Nisshin Seifun Group Inc. TSE:2002
Nisshin Seifun : Consolidated Financial Results for the First Quarter of Fiscal 2026 (Review by audit firm)
Source: MarketScreener
To whom it may concern
Company Name: Nisshin Seifun Group Inc. Representative: Kenji Takihara,
August 7, 2025
Representative Director and President (Code: 2002, TSE Prime Market)
Contact: Reiko Adachi,
Executive Officer and General Manager, Public Communications Department (General Administration Division)
(Tel: +81-3-5282-6650)
Consolidated Financial Results for the First Quarter of Fiscal 2026 [Japanese GAAP] (Review by audit firm)The Company released its "Consolidated Financial Results for the First Quarter of Fiscal 2026 [Japanese GAAP]" on July 31, 2025. This serves as notice of the completion of a review of the financial statements by audit firm.
No changes to the quarterly consolidated financial statements released on July 31, 2025.
Disclaimer: This document is a translation of the Japanese original. The Japanese original has been disclosed in Japan in accordance with Japanese accounting standards and the Financial Instruments and Exchange Act. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this document. In the case that there is any discrepancy between the Japanese original and this document, the Japanese original is assumed to be correct.
August 7, 2025
Listed Company Name: Nisshin Seifun Group Inc. Registered on Tokyo Stock Exchange
Code: 2002
URL: https://www.nisshin.com
Representative: Kenji Takihara, Representative Director and President
Contact: Reiko Adachi, Executive Officer and General Manager, Public Communications Department (General Administration Division)
Tel.: +81-3-5282-6650
Date to start distributing dividends: -Supplementary materials for these consolidated financial results: Yes Results briefing for financial results: None
(Figures shown are rounded down to the nearest million yen.)
Consolidated Financial Results for the First Quarter of Fiscal 2026 (April 1, 2025 to June 30, 2025)
Consolidated Business Results
(Percentages represent year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Million yen
%
Million yen
%
Million yen
%
Million yen
%
First three months of Fiscal 2026
215,364
0.7
11,296
(14.6)
12,932
(10.9)
11,620
7.1
First three months of Fiscal 2025
213,874
2.7
13,220
11.5
14,516
10.8
10,845
24.0
(Note) Comprehensive income: First three months of Fiscal 2026: ¥12,609 million (down 24.7%)
First three months of Fiscal 2025: ¥16,740 million (down 46.7%)
Earnings per share
Fully diluted earnings per share
Yen
Yen
First three months of Fiscal 2026
40.11
-
First three months of Fiscal 2025
36.46
-
Consolidated Financial Position
Total assets
Net assets
Equity ratio
Million yen
Million yen
%
June 30, 2025
790,346
506,349
61.8
March 31, 2025
789,713
502,570
61.4
(Reference) Equity capital: June 30, 2025: ¥488,550 million March 31, 2025: ¥485,005 million
Dividends
Dividend per share
1Q End
2Q End
3Q End
Year-End
Annual
Fiscal 2025
Fiscal 2026
Yen
-
-
Yen
25.00
Yen
-
Yen
30.00
Yen
55.00
Fiscal 2026 (forecast)
30.00
-
30.00
60.00
(Note) Revision to the latest forecast of dividends: None
Forecast of Consolidated Financial Results for the Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)
(The full-year percentages indicate the rates of increase or decrease compared with the previous fiscal year; the percentages for the first half are comparisons with the same period of the previous fiscal year.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
First half | 435,000 | 1.3 | 24,000 | (7.7) | 26,000 | (4.0) | 19,000 | (6.7) | 65.58 |
Full year | 870,000 | 2.2 | 50,000 | 7.8 | 53,000 | 7.7 | 39,000 | 12.4 | 134.61 |
(Note) Revision to the latest forecast of financial results: None
* Notes
Significant changes in the scope of consolidation during the first three months of the fiscal year ending March 31, 2026: None
Adoption of special accounting treatment for preparing quarterly consolidated financial statements: Yes
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements and Related Notes (3) Notes on Quarterly Consolidated Financial Statements [Notes on Special Accounting Treatment for Preparing Quarterly Consolidated Financial Statements]" on page 10 of the Attachment.
