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 ( Q1 FY2026 ) August 7 , 2026 ( Under IFRS ) Company name : Listing : FUJI OIL CO . , LTD . Tokyo Stock Exchange Securities code : 2607 URL : Representative : Inquiries : Telephone : https://www.fujioil.co.jp/en/ Tatsuji Omori , President and CEO Masaaki Nakanishi , Deputy General Manager , Finance and Accounting Headquarters + 81- ( 0 ) 3-4477-5416 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : Yes Yes ( for institutional investors and analysts ) ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( April 1 , 2026 - June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Net sales Business profit Operating profit Profit before tax Profit Millions of Three months ended % yen Millions of yen % Millions of yen % Millions of yen Millions of % % yen June 30 , 2026 179,807 Δ1.1 9,584 74.0 8,946 90.9 7,577 137.2 5,682 78.7 June 30 , 2025 181,831 19.3 5,508 A34.0 4,685 40.9 3,194 A54.9 3,179 A44.2 Profit attributable to Total comprehensive owners of parent income Basic earnings per share Diluted earnings per share Three months ended Millions of yen % Millions of yen % Yen Yen June 30 , 2026 5,572 78.0 11,263 64.81 June 30 , 2025 3,131 A40.5 808 A95.4 36.42 ( Note ) 1. Business Profit is calculated by adding share of profit ( loss ) of investments accounted for using equity method to operating profit and excluding gains and losses due to non - recurring factors . 2. In the third quarter of the fiscal year ended March 31 , 2026 , the provisional accounting treatment for business combinations was finalized , and the figures for first quarter of the fiscal year ended March 31 , 2026 reflect the details of the finalization of the provisional accounting treatment . ( 2 ) Consolidated financial position Total assets Total equity Equity attributable to owners of parent Ratio of equity attributable to owners of parent to total assets As of Millions of yen Millions of yen Millions of yen % June 30 , 2026 643,759 251,723 247,534 38.5 March 31 , 2026 636,933 244,477 240,159 37.7
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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 March 31, 2026 － 26.00 － 26.00 52.00 Fiscal year ending March 31, 2027 － Fiscal year ending March 31, 2027 (Forecast) 31.00 － 31.00 62.00 (Percentages indicate year-on-year changes.) Net sales Business profit Profit attributable to owners of parent Profit per share Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending March 31, 2027 754,000 △2.4 37,500 4.0 19,500 75.0 226.79 2. Cash dividends (Note) Revisions to the forecast of cash dividends most recently announced: None 3. Consolidated forecasts for the fiscal year ending March 31, 2027 (April 1, 2026 - March 31, 2027) (Note) Revisions to the consolidated forecasts most recently announced: None
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(1) Significant changes in the scope of consolidation during the period: None (2) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies required by IFRS: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None As of June 30, 2026 87,569,383 shares As of March 31, 2026 87,569,383 shares As of June 30, 2026 1,586,896 shares As of March 31, 2026 1,586,896 shares Three months ended June 30, 2026 85,982,487 shares Three months ended June 30, 2025 85,973,943 shares * Notes (3) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) (ii) Number of treasury shares at the end of the period (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) * Quarterly financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Explanations and other special notes concerning the appropriate use of business results forecasts The forward-looking statements included in this document are based on the information available at the time of this announcement. The actual results may differ from the forecasts in this report due to various factors. * How to access supplementary material on financial results Supplementary material on financial results is disclosed in Investor Relation on our company’s website on the same day.
