Itoham Yonekyu Holdings, Inc. · TSE:2296

Itoham Yonekyu — Q1 FY2026 Earnings Presentation

47 slides from Itoham Yonekyu's earnings presentation, Aug 3, 2026

  1. Slide 1: FY2026 Q1 Financial Results

    ITOHAM YONEKYU HOLDINGS INC. （TSE Prime：2296） ITOHAM YONEKYU FY2026 Q1 Financial Results HOLDINGS (Apr 1, 2026 – Jun 30, 2026) August 03, 2026

  2. Slide 2: Q1 Results for FY2026 Earnings Summary

    Q1 Results for FY2026 Consolidated ✓ Lower Revenue, Flat Profit (Revenue: JPY281.1B (-5.4%), Ordinary Profit: 9.2B (-0.1%) Earnings Summary Processed Food Div. profit down; Meat Div. profit up in domestic and overseas markets on strong Market Conditions. Growth in the Meat Div. offset lower profits

  3. Slide 3: FY2026 Q1 Topics

    Processed Food Div. Meat Div. FY2026 Q1 Topics ✓ Productivity Improvement ✓ Strengthening Overseas Business TSUKUSHI FACTORY Closure Acquire Greenlea Group Limited March 2026: Tsukushi Factory Closure and Production Consolidation Further Strengthening Overseas Operations NZ Beef - 40 Number of Items

  4. Slide 4: Agenda: FY2026 Q1 Results

    01 Earnings Results ・FY2026 Q1 Results 5 3 ・Full Year Forecast for FY2026 15 02 Supplemental Data 25 03 Appendix 35 Note: The financial information disclosed by Japanese GAAP and FY2026 shows from Apr 1, 2026 to March 31, 2027. This material is rounded off to second decimal places. Therefore, sums a

  5. Slide 5: Consolidated FY2026 Q1 Results

    01 Earnings Results （FY2026 Q1 Results） [Consolidated] FY2026 Q1 results billion yen % Year-on-Year FY2026 Q1 Results Amount of sales Change Change% Lower Revenue, Lower Profit Sales 281.1 - -16.0 -5.4% Sales : - 5.4% Ordinary Profit : - 0.1% Operating profit 9.1 (1Q)100％ 横12.73、縦3 3.3% +0.0 +0.3% (

  6. Slide 6: Consolidated Ordinary Profit Variance Factors

    01 Earnings Results （FY2026 Q1 Results） billion yen -0.9 +1.2 [Consolidated] 経常利益増減分析 FY2026 Q1 Results YoY 経営統合後のシナジー発現に • Variance Factors 伴い、稼ぐ力が着実に向上、 当社の強みは Processed Food : - 0.9B 安定した基礎収益力と認識 Meat : +1.2B Ordinary Ordinary Profit Profit • 稼ぐ力を原資に成長投資を実行、 9.2 9.2 2035年度で経常利益500億円を billion yen

  7. Slide 7: Processed Food Division Q1 Results

    01 Earnings Results （FY2026 Q1 Results） Segment Info FY2026 Q1 results billion yen % Year-on-Year [Processed Food Division] Amount of sales Change Change% Sales 97.6 - -2.7 -2.6% FY2026 Q1 Results Operating profit 1.2 横12.73 (1Q)100％ 1.2% 縦3.22 -0.9 -41.8% Lower Revenue, Lower Profit Ordinary (2Q~)8

  8. Slide 8: Processed Food Division Ordinary Profit Factors

    01 Earnings Results （FY2026 Q1 Results） [Processed Food Division] Ordinary profit factors billion yen Q1 FY2026 Q1 Main Factors results Variance Analysis FY2025 Ordinary profit 2.2 [Quantity] - Weak consumer demand continued, resulting in lower sales volumes. (Sales volume YoY) (Ordinary Profit YoY

  9. Slide 9: Processed Food Division Market Share and Growth

    Data：QPR 01 Earnings Results （FY2026 Q1 Results） Ham & Sausage [Processed Food Division] Share （YoY change） Growth Rate of Purchases 21.9% Market (-0.5%) -3.8% per 100 People Growth rates by category and product for key Wiener Ham & Bacon CH Cooked Chicken CH Pizza & Snack household items 20.7% (-0.