Changes in accounting policies, changes in accounting estimates and revisions restated
Changes in accounting policies associated with the revisions of accounting standards, etc.: None
Changes in accounting policies other than the above: None
Changes in accounting estimates: None
Revisions restated: None
As of June 30, 2025
290,657,891
As of March 31, 2025
290,657,891
As of June 30, 2025
936,760
As of March 31, 2025
936,739
First three months of Fiscal 2026
289,721,136
First three months of Fiscal 2025
297,426,100
Number of shares issued and outstanding (common stock)
Number of shares issued and outstanding (including treasury shares)
Number of treasury shares
Average number of shares outstanding
Review of the attached quarterly consolidated financial statements by certified public accountants or the audit firm: Yes (voluntary)
Statement regarding the proper use of financial forecasts and other special remarks
The statements contained in this document are based on various assumptions and do not constitute any guarantee or definite promise that projections of future performance or related business policies will actually be realized. For details of assumptions for financial forecasts and other related matters, please refer to "1. Overview of Business Performance, etc. (3) Forecast of Consolidated Financial Results and Other Forward-looking Information" on page 5 of the Attachment.
Supplementary materials for this report can be found on the Company's website.
Overview of Business Performance, etc 2
Overview of Business Performance for the Period under Review 2
Overview of Financial Position for the Period under Review 5
Forecast of Consolidated Financial Results and Other Forward-looking Information 5
Quarterly Consolidated Financial Statements and Related Notes 6
Quarterly Consolidated Balance Sheets 6
Quarterly Consolidated Statements of Income and Comprehensive Income 8
[Quarterly Consolidated Statements of Income] 8
[Quarterly Consolidated Statements of Comprehensive Income] 9
Notes on Quarterly Consolidated Financial Statements 10
[Notes on the Premise of a Going Concern] 10
[Notes on a Significant Change in Shareholders' Equity] 10
[Notes on Special Accounting Treatment for Preparing Quarterly Consolidated Financial
Statements] 10
[Notes on Quarterly Consolidated Statements of Income] 10
[Notes on Quarterly Consolidated Statements of Cash Flows] 10
[Notes on Segment Information, etc.] 11
-
Overview of Business Performance, etc.
Overview of Business Performance for the Period under Review
[Overview of the first three months of the consolidated fiscal year under review]
During the first three months of the fiscal year ending March 31, 2026, the Japanese economy saw strong inbound tourism demand. However, consumer spending did not pick up due to the rise in the price of rice induced by shortages, in addition to the persistently high prices of other goods. Additionally, U.S. tariff policies added to the uncertainty of the global economy. The future of the environment surrounding the Nisshin Seifun Group is highly uncertain.
Under these conditions, the Group strives to fulfill its corporate mission of ensuring a stable supply of foods involving wheat flour and the delivery of safe and reliable products in each business area. At the same time, in a push to achieve the goals set out in "The Nisshin Seifun Group Medium-Term Management Plan 2026," set to conclude in the fiscal year ending March 31, 2027, the Group's highest priority has been its efforts to stimulate its ability to grow by restructuring its business portfolio, addressing its rising costs in the current inflationary environment, including personnel expenses, increasing the profits from the Australia flour milling business and implementing a new strategy to restructure the business, steadily improving the performance of the India yeast business while pursuing profitability, and expediting automation and labor-saving measures.
Specifically, in the Flour Milling Business, the Mizushima Plant of Nisshin Flour Milling, Inc. commenced operations in May of this year. This plant was established as a "smart plant" that utilizes advanced automation and digital technologies. After the Mizushima Plant began operating, the Okayama Plant was closed in July, and the Sakaide Plant is scheduled to close in September. Miller Milling Company, LLC, based in the United States, is enhancing its production systems. At the Saginaw Plant, production lines were added and began operating in March. Reinforcement work at the Winchester Plant is scheduled to be completed soon. In the Processed Food Business, Nisshin Seifun Welna Inc. entered into an agreement with Shohei Ohtani of the Los Angeles Dodgers in November last year to feature him in a commercial. Nisshin Seifun Welna Inc. has rebranded Ma·Ma, which is celebrating its 70th anniversary this year, and is revising its lineup and launching new products. Additionally, Nisshin Seifun Welna Inc. is striving to increase demand for its products by enthusiastically implementing sales promotion activities leveraging this agreement. Nisshin Pharma Inc. plans to discontinue its fine chemicals business, which produces and sells Active Pharmaceutical Ingredient, in the fiscal year under review. It also plans to transfer its healthcare foods business, which manufactures and sells supplements, to Oriental Yeast Co., Ltd., a company that operates a yeast and biotechnology business.