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1. Qualitative Information on Results for the Three Months Ended June 30, 2026……………………………………………… 2 (1) Details of Operating Results ……………………………………………………………………………………………… 2 (2) Details of Financial Position ……………………………………………………………………………………………… 3 (3) Information on the Future Outlook, Including Consolidated Forecasts …………………………………………………… 4 2. Quarterly Consolidated Financial Statements ………………………………………………………………………………… 5 (1) Quarterly Consolidated Statements of Financial Position ………………………………………………………………… 5 (2) Quarterly Consolidated Statements of Income and Comprehensive Income……………………………………………… 7 Quarterly Consolidated Statements of Income…………………………………………………………………………… 7 Quarterly Consolidated Statements of Comprehensive Income ………………………………………………………… 8 (3) Quarterly Consolidated Statements of Changes in Equity ………………………………………………………………… 9 (4) Quarterly Consolidated Statements of Cash flows………………………………………………………………………… 10 (5) Notes to Quarterly Consolidated Financial Statements …………………………………………………………………… 12 (Notes Relating to Assumptions for the Going Concern)………………………………………………………………… 12 (Segment Information)…………………………………………………………………………………………………… 12 Accompanying Materials - Contents - 1 -
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Net sales Business profit Profit before tax Profit attributable to owners of parent Three months ended Millions of yen Millions of yen Millions of yen Millions of yen June 30, 2026 179,807 9,584 7,577 5,572 June 30, 2025 181,831 5,508 3,194 3,131 Change △2,024 △1.1% +4,076 +74.0% +4,382 +137.2% +2,441 +78.0% Net sales Business profit Year-on-year change Year-on-year change Millions of yen Millions of yen % Millions of yen Millions of yen % Vegetable Oils and Fats 71,869 +8,671 +13.7% 8,356 △501 △5.7% Industrial Chocolate 75,362 △12,279 △14.0% 475 +3,777 － Emulsified and Fermented Ingredients 23,513 +1,026 +4.6% 112 +42 +59.9% Soy-based Ingredients 9,062 +557 +6.6% 695 +723 － Adjustment － － － △56 +34 － Total 179,807 △2,024 △1.1% 9,584 +4,076 +74.0% 1. Qualitative Information on Results for the Three Months Ended June 30, 2026 In the third quarter of the fiscal year ended March 31, 2026, the provisional accounting treatment for business combinations with PROVENCE HUILES S.A.S and other was finalized, and the figures for the first three months of the previous fiscal year reflect the details of the finalization of the provisional accounting treatment. (1) Details of Operating Results Operating results for the first three months of the current fiscal year were as follows. Net sales decreased due to declined sales prices to reflect lower prices for cocoa beans at Blommer Chocolate Company, LLC (USA, hereinafter “Blommer”) in the Industrial Chocolate segment despite an increase due to higher sales prices to reflect rising prices for palm oil, our main raw material in the Vegetable Oils and Fats segment. Business profit increased due to a decline in cocoa beans related costs at Blommer and an increase in sales volume in the Soy-based Ingredients segment. Profit attributable to owners of parent increased due to an increase in business profit. The operating results by reported segment are shown below. (Vegetable Oils and Fats) Net sales increased due to higher sales prices to reflect rising raw material prices and the effect of yen depreciation. Business profit decreased due to decline in profitability resulting from higher procurement prices despite steady sales of vegetable fats for chocolate. (Industrial Chocolate) Net sales decreased due to declined sales prices to reflect lower raw material prices at Blommer despite an increase due to strong demand and price revision in Asia and Brazil. Business profit increased due to a decline in cocoa beans related costs at Blommer and improved profitability through price revision in Brazil. (Emulsified and Fermented Ingredients) Net sales increased due to higher sales prices to reflect rising raw material prices, strong demand in Japan and the effect of yen depreciation. Business profit increased due to an increase in sales volume in Japan despite a decrease in sales volume in Asia. (Soy-based Ingredients) Net sales and business profit increased due to an increase in sales volume of soy protein ingredients and functional ingredients. - 2 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Change Current assets 359,051 357,754 △1,296 Non-current assets 277,881 286,004 +8,122 