Interim report
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Stock code: 2897 Stock exchange listing: Tokyo URL: https://www.nissin.com/jp/company/ https://www.nissin.com/en_jp/ Phone: +81-3-3205-5111 Representative: Koki Ando, Representative Director, President and CEO Contact: Takashi Yano, Executive Officer and CFO Scheduled date of dividend payment: － Preparation of supplementary documents: Yes Holding of financial results meeting: Yes (for institutional investors and analysts) (in Japanese) (% figures represent year-on-year changes) Three Months of Revenue Core operating profit of existing businesses Operating profit Profit before tax Profit attributable to owners of the parent (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥ million) (%) FY 3/2027 194,665 +10.0 19,709 +13.5 17,961 +13.4 19,347 +16.5 13,275 +18.3 FY 3/2026 177,031 (4.3) 17,357 (25.5) 15,844 (27.5) 16,609 (27.5) 11,219 (29.3) Three Months of Basic earnings per share Diluted earnings per share (¥) (¥) FY 3/2027 46.24 45.93 FY 3/2026 38.37 38.11 As of Total assets Total equity Equity attributable to owners of the parent Equity attributable to owners of the parent to total assets (¥ million) (¥ million) (¥ million) (%) June 30, 2026 992,227 568,997 526,077 53.0 March 31, 2026 981,195 559,817 517,168 52.7 Cash dividend per share End of 1st quarter End of 2nd quarter End of 3rd quarter Year-end Total (¥) (¥) (¥) (¥) (¥) FY 3/2026 － 35.00 － 35.00 70.00 FY 3/2027 － FY 3/2027 (Forecast) 35.00 － 35.00 70.00 August 4, 2026 Consolidated Financial Statements for the Three Months Ended June 30, 2026 [Prepared under IFRS, UNAUDITED] NISSIN FOODS HOLDINGS CO., LTD. (All amounts are rounded down to the nearest million yen) 1. Consolidated Financial Results for the Three Months of the FY 3/2027 (April 1, 2026–June 30, 2026) (1) Consolidated Operating Results * Core operating profit of existing businesses Core operating profit of existing businesses is disclosed from the FY 3/2022 Core operating profit of existing businesses = operating profit - profit or loss of new businesses - other income and expenses as non-recurring income and expenses (2) Consolidated Financial Position 2. Details of Dividends Note: Modifications to the dividend forecast published most recently: None - 1 -
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(% figures represent changes from the previous fiscal year) Revenue Core operating profit of existing businesses Operating profit Profit attributable to owners of the parent Basic earnings per share (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥) FY 3/2027 860,000 +9.1 73,500 4.1 66,000 ~69,500 5.9 ~11.5 45,500 ~48,000 0.3 ~5.8 159 ~167 Three months of FY 3/2027 297,584,500 shares FY 3/2026 297,584,500 shares Three months of FY 3/2027 10,465,010 shares FY 3/2026 10,526,205 shares Three months of FY 3/2027 287,119,551 shares Three months of FY 3/2026 292,385,652 shares 3. Forecasts of Consolidated Financial Results for the FY 3/2027 (April 1, 2026–March 31, 2027) Note: Modifications to the forecast published most recently: None * Forecasts of consolidated financial results for the FY 3/2027 are disclosed with certain range, in order to actively invest in new businesses within 5 - 10% of core operating profit of existing businesses. Notes: (1) Significant changes in the scope of consolidation during the period: None -Newly consolidated: None -Excluded from consolidation: None (2) Changes in accounting policies and changes in accounting estimates: 1) Changes in accounting policies required by IFRS: None 2) Changes in accounting policies other than 1): None 3) Changes in accounting estimates: None (3) Number of shares outstanding (common stock) 1) Number of shares outstanding (including treasury shares) as of the end of: 2) Number of treasury shares as of the end of: 3) Average number of shares during the period: * Review of the Japanese-language originals of the attached condensed quarterly consolidated financial statements by certified public accountants or an audit firm: None * Notes for proper use of forecasts and other remarks Disclaimer regarding appropriate use of forecasts: Forecasts contain forward-looking statements based on estimates made as of the day of release of these materials. Actual results may differ materially depending on a number of factors including but not limited to potential risks and uncertainties. - 2 -
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(Millions of yen) FY 3/2026 (As of March 31, 2026) FY 3/2027 (As of June 30, 2026) Assets Current assets Cash and cash equivalents 98,334 99,715 Trade and other receivables 114,338 107,262 Inventories 76,018 84,841 Income taxes receivable 37 318 Other financial assets 14,612 13,854 Other current assets 21,063 21,588 Total current assets 324,405 327,579 Non-current assets Property, plant and equipment 426,500 433,532 Goodwill and intangible assets 21,549 21,677 Investment property 8,029 8,015 Investments accounted for using the equity method 121,988 125,520 Other financial assets 64,098 60,817 Deferred tax assets 13,836 14,191 Other non-current assets 786 891 Total non-current assets 656,790 664,647 Total assets 981,195 992,227 4. Condensed Consolidated Financial Statements and Major Notes (1) Condensed Consolidated Statements of Financial Position - 3 -
