Umios Corporation · TSE:1333
Umios — Maruha Nichiro — Q2 FY2026 Earnings Presentation
38 slides from Umios's earnings presentation, Nov 12, 2025
Slide 1: Consolidated Financial Results for the 2nd Quarter (Interim) FY Ending March 2026
Consolidated Financial Results for the 2nd Quarter (Interim) of the Fiscal Year Ending March 2026 (April 2025-September 2025) November 12, 2025 Maruha Nichiro Corporation （TSE：1333） Masaru Ikemi, Representative Director, President & CEO Copyright ©Maruha Nichiro Corporation
Slide 2: Table of Contents
Table of Contents 1. Overview of the 2nd Quarter (Interim) Results and Full-Year Forecast of Fiscal Year Ending March 2026….........................…….........P.4 2. Key Focus Themes and Progress under the Mid-Term Management Plan ……….P.19 3. Appendix……………………………………………………………………………………….P.31 Copyright
Slide 3: About the Company
About the Company Integrated upstream-to-downstream model from marine resource procurement to distribution and processing Marine Competitive Advantage Segments Resources Fishery, Aquaculture, North America ➢ Procurement network spanning 70 countries and Operations regions Foodstuff Processed ➢ Uniqu
Slide 4: Overview of the 2nd Quarter Results and Full-Year Forecast
Overview of the 2nd Quarter (Interim) Results and Full-Year Forecast of Fiscal Year Ending March 2026 Copyright ©Maruha Nichiro Corporation
Slide 5: Financial Highlights (1): Consolidated Group
Financial Highlights (1): Consolidated Group ⚫ Following 1Q, operating income reached a record high of 18.7 billion JPY for the interim period, progressing smoothly toward achieving the upwardly revised full-year plan ⚫ Particularly notable contributions from significant revenue improvements in the
Slide 6: Financial Highlights (2): Overview by Segment
Financial Highlights (2): Overview by Segment Net Sales (Bln.JPY) Net sales: Flat YoY／Operating income: Increase Marine Resources 61.9 61.6 Marine Resources (Segment operating income: 1.0 bln. JPY, YoY: +3.3 bln. JPY) Biz Segment 58.1 Business • Alaska pollock prices remained firm, supporting strong
Slide 7: Financial Highlights (3): Quarterly Performance Trends
Financial Highlights (3): Quarterly Performance Trends Operating income reached a record-high 18.7 billion JPY for the first half, ensuring steady profit growth (Bln.JPY) Net Sales Operating Income 1,078.6 1,020.5 1,030.7 30.4 29.6 2.6 26.5 2.5 250.5 866.7 239.4 243.3 23.8 1.2 (Interim) 205.5 (Inter
Slide 8: Factors of Increase/Decrease in Operating Income (YoY)
Factors of Increase/Decrease in Operating Income (YoY) The Marine Products Resources Business Segment showed significant improvement, the Foodstuff Distribution Business Segment remained flat YoY, while the Processed Foods Business Segment saw a decline Increase Decrease Total (Bln.JPY) 3.3 0.1 18.7
Slide 9: Marine Resources Business Segment
Marine Resources Business Segment Overall operating income increased by 3.3 billion JPY YoY due to improved profitability in the North America operations and enhanced operational efficiency in the Fishery business as outlined in the Mid-term Management Plan Unit Interim Overview Net sales decreased
Slide 10: Foodstuff Distribution Business Segment
Foodstuff Distribution Business Segment Higher sales prices for marine products in Japan and overseas, and improved profitability of core products Unit Interim Overview Marine (Bln.JPY) <Domestic> Selling prices of marine products, including Products scallops and shrimp etc., increased. Mar/26 Mar/2
Slide 11: Processed Foods Business Segment
Processed Foods Business Segment Due to high raw material prices and increased costs, operating income decreased by 0.5 billion JPY YoY, but the results were in line with expectations (Bln.JPY) Unit Interim Overview Mar/26 Mar/25 YoY change Net sales increased due to strong sales of the pet Unit Pro
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet (Bln.JPY) Sep/25 Mar/25 Change Remarks (Year-end change) Cash & deposits (+1.4), Current Assets 436.9 414.6 22.3 Notes & accounts receivable -trade and contract (+8.5), Inventories (+11.4) Property, plant and equipment (+3.1), Non-current Assets 277.3 266.6 10.7 Intangible
Slide 13: Consolidated Cash Flows
Consolidated Cash Flows (Bln.JPY) Mar/26 Mar/25 Change Main contents Interim Interim ・Profit before income taxes 22.2 ・Depreciation and amortization (including goodwill) 9.8 ・Loss (gain(-)) on sale of investment securities -3.8 Cash Flows from Operating Activities 11.3 8.9 2.4 ・Decrease (Increase(-)
Slide 14: FY Ending March 2026 Full-Year Forecast and Interim Performance
FY Ending March 2026 Full-Year Forecast and Interim Performance ⚫ Steady progress toward achieving the upwardly revised forecast (announced on August 5, 2025) (Bln.JPY) Mar/26 Mar/25 Mar/26 Revised Change % Results Interim Forecast (B-A) (C/B) (A) (C) (B) Net Sales 1,078.6 1,080.0 1.4 536.7 49.7% Op
Slide 15: FY Ending March 2026 Overview by Segment
FY Ending March 2026 Overview by Segment (Full-Year Forecast, Interim Results, and Initiatives) (Bln.JPY) Initiatives Mar/25 Mar/26 Mar/26 Change Segment Results Revised Forecast B-A Interim % ⚫ Marine Resources Biz Segment: (A) (B) Results •Improve efficiency through cost Net Sales reduction and op
Slide 16: Performance Outlook by Segment and Business Environment by Unit
Performance Outlook by Segment and Business Environment by Unit Segment / Unit Performance Outlook and Business Environment (Performance outlook) Although results for the first half exceeded the full-year plan, each unit maintains a cautious outlook for the second half Although structural reforms ar
Slide 17: Shareholder Returns (Stock Split and Commemorative Shareholder Benefits)
Shareholder Returns (Stock Split and Commemorative Shareholder Benefits) ⚫ [Stock Split] To expand our investor base and enhance market liquidity, we implemented a 3-for-1 stock split ⚫ [Shareholder Benefits] Launched a limited-time shareholder benefit to commemorate the new company name and promote
Slide 18: (Reference) Dividend per share (post-stock split)
(Reference) Dividend per share (post-stock split) ⚫ For the fiscal year ending March 2026, the dividend is planned at 110 yen per share annually (50 yen at the end of the 2nd quarter and 60 yen at year-end), based on a 30% payout ratio (progressive dividend) ⚫ Considering 3-for-1 stock split (record
Slide 19: Key Focus Themes and Progress under the Mid-Term Management Plan
2. Key Focus Themes and Progress under the Mid-Term Management Plan Copyright ©Maruha Nichiro Corporation
Slide 20: (Repost) Mid-Term Management Plan Strategy and Operating Income Target
(Repost) Mid-Term Management Plan Strategy and Operating Income Target Building on the “Value Cycle” and “Glocal Strategy,” we are targeting 40 billion JPY in operating income through “Challenge” and “Co-creation.” Financial Targets Actions to achieve the new long-term vision Operating Income ROIC 4
Slide 21: (Repost) Business Strategies by Unit for FY Ending March 2028
(Repost) Business Strategies by Unit for FY Ending March 2028 Set and drive business strategies for each Unit Segment Theme Unit Business Strategy Rebuilding towards a sustainable Fishery Business structure Selection and Marine Strengthening to become the next pillar of concentration on Aquaculture
Slide 22: Today's Overview (Key Focus Themes and Ongoing Initiatives)
Today’s Overview (Key Focus Themes and Ongoing Initiatives) Three Key Themes and Progress of Ongoing Initiatives under the Mid-term Management Plan Marine Resources Foodstuff Distribution Business Processed Foods Business Segment Segment Business Segment North America Marine Products Processed Foods
Slide 23: North America Operations Unit
North America Operations Unit Upstream operations showed significant improvement, turning profitable in 1Q following progress on Mid-term Management Plan initiatives <Key Factors Contributing to Improvement> Operating Income Trends of the N. America Operations Unit Profit and Loss Overview of North
Slide 24: Factors Behind Operating Income Growth of the Marine Products Trading Unit / European Business
Factors Behind Operating Income Growth of the Marine Products Trading Unit / European Business Operating income up 28% in Europe, driven by price revisions and M&A amid stable consumer demand Operating Income Trends <Factors Behind Operating Income Increase> Of European Business (Seafood Connection
Slide 25: Competitive Advantages and Growth Strategy of the Marine Products Trading / European Business
