Maruha Nichiro (1333) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, increased 1.1% year-over-year to 837.6 bln JPY, with operating income up 5.5% to 29.4 bln JPY, driven by Marine Resources and strong European performance.

• Ordinary income declined 5.7% year-over-year to 29.2 bln JPY.

• Profit attributable to owners of parent dropped 24.7% year-over-year to 17.5 bln JPY, impacted by lower extraordinary income.

Financial highlights

• Gross profit increased by 5.3 bln JPY year-over-year to 120.1 bln JPY, with improved gross margin.

• Basic earnings per share for the period was 115.78 JPY, down from 153.79 JPY, reflecting a share split.

• Comprehensive income decreased 15.0% year-over-year to 25.1 bln JPY.

• Extraordinary income fell by 5.7 bln JPY, mainly due to lower gains on sale of investment securities.

• Cash and cash equivalents at period end increased to 58.0 bln JPY from 44.9 bln JPY year-over-year.

Outlook and guidance

• Full-year net sales forecast is 1,080.0 bln JPY, up 0.1% year-over-year.

• Full-year operating income forecast maintained at 30.0 bln JPY; profit attributable to owners of parent revised down to 19.5 bln JPY due to expected extraordinary gains/losses in Q4.

• Basic earnings per share forecast is 128.99 JPY, considering the share split.

• Year-end dividend per share increased by 4 yen to 24 yen post-split; 3-for-1 stock split effective December 31, 2025.