Kyokuyo Co., Ltd. · TSE:1301

Kyokuyo — FY2025 Earnings Presentation

43 slides from Kyokuyo's earnings presentation, May 22, 2026

  1. Slide 1: IR Presentation Materials: FY2025 Financial Results

    IR Presentation Materials: FY2025 Financial Results May 2026 KYOKUYO CO., LTD. Tokyo Stock Exchange Prime Section Securities Code: 1301 Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved.

  2. Slide 2: Contents

    Contents 1. FY2025 Review pp.3-6 2. Forecast for FY2026 pp.7-10 3. FY2025 Performance pp.11-17 4. Status by Segment pp.18-28 5. Shareholder Returns pp.29-30 Reference Materials pp.31-38 Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 2

  3. Slide 3: 1. FY2025 Review

    1. FY2025 Review Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 3

  4. Slide 4: FY2025 Highlights

    FY2025 Highlights Profit Attributable to Net Sales Operating Profit Ordinary Profit Owners of Parent 334.6 bn yen 10.7 bn yen 10.0 bn yen 6.8 bn yen Y-o-Y +31.9 bn yen Y-o-Y -0.3 bn yen Y-o-Y -0.8 bn yen Y-o-Y +0.1 bn yen (+10.5%) (-3.1%) (-7.6%) (+1.5%) Record highs for the Record highs for the 2nd

  5. Slide 5: Progress in Priority Measures of the Medium-term Business Plan

    Progress in Priority Measures of the Medium-term Business Plan Perspective Globalization Expanding business base Expanding Overseas Businesses Medium-term FY2025 Overseas net sales ratio 15% or more (60 bn yen) Business Plan Targets Overseas Net Sales (Overseas Net Sales Ratio) (Billions of yen) FY2

  6. Slide 6: Progress in Priority Measures of the Medium-term Business Plan

    Progress in Priority Measures of the Medium-term Business Plan Perspective Four businesses Expanding business base *Neribushi: processed fish product used in commercial dashi powder, etc. ➢ Completion of a dedicated Neribushi* plant [April 2025] Purpose: 1) enhance business profitability Neribushi p

  7. Slide 7: 2. Forecast for FY2026

    2. Forecast for FY2026 Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 7

  8. Slide 8: Consolidated Performance Forecast & Medium-term Plan Targets

    Consolidated Performance Forecast & Medium-term Plan Targets FY2026 Medium- FY2023 FY2024 FY2025 Consolidated term Results Results Results Performance Business Forecast Plan Targets (FY2026) Net sales 261.6 bn yen 302.6 bn yen 334.6 bn yen 365.0 bn yen 400.0 bn yen Operating 8.8 bn yen 11.0 bn yen 1

  9. Slide 9: Capital Investment Plan

    Capital Investment Plan Overview FY2026 Plan Major Investments Production plant-related 0.5 bn yen Laboratory-related 0.1 bn yen Advancement of DX Sea-based aquaculture business 0.1 bn yen 0.4 bn yen for systems implementation, Kyokuyo IT-related & other 0.5 bn yen etc. Total 1.2 bn yen Domestic: Es

  10. Slide 10: Roadmap to Medium-term Plan Targets

    Roadmap to Medium-term Plan Targets FY2024 FY2025 FY2026 Marine Promotion of high-added- Reduction of volatility Generation of steady For a strong value products cash flows Products Business Improving the ability to respond to the marine products market under Kyokuyo inflationary conditions Expansio

  11. Slide 11: 3. FY2025 Performance

    3. FY2025 Performance Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 11

  12. Slide 12: Consolidated Statements of Income

    Consolidated Statements of Income (Millions of yen) Y-o-Y Versus the Forecast for FY2024 FY2025 full-year Change Change ratio FY2025* forecast Net sales 302,681 334,612 31,931 10.5% 330,000 101.4% Operating 11,079 10,731 -347 -3.1% 11,100 97.6% profit Ordinary profit 10,857 10,031 -826 -7.6% 10,300

  13. Slide 13: Consolidated Balance Sheet

    Consolidated Balance Sheet (Millions of yen) March 2025 March 2026 Y-o-Y March 2025 March 2026 Y-o-Y Assets Liabilities Current assets 134,260 156,706 22,445 Current liabilities 74,995 98,822 23,826 Notes and accounts payable-trade 10,004 14,496 4,491 Notes and accounts receivable-trade 36,935 39,21

  14. Slide 14: Consolidated Cash Flows

    Consolidated Cash Flows (Millions of yen) FY2024 FY2025 Y-o-Y Profit before income taxes 10,848 10,040 -807 Depreciation 2,624 3,034 409 Decrease (increase) in trade receivables -527 -1,368 -841 Cash flows from operating activities Decrease (increase) in inventories -2,710 -12,562 -9,852 Increase (d

