Interim report
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Consolidated Financial Statements - Summary ( For the three months ended June 30 , 2026 ) English translation from the original Japanese - language document ( All financial information has been prepared in accordance with accounting principles generally accepted in Japan . ) NICHIREI CORPORATION ( Code number 2871 ) August 7 , 2026 ( Amounts less than one million yen are omitted ) Profit attributable to owners of parent Company name : 1. Results for the Three Months Ended June 30 , 2026 ( April 1 , 2026 through June 30 , 2026 ) ( 1 ) Consolidated financial results Net sales Million yen Operating profit Million yen Ordinary profit Million yen Three months ended June 30 , 2026 Three months ended June 30 , 2025 229,037 8,249 8,560 170,765 8,688 9,221 ( Note ) Comprehensive income : Three months ended June 30 , 2026 : Three months ended June 30 , 2025 : 8,178 million yen 3,057 million yen ( - % ) ( -73.1 % ) E.P.S. Diluted E.P.S. Yen Yen Three months ended 27.61 June 30 , 2026 Three months ended June 30 , 2025 Million yen 6,919 5,648 22.54 ( Note ) In accordance with the shareholder approval of the “ proposal for partial amendment to the Articles of Incorporation " at the 108th Annual General Shareholders Meeting on June 24 , 2026 , the Company has changed the end of the fiscal year from March 31 to December 31 in fiscal year 2026. The three months ended June 30 , 2026 fall within the transitional period for the change in the end of the fiscal year . Irregular financial results statements have been prepared for the period of these statements . For the Company and the domestic consolidated subsidiaries whose accounts closed in March , the reporting period covers the three months from April 1 , 2026 to June 30 , 2026. For consolidated subsidiaries whose accounts closed in December , the reporting period covers the six months from January 1 , 2026 to June 30 , 2026. For this reason , percentage changes from the same period in the previous fiscal year are not stated . ( 2 ) Consolidated financial position As of June 30 , 2026 As of March 31 , 2026 ( Reference ) Shareholders ' equity : 2. Dividend Status ( Base date ) FY ended March 31 , 2026 FY ending December 31 , 2026 FY ending December 31 , 2026 ( Forecast ) Total assets Total net assets Equity ratio Equity per share Million yen Million yen % 587,087 557,242 308,973 49.1 Yen 1,149.30 304,438 51.4 1,142.56 As of June 30 , 2026 : As of March 31 , 2026 : 288,035 million yen 286,344 million yen End of 1st quarter End of 2nd quarter Dividend per share End of 3rd quarter End of FY Annual Yen Yen 23.00 Yen Yen Yen 24.00 47.00 25.00 ( Note ) Revisions to dividend forecasts published most recently ( Y / N ) : No - 1 - 25.00 50.00
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- 2 - 3. Estimation of Business Results of Fiscal Year Ending December 31, 2026 (April 1, 2026 through December 31, 2026) Net sales Operating profit Ordinary profit Profit attributable to owners of parent E.P .S. Million yen Million yen Million yen Million yen Yen FY ending December 31, 2026 618,500 30,000 30,900 20,400 81.40 (Note) Revisions to operating results forecasts published most recently (Y/N): Yes In accordance with the shareholder approval of the “proposal for partial amendment to the Articles of Incorporation” at the 1 08th Annual General Shareholders Meeting on June 24, 2026, the Company has changed the end of the fiscal year from March 31 to Dece mber 31 in fiscal year 2026. The same change has also been made to the end of the fiscal year of the domestic consolidated subsidiaries whose account closing date was not December 31. Accordingly, consolidated operating results forecasts for the transitional period (the fiscal year ending December 31, 2026) comprise forecasts for nine months (from April 1, 2026 to December 31, 2026) for the companies whos e accounts close in March and twelve months (from January 1, 2026 to December 31, 2026) for those whose accounts close in December. [Reference] The percentage figures (adjusted percentage changes) below show percentage changes of the operating results for the nine-month period from April 1, 2025 to December 31, 2025 of the Company and the consolidated subsidiaries whose accounts close in March, compared to operating results forecasts for the fiscal year under review. Net sales Operating profit Ordinary profit Profit attributable to owners of parent (Million yen) 618,500 6.2% 30,000 (7.5%) 30,900 (7.5%) 20,400 (11.5%) * Notes (1) Any important changes in the scope of consolidation during the term: Yes New: 2 companies (Company name: PT NICHIREI MEGA SEJAHTERA and PT NICHIREI MEGA LOGISTIK) (2) Adoption of accounting treatment unique to the preparation of quarterly consolidated financial statements: Yes (Calculation of tax cost) With respect to tax cost, an effective tax rate was reasonably estimated after applying tax effect accounting to profit before taxes for the fiscal year including the three-month period ended June 30, 2026, and tax cost was calculated by multiplying profit before taxes by the effective tax rate. (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies associated with the revision of accounting standards, etc.: None (ii) Changes in accounting policies other than (i): None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Total number of outstanding shares (Common stock) (i) Total number of outstanding shares at term end (Includes treasury stock): As of June 30, 2026: 256,984,963 shares As of March 31, 2026: 256,984,963 shares (ii) Total treasury stock at term end: As of June 30, 2026: 6,367,711 shares As of March 31, 2026: 6,367,479 shares (iii) Average number of outstanding shares during the period: For the three months ended June 30, 2026: 250,617,357 shares For the three months ended June 30, 2026: 250,563,812 shares * Review of the accompanying quarterly consolidated financial statements by certified public accountants or audit corporations: None * Note to proper use of forecast of operating results and other special remarks This statement was prepared based on information available at the time of disclosure. The Company makes no guarantee that the forecasts will be achieved. Actual results may vary significantly as a result of a variety of factors. Please refer to the “Cautionary Statements” on page 8.
