Toyo Suisan Kaisha, Ltd. · TSE:2875
Toyo Suisan Kaisha — FY2025 Earnings Presentation
64 slides from Toyo Suisan Kaisha's earnings presentation, May 15, 2026
Slide 1: Financial Presentation Materials for the Fiscal Year Ended March 31, 2026
This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indire
Slide 2: Contents
Contents 01 Full-Year Consolidated Operating Results for P.3 the Fiscal Year Ended March 31, 2026 02 Full-Year Consolidated Financial Results Forecast for P.7 the Fiscal Year Ending March 31, 2027 02- 1 Domestic Business (Domestic Instant Noodles and P.12 Frozen & Refrigerated Foods) 02- 2 Overseas
Slide 3: Full-Year Consolidated Operating Results for the Fiscal Year Ended March 31, 2026
Full-Year Consolidated 01 Operating Results for the Fiscal Year Ended March 31, 2026
Slide 4: FY2025: Overview of Full-Year Consolidated Financial Results
FY2025: Overview of Full-Year Consolidated Financial Results October 31 October 31 (Unit: ¥100M) FY2024 FY2025 YoY Change YoY (%) Change vs Plan vs Plan (%) Net sales 5,123 5,366 +243 104.8% +16 100.3％ Operating profit 765 858 +93 112.1% +58 107.2％ Operating profit margin 14.9% 16.0% Ordinary profit
Slide 5: FY2025: Overview of Full-Year Consolidated Financial Results (YoY comparison)
FY2025: Overview of Full-Year Consolidated Financial Results (YoY comparison) Net Sales Record-high net sales achieved across all segments, driven by higher volumes, price revisions, and other factors Operating Profit Record-high operating profit achieved as higher sales absorbed ongoing cost increa
Slide 6: FY2025: Overview of Net Sales and Operating Profit by Segment
FY2025: Overview of Net Sales and Operating Profit by Segment Net sales Operating profit (Unit: ¥100M) FY2024 FY2025 YoY Change (Unit: ¥100M) FY2024 FY2025 YoY Change Consolidated net Consolidated 5,123 5,366 +243 765 858 +93 sales operating profit ■Seafood 303 327 +24 ■Seafood 9 15 +6 ■Overseas Ins
Slide 7: Full-Year Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2027
Full-Year Consolidated Financial 02 Results Forecast for the Fiscal Year Ending March 31, 2027
Slide 8: FY2026: Full-Year Consolidated Financial Results Forecast
FY2026: Full-Year Consolidated Financial Results Forecast FY2025 Actual (Unit: ¥100M) % of Net Sales FY2026 Forecast % of Net Sales YoY (%) Results Net sales 5,366 100.0% 5,600 100.0% 104.4％ Operating profit 858 16.0% 820 14.6％ 95.6％ Non-Operating Profit (losses) 83 1.5% 65 1.2％ Ordinary profit 941
Slide 9: FY2026: Overview of Full-Year Consolidated Financial Results Forecast (YoY)
FY2026: Overview of Full-Year Consolidated Financial Results Forecast (YoY) Net sales Sales are expected to increase across all segments due to a recovery in sales in the overseas instant noodle segment and the effect of price revisions in Japan and overseas. Operating profit Profit is expected to d
Slide 10: FY2026: Full-Year Net Sales and Operating Profit Forecast by Segment
FY2026: Full-Year Net Sales and Operating Profit Forecast by Segment Net sales Operating profit Breakdown of first- and second-half results is provided in the reference materials section on FY2026 (Forecast) YoY Change FY2026 (Forecast) YoY Change (Unit: ¥100M) pages 54–55. Total 5,600 +234 820 (38)
Slide 11: Response to the Situation in the Middle East
Response to the Situation in the Middle East ⚫ Due to heightened tensions in the Middle East since February 2026, the following impacts on costs and procurement may affect earnings forecast for FY2026. ⚫ We will continue to closely monitor the external environment and respond flexibly. Cost Impact I
Slide 12: Domestic (Domestic Instant Noodles and Frozen & Refrigerated Foods) Businesses
Domestic (Domestic Instant Noodles and 02- 1 Frozen & Refrigerated Foods) Businesses
Slide 13: Domestic Instant Noodles Segment: FY2025 Performance Overview
Domestic Instant Noodles Segment: FY2025 Performance Overview Trends in Net Sales and Operating Profit Factors Behind Changes in Operating Profit (Unit: ¥100M) (Unit: ¥100M) (Unit: 1Q 2Q 3Q 4Q Full-year YoY FY2024 98 ¥100M) Change Quantity 5 Unit price (1) Net sales 237 227 338 242 1,044 +14 Net sal
Slide 14: Domestic Instant Noodles Segment: Review