  10. Slide 10: Processed Food Division Consumer/Commercial Growth

    01 Earnings Results （FY2026 Q1 Results） Consumer／Commercial company performance growth rate （volume/amount） Ham & Sausage Cooked Foods Total [Processed Food Division] Our growth rate B2C / B2B (volume / amount） External environment data ・Prepared foods sales lagged market growth, reflecting weak sal

  11. Slide 11: Meat Division Q1 Results

    01 Earnings Results （FY2026 Q1 Results） Segment Info FY2026 Q1 results billion yen % Year-on-Year [Meat Division] Amount of sales Change Change% Sales 183.4 - -13.4 -6.8% FY2026 Q1 Results Operating (1Q)100％ 横12.73 縦3.22 profit 8.6 4.7% (2Q~)85％横11.03、縦3.42 +1.1 +15.0% Lower Revenue, Higher Profit O

  12. Slide 12: Meat Division Ordinary Profit Factors

    01 Earnings Results （FY2026 Q1 Results） [Meat Division] Ordinary profit factors billion yen Q1 Main Factors FY2026 Q1 results Variance Analysis FY2025 Ordinary profit 7.3 [Quantity] - Continue rigorous position management. (Ordinary Profit YoY : +1.2B) Sales Volume -0.2 Domestic : + 0.7 B [Unit Pric

  13. Slide 13: Meat Division Sales Performance and External Environment

    01 Earnings Results （FY2026 Q1 Results） Domestic/Imported Growth rate ％ [Meat Division] Results(excl. ANZCO) MIC Survey(Apr.-May.) Purchase Volume Amount Expenditure QTY Sales Performance Beef Domestic -6.2 +4.2 +1.5 +6.1 Imported +2.7 +11.9 Growth rate by livestock category Pork Domestic -2.7 +2.8

  14. Slide 14: Agenda: Full Year Forecast for FY2026

    01 Earnings Results ・FY2026 Q1 Results 5 ・Full Year Forecast for FY2026 15 02 Supplemental Data 25 03 Appendix 35 Note: The financial information disclosed by Japanese GAAP and FY2026 shows from Apr 1, 2026 to March 31, 2027. This material is rounded off to second decimal places. Therefore, sums and

  15. Slide 15: Consolidated FY2026 Forecast

    01 Earnings Results （FY2026 Forecast） [Consolidated] FY2026 full year financial earnings forecast billion yen % Year-on-Year Previous forecast Amount Change FY2026 Full-Year Forecast of sales Change Change% Rev 1-May Forecast Lower Revenue, Lower Sales 1,040.0 - -31.4 -2.9% 1,040.0 - Profit Operatin

  16. Slide 16: Consolidated Full-Year Ordinary Profit Variance

    01 Earnings Results （FY2026 Forecast） +0.8 -3.1 billion yen [Consolidated] 経常利益増減分析 FY2026 Full-Year Forecast YoY 経営統合後のシナジー発現に • Variance Factors 伴い、稼ぐ力が着実に向上、 当社の強みは Processed Food : +0.8B Meat安定した基礎収益力と認識 : - 3.1B Ordinary Ordinary 稼ぐ力を原資に成長投資を実行、 Profit • 30.4 Profit 2035年度で経常利益500億円を 28.0 目指す b

  17. Slide 17: Processed Food Division FY2026 Forecast

    01 Earnings Results （FY2026 Forecast） [Processed Food Division] Segment Info FY2026 full year financial earnings forecast billion yen Previous % Year-on-Year forecast Amount Change FY2026 Full-Year Forecast of sales (1Q)100％ Change Change% 横12.73 縦3.22 Rev 1-May (2Q~)87％横11.76、縦3.42 Forecast Higher