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(Millions of yen) FY 3/2026 (As of March 31, 2026) FY 3/2027 (As of June 30, 2026) Liabilities and equity Liabilities Current liabilities Trade and other payables 149,668 136,389 Borrowings 50,782 51,304 Commercial papers 22,000 6,000 Accrued income taxes 9,330 6,248 Other financial liabilities 4,536 4,678 Other current liabilities 27,375 24,885 Total current liabilities 263,693 229,506 Non-current liabilities Bonds and borrowings 102,752 141,126 Other financial liabilities 24,242 23,598 Defined benefit liabilities 5,337 5,277 Provisions 225 221 Deferred tax liabilities 20,945 19,342 Other non-current liabilities 4,179 4,155 Total non-current liabilities 157,683 193,723 Total liabilities 421,377 423,229 Equity Share capital 25,122 25,122 Capital surplus 39,812 40,148 Treasury shares (33,655) (33,459) Other components of equity 100,313 105,519 Retained earnings 385,575 388,745 Total equity attributable to owners of the parent 517,168 526,077 Non-controlling interests 42,649 42,920 Total equity 559,817 568,997 Total liabilities and equity 981,195 992,227 - 4 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Revenue 177,031 194,665 Cost of sales 116,570 128,048 Gross profit 60,461 66,616 Selling, general and administrative expenses 47,460 52,516 Gain on investments accounted for using the equity method 3,017 3,781 Other income 254 213 Other expenses 427 133 Operating profit 15,844 17,961 Finance income 1,512 2,580 Finance costs 747 1,195 Profit before tax 16,609 19,347 Income tax expense 4,792 5,242 Profit 11,817 14,104 Profit attributable to Owners of the parent 11,219 13,275 Non-controlling interests 598 828 Profit 11,817 14,104 Earnings per share Basic earnings per share (Yen) 38.37 46.24 Diluted earnings per share (Yen) 38.11 45.93 (2) Condensed Consolidated Statements of Income and Comprehensive Income (Condensed Consolidated Statements of Income) - 5 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 11,817 14,104 Other comprehensive income Items that will not be reclassified to profit or loss Net change in equity instruments measured at fair value through other comprehensive income 2,192 (2,270) Share of other comprehensive income of investments accounted for using the equity method 41 472 Total items that will not be reclassified to profit or loss 2,233 (1,798) Items that may be reclassified to profit or loss Cash flow hedges (8) 39 Foreign currency translation differences on foreign operations (473) 7,621 Share of other comprehensive income of investments accounted for using the equity method (2,044) 51 Total items that may be reclassified to profit or loss (2,526) 7,712 Total other comprehensive income (292) 5,913 Comprehensive income 11,524 20,017 Comprehensive income attributable to Owners of the parent 11,386 18,528 Non-controlling interests 137 1,489 Comprehensive income 11,524 20,017 (Condensed Consolidated Statements of Comprehensive Income) - 6 -
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(Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Treasury shares Other components of equity Stock acquisition rights to shares Foreign currency translation differences on foreign operations Cash flow hedges Net change in financial instruments measured at fair value through other comprehensive income Balance at April 1, 2025 25,122 39,662 (31,049) 2,841 12,535 11 25,727 Profit - - - - - - - Other comprehensive income - - - - (10) (8) 2,189 Total comprehensive income - - - - (10) (8) 2,189 Acquisition of treasury shares - (11) (8,985) - - - - Disposal of treasury shares - - 59 (40) - - - Cancellation of treasury shares - - 17,493 - - - - Cash dividend paid - - - - - - - Share-based payment transactions - 116 - - - - - Transfer from other components of equity to retained earnings - - - - - - - Other - - - - - - - Total transactions with owners of the parent - 104 8,567 (40) - - - Balance at June 30, 2025 25,122 39,767 (22,481) 2,801 12,524 2 27,917 (3) Condensed Consolidated Statements of Changes in Equity Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) - 7 -