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- 3 - Consolidated Balance Sheets NICHIREI CORPORATION (Million yen; amounts less than one million yen are omitted) FY 2025 (As of March 31, 2026) As of June 30, 2026 <Assets> Current assets Cash and deposits 52,108 59,990 Notes and accounts receivable – trade 107,809 104,585 Merchandise and finished goods 39,503 43,091 Work in process 1,839 2,864 Raw materials and supplies 15,738 16,280 Other 13,284 19,053 Allowance for doubtful accounts (159) (254) Total current assets 230,124 245,610 Non-current assets Property, plant and equipment Buildings and structures, net 108,257 110,768 Machinery, equipment and vehicles, net 57,339 59,893 Land 49,167 47,977 Leased assets, net 13,155 12,874 Construction in progress 9,077 11,663 Other, net 6,394 6,422 Total property, plant and equipment 243,392 249,599 Intangible assets Goodwill 10,560 17,606 Other 9,171 10,888 Total intangible assets 19,732 28,494 Investments and other assets Investment securities 46,910 43,223 Retirement benefit asset 52 52 Deferred tax assets 3,341 3,355 Other 13,905 16,967 Allowance for doubtful accounts (218) (217) Total investments and other assets 63,991 63,382 Total non-current assets 327,117 341,476 Total assets 557,242 587,087
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- 4 - NICHIREI CORPORATION (Million yen; amounts less than one million yen are omitted) FY 2025 (As of March 31, 2026) As of June 30, 2026 <Liabilities> Current liabilities Accounts payable – trade 27,472 28,316 Electronically recorded obligations – operating 543 428 Short-term borrowings 21,098 24,433 Commercial papers 11,000 14,000 Current portion of bonds payable 10,000 10,000 Current portion of long-term borrowings 878 5,348 Lease liabilities 3,378 3,367 Accrued expenses 41,056 41,196 Income taxes payable 8,089 3,643 Provision for bonuses for directors (and other officers) 215 69 Other 25,566 27,191 Total current liabilities 149,299 157,995 Non-current liabilities Bonds payable 30,000 40,000 Long-term borrowings 37,848 45,523 Lease liabilities 10,552 10,180 Deferred tax liabilities 12,706 11,961 Provision for retirement benefits for directors (and other officers) 69 47 Retirement benefit liability 2,291 2,374 Asset retirement obligations 5,344 5,391 Long-term guarantee deposits 2,339 2,326 Other 2,352 2,314 Total non-current liabilities 103,504 120,118 Total liabilities 252,803 278,114 <Net assets> Shareholders’ equity Share capital 30,660 30,660 Capital surplus 5,610 5,610 Retained earnings 218,613 219,518 Treasury shares (11,752) (11,753) Total shareholders’ equity 243,132 244,036 Accumulated other comprehensive income Valuation difference on available-for-sale securities 19,923 17,848 Deferred gains or losses on hedges 3,527 3,785 Foreign currency translation adjustment 19,761 22,364 Total accumulated other comprehensive income 43,212 43,998 Non-controlling interests 18,093 20,937 Total net assets 304,438 308,973 Total liabilities and net assets 557,242 587,087
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- 5 - Consolidated Statements of Income NICHIREI CORPORATION (Million yen; amounts less than one million yen are omitted) Three months ended June 30, 2025 (Apr. 2025–June 2025) Three months ended June 30, 2026 (Apr. 2026–June 2026) Net sales 170,765 229,037 Cost of sales 139,109 188,178 Gross profit 31,656 40,858 Selling, general and administrative expenses Transportation and storage costs 5,279 6,209 Promotion expenses 384 421 Advertising expenses 1,574 2,057 Remuneration for directors (and other officers), employees’ salaries, bonuses, and allowances 6,633 10,459 Retirement benefit expenses 305 426 Legal and other welfare expenses 1,123 1,610 Travel, transportation and communication expenses 677 965 Rent expenses 685 932 Outsourcing expenses 1,541 1,778 Research and development expenses 504 674 Other 4,256 7,073 Total selling, general and administrative expenses 22,968 32,608 Operating profit 8,688 8,249 Non-operating income Interest income 140 270 Dividend income 617 563 Share of profit of entities accounted for using equity method 89 183 Other 180 355 Total non-operating income 1,028 1,373 Non-operating expenses Interest expenses 326 654 Other 168 407 Total non-operating expenses 494 1,062 Ordinary profit 9,221 8,560 Extraordinary income Gain on sale of non-current assets 25 27 Gain on sale of investment securities ― 3,265 Gain on reversal of foreign currency translation adjustments due to liquidation of foreign subsidiary 99 ― Reversal of provision for loss on compensation for damage 34 ― Other 5 0 Total extraordinary income 164 3,293 Extraordinary losses Loss on sale of non-current assets 0 18 Loss on retirement of non-current assets 290 359 Impairment losses 164 21 Loss on business facility closings 146 506 Other 16 269 Total extraordinary losses 619 1,175 Profit before income taxes 8,766 10,679 Income taxes 2,430 3,319 Profit 6,336 7,360 Profit attributable to non-controlling interests 687 441 Profit attributable to owners of parent 5,648 6,919
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- 6 - Consolidated Statements of Comprehensive Income NICHIREI CORPORATION (Million yen; amounts less than one million yen are omitted) Three months ended June 30, 2025 (Apr. 2025–June 2025) Three months ended June 30, 2026 (Apr. 2026–June 2026) Profit 6,336 7,360 Other comprehensive income Valuation difference on available-for-sale securities 1,096 (2,073) Deferred gains or losses on hedges (782) 250 Foreign currency translation adjustment (3,402) 2,550 Share of other comprehensive income of entities accounted for using equity method (189) 91 Total other comprehensive income (3,278) 818 Comprehensive income 3,057 8,178 Comprehensive income attributable to Comprehensive income attributable to owners of parent 3,201 7,705 Comprehensive income attributable to non-controlling interests (143) 473
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- 7 - Industrial Segment Information NICHIREI CORPORATION (1) Three Months Ended June 30, 2025 (April 1, 2025 through June 30, 2025) (Million yen; amounts less than one million yen are omitted) Foods Temperature- controlled Logistics Real Estate Other Total Adjustments Consolidated Net sales 103,746 65,097 845 1,075 170,765 – 170,765 Intra-group sales and transfers 68 4,763 411 201 5,445 (5,445) – Total 103,815 69,861 1,257 1,277 176,211 (5,445) 170,765 Operating profit 4,758 4,070 515 86 9,431 (742) 8,688 (2) Three Months Ended June 30, 2026 (April 1, 2026 through June 30, 2026) (Million yen; amounts less than one million yen are omitted) Foods Temperature- controlled Logistics Real Estate Other Total Adjustments Consolidated Net sales 124,582 102,819 845 789 229,037 – 229,037 Intra-group sales and transfers 75 5,007 463 268 5,814 (5,814) – Total 124,658 107,826 1,308 1,058 234,852 (5,814) 229,037 Operating profit (loss) 3,802 5,132 521 (164) 9,292 (1,042) 8,249
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- 8 - Forecast of Fiscal Year Ending December 31, 2026 NICHIREI CORPORATION Forecast of Fiscal Year Ending December 31, 2026 (April 1, 2026 through December 31, 2026) (Million yen; amounts less than one million yen are omitted) Foods Temperature- controlled Logistics Real Estate Other Adjustments Consolidated Net sales (*1) 350,100 279,000 3,800 3,900 (18,300) 618,500 Operating profit 14,500 16,600 1,500 100 (2,700) 30,000 (*1) Net sales include Intra-group sales and transfers. Cautionary Statement with Respect to Forward-Looking Statements This financial statement contains, in addition to historical facts, forward -looking statements regarding plans, outlook, strategies and future results. These explanations concerning future business results may or may not include words such as “believes,” “expects,” “plans,” “strategy,” “prospects,” “estimates,” and “forecasts,” or variations of these words or similar expressions. All such statements are based on management ’s assumptions and beliefs derived from the information available to it at the time of publication of this report. A variety of important factors may cause actual results to differ significantly from these forecasts. Thus, it is adv ised that investors refrain from making investment decisions based solely on these forward -looking statements. Nichirei and its Group companies will not necessarily revise their forward -looking statements in accordance with new information, future events and other results. Risks and uncertainties that could affect the actual results of Nichirei and its Group companies include, but are not limited to: 1) Economic conditions and industry environment surrounding the business activities of Nichirei and its Group companies ; 2) Foreign exchange rate fluctuations, particularly involving U.S. dollars and euros; 3) The feasibility of establishing a unified quality control structure covering product development, purchasing of ingredients, production and sales; 4) The feasibility of new product and service development; 5) Nichirei’s and its Group companies’ ability to implement growth strategies and build a low-cost structure; 6) The feasibility of achieving effective alliances between the Nichirei Group and outside companies; 7) Contingency and related risk, etc. However, factors that may affect the performance of the Nichirei Group are not limited to those listed above. Further, risks and uncertainties include the possibility of future events that may have a serious and unpredictable impact on the Group.