  18. Slide 18: Processed Food Division Full-Year Variance Analysis

    01 Earnings Results （FY2026 Forecast） [Processed Food Division] Ordinary profit factors billion yen H1 H2 Year Year Main Factors Full-Year Forecast for Forecast Forecast Forecast change FY2026 – Variance Analysis FY2025 Ordinary profit 3.8 5.4 9.2 from prev. [Quantity] - From Q2 onward, sales volume

  19. Slide 19: Meat Division FY2026 Forecast

    01 Earnings Results （FY2026 Forecast） [Meat Division] Segment Info FY2026 full year financial earnings forecast billion yen Previous % Year-on-Year forecast Amount Change FY2026 Full-Year Forecast of sales Change Change% Rev 1-May Forecast Lower Revenue, Lower Sales 630.0 - -42.9 -6.4% 630.0 - Profi

  20. Slide 20: Meat Division Full-Year Variance Analysis

    01 Earnings Results （FY2026 Forecast） [Meat Division] Ordinary profit factors billion yen H1 H2 Year Year Main Factors Full-Year Forecast for FY2025 Forecast Forecast Forecast change from prev. FY2026 – Variance Analysis Ordinary profit 10.5 12.1 22.6 ［Quantity］ - Continued strict position managemen

  21. Slide 21: Meat Division ANZCO Market Trends

    01 Earnings Results （ANZCO Foods） ※MLA Comparison of the change in accounting period impact Transition of beef 90CL price : US and imported from NZ (FY2025: Jan-Dec 2025 + Jan-Mar 2026, FY2026: Apr 2026 - Mar 2027 ) [Meat Division] Market Trends (ANZCO) Transition of beef FOB and procurement price i

  22. Slide 22: Shareholder Returns

    *Incl. commemorative dividend 01 Earnings Results * * DPR Shareholder Returns Shareholder Returns DOE FY2026 (Forecast) Commemorative 10th anniversary DPS: JPY155 commemorative dividend (Interim :75, Year-end dividend: 80) DPS DOE 3.2% and Ordinary Progressive dividend (+¥10) Fiscal Year ※1-for-5 re

  23. Slide 23: Capital Allocation

    01 Earnings Results Cash Flow Plan （ FY2024-FY2026 Cumulative） JPY B <Major CAPEX Items> 2024 2025 2026 Total Capital Allocation Processed Mishima 6 9 15 30 2026： Foods ICF Others 8 9 9 26 Financial Leverage ・Leveraging financial leverage to Domestic 3 2 4 9 strengthen growth investment and Meat ANZ

  24. Slide 24: Agenda: Supplemental Data

    01 Earnings Results ・FY2026 Q1 Results 5 ・Full Year Forecast for FY2026 15 02 Supplemental Data 25 03 Appendix 35 Note: The financial information disclosed by Japanese GAAP and FY2026 shows from Apr 1, 2026 to March 31, 2027. This material is rounded off to second decimal places. Therefore, sums and

  25. Slide 25: Income Statement

    02 Supplemental Data Results Sale of each country and region billion yen billion yen FY2025 FY2026 FY2025 FY2026 Income Statement Q1 Q1 Change Q1 Q1 Change Sales 297.1 281.1 -16.0 Sales 297.1 281.1 -16.0 COGS 256.6 242.0 -14.6 Japan 213.8 216.7 +2.9 Gross Profit 40.5 39.0 -1.5 Overseas Total 83.3 64

  26. Slide 26: SG&A Expenses and Non-operational Gain/Loss

    02 Supplemental Data SG & A Expenses Non-operational Gain/Loss billion yen billion yen SG & A Expenses FY2025 FY2026 FY2025 FY2026 Non-operational G/L Q1 Q1 Change Q1 Q1 Change Non-Operational G/L 0.0 0.0 -0.0 Sales 297.1 281.1 -16.0 Non-controlling 0.4 -0.1 -0.5 Selling, General and interests 31.4

