ITOCHU : Notice Regarding the Differences between Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 and the Fiscal Year Ended March 31, 2025 of a Subsidiary (Prima Meat Packers, Ltd.)

May 8, 2026

ITOCHU Corporation

(Code No. 8001, Prime Market)

Representative Director and President and Chief Operating Officer: Keita Ishii Contact: Kazunori Harada

General Manager, Investor Relations Division (TEL. +81-3-3497-7295)

Notice Regarding the Differences between Non-Consolidated Financial Results

ITOCHU Corporation announces that Prima Meat Packers, Ltd., a subsidiary of ITOCHU Corporation, provided information on the differences between non-consolidated financial results for the fiscal year ended March 31, 2026 and the fiscal year ended March 31, 2025.

Non-consolidated financial results for the fiscal years ended March 31, 2026 and March 31, 2025

(%: Changes from the previous fiscal year)

(Attachment) Disclosure Document of Prima Meat Packers, Ltd.

May 8, 2026

Company name: Prima Meat Packers, Ltd. Stock exchange listing: Tokyo Stock Exchange Securities Code number: 2281

URL: https://www.primaham.co.jp/

Representative: Naoto Chiba, Chairman and Representative Director

Contact: Satoshi Nakajima, Senior Managing Executive Officer, General Manager of Administration Division Phone: +81-3-6386-1800

Scheduled date of the Annual General Meeting of Shareholders: June 25, 2026 Scheduled date of commencing dividend payments: June 26, 2026

Scheduled date of filing annual securities report: June 24, 2026 Availability of supplementary briefing material on financial results: Yes

Schedule of financial results briefing session: Yes (for institutional investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (April 1, 2025 to March 31, 2026)

   1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      March 31, 2026	475,574	3.8	9,131	2.0	11,185	6.5	4,587	(35.2)
      March 31, 2025	458,354	2.2	8,948	(24.3)	10,502	(18.5)	7,076	(5.5)

      (Note) Comprehensive income: Fiscal year ended March 31, 2026: ¥4,344 million [(0.3)%]

      Fiscal year ended March 31, 2025: ¥4,357 million [(57.7)%]

      	Earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Operating margin
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	91.28	-	3.8	4.7	1.9
      March 31, 2025	140.79	-	5.9	4.3	2.0

      (Reference) Share of profit of entities accounted for using equity method: Fiscal year ended March 31, 2026: ¥(4) million

      Fiscal year ended March 31, 2025: ¥6 million

   2. Consolidated Financial Position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Million yen	Million yen	%	Yen
      As of March 31, 2026	241,280	130,536	50.5	2,425.93
      As of March 31, 2025	239,610	130,228	49.8	2,375.15

      (Reference) Equity: As of March 31, 2026: ¥121,932 million

      As of March 31, 2025: ¥119,382 million

   3. Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2026	Million yen 19,752	Million yen (13,762)	Million yen (6,377)	Million yen 5,917
   March 31, 2025	14,211	(13,574)	(4,202)	6,266

2. Dividends

   	Annual dividends					Total dividends (Total)	Payout ratio (Consolidated)	Dividends on equity (Consolidated)
   	1st quarter-end	2nd quarter- end	3rd quarter- end	Year-end	Total
   Fiscal year ended March 31, 2025	Yen -	Yen 40.00	Yen -	Yen 40.00	Yen 80.00	Million yen 4,026	% 56.8	% 3.4
   March 31, 2026	-	40.00	-	40.00	80.00	4,026	87.6	3.3
   Fiscal year ending March 31, 2027 (Forecast)	-	40.00	-	40.00	80.00		53.6

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026 to March 31, 2027)

(% indicates changes from the previous corresponding period.)

1. Significant changes in the scope of consolidation during the period: None New: - Excluded: -

2. Changes in accounting policies, changes in accounting estimates and retrospective restatement

   1. Changes in accounting policies due to the revision of accounting standards: None

   2. Changes in accounting policies other than 1) above: None

   3. Changes in accounting estimates: None

   4. Retrospective restatement: None

3. Total number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): March 31, 2026: 50,524,399 shares

      March 31, 2025: 50,524,399 shares

   2. Total number of treasury shares at the end of the period: March 31, 2026: 262,051 shares

      March 31, 2025: 261,313 shares

   3. Average number of shares during the period:

Fiscal year ended March 31, 2026: 50,262,697 shares

Fiscal year ended March 31, 2025: 50,259,675 shares

(Note) The number of treasury shares that has been excluded when calculating total number of treasury shares at the end of the period and average number of shares during the period includes the Company's shares owned by the Board Benefit Trust ("BBT").

1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (April 1, 2025 to March 31, 2026)

1. Non-Consolidated Operating Results (% indicates changes from the previous corresponding period.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
   March 31, 2026	353,169	5.6	9,413	51.8	13,054	18.8	10,573	31.5
   March 31, 2025	334,519	3.9	6,200	(10.3)	10,989	36.2	8,043	43.9

   	Earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	210.37	-
   March 31, 2025	160.04	-

2. Non-Consolidated Financial Position

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Million yen	Million yen	%	Yen
   As of March 31, 2026	170,998	89,150	52.1	1,773.71
   As of March 31, 2025	162,646	82,133	50.5	1,634.07

   (Reference) Equity: As of March 31, 2026: ¥89,150 million

   As of March 31, 2025: ¥82,133 million

   *These financial results are outside the scope of audit procedures by a certified public accountant or an audit firm.

   * Explanation of the proper use of the financial results forecast and other notes

   • The earnings forecasts and other forward-looking statements herein are based on information available to the Company at the time of preparation and certain assumptions deemed to be reasonable, and actual results may vary significantly due to various factors. For the assumptions and notes for earnings forecasts, please refer to "1. Overview of Operating Results, etc., (4) Future Outlook" on page 3 of the attachment.

   • The Company plans to hold a financial results briefing session for institutional investors and analysts on May 13, 2026. Soon after the event, we plan to post financial results briefing materials to be distributed at the briefing on our website. We will promptly post a summary version on our website after publishing these financial results.