Assets 636,933 643,759 +6,825 Interest-bearing debt 268,381 273,731 +5,349 Other 124,074 118,304 △5,769 Liabilities 392,455 392,035 △420 Equity 244,477 251,723 +7,246 (2) Details of Financial Position (i) Details of Consolidated Financial Position The consolidated financial position at the end of the three months of the current fiscal year is as follows. (Assets) Current assets decreased mainly due to a decrease in cash and cash equivalents and trade receivables despite an increase in other current assets resulting from an increase in advance payments. Meanwhile, non-current assets increased mainly due to capital expenditures. As a result, assets increased by 6,825 million yen from the end of the previous fiscal year to 643,759 million yen. (Liabilities) Interest-bearing debt increased mainly due to an increase in long-term borrowings associated with capital expenditures and an increase in working capital. Meanwhile, trade payables included in other decreased. As a result, liabilities decreased by 420 million yen from the end of the previous fiscal year to 392,035 million yen. (Equity) Equity increased by 7,246 million yen from the end of the previous year to 251,723 million yen mainly due to an increase in other components of equity resulting from the yen depreciation against US dollar, Renminbi and Brazilian real. - 3 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change Cash flows from operating activities △12,606 2,895 +15,502 Cash flows from investing activities △23,411 △7,336 +16,075 Free Cash flows △36,018 △4,440 +31,577 Cash flows from financing activities 469 1,638 +1,168 Cash and cash equivalents at end of period 34,296 43,306 +9,010 (ii) Details of Consolidated Cash Flows The cash flows for the first three months of the current fiscal year are as follows. (Cash flows from operating activities) Cash flows from operating activities for the first three months of the current fiscal year resulted in income of 2,895 million yen. Income increased by 15,502 million yen compared to the first three months of the previous fiscal year mainly due to an increase in profit before tax and a decrease in payments related to advance payments. (Cash flows from investing activities) Cash flows from investing activities for the first three months of the current fiscal year resulted in expenditures of 7,336 million yen. Expenditures decreased by 16,075 million yen compared to the first three months of the previous fiscal year due to the rebound of the acquisition of shares of a newly consolidated company conducted in the previous fiscal year despite the purchase of property, plant and equipment. (Cash flows from financing activities) Cash flows from financing activities for the first three months of the current fiscal year resulted in income of 1,638 million yen. Income increased by 1,168 million yen compared to the first three months of the previous fiscal year due to an increase in borrowings resulting from higher funding requirements associated with capital expenditures. (3) Information on the Future Outlook, Including Consolidated Forecasts The consolidated forecasts for the full year remain unchanged from the consolidated forecasts announced on May 12, 2026. - 4 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and cash equivalents 46,811 43,306 Trade receivables 115,202 112,554 Inventories 182,031 180,806 Other financial assets 2,736 2,308 Other current assets 12,270 18,778 Total current assets 359,051 357,754 Non-current assets Property, plant and equipment 165,950 171,998 Right-of-use assets 13,200 14,126 Intangible assets 41,317 41,423 Goodwill 26,632 27,066 Investments accounted for using equity method 16,102 16,515 Deferred tax assets 5,398 5,555 Other financial assets 8,790 8,824 Other non-current assets 488 494 Total non-current assets 277,881 286,004 Total assets 636,933 643,759 2. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Statements of Financial Position - 5 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Trade payables 68,082 56,842 Borrowings 158,541 152,291 Lease liabilities 2,615 2,805 Income taxes payable 4,712 3,712 Other financial liabilities 8,140 10,760 Other current liabilities 15,231 17,843 Total current liabilities 257,324 244,256 Non-current liabilities Bonds payable 30,859 30,872 Long-term borrowings 78,980 90,567 Lease liabilities 10,101 10,869 Deferred tax liabilities 10,870 11,063 Retirement benefit liability 1,678 1,699 Other non-current liabilities 2,640 2,706 Total non-current liabilities 135,131 147,779 Total liabilities 392,455 392,035 Equity Share capital 13,208 13,208 Capital surplus 8,715 8,714 Retained earnings 157,829 161,140 Treasury shares △2,154 △2,154 Other components of equity 62,560 66,626 Equity attributable to owners of parent 240,159 247,534 Non-controlling interests 4,318 4,188 Total equity 244,477 251,723 Total liabilities and equity 636,933 643,759 - 6 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 181,831 179,807 Cost of sales 158,389 149,771 Gross profit 23,442 30,035 Selling, general and administrative expenses 19,510 21,012 Other income 934 762 Other expenses 181 839 Operating profit 4,685 8,946 Finance income 508 491 Finance costs 2,120 2,011 Share of profit (loss) of investments accounted for using equity method 120 151 Profit (loss) before tax 3,194 7,577 Income tax expense 15 1,894 Profit (loss) 3,179 5,682 Profit (loss) attributable to Owners of parent 3,131 5,572 Non-controlling interests 47 109 Earnings (loss) per share Basic earnings (loss) per share (yen) 36.42 64.81 Diluted earnings (loss) per share (yen) － － (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income (First three months period) - 7 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit (Loss) 3,179 5,682 Other comprehensive income Items that will not be reclassified to profit or loss Net change in fair value of equity instruments measured through other comprehensive income 132 24 Remeasurements of defined benefit plans △37 △20 Total of items that will not be reclassified to profit or loss 94 3 Items that may be reclassified to profit or loss Cash flow hedges △275 1,550 Exchange differences on translation of foreign operations △1,608 3,774 Share of other comprehensive income of investments accounted for using equity method △581 251 Total of items that may be reclassified to profit or loss △2,465 5,576 Total other comprehensive income △2,370 5,580 Comprehensive income 808 11,263 Comprehensive income attributable to Owners of parent 794 11,230 Non-controlling interests 14 32 Quarterly Consolidated Statements of Comprehensive Income (First three months period) - 8 -
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(Millions of yen) Share capital Capital surplus Retained earnings Treasury shares Other components of equity Equity attributable to owners of parent Non- controlling interests Total equity Balance at beginning of period 13,208 8,443 150,944 △1,919 36,245 206,923 4,003 210,926 Profit (loss) － － 3,131 － － 3,131 47 3,179 Other comprehensive income － － － － △2,337 △2,337 △33 △2,370 Comprehensive income － － 3,131 － △2,337 794 14 808 Dividends of surplus － － △2,237 － － △2,237 △12 △2,250 Purchase of treasury shares － － － △0 － △0 － △0 Transfer from other components of equity to retained earnings － － △37 － 37 － － － Share-based payment transactions － △1 － － － △1 － △1 Other － － － － 387 387 96 483 Total transactions with owners － △1 △2,275 △0 425 △1,851 84 △1,767 Balance at end of period 13,208 8,442 151,800 △1,919 34,334 205,865 4,101 209,967 (Millions of yen) Share capital Capital surplus Retained earnings Treasury shares Other components of equity Equity attributable to owners of parent Non- controlling interests Total equity Balance at beginning of period 13,208 8,715 157,829 △2,154 62,560 240,159 4,318 244,477 Profit (loss) － － 5,572 － － 5,572 109 5,682 Other comprehensive income － － － － 5,657 5,657 △76 5,580 Comprehensive income － － 5,572 － 5,657 11,230 32 11,263 Dividends of surplus － － △2,241 － － △2,241 △162 △2,404 Purchase of treasury shares － － － － － － － － Transfer from other components of equity to retained earnings － － △20 － 20 － － － Share-based payment transactions － △1 － － － △1 － △1 Other － － － － △1,611 △1,611 － △1,611 Total transactions with owners － △1 △2,262 － △1,590 △3,854 △162 △4,017 Balance at end of period 13,208 8,714 161,140 △2,154 66,626 247,534 4,188 251,723 (3) Quarterly Consolidated Statements of Changes in Equity For the three months ended June 30, 2025 For the three months ended June 30, 2026 - 9 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Cash flows from operating activities Profit (loss) before tax 3,194 7,577 Depreciation and amortization 4,874 5,560 Decrease (increase) in retirement benefit asset △14 － Increase (decrease) in retirement benefit liability 32 △7 Interest and dividend income △339 △490 Interest expenses 1,793 1,997 Impairment losses 686 － Share of loss (profit) of