Consolidated net sales in the first three months of the fiscal year under review increased 0.7% year on year to ¥215,364 million, chiefly due to an increase in large-scale construction in the engineering business and strong sales in the processed food business and the prepared dishes and other prepared foods businesses. This increase was partly offset by wheat prices decreasing and the impact of foreign currency translation in the overseas flour milling business. Operating profit and ordinary profit decreased 14.6% year on year to ¥11,296 million and 10.9% to ¥12,932 million, respectively, primarily due to the downturn of the overseas flour milling business caused mainly by foreign currency translation, costs associated with the start of operations at the Mizushima Plant in the domestic flour milling business, and the increasing expenses in various business, including the cost of raw materials, transportation and labor. Profit attributable to owners of parent came to
¥11,620 million, up 7.1% year on year, reflecting a gain on sale of investment securities due to the reduction of cross-shareholdings.
(Year-on-year Comparison)
(Million yen)
First three months of Fiscal 2025
First three months of Fiscal 2026
Difference
Change
Net sales
213,874
215,364
1,490
0.7%
Operating profit
13,220
11,296
△1,923
(14.6)%
Ordinary profit
14,516
12,932
△1,583
(10.9)%
Profit attributable to owners of parent
10,845
11,620
774
7.1%
[Business Overview by Segment]
* Expenses incurred by Nisshin Seifun Group Inc., which had been regarded as shared Company-wide expenses, were previously allocated to each business based on business size. However, due to active efforts to advance the Group's business portfolio in recent years, there has been an uptick in the handling of growth investments, including new acquisitions, subsequent post-merger integration (PMI) initiatives, and compliance with local laws and regulations. In light of this situation, we have revised our criteria for allocating expenses to each business from the first quarter of the fiscal year under review.
We provide two types of year-on-year comparisons for each business: one that reflects the change of the allocation criteria and one that does not.
The year-on-year changes in operating profits in the explanation of each business's results reflect the changes to the allocation criteria.
Flour Milling Segment
(Million yen)
First three months of Fiscal 2025
First three months of Fiscal 2026
Difference
Change
Net sales
114,912
104,647
(10,265)
(8.9)%
Operating profit
7,733
6,675
(1,058)
(13.7)%
[following adjustments to the previous year's results*]
[(8,051)]
-
[(1,376)]
[(17.1)%]
In the domestic flour milling business, shipments remained roughly consistent with the previous year due to strong inbound tourism demand and the positive effects of active sales expansion measures, despite a reactionary decline following an increase in shipments before the price revisions in the previous fiscal year.
In July 2025, we revised the prices of commercial-use wheat flour due to changes in the government's prices for five classes of imported wheat. The government's price was lowered 4.6% on average in April. Additionally, transportation costs, personnel expenses and other expenses rose.
In the overseas flour milling business, net sales decreased from the previous fiscal year, primarily due to a decline in wheat market prices and foreign currency translation adjustments.
As a result, net sales of the Flour Milling Segment decreased 8.9% year on year to ¥104,647 million. Operating profit decreased 17.1%* to ¥6,675 million, primarily due to the increase of personnel and other expenses in the domestic flour milling business, costs associated with the start of operations at the Mizushima Plant and the impact from foreign currency translation in the overseas flour milling business.
Processed Food Segment
(Million yen)
First three months of Fiscal 2025
First three months of Fiscal 2026
Difference
Change
Net sales
51,303
54,749
3,445
6.7%
Operating profit
2,226
1,850
(376)
(16.9)%
[following adjustments to the previous year's results*]
[(2,003)]
-
[(153)]
[(7.7)%]
In the processed food business, we actively implemented initiatives to increase sales in Japan. This resulted in solid shipments, primarily of pasta. In addition, overseas shipments of commercial-use prepared mixes increased. Consequently, net sales exceeded the previous fiscal year. In the spring of this year, we launched the new Ma·Ma RICH-NA series of frozen pasta products, which enables consumers to enjoy a luxurious dining experience similar to eating pasta at a restaurant. We also launched new Nisshin Majisakutto prepared mixes designed for consumers who prefer to cook without oil. This product features proprietary materials that enable consumers to create crispy tempura and karaage (Japanese-style fried chicken) without having to deep fry the products.
In the yeast and biotechnology business, net sales were up year on year, reflecting increased shipments of yeast, etc. and higher sales volume in India.
In the healthcare foods business, net sales were lower year on year due to lower shipments of consumer products.
