Maruha Nichiro (1333) Investor Presentation summary

Segment overview and positioning

• Foodstuff Distribution is the largest segment, accounting for 60% of net sales and 38% of operating income in FY2024.

• The segment maximizes the value chain by offering differentiated products for diverse BtoB categories.

• It integrates marine, meat, and agricultural products with advanced processing and strong procurement capabilities.

Business model and competitive advantage

• Leverages broad procurement, advanced processing, and diverse sales channels to serve food service, retail, and institutional clients.

• Strong customer proposal capabilities and product development tailored to market needs.

Financial performance and targets

• FY2024 net sales: ¥624.9 billion; operating income: ¥10.0 billion.

• FY2025 forecast: net sales ¥616.6 billion, operating income ¥10.0 billion.

• FY2028 target: net sales ¥700 billion, operating income ¥13 billion, ROIC 4.5%.

• Overseas net sales expected to rise from ¥3.5 billion (2024) to ¥10 billion (2028).