  15. Slide 15: Consolidated Finance-Related Metrics

    Consolidated Finance-Related Metrics Changes in Consolidated Financial Metrics FY2021 FY2022 FY2023 FY2024 FY2025 Y-o-Y Equity (Millions of yen) 42,705 47,541 58,976 66,515 77,366 10,851 Interest-bearing debt 58,121 68,973 74,625 80,746 92,992 15,626 (Millions of yen) Total assets (Millions of yen)

  16. Slide 16: Capital Investment Results

    Capital Investment Results Overview FY2025 Major Investments Production plant-related 0.2 bn yen Laboratory-related 0 bn yen Advancement of DX Kyokuyo Sea-based aquaculture business 0.1 bn yen 0.2 bn yen for systems implementation, IT-related & other 0.3 bn yen etc. Total 0.6 bn yen Production plant

  17. Slide 17: Depreciation Results

    Depreciation Results (Millions of yen) FY2023 FY2024 FY2025 Results Results Results Depreciation 2,427 2,624 3,034 Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 17

  18. Slide 18: 4. Status by Segment

    4. Status by Segment Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 18

  19. Slide 19: Net Sales and Profit by Segment

    Status by Segment Net Sales and Profit by Segment (Millions of yen) Net Sales Profit by Business Segment FY2024 FY2025 Y-o-Y FY2024 FY2025 Y-o-Y Marine Products 168,668 195,039 26,371 6,109 5,750 -359 Business Freshfoods Business 65,850 71,725 5,875 3,615 3,856 241 Processed Food 65,940 65,528 -412

  20. Slide 20: Status by Segment

    Status by Segment (Millions of yen) Proportion of total in parentheses Logistics Business Logistics Business 1,737 347 (0.5%) Other (2.7%) Other 278 581 (2.2%) (0.2%) Processed Food Business Processed 65,528 Food Business (19.6%) 2,534 Marine (19.9%) Products Net Sales Operating Business Marine 334,

  21. Slide 21: Changes in Net Sales and Operating Profit by Segment

    Status by Segment Changes in Net Sales and Operating Profit by Segment (Millions of yen) Net Sales + 26,371 + 5,875 + 70 + 27 -412 Marine Products Freshfoods Processed Food Logistics Business Other Business Business Business Operating Profit + 241 (Millions of yen) + 87 + 52 -359 -370 Marine Product

  22. Slide 22: Marine Products Business

    Status by Segment Marine Products Business (Millions of yen) Net Sales Profit [Sales up, profit down] 8,000 200,000 195,039 Domestic Sales Although rising prices weakened consumer sentiment and Y-o-Y 168,668 reduced sales volumes of salmon and other key items, we 170,000 ＋15.6% focused on expanding

  23. Slide 23: Freshfoods Business

    Status by Segment Freshfoods Business (Millions of yen) Net Sales Profit [Sales up, profit up] 73,000 71,725 6,000 Sales of tuna and skipjack business 70,000 Y-o-Y 5,000 • Sales and profit expanded, led by growth in frozen bluefin ＋8.9% tuna, yellowfin tuna, and southern bluefin tuna, as well as 67,

  24. Slide 24: Processed Food Business

    Status by Segment Processed Food Business (Millions of yen) Net Sales Profit [Sales down, profit up] 70,000 4,000 65,940 65,528 Frozen foods for industrial-use Y-o-Y • Boneless fillets: sales and profit fell due to fiercer competition 60,000 -0.6% 3,000 from lower-priced imports and price hikes prom

  25. Slide 25: Logistics Business

    Status by Segment Logistics Business (Millions of yen) Net Sales Profit [Sales up, profit up] 1,800 500 Cold storage business 1,737 • Higher inbound volume and increased cargo turnover drove Y-o-Y 1,700 400 sales growth. 1,667 ＋4.2% Consigned forwarding business 347 • Profit improved after implement

  26. Slide 26: Status by Segment FY2026 Forecast

    Status by Segment FY2026 Forecast A new Processed Marine Products segment will be launched in FY2026. • Scope: fish cuts and fillets (previously Marine Products Business segment) + “Dandori Jozu” series (previously Processed Food Business segment). (Millions of yen) FY2026 Forecast Net Sales Segment

  27. Slide 27: FY2026 Measures by Segment

    FY2026 Measures by Segment Marine Products Business ⚫ Secure a stable supply of seafood by strengthening relationships with suppliers and, where appropriate, taking equity stakes to enhance both procurement power and access to resources. ⚫ Enlarge the handling volume of key species through stronger

  28. Slide 28: FY2026 Measures by Segment

    FY2026 Measures by Segment Processed Food Business ⚫ Secure profits through low-cost operations. ⚫ Concentrate on developing and marketing products for Home Meal Replacement (take-out/ready- to-eat) and in-home consumption markets. [Frozen foods] ⚫ For industrial-use: Focus on selling products of ow