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Equity attributable to owners of the parent Non- controlling interests Total equity Other components of equity Retained earnings Total Share of other comprehensive income of investments accounted for using the equity method Total Balance at April 1, 2025 18,784 59,899 381,893 475,528 36,372 511,901 Profit - - 11,219 11,219 598 11,817 Other comprehensive income (2,003) 167 - 167 (460) (292) Total comprehensive income (2,003) 167 11,219 11,386 137 11,524 Acquisition of treasury shares - - - (8,997) - (8,997) Disposal of treasury shares - (40) (19) 0 - 0 Cancellation of treasury shares - - (17,493) - - - Cash dividend paid - - (10,284) (10,284) (1,330) (11,614) Share-based payment transactions - - - 116 - 116 Transfer from other components of equity to retained earnings (174) (174) 174 - - - Other - - 13 13 39 53 Total transactions with owners of the parent (174) (214) (27,609) (19,151) (1,290) (20,442) Balance at June 30, 2025 16,606 59,852 365,503 467,764 35,220 502,984 - 8 -
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(Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Treasury shares Other components of equity Stock acquisition rights to shares Foreign currency translation differences on foreign operations Cash flow hedges Net change in financial instruments measured at fair value through other comprehensive income Balance at April 1, 2026 25,122 39,812 (33,655) 2,679 35,857 78 34,812 Profit - - - - - - - Other comprehensive income - - - - 6,960 39 (2,270) Total comprehensive income - - - - 6,960 39 (2,270) Acquisition of treasury shares - - (0) - - - - Disposal of treasury shares - - 196 (108) - - - Cash dividend paid - - - - - - - Share-based payment transactions - 18 - - - - - Changes in the ownership interest in subsidiary without a loss of control - 317 - - - - - Transfer from other components of equity to retained earnings - - - - - - 472 Other - - - - - - - Total transactions with owners of the parent - 336 195 (108) - - 472 Balance at June 30, 2026 25,122 40,148 (33,459) 2,570 42,817 117 33,014 Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) - 9 -
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Equity attributable to owners of the parent Non- controlling interests Total equity Other components of equity Retained earnings Total Share of other comprehensive income of investments accounted for using the equity method Total Balance at April 1, 2026 26,885 100,313 385,575 517,168 42,649 559,817 Profit - - 13,275 13,275 828 14,104 Other comprehensive income 523 5,252 - 5,252 661 5,913 Total comprehensive income 523 5,252 13,275 18,528 1,489 20,017 Acquisition of treasury shares - - - (0) - (0) Disposal of treasury shares - (108) - 87 - 87 Cash dividend paid - - (10,047) (10,047) (1,504) (11,551) Share-based payment transactions - - - 18 - 18 Changes in the ownership interest in subsidiary without a loss of control - - - 317 178 496 Transfer from other components of equity to retained earnings (410) 61 (61) - - - Other - - 3 3 108 111 Total transactions with owners of the parent (410) (46) (10,105) (9,619) (1,217) (10,837) Balance at June 30, 2026 26,998 105,519 388,745 526,077 42,920 568,997 - 10 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Operating activities Profit before tax 16,609 19,347 Depreciation and amortization 8,220 9,771 Increase (decrease) in defined benefit liabilities (111) (174) Finance income and costs (1,164) (1,717) (Gain) loss on investments accounted for using the equity method (3,017) (3,781) (Gain) loss on sales and retirement of property, plant and equipment and others 27 (12) (Increase) decrease in inventories (3,646) (7,864) (Increase) decrease in trade and other receivables 10,165 8,064 Increase (decrease) in trade and other payables (7,294) (10,292) Other (3,507) (1,977) Subtotal 16,282 11,362 Interest and dividends received 2,840 2,559 Interest paid (592) (1,008) Income taxes paid (5,285) (9,157) Cash flows from operating activities 13,244 3,755 Investing activities Payments into time deposits (1,805) (4,061) Proceeds from redemption of time deposits 4,064 4,256 Payment for purchases of property, plant and equipment and others (20,734) (14,882) Proceeds from sales of property, plant and equipment and others 12 32 Payment for acquisition of intangible assets (60) (112) Payment for purchases of investments in securities (2) (133) Proceeds from sales and redemption of investments in securities 12 286 Other － (0) Cash flows from investing activities (18,514) (14,615) (4) Condensed Consolidated Statements of Cash Flows - 11 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Financing activities Net increase (decrease) in short-term borrowings (5,930) 1,761 Net increase (decrease) in commercial papers 40,000 (16,000) Proceeds from long-term borrowings 1,600 26 Repayment of long-term borrowings (460) (2,153) Proceeds from issuance of bonds － 38,851 Net increase in treasury shares (9,045) (0) Cash dividends paid (10,284) (10,047) Cash dividends paid to non-controlling-interest shareholders (1,330) (1,504) Proceeds from payment from non-controlling-interest shareholders － 317 Other (999) (1,436) Cash flows from financing activities 13,550 9,815 Effect of exchange rate changes on cash and cash equivalents 921 2,424 Net increase (decrease) in cash and cash equivalents 9,201 1,380 Cash and cash equivalents at the beginning of the period 73,036 98,334 Cash and cash equivalents at the end of the period 82,237 99,715 - 12 -