  27. Slide 27: Balance Sheet

    02 Supplemental Data Total Assets billion yen 549.2 (+24.5) billion yen Balance Sheet Current Assets +21.2 Liabilities +25.4 Cash and Term Deposits -0.7 Liabilities Payables +3.7 Receivables +5.7 Current Assets 254.6 Short Term Debts +19.2 Inventories +13.8 332.6 Long Term Debts -0.0 Net Assets -1.0

  28. Slide 28: Cash Flow Statement

    02 Supplemental Data Movements in free cash flow billion yen billion yen Cash Flow FY2025 FY2026 Statement Q1 Q1 Change ①Cash Flow from Operation 4.8 -6.0 -10.9 2025 Q1 Income Before Taxes 9.1 9.1 -0.1 Equity in Depreciation & Amortization of goodw ill 4.2 3.4 -0.8 Income earnings Before Depreciatio

  29. Slide 29: Results by Product Category

    決算補足データData 03 Supplemental 02 商品分類別実績 Results by billion yen Product Category Consolidated Processed Food Div. Meat Div. FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 Q1 Q1 change Q1 Q1 change Q1 Q1 change Sales 297.1 281.1 -16.0 100.3 97.6 -2.7 196.8 183.4 -13.4 Ham & Sausage 47.6 46.5 -1.1 43.6 42.8

  30. Slide 30: Growth Rates by Category and Product (Quarterly Trends)

    Data：QPR 02 決算補足データData 03 Supplemental FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Share(%) 22.4 22.6 23.2 21.4 21.9 Ham & Sausage YoY +0.4 +0.7 +0.6 -0.3 -0.5 Sales Growth Rate +3.7 -0.5 -1.1 +0.2 -2.1 Share(%) 20.9 20.9 20.2 19.6 20.7 商品分類別実績 Growth rates by Wiener YoY +0.3 +0.5 +0.3 -0.4 -0.3 Sales Gr

  31. Slide 31: FY2026 Quarterly Results Details

    02 決算補足データData 03 Supplemental billion yen Q1 Q2 Q3 Q4 Apr - Jun Jul - Sep Oct - Dec Jan - Mar FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 Change Change Change Change 商品分類別実績 results results results F’cast results 0 results 0 FY2026 Sales 297.1 281.1 -16.0 245.3 228.9 -16.3 277.7 0.0 - 2

  32. Slide 32: FY2026 Consolidated Forecast Details

    billion yen 02 決算補足データ H1 H2 Year 03 Supplemental Data FY2025 FY2026 Last FY2025 FY2026 Last FY2025 FY2026 Last Change Chage Change Chage Change Chage results F'cast F'cast results F'cast F'cast results F'cast F'cast Rev 3-Aug Rev 1-May Rev 3-Aug Rev 1-May Rev 3-Aug Rev 1-May Sales 542.4 510.0 -32.4

  33. Slide 33: Profit Change Analysis Trends

    billion yen 02 決算補足データ 03 Supplemental Data Processed Food Div. Q1 Q2 H1 H2 Year results F'cast Rev 1-May. F'cast Rev 1-May. F'cast Rev 1-May. F'cast FY2025 Ordinary profit 2.2 1.6 3.8 3.8 5.4 5.4 9.2 9.2 Sales Volume -0.6 - +0.3 -0.6 - - +0.3 -0.6 Profit Change Gross Margin,SG&A +1.3 +3.0 +3.9 +4.3

  34. Slide 34: Agenda: Appendix

    01 Earnings Results ・FY2026 Q1 Results 5 ・Full Year Forecast for FY2026 15 02 Supplemental Data 25 03 Appendix 35 Note: The financial information disclosed by Japanese GAAP and FY2026 shows from Apr 1, 2026 to March 31, 2027. This material is rounded off to second decimal places. Therefore, sums and

  35. Slide 35: Overseas Markets

    03 Appendix Pork Carcass - Spain Picnic - USA Overseas Markets 95％ ４つまとめて貼り付 け Pork Bellies - USA Loin - USA Copyright © 2026 ITOHAM YONEKYU HOLDINGS INC. All rights reserved. 35