Competitive Advantages and Growth Strategy of the Marine Products Trading / European Business Overview of Seafood Connection Group’s European Business: ➢ Based in the Netherlands, it supplies frozen marine products and processed frozen products to retailers, foodservice and marine product processors
Slide 26: Overview of Processed Foods Unit / Pet Food Business
Overview of Processed Foods Unit / Pet Food Business Manufacturing, processing, and selling pet food, targeting 1.5x growth by March 2026 (plan) from 2022 levels Country Company Business Overview Aixia Established 1990, domestic sales of own-brand pet food; ranks second* in domestic wet cat Japan fo
Slide 27: Market Trends, Competitive Strengths, and Strategic Direction of Pet Food Business
Market Trends, Competitive Strengths, and Strategic Direction of the Processed Foods Business Unit / Pet food Business <U.S.-Driven Steady Growth in the Global Pet Food Market> Competitive Strengths and ➢ Market size estimated at approx. 18 trillion JPY in 2024 Strategic Direction of Our Business ➢
Slide 28: Progress of Growth Investments
Progress of Growth Investments Interim M&A activities concluded; exploring further opportunities Progress of Growth Investments: Approximately 140 billion JPY M&A and Business Alliances to Strengthen Downstream Operations Cash Allocation for FY Ending March 2026-2028 (3-Year Period) ✓ Acquisition an
Slide 29: Topics: Initiatives for Sustainable Protein Supply
Topics: Initiatives for Sustainable Protein Supply Successful Pilot Farming of Pacific Saury Development of Cultivated Bluefin Tuna Pioneering aquaculture to ensure consistent supply of Aquaculture Technology (High-Quality Bluefin Tuna Cells) × seasonal Pacific saury Cultivation Technology → Aiming
Slide 30: Review
Review ➢ Operating income reached a new record high, continuing from the strong first quarter performance ➢ Steady execution of initiatives under the Mid-term Management Plan ➢ While some businesses are cautiously projecting results for the second half, overall performance is progressing smoothly to
Slide 31: Appendix
Appendix Copyright ©Maruha Nichiro Corporation
Slide 32: Consolidated Statement of Income
Consolidated Statement of Income (Bln.JPY) Mar/26 Mar/25 Change Interim Interim <Non-operating Income Breakdown> Net Sales 536.7 532.1 4.6 ・Foreign exchange loss: 1.1 bln.JPY Cost of Sales 458.7 458.8 -0.1 Gross Profit 78.0 73.3 4.6 <Extraordinary Income Breakdown> Expense 59.2 57.3 2.0 ・Gain on sal
Slide 33: Quarterly Performance Trends by Segment
Quarterly Performance Trends by Segment Net Sales Operating Income (Bln.JPY) 32.7 0.6 28.9 0.4 0.4 1.6 -0.1 -0.3 -2.4 33.7 35.4 28.2 30.3 -1.1 -1.2 -2.0 Marine Resources 26.7 31.4 29.6 27.2 1Q 2Q 3Q 4Q Business 1Q 2Q 3Q 4Q March/24 March/25 March/26 March/24 March/25 March/26 182.7 188.0 4.8 4.4 Foo
Slide 34: Overview of Corporate Transformation Expenses and Estimated Quarterly Expenditures
Overview of Corporate Transformation Expenses and Estimated Quarterly Expenditures Executing corporate transformation to foster a culture of “Challenge” and “Co-creation,” the foundation for the “Value Cycle” and “Glocal Strategy” outlined in the Mid-term Management Plan Quarterly and Annual Expendi
Slide 35: 2025 Integrated Report Now Available (in Japanese)
2025 Integrated Report Now Available (in Japanese) ■ Transformation into a Solution Company Becoming Umios and taking a new step toward the next 100 years. Introducing our transformation into a solution company that addresses social challenges through food ■ Initiatives to Enhance Corporate Value Ex
Slide 36: Quarterly Results by Segment and Unit
Quarterly Results by Segment and Unit Results by Segment/Unit and by quarter are available in Excel format. Please download from here. Copyright ©Maruha Nichiro Corporation 36
Slide 37: Thank You
Thank You Copyright ©Maruha Nichiro Corporation
Slide 38: This material has been designed as part of Maruha Nichiro’ public relations and IR
This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings and evaluations, about Maruha Nichiro and its group companies that are not historical facts. These forward-looking statements are based on current fore