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(5) Notes to Condensed Quarterly Consolidated Financial Statements (Notes on premise of going concern) No items to report (Segment Information) 1) Outline of reportable segments The Group’s reportable segments are components of the Group for which separate financial information is available and regular evaluation by the Board of Directors is being performed in order to make decisions about resources to be allocated and assess its performance. The Group employs holding company system of nine operating companies in Japan and four overseas business regions as strategy platforms, and the reportable segments consist of "NISSIN FOOD PRODUCTS", "MYOJO FOODS", "Chilled / Frozen foods and beverages", "Confectionery / Snack", "The Americas" and "China". The segments of "NISSIN FOOD PRODUCTS", "MYOJO FOODS", "The Americas" and "China" are mainly operating the business of manufacturing and selling cup- and bag-type noodles. The "Chilled / Frozen foods and beverages" segment is operating the business of manufacturing and selling chilled and frozen foods and beverages. "Confectionery / Snack" segment is operating the business of manufacturing and selling confectionery and snack. 2) Segment profit and performance The accounting methods of reportable business segments are generally the same as the accounting policies applied for the consolidated financial statements for the previous fiscal year. Figures reported as segment profit are based on the operating profit reported in the condensed quarterly consolidated statements of income. Revenue from intersegment transactions and transfers are based on the current market prices. - 13 -
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(Millions of yen) Reportable segments Others (Note 1) Total Reconciliat ions (Note 2) ConsolidatedNISSIN FOOD PRODUCTS MYOJO FOODS Chilled / Frozen foods and beverages Confectio nery / Snack The Americas China Subtotal Revenue Sales to external customers 52,940 11,635 26,154 23,743 33,380 16,689 164,544 12,487 177,031 - 177,031 Intersegment sales 293 1,476 212 31 12 761 2,788 11,679 14,468 (14,468) - Total 53,234 13,112 26,366 23,774 33,393 17,450 167,332 24,167 191,499 (14,468) 177,031 Segment profit (Operating profit) 7,566 1,316 2,728 1,414 2,259 1,311 16,597 2,594 19,191 (3,346) 15,844 Finance income 1,512 Finance costs 747 Profit before tax 16,609 Other items Depreciation and amortization 3,724 468 694 753 824 735 7,201 1,013 8,214 6 8,220 Gain on investments accounted for using the equity method - - - - - - - 3,017 3,017 - 3,017 Capital expenditures 5,215 501 789 2,235 6,514 1,393 16,650 1,564 18,215 (0) 18,215 Three months ended June 30, 2025 (From April 1, 2025, to June 30, 2025) (Note) 1. "Others" consists of the business segments not included in reportable segments such as Europe, Asia, New businesses and other business. 2. Operating profit under "Reconciliations" amounted to minus ¥ 3,346 million, consisting of minus ¥ 987 million from elimination of intersegment transactions and minus ¥ 2,359 million from group expenses. - 14 -
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(Millions of yen) Reportable segments Others (Note 1) Total Reconciliat ions (Note 2) ConsolidatedNISSIN FOOD PRODUCTS MYOJO FOODS Chilled / Frozen foods and beverages Confectio nery / Snack The Americas China Subtotal Revenue Sales to external customers 53,171 12,355 25,933 26,154 42,527 18,994 179,137 15,528 194,665 - 194,665 Intersegment sales 324 1,053 207 22 21 458 2,088 22,031 24,119 (24,119) - Total 53,496 13,408 26,140 26,177 42,549 19,452 181,225 37,559 218,784 (24,119) 194,665 Segment profit (Operating profit) 8,304 1,243 2,486 2,114 2,787 1,679 18,616 2,519 21,135 (3,173) 17,961 Finance income 2,580 Finance costs 1,195 Profit before tax 19,347 Other items Depreciation and amortization 4,082 526 821 990 1,274 656 8,352 1,410 9,763 8 9,771 Gain on investments accounted for using the equity method - - - - - - - 3,781 3,781 - 3,781 Capital expenditures 2,146 486 580 1,109 5,991 606 10,920 905 11,825 (0) 11,825 Three months ended June 30, 2026 (From April 1, 2026, to June 30, 2026) (Note) 1. "Others" consists of the business segments not included in reportable segments such as Europe, Asia, New businesses and other business. 2. Operating profit under "Reconciliations" amounted to minus ¥ 3,173 million, consisting of minus ¥ 569 million from elimination of intersegment transactions and minus ¥ 2,604 million from group expenses. - 15 -