As a result, net sales of the Processed Food Segment increased 6.7% year on year to ¥54,749 million. Operating profit fell 7.7%* to ¥1,850 million, primarily due to the ongoing increase of costs, including raw material and transportation in the processed food business.
Prepared Dishes and Other Prepared Foods Segment
(Million yen)
First three months of Fiscal 2025
First three months of Fiscal 2026
Difference
Change
Net sales
37,973
40,773
2,799
7.4%
Operating profit
1,558
1,422
(135)
8.7%
[following adjustments to the previous year's results*]
[(1,489)]
-
[(66)]
[(4.5)%]
In the Prepared Dishes and Other Prepared Foods Segment, net sales increased 7.4% year on year to ¥40,773 million, reflecting robust sales. Operating profit decreased 4.5%* to ¥1,422 million, largely due to rising costs for raw materials and labor, which more than offset sales growth and improved productivity.
Others Segment
(Million yen)
First three months of Fiscal 2025
First three months of Fiscal 2026
Difference
Change
Net sales
9,683
15,194
5,511
56.9%
Operating profit
1,697
1,450
(246)
(14.5)%
[following adjustments to the previous year's results*]
[(1,671)]
-
[(220)]
[(13.2)%]
In the engineering business, net sales exceeded the previous fiscal year due to an increase in large-scale construction in the plant engineering area.
In the mesh cloths business, net sales declined year on year due to a decrease in shipments of screen printing materials for solar panels.
As a result, net sales of the Others Segment increased 56.9% year on year to ¥15,194 million, with operating profit down 13.2% to ¥1,450 million. The decrease in profit came from a decline in shipments in the mesh cloth business.
Overview of Financial Position for the Period under Review
(Million yen)
As of March 31, 2025
As of June 30, 2025
Difference
Current assets
Non-current assets
338,728
450,984
330,533
459,812
(8,194)
8,827
Total assets
789,713
790,346
632
Current liabilities
Non-current liabilities
147,313
139,829
143,302
140,694
(4,010)
864
Total liabilities
287,143
283,996
(3,146)
Total net assets
502,570
506,349
3,779
Total liabilities and net assets
789,713
790,346
632
The status of assets, liabilities and net assets on a consolidated basis at the end of the first three months of the fiscal year ending March 31, 2026 was as follows.
Current assets decreased ¥8,194 million from the previous fiscal year-end to ¥330,533 million, mainly accompanying a decrease in cash and deposits. Non-current assets increased
¥8,827 million to ¥459,812 million, primarily accompanying increases in property, plant and equipment and the market valuation of investment securities held. As a result, total assets increased ¥632 million from the previous fiscal year-end to ¥790,346 million.
Current liabilities decreased ¥4,010 million to ¥143,302 million, mainly accompanying a decrease in accrued expenses. Non-current liabilities increased ¥864 million to ¥140,694 million. As a result, total liabilities decreased ¥3,146 million from the previous fiscal year-end to ¥283,996 million. Net assets increased ¥3,779 million to ¥506,349 million, mainly reflecting an increase due to profit attributable to owners of parent, a decrease due to the payment of dividends, and an increase in accumulated other comprehensive income.
Forecast of Consolidated Financial Results and Other Forward-looking Information
The consolidated results forecast for the fiscal year ending March 31, 2026 which was announced on May 15, 2025 has not been changed. Operating profit and ordinary profit in the first three months of the fiscal year under review declined year on year, but this was in line with the Company's expectations. The Company plans to ensure that prices are revised in each business beginning in the second quarter to achieve the full-year forecast. Additionally, it will continue to implement priority initiatives to achieve the targets set in "The Nisshin Seifun Group Medium-Term Management Plan 2026," which will conclude in the fiscal year ending March 31, 2027.
For the fiscal year under review, the Company plans to pay an annual dividend of ¥60 per share, an increase of ¥5 from the previous year as initially planned. This plan is based on the Company's basic policy of achieving a consolidated dividend payout ratio of approximately 50% (after the exclusion of gains or losses from non-recurring extraordinary factors) by the fiscal year ending March 31, 2027, the final year of "The Nisshin Seifun Group Medium-Term Management Plan 2026." Based on the planned dividends, the payout ratio on a consolidated basis for the fiscal year under review will be 44.6%, or 48.7% with the exclusion of gains or losses from non-recurring extraordinary factors. The targets for the final year of the Medium-Term Management Plan are net sales of ¥950.0 billion, an operating profit of ¥57.0 billion, EPS (earnings per share) of ¥140, and an ROE of 8.0%.