Domestic Instant Noodles Segment: Review Higher sales and profit driven by increased sales volumes of flagship brand products Instant Noodle Market in FY2025 Various initiatives implemented to expand sales of existing core (April~March) products Company unit sales [YoY % / sales mix] We primarily fo
Slide 15: Domestic Instant Noodles Segment: Full-Year Earnings Forecast for FY2026
Domestic Instant Noodles Segment: Full-Year Earnings Forecast for FY2026 Factors Behind Changes in Operating Profit (Unit: ¥100M) FY2025 FY2026 YoY Change (Unit: ¥100M) Net sales 1,044 1,055 +11 FY2025 105 Quantity (8) Bag-type noodles 170 175 +5 Unit price 34 Cup-type noodles 874 880 +6 Net sales 2
Slide 16: Domestic Instant Noodles Segment: Initiatives for FY2026
Domestic Instant Noodles Segment: Initiatives for FY2026 Strengthen initiatives to drive sales volume growth following the price revision Domestic instant noodles price revision scheduled for July 2026 Implementation Date: Effective for deliveries from July 1, 2026 Higher price-range products Applic
Slide 17: Frozen & Refrigerated Foods Segment: FY2025 Performance Overview
Frozen & Refrigerated Foods Segment: FY2025 Performance Overview Trends in Net Sales and Operating Profit Factors Behind Changes in Operating Profit (Unit: ¥100M) (Unit: ¥100M) YoY 1Q 2Q 3Q 4Q Full-year (Unit: ¥100M) Change FY2024 80 Quantity 6 Net sales 161 164 147 143 615 +17 Unit price 1 Net sale
Slide 18: Frozen and Refrigerated Foods Segment: Review
Frozen and Refrigerated Foods Segment: Review Secure sales and profits by strengthening promotions centered on flagship yakisoba products Strengthen promotional campaigns tied to Fresh Noodles Market Spending Trends in FY2025 (Apr–Mar) Noodle Market Intage SCI Fresh & Boiled Nationwide Apr 2025–Mar
Slide 19: Frozen & Refrigerated Foods Segment: Full-Year Earnings Forecast for FY2026
Frozen & Refrigerated Foods Segment: Full-Year Earnings Forecast for FY2026 Factors Behind Changes in Operating Profit (Unit: ¥100M) FY2025 FY2026 YoY Change (Unit: ¥100M) FY2025 81 Net sales 615 631 +16 Quantity 5 Unit price 0 Operating 81 72 (9) Net sales 5 profit Raw materials (3) Operating Manuf
Slide 20: Frozen and Refrigerated Foods Segment: Initiatives for FY2026
Frozen and Refrigerated Foods Segment: Initiatives for FY2026 Strengthen sales of chilled noodles centered on the Maruchan Yakisoba series Continue expanding sales of Maruchan Yakisoba, which Strengthen sales of products designed to address continues to see growing consumer purchases increasingly se
Slide 21: Domestic Business: Creating Purchase Opportunities
Domestic Business: Creating Purchase Opportunities Strengthen Cross-Category Promotions “Instant Noodles, Packaged Rice, Freeze-Dried Soups, and Strengthen the sales of the yakisoba category through Chilled Noodles” cross-category initiatives spanning instant, chilled, and Implement cross-category c
Slide 22: Overseas Instant Noodles
02- 2 Overseas Instant Noodles
Slide 23: Overseas Instant Noodles Segment: FY2025 Performance Overview
Overseas Instant Noodles Segment: FY2025 Performance Overview Trends in Net Sales and Operating Profit Factors Behind Changes in Operating Profit (Unit: ¥100M) (Unit: Millions of U.S. dollars) 1Q 2Q 3Q 4Q Full-year YoY FY2024 364 (Unit: ¥100M) Change Net sales 125 Net sales 557 601 653 671 2,482 +14
Slide 24: Overseas Instant Noodles Segment: FY2025 Operating Profit Variance vs. Original Plan
Overseas Instant Noodles Segment: FY2025 Operating Profit Variance vs. Original Plan Factors Behind Variance from the Original Operating Profit Plan(Unit: Millions of U.S. dollars) Original plan 364 Volume: (-) U.S. / (+) Mexico and Latin America Net sales (45) Sales Promotion: (+) Lower promotional
Slide 25: Overseas Instant Noodles Segment: Full-Year Earnings Forecast for FY2026
Overseas Instant Noodles Segment: Full-Year Earnings Forecast for FY2026 (Unit: ¥100M) FY2025 FY2026 YoY Change Factors Behind Changes in Operating Profit (Unit: Millions of U.S. dollars) Net sales 2,482 2,655 +173 FY2025 422 (Millions of U.S. dollars) 1,646 1,770 +124 Net sales 80 Operating profit
Slide 26: Approach to the Overseas Instant Noodles Market
Approach to the Overseas Instant Noodles Market Response to changes in the U.S. market environment Consumers, distribution channels, and competition measures Create demand through enhanced product development Strengthen bag-type noodles in Mexico Aim for bag-type noodles to reach 20% of sales mix by
Slide 27: Approach to Full-Year Sales Volume Forecast for FY2026
Approach to Full-Year Sales Volume Forecast for FY2026 Put sales volumes on track for stable growth through aggressive sales expansion initiatives ⚫ U.S.: Aim for sales volume recovery through promotional opportunities following the price revision and enhanced marketing of new products and other ini
Slide 28: U.S. Instant Noodles: Recognition of Changes in the Market Environment
U.S. Instant Noodles: Recognition of Changes in the Market Environment Respond to changes in the market through product offerings by price range and category while maintaining stable sales volume growth U.S. Instant Noodles Changes in Market Size by Volume and Category Composition Imported ⚫ Marucha
Slide 29: Response to Changes in the Market Environment
Response to Changes in the Market Environment ●Attracting younger Key issues being addressed ●Initiatives with consumers ●Launch of new in the U.S. market distribution channels products Initiatives to expand e-commerce channels Promoting new products at Marketing events Trends Environment ●Conversio
Slide 30: Strengthening Bag-Type Noodles in Mexico
Strengthening Bag-Type Noodles in Mexico Respond to continuing demand ⚫ Aim to further drive sales volume growth through expansion of bag-type noodles Comparison of Bag-type Noodle Market Share Trends <Bag-Type Noodles> (Volume) Mexico: Company Growth Rate 263 62.4% Maruchan Total of 2 competitors O
Slide 31: Sustainable Growth of the Overseas Instant Noodles Segment
Sustainable Growth of the Overseas Instant Noodles Segment ⚫ Maintain a competitive advantage by leveraging strengths in main price ranges even in an uncertain environment ⚫ Capture demand following price revisions through enhanced marketing and the launch of new products ⚫ Sustain growth in Mexico
Slide 32: Progress of the Three-Year Medium-Term Management Plan
FY2025–FY2027 03 Progress of the Three-Year Medium-Term Management Plan
Slide 33: Positioning of the Current Medium-Term Management Plan and the Path to 15% ROE
Positioning of the Current Medium-Term Management Plan and the Path to 15% ROE While aiming to achieve the targets of the medium-term management plan, we will steadily execute investments to strengthen its management foundation in addition to growth investments in areas such as the overseas instant
Slide 34: Progress of Consolidated Financial Results under the Current Medium-Term Management Plan
Progress of Consolidated Financial Results under the Current Medium-Term Management Plan FY2024 FY2025 Actual FY2026 Forecast FY2027 Plan Net sales ¥512.3 billion ¥536.6 billion ¥560 billion ¥600 billion Operating profit ¥76.5 billion ¥85.8 billion ¥82 billion ¥82 billion Profit attributable to owne
Slide 35: Capital Allocation under the Current Medium-Term Management Plan
Capital Allocation under the Current Medium-Term Management Plan During the medium-term management plan period, we will pursue both more aggressive investments and shareholder returns, while maintaining our current level of cash and cash equivalents. Capital allocation plan over the next 3 years Maj
Slide 36: Approach to Business-Specific Investments and Efficiency Improvements
Approach to Business-Specific Investments and Efficiency Improvements under the Current Medium-Term Management Plan ■ Domestic Instant Noodles: Focus mainly on investments aimed at business continuity and improving production efficiency based on plant age and location. Also promote supply chain impr
Slide 37: Dividends and Dividend Payout Ratio by Fiscal Year
Dividends and Dividend Payout Ratio by Fiscal Year Interim End-of-year Commemorative Dividend payout ratio(%) 38.8 41.0 35.0 (Unit: ¥) 32.9 33.4 29.4 33.3 31.6 30.8 31.2 31.4 30.8 33.0 29.6 30.2 250 25.4 22.4 22.1 22.5 22.1 200 150 140 140 120 10 110 100 10 40 50 50 50 50 30 30 30 40 5 25 25 80 80 8
Slide 38: Shareholder Returns: Acquisition of Treasury Shares and Total Return Ratio
Shareholder Returns: Acquisition of Treasury Shares and Total Return Ratio ⚫ To enhance shareholder returns and improve capital efficiency, we plan to acquire treasury shares in addition to providing dividends. ⚫ We will aim for a total shareholder return ratio of around 70% during Total return rati
Slide 39: Reorganization of Materiality (Key Issues)
Reorganization of Materiality (Key Issues) Publish Integrated Report and disclose seven materialities. Based on the review of materiality, implement specific Five Smiles Materialities measures in the four priority areas of resource circulation, supply chain, climate change, and human Smiles to our C
Slide 40: Key Initiatives Directly Contributing to Sustainable Business Growth
Key Initiatives Directly Contributing to Sustainable Business Growth 1. Shift to paper cups in overseas instant noodles 2. Logistics and supply chains in Japan and overseas ⚫ Completedconversion to paper cups for ⚫ Japan: Continue improvements in response Mexican products. Regulatory to the Act on t
Slide 41: Sustainable management key initiatives under the medium-term management plan
Progress of the Three-Year Medium-Term Management Plan Sustainable management key Our Promise to initiatives Smiles Customers under the medium-term management Our Vision 7 Materialities to our Provide safe, reliable plan (2025–2027) customers products and services to our customers and contribute to
Slide 42: Reference Materials
04 Reference Materials —
Slide 43: FY2025: Consolidated Financial Results
FY2025: Consolidated Financial Results (balance sheets, statements of income, statement of cash flows)
Slide 44: FY2025: Consolidated Balance Sheets - Key Items
FY2025: Consolidated Balance Sheets - Key Items Total assets of the Group increased by ¥47,899 million (8.1%) compared with the end of the previous consolidated fiscal year to ¥642,877 million. (Unit: ¥100M) FY2023 FY2024 FY2025 ■Comparison with FY2024 6,000 5,439 Current assets 5,000 +10.9 billion
Slide 45: FY2025: Key Points Such As Extraordinary Income (Loss)
FY2025: Key Points Such As Extraordinary Income (Loss) (Millions （単位：百万円） of yen) FY2024 25/3期 26/3期 FY2025 差異 Difference Key主な内容 Factors Operating profit 営業利益 76,513 85,799 9,286 営業外収益 Non-operating income 9,071 8,710 △(361) 361 営業外費用 Non-operating expenses 418 460 42 経常利益 Ordinary profit 85,166 94
Slide 46: FY2025: Consolidated Cash Flows
FY2025: Consolidated Cash Flows Cash and cash equivalents as of the end of the year deceased by ¥3,694 million from the end of the previous fiscal year to ¥35,687 million. ■Comparison with FY2024 ■Operating cash flow ■Investing cash flow ■Financing cash flow (Unit: ¥100M) Operating cash flow +5.3 bi
Slide 47: Net Sales and Operating Profit Results by Segment
FY2025 First Half / Second Half Net Sales and Operating Profit Results by Segment
Slide 48: FY2025: Actual Consolidated Net Sales (YoY)
FY2025: Actual Consolidated Net Sales (YoY) FY2024 FY2025 (actual) Full Year (Unit: ¥100M/YoY: %) First Half (actual) Second Half (actual) Full Year (actual) (actual) Consolidated net sales 5,123 2,561 101% 2,805 108% 5,366 105% ■Seafood 303 158 104% 169 111% 327 108% ■Overseas Instant Noodles 2,340
Slide 49: FY2025: Actual Consolidated Operating Profit (YoY)
FY2025: Actual Consolidated Operating Profit (YoY) FY2024 FY2025 (actual) Full Year (Unit: ¥100M/YoY: %) First Half (actual) Second Half (actual) Full Year (actual) (actual) Consolidated operating profit 765 398 100% 460 126％ 858 112% ■Seafood 9 9 165% 6 183% 15 172％ ■Overseas Instant Noodles 555 28
Slide 50: FY2025: Factors Behind Changes in Profit by Business Segment (Actual)
FY2025: Factors Behind Changes in Profit by Business Segment (Actual) Domestic Instant Frozen & Refrigerated Overseas Instant Noodles Foods Noodles FY2025 (Unit: ¥100M) (Unit: ¥100M) (Unit: Millions of U.S. dollars) YoY YoY YoY FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 Change Change Change Net sales
Slide 51: FY2025: Consolidated Statements of Income by Quarter
FY2025: Consolidated Statements of Income by Quarter 25/3期（期中平均レート遡及適用後） FY2024 (after retroactive application of the average exchange rate) 26/3期 FY2025 (Millions of yen) （百万円） １Q 2Ｑ 3Ｑ 4Ｑ 通期 Full-year １Q 2Ｑ 3Ｑ 4Ｑ 通期 Full-year Exchange rate 為替（ＵＳＤ） 155.89 152.63 152.57 152.58 152.58 144.60 146.04 1
Slide 52: FY2025: Quarterly Results by Segment
FY2025: Quarterly Results by Segment FY2024 (after retroactive application of the average exchange rate) FY2025 (Millions of yen) １Ｑ ２Ｑ 3Ｑ 4Ｑ Full-year １Ｑ ２Ｑ 3Ｑ 4Ｑ Full-year Exchange rate 155.89 152.63 152.57 152.58 152.58 144.60 146.04 148.75 150.78 150.78 (USD) Net sales 124,769 128,514 135,499 12
Slide 53: FY2026 First Half / Second Half Net Sales and Operating Profit Forecast by Segment
FY2026 First Half / Second Half Net Sales and Operating Profit Forecast by Segment
Slide 54: FY2026: Consolidated Net Sales Forecast (YoY)
FY2026: Consolidated Net Sales Forecast (YoY) FY2025 FY2026 (forecast) Full Year (Unit: ¥100M/YoY: %) First Half (forecast) Second Half (forecast) Full Year (forecast) (actual) Consolidated net sales 5,366 2,745 107% 2,855 102% 5,600 104% ■Seafood 327 163 104% 170 100% 333 102% ■Overseas Instant Noo
Slide 55: FY2026: Consolidated Operating Profit Forecast (YoY)
FY2026: Consolidated Operating Profit Forecast (YoY) FY2025 FY2026 (forecast) Full Year (Unit: ¥100M/YoY: %) First Half (forecast) Second Half (forecast) Full Year (forecast) (actual) Consolidated operating profit 858 420 106% 400 87％ 820 96% ■Seafood 15 10 109% 6 115% 16 111% ■Overseas Instant Nood
Slide 56: FY2026: Factors Behind Changes in Profit by Business Segment (Forecast)
FY2026: Factors Behind Changes in Profit by Business Segment (Forecast) Domestic Instant Frozen & Refrigerated Overseas Instant Noodles Foods Noodles FY2026 (Unit: ¥100M) (Unit: ¥100M) (Unit: Millions of U.S. dollars) YoY YoY YoY FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 Change Change Change Net sal
Slide 57: FY2025-FY2027 Initiatives Under the Three-Year Medium-Term Management Plan
FY2025-FY2027 Initiatives Under the Three-Year Medium-Term Management Plan
Slide 58: Domestic Instant Noodles Segment: Three-Year Initiatives
Domestic Instant Noodles Segment:Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: ¥100M) ⚫ Enhance the value of core brands Operating profit EBITDA Mid-Term ー Strengthen planning and promotion for Akai Kitsune, Midori no 150 136 Targets 128 128 Tanuki,
Slide 59: Frozen & Refrigerated Foods Segment: Three-Year Initiatives
Frozen & Refrigerated Foods Segment:Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: ¥100M) ⚫ Enhance the value of existing brands - Strengthen product planning and promotion for Operating profit EBITDA Mid-Term 98 Targets Maruchan Yakisoba Three-Meal P
Slide 60: Processed Foods Segment: Three-Year Initiatives
Processed Foods Segment: Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: ¥100M) Operating profit EBITDA Mid-Term ⚫ Enhance the value of core brands Targets ー Strengthen product planning for the Attaka Gohan and Sozai no 30 Chikara series. 22 17 15 15 ⚫
Slide 61: Seafood Segment: Three-Year Initiatives
Seafood Segment:Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: ¥100M) Mid-Term Operating profit ⚫ Further growth and expansion of core fish species 18 Targets - Strengthen product planning for salmon/trout, fish roe, mackerel, shrimp and tuna, which a
Slide 62: Cold Storage Segment: Three-Year Initiatives
Cold Storage Segment:Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: ¥100M) Mid-Term ⚫ Strengthen responsiveness to customer needs Operating profit EBITDA Targets - Build a framework that enhances safety, efficiency, and profitability 63 while strength
Slide 63: Overseas Instant Noodle Segment: Three-Year Initiatives
Overseas Instant Noodle Segment:Three-Year Initiatives Initiatives Under the Three-Year Plan Operating Profit and EBITDA (Unit: Millions of U.S. dollars) Operating profit EBITDA Mid-Term ⚫ Further growth of core products 462 Targets - Strengthen promotions for the Ramen and Instant Lunch series 500
Slide 64: Forward-Looking Statements
Forward-Looking Statements The plans, forecasts, and other statements contained in this document, other than historical facts, are all forward-looking statements and include various uncertainties. Please be aware that actual results may differ from these forecasts due to various factors. While every