investments accounted for using equity method △120 △151 Loss (gain) on disposal of non-current assets 15 220 Decrease (increase) in trade receivables 97 4,153 Decrease (increase) in inventories △12,787 3,058 Increase (decrease) in trade payables 8,150 △12,144 Decrease (increase) in advance payments to suppliers △9,996 △6,000 Other △615 3,588 Subtotal △5,030 7,361 Interest and dividends received 99 490 Interest paid △1,995 △1,983 Income taxes refund (paid) △5,680 △2,973 Net cash provided by (used in) operating activities △12,606 2,895 Cash flows from investing activities Purchase of property, plant and equipment △5,877 △6,330 Proceeds from sale of property, plant and equipment 31 54 Purchase of intangible assets △784 △944 Payments for acquisition of subsidiaries △16,726 － Payments for investments in capital △6 △12 Payments for loans receivable △18 － Other △30 △103 Net cash provided by (used in) investing activities △23,411 △7,336 (4) Quarterly Consolidated Statements of Cash flows (First three months period) - 10 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Cash flows from financing activities Net increase (decrease) in short-term borrowings 3,819 7,400 Proceeds from long-term borrowings － 15,000 Repayments of long-term borrowings △440 △17,777 Dividends paid △2,237 △2,241 Dividends paid to non-controlling interests △12 △12 Other △660 △731 Net cash provided by (used in) financing activities 469 1,638 Effect of exchange rate changes on cash and cash equivalents △995 △701 Net increase (decrease) in cash and cash equivalents △36,544 △3,504 Cash and cash equivalents at beginning of period 70,840 46,811 Cash and cash equivalents at end of period 34,296 43,306 - 11 -
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(5) Notes to Quarterly Consolidated Financial Statements (Notes Relating to Assumptions for the Going Concern) Not applicable. (Millions of yen) Reported segments Adjustment (Note 1) Consolidated totalVegetable Oils and Fats Industrial Chocolate Emulsified and Fermented Ingredients Soy-based Ingredients Total Net sales Sales to external customers 63,197 87,641 22,486 8,504 181,831 － 181,831 Transactions with other segments 8,759 986 1,583 31 11,360 △11,360 － Total 71,956 88,628 24,070 8,535 193,191 △11,360 181,831 Business profit (Note 2) 8,858 △3,302 70 △27 5,599 △91 5,508 (Millions of yen) Reported segments Adjustment (Note 1) Consolidated totalVegetable Oils and Fats Industrial Chocolate Emulsified and Fermented Ingredients Soy-based Ingredients Total Net Sales Sales to external customers 71,869 75,362 23,513 9,062 179,807 － 179,807 Transactions with other segments 8,033 1,062 2,080 19 11,196 △11,196 － Total 79,902 76,424 25,593 9,081 191,003 △11,196 179,807 Business profit (Note 2) 8,356 475 112 695 9,640 △56 9,584 (Segment Information) First three months period of the previous fiscal year (April 1, 2025 - June 30, 2025) (Note) 1. Adjustment of business profit △91 million yen includes the elimination of intersegment transactions. 2. Business profit is calculated by adding share of profit (loss) of investments accounted for using equity method to operating profit and excluding gains and losses arising from non-recurring factors. 3. In the third quarter of the fiscal year ended March 31, 2026, the provisional accounting treatment for business combinations was finalized, and the figures for first three months period of the previous fiscal year reflect the details of the finalization of the provisional accounting treatment. First three months period of the current fiscal year (April 1, 2026 - June 30, 2026) (Note) 1. Adjustment of business profit △56 million yen includes the elimination of intersegment transactions. 2. Business profit is calculated by adding share of profit (loss) of investments accounted for using equity method to operating profit and excluding gains and losses arising from non-recurring factors. - 12 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Business profit 5,508 9,584 Gain on sale of fixed assets 22 8 Loss on disposal of fixed assets △37 △229 Impairment losses △686 － Share of loss (profit) of investments accounted for using the equity method △120 △151 Other 0 △266 Operating profit 4,685 8,946 Finance income 508 491 Finance costs △2,120 △2,011 Share of profit (loss) of investments accounted for using equity method 120 151 Profit (loss) before tax 3,194 7,577 The adjustment from business profit to profit (loss) before tax is as follows: - 13 -