  36. Slide 36: CPI Index

    03 Appendix Beef Chicken CPI Index Pork Processed Meat Copyright © 2026 ITOHAM YONEKYU HOLDINGS INC. All rights reserved. Date：Ministry of Internal Affairs and Communications 36

  37. Slide 37: Ham & Sausage Supply

    03 Appendix Domestic Production Imports Ham & Sausage Supply Apr.-May. 【Domestic】 YoY -3.4% FY2025 84,487 ton FY2026 81,590 ton 【Import】 YoY -9.5% FY2025 5,863 ton FY2026 5,307 ton (ton) Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Year 【Total】 YoY -3.8% Domestic FY2025 Volume 43,426 4

  38. Slide 38: Ham/Sausage Domestic Market Share

    Date：QPR 03 Appendix ham/sausage domestic market ham/sausage domestic market Our share Value per 100 monitors year-on-year Average price year-on-year Ham/Sausage Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.4％ This year 21.9％ YoY - 0.5％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb.

  39. Slide 39: Wiener Domestic Market Share

    Date：QPR 03 Appendix Wiener domestic market Wiener domestic market Our share Value per 100 monitors year-on-year Average price year-on-year Wiener Domestic Market Share 【 Share 】 Apr.-Jun. Last year 20.9％ This year 20.7％ YoY - 0.2％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Year 【sha

  40. Slide 40: Slice Pack of Ham, Bacon, etc. Domestic Market

    Date：QPR 03 Appendix Our share Slice pack of ham, bacon, etc. domestic market Slice pack of ham, bacon, etc. domestic market Value per 100 monitors year-on-year Average price year-on-year Slice Pack of Ham, Bacon, etc. Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.4％ This year 21.9％ YoY - 0

  41. Slide 41: Pizza/Snacks Domestic Market Share

    Date：QPR 03 Appendix Our share Pizza/Snacks domestic market Pizza/Snacks domestic market Value per 100 monitors year-on-year Average price year-on-year Pizza/Snacks Domestic Market Share 【 Share 】 Apr.-Jun. Last year 31.5％ This year 27.6％ YoY - 4.0％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. F

  42. Slide 42: Hamburger Steak/Meatball Domestic Market

    Date：QPR 03 Appendix Our share Hamburger steak/Meatball domestic market Hamburger steak/Meatball domestic market Value per 100 monitors year-on-year Average price year-on-year Hamburger steak/ Meatball Domestic Market Share 【 Share 】 Apr.-Jun. Last year 13.8％ This year 13.8％ YoY + 0.1％ Apr. May Jun.

  43. Slide 43: Processed Chicken Food Domestic Market

    Date：QPR 03 Appendix Our share Processed chicken food domestic market Processed chicken food domestic market Value per 100 monitors year-on-year Average price year-on-year Processed Chicken Food Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.3％ This year 22.1％ YoY - 0.2％ Apr. May Jun. Jul. A

  44. Slide 44: Marketed Volume/Ending Stock/Market Price (Beef)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products Marketed Volume/ Ending Stock/ Market Price (Beef) ※including m

  45. Slide 45: Marketed Volume/Ending Stock/Market Price (Pork)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products Marketed Volume/ Ending Stock/ Market Price (Pork) Domestic Por

  46. Slide 46: Marketed Volume/Ending Stock/Market Price (Chicken)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products ※bone-in meat base Marketed Volume/ Ending Stock/ Market Price

  47. Slide 47: FY2026 H1 Results Scheduled Disclosure and Contact Information

    FY2026 H1 results Scheduled Disclosure : Wed, Nov 4, 2026 Contact Information ALT ITO Bldg. 1-6-21, MITA, MEGURO-KU, TOKYO , 153-8587, JAPAN ITOHAM YONEKYU HOLDINGS INC. Public & Investor Relations Office TEL : +81-3-5723-6892 You can also contact us from the company website. https://www.itoham-yone

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