- Quarterly Consolidated Financial Statements and Related Notes
Quarterly Consolidated Balance Sheets
(Million yen)
As of March 31, 2025
As of June 30, 2025
Assets
Current assets
Cash and deposits
93,968
73,038
Notes and accounts receivable - trade, and contract 109,547 110,961
assets
Securities
2,150
14,079
Inventories
120,641
120,165
Other
12,933
12,736
Allowance for doubtful accounts
(512)
(447)
Total current assets
338,728
330,533
Non-current assets
Property, plant and equipment
Buildings and structures, net
77,665
79,129
Machinery, equipment and vehicles, net
74,633
80,956
Land
52,700
52,774
Right-of-use assets, net
18,731
18,473
Other, net
27,269
24,122
Total property, plant and equipment
251,000
255,455
Intangible assets
Goodwill
5,018
5,229
Other
15,956
15,841
Total intangible assets
20,975
21,070
Investments and other assets
Investment securities
158,338
162,726
Other
20,845
20,733
Allowance for doubtful accounts
(174)
(173)
Total investments and other assets
179,009
183,286
Total non-current assets
450,984
459,812
Total assets
789,713
790,346
As of March 31, 2025
(Million yen)
As of June 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade
64,872
72,044
Short-term borrowings
13,141
9,755
Income taxes payable
7,502
4,998
Accrued expenses
26,295
21,148
Other
35,502
35,355
Total current liabilities
147,313
143,302
Non-current liabilities
Bonds payable
20,000
20,000
Long-term borrowings
11,244
11,148
Lease liabilities
40,148
40,042
Deferred tax liabilities
37,689
38,916
Provision for repairs
1,281
1,227
Retirement benefit liability
21,935
21,782
Other
7,530
7,577
Total non-current liabilities
139,829
140,694
Total liabilities
287,143
283,996
Net assets
Shareholders' equity
Share capital
17,117
17,117
Capital surplus
12,560
12,560
Retained earnings
341,375
344,300
Treasury shares
(1,470)
(1,470)
Total shareholders' equity
369,583
372,507
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
74,065
77,306
Deferred gains or losses on hedges
(112)
71
Foreign currency translation adjustment
40,514
37,714
Remeasurements of defined benefit plans
955
949
Total accumulated other comprehensive income
115,422
116,042
Non-controlling interests
17,564
17,799
Total net assets
502,570
506,349
Total liabilities and net assets
789,713
790,346
Quarterly Consolidated Statements of Income and Comprehensive Income
[Quarterly Consolidated Statements of Income]
(Million yen)
Three months ended June 30, 2024
Three months ended June 30, 2025
Net sales
213,874
215,364
Cost of sales
165,310
167,940
Gross profit
48,563
47,424
Selling, general and administrative expenses
35,343
36,127
Operating profit
13,220
11,296
Non-operating income
Interest income
229
290
Dividend income
1,247
1,366
Share of profit of entities accounted for using equity method
466
880
Other
510
324
Total non-operating income
2,454
2,862
Non-operating expenses
Interest expenses
987
904
Other
170
321
Total non-operating expenses
1,158
1,226
Ordinary profit
14,516
12,932
Extraordinary income
Gain on sale of investment securities
2,039
4,668
Total extraordinary income
2,039
4,668
Extraordinary losses
Loss on retirement of non-current assets
135
404
Total extraordinary losses
135
404
Profit before income taxes
16,420
17,196
Income taxes
5,216
5,235
Profit
11,204
11,960
Profit attributable to non-controlling interests
358
340
Profit attributable to owners of parent
10,845
11,620
[Quarterly Consolidated Statements of Comprehensive Income]
Three months ended June 30, 2024
(Million yen)
Three months ended June 30, 2025
Profit
11,204
11,960
Other comprehensive income
Valuation difference on available-for-sale securities
(5,893)
3,240
Deferred gains or losses on hedges
198
156
Foreign currency translation adjustment
10,847
(2,544)
Remeasurements of defined benefit plans, net of tax
21
13
Share of other comprehensive income of entities accounted for using equity method
363
(217)
Total other comprehensive income
5,536
648
Comprehensive income
16,740
12,609
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
15,879
12,240
Comprehensive income attributable to non-controlling interests
861 369
Notes on Quarterly Consolidated Financial Statements
The quarterly consolidated financial statements have been prepared, conforