Slide 1: Briefing Materials for FY2025 Financial Results
Briefing Materials for FY2025 Financial Results Kagome Co., Ltd. Figures in these materials ・Amounts are rounded down to the nearest 0.1 billion yen. Securities Code: 2811 ・Percentages are rounded to one decimal place. Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 1
Slide 2: Index
1 Financial Results for FY2025 INDEX 2 FY2026 Earnings Forecast Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 2
Slide 3: FY2025 Consolidated Results
1 FY2025 Consolidated Results ⚫ Revenue: Revenue of the International Business declined due to the downturn in the tomato paste market and other factors ⚫ Core operating income: Declined due to the impact of one-off losses such as a manufacturing process defects in addition to lower revenue from the
Slide 4: FY2025 Results by Segment
1 FY2025 Results by Segment ⚫ Domestic Processed Food Business: Beverages drove overall sales growth, and core operating income remained flat as advertising expenses declined, but costs continued to rise ⚫ International Business: Revenue declined due to the downturn in tomato paste market and core o
Slide 5: FY2025 Domestic Processed Food Business
1 FY2025 Domestic Processed Food Business ⚫ Overall revenue was up thanks to strong sales of Beverages and Direct Marketing, which offset lower revenue of Food-Other ⚫ While manufacturing costs, including raw materials, continued to rise, Direct Marketing achieved higher core operating income, due t
Slide 6: FY2025 Factors Contributing to Core Operating Income Changes in the Domestic Processed Food Business
1 FY2025 Factors Contributing to Core Operating Income Changes in the Domestic Processed Food Business ⚫ Although changes in raw materials costs, etc., resulted in a decrease of 2.6 billion yen, cost reductions, such as reducing losses, resulted in an increase of 1.4 billion yen , resulting in a tot
Slide 7: FY2025 International Business
1 FY2025 International Business ⚫ Revenue declined due to the downturn in the tomato paste market and sluggish sales to some customers in tomato and other secondary processing. 2024 2025 ⚫ Core operating income declined due to lower revenue and one-off losses, etc. USD/JPY 151.58 149.71 Revenue Toma
Slide 8: FY2025 Factors Contributing to Core Operating Income Changes in the International Business
1 FY2025 Factors Contributing to Core Operating Income Changes in the International Business ⚫ Tomato and other primary processing: The impact of market fluctuations caused a decline of 6.8 billion yen due to revisions in tomato paste selling prices and changes in costs such as fresh tomato procurem
Slide 9: FY2025 Factors Contributing to Consolidated Core Operating Income Changes
1 FY2025 Factors Contributing to Consolidated Core Operating Income Changes ⚫ The factors behind the changes in consolidated core operating income are as follows. results Total -0 Total -46 results (Billion yen) Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 9
Slide 10: FY2025 Main Factors Contributing to Changes in Operating Income and Net Income
1 FY2025 Main Factors Contributing to Changes in Operating Income and Net Income ⚫ (1) Other income: Rebound from the recognition of a one-off gains of 9.3 billion yen in the previous fiscal year due to the consolidation of Ingomar ⚫ (2) Effective tax rate (usually around 30%): Lower than usual, as
Slide 11: Index
1 Financial Results for FY2025 INDEX 2 FY2026 Earnings Forecast Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 11
Slide 12: FY2026 Earnings Forecast by Segment
2 FY2026 Earnings Forecast by Segment ⚫ Domestic Processed Food Business: Revenue and core operating income are expected to increase due to price revisions for beverages for consumer use and institutional and industrial use implemented from February ⚫ International Business: Despite a downturn in th
Slide 13: FY2026 Domestic Processed Food Business
2 FY2026 Domestic Processed Food Business ⚫ Responding to Japan’s ongoing population decline and rising manufacturing costs, we will pursue structural reforms and provide a stable foundation for the Group. ⚫ We will further expand demand creation through the flavor and health value of vegetables, im
Slide 14: FY2026 Factors Contributing to Core Operating Income Changes in the Domestic Processed Food Business
2 FY2026 Factors Contributing to Core Operating Income Changes in the Domestic Processed Food Business ⚫ A profit increase of 6.8 billion yen is expected from the price revisions; however, this is expected to be partially offset by a 2.1 billion yen decline in sales volume after the revisions, resul
Slide 15: FY2026 International Business
2 FY2026 International Business ⚫ Tomato and other primary processing: Strengthen the stable revenue base, assuming volatility in tomato paste prices ⚫ Tomato and other secondary processing: In addition to the large United States market, Europe is also positioned as a key region, and business expans
Slide 16: FY2026 Factors Contributing to Core Operating Income Changes in the International Business
2 FY2026 Factors Contributing to Core Operating Income Changes in the International Business ⚫ Tomato and other primary processing: The impact of market volatility will include changes in selling prices of tomato paste and changes in costs, such as processing tomato procurement prices, causing core
Slide 17: FY2026 Factors Contributing to Core Operating Income Changes
2 FY2026 Factors Contributing to Core Operating Income Changes ⚫ The factors for change in consolidated Core Operating Income are as follows. results Total +0.3 Total -0.1 (Billion yen) Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 17
Slide 18: FY2026 Consolidated Earnings Forecast
2 FY2026 Consolidated Earnings Forecast ⚫ Revenue: Up 5.3% year on year to 310 billion yen; Core operating income: Up 2.8% year on year to 23 billion yen ⚫ Net income: Net income is set to decline because the effective tax rate in the previous fiscal year was lower than usual as a result of the impa
Slide 19: Reference
Reference Kagome Group PLAN 2028 | ©2026 Kagome Co., Ltd 19
Slide 20: FY2025 Topics in the Domestic Processed Food Business
FY2025 Topics in the Domestic Processed Food Business Beverages Direct marketing Food-Other ⚫ Tomato juice Sales: 23.9 billion yen (+17% YoY) ⚫ Vegetable beverages ⚫ Consumer use foods Sales: 21.2 billion yen (+1% YoY) Record high shipment volume for four Sales: 8.6 billion yen (+4% YoY) straight ye
Slide 21: FY2025 Performance of Main Subsidiaries in the International Business
FY2025 Performance of Main Subsidiaries in the International Business Revenue Core operating income Core operating income margin KAGOME INC. (Billion yen) Ingomar (Billion yen) 17.6% 12.0 60.0 10.0 50.0 57.7 50.6 10.0 50.0 8.0 40.0 44.9 49.0 40.3 10.6% 8.0 40.0 8.0% 6.0 30.0 8.0% 6.3% 31.9 7.0 6.0 3
Slide 22: FY2025 Changes to Statement of Financial Position
FY2025 Changes to Statement of Financial Position ⚫ Total assets increased by 13.4 billion yen from the end of the previous fiscal year to 375.8 billion yen (of which, forex effects accounted for +3.9 billion yen) Assets/Liabilities and Net assets Details of Changes from the Previous Fiscal Year End
Slide 23: FY2025 Changes in Cash Flows
FY2025 Changes in Cash Flows ⚫ Free cash flow: Cash flows from operating activities declined compared to the previous fiscal year, but cash flows from investing activities declined, resulting in an increase in free cash flow FY2025 Result FY2024 Unit: billion yen YoY Change Result Cash flows from op
Slide 24: Cautionary Statement
Cautionary Statement This presentation material contains Kagome's current plans, forecasts, strategies, and other matters that are not necessarily based on historical facts and are instead based on the judgment of Kagome's management team obtained from currently available information. Therefore, ple