  29. Slide 29: 5. Shareholder Returns

    5. Shareholder Returns Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 29

  30. Slide 30: Shareholder Returns

    Shareholder Returns Basic Approach to Profit Allocation Status of Dividend We consider proper returns of profits to shareholders to Dividend per Dividend be one of the key points in our business management. In DOE Share Payout Ratio addition to greater retained earnings to strengthen our corporate o

  31. Slide 31: Reference Materials

    Reference Materials Copyright © 2026 Kyokuyo Co., Ltd. All Rights Reserved. 31

  32. Slide 32: Marine Products Business: Net Sales and Unit Price by Seafood Type

    Reference Materials 1 Marine Products Business Net Sales and Unit Price of Each Seafood Type by Year * Unit price = Average for each FY (Millions of yen) (yen/kg) 50,000 1,600 45,000 Net Sales 1,400 Unit Price 40,000 1,200 35,000 1,000 30,000 25,000 800 20,000 600 15,000 400 10,000 200 5,000 0 0 FY2

  33. Slide 33: Freshfoods Business: Bluefin Tuna Farming

    Reference Materials 2 Freshfoods Business Segment Bluefin tuna farming business Sales Weight & Amount Weight (tons) (Millions of yen) Amount 1000 3,000 900 2,500 800 700 2,000 600 500 1,500 400 1,000 300 200 500 100 0 0 FY2021 FY2022 FY2023 FY2024 FY2025 Copyright © 2026 Kyokuyo Co., Ltd. All Rights

  34. Slide 34: Freshfoods Business: Overseas Purse Seine Fishing

    Reference Materials 3 Freshfoods Business Segment Overseas purse seine fishing business Catch Weight & Fish Prices Fish price = average for full year (tons) Weight Fish price (yen/kg) 40,000 300 35,000 280 30,000 260 25,000 240 20,000 220 15,000 200 10,000 180 5,000 160 0 140 FY2021 FY2022 FY2023 FY

  35. Slide 35: Breakdown of Sales in Processed Food Business

    Reference Materials 4 Breakdown of Sales in Processed Food Business FY2025 (65.528 billion yen) FY2024 (65.940 billion yen) By Temperature Range By Industry Type Shelf-stable food ■For industrial-use Frozen food ■For home-use 100% 15.6 15.9 90% bn yen bn yen 80% （24%） （24%） 70% 60% Approx. Approx. A

  36. Slide 36: ESG Topics

    Reference Materials 5 ESG Topics ➢ Sponsorship of the Japan Canoe Federation We support the activities of Japanese national team athletes and the Japan Canoe Federation as part of environmental conservation activities that convey to society the concept of “coexisting with nature” and “the importance

  37. Slide 37: Consolidated Performance by Year

    Reference Materials 6 ➢ Consolidated Performance by Year (Millions of yen) FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 253,575 272,167 261,604 302,681 334,612 Cost of sales 225,558 241,139 228,213 263,861 293,266 Gross profit 28,016 31,027 33,390 38,819 41,346 Selling & general administrative 21,62

  38. Slide 38: Consolidated Financial Metrics by Year

    Reference Materials 7 ➢ Consolidated Financial Metrics by Year FY2021 FY2022 FY2023 FY2024 FY2025 Net assets (Millions of yen) 42,174 46,966 58,860 68,355 78,868 Interest- bearing debt 58,121 68,973 74,625 80,746 92,992 (Millions of yen) Inventory turnover period 55.5 days 65.5 days 78.1 days 68.8 d

  39. Slide 39: Notes of Caution Regarding Forecasts

    Notes of Caution Regarding Forecasts These materials are created with the purpose of providing information about performance as at March 31, 2026 and our future management vision. Earning forecasts and estimates in these materials are based on the information currently available and include potentia

  40. Slide 40: Marine Products Business Domestic sales

    Marine Products Business Raw Sales Sales destination materials Procuring ・Processing business operators ・Wholesalers Domestic ・Food manufacturers ・Supermarkets from around ・Wholesale market sales ・Restaurant industry the world (Salmon and trout, shrimp, Processing Sales Sales destination mackerel, e

  41. Slide 41: Freshfoods Business

    Freshfoods Business Procurement Raw material Sales destination Skipjack (Catching by our own sales ・Wholesale market vessels and purchasing) ・Processing business Tuna operators business Procurement ・Food manufacturers (Purchasing and in-house farming) Processing Processed Sales destination Tuna (At

  42. Slide 42: Processed Food Business

    Strength in marine materials Sales destination of those Processed Food Business for industrial-use ・Supermarkets (deli counters) Production ・Izakaya (Japanese-style pubs) Frozen (At our own plants and Sales ・Restaurants food partner factories) ・Industrial food service ・Ready-made meals vendor ・Simme

  43. Slide 43: Logistics Business

    We do not develop transportation services by truck. Main business is storage and delivery arrangement of marine products and food products of the Logistics Business Kyokuyo Group. Overseas marine products suppliers Delivery Our own plants Storage (cold storage) Delivery destination arrangements (Pro

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