) (7,252) Dividends paid to non-controlling interests (85) (85) Repayments of lease obligations (69) (206) Net cash provided by (used in) financing activities 3,330 (6,544) Effect of exchange rate change on cash and cash equivalents (379) 703 Net increase (decrease) in cash and cash equivalents 9,000 (7,665) Cash and cash equivalents at beginning of period 37,718 51,019 Cash and cash equivalents at end of period 46,719 43,354
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Page 15 of 15 (4) Notes to consolidated financial statements (Notes related to going concern assumption) No applicable items. (Additional information) (Application of “Practical Solution on the Accounting for and Disclosure of Current Taxes Related to Global Minimum Tax Rules”) We have applied the “Practical Solution on the Accounting for and Disclosure of Current Taxes Related to the Global Minimum Tax Rules” (ASBJ PITF No. 46, March 22, 2024). Current taxes related to global minimum tax rules were not recorded in the financial statements for the first half of the current consolidated fiscal year because ASBJ PITF No.7 was applied. (Notes on occurrence of significant changes to shareholders’ equity) No applicable items. (Subsequent events) Acquisition of Treasury Stock The Board of Directors of the company resolved at a meeting held on November 5, 2025 to acquire treasury stock pursuant to the provisions of Article 156 of the Companies Act of Japan, as applied mutatis mutandis under Article 165, Paragraph 3 of the Companies Act of Japan. 1. Purpose of Acquisition of Treasury Stock The purpose is the aim of enhancing the distribution of profits for shareholders and raising capital efficiency. 2. Details on Acquisition of Treasury Stock (1) Class of shares to be acquired Common shares (2) Total number of shares to be acquired Up to 4,000,000* shares *3.20% of total number of outstanding shares (excluding treasury stock) (3) Total acquisition cost Up to 10 billion yen (4) Period of acquisition November 6, 2025 to March 31, 2026 (5) Method of acquisition Market purchase on the Tokyo Stock Exchange (Notes of segment Information, etc.) [Segment information] Segment information is not disclosed as Calbee Group has only one reporting segment, “Production and sale of snacks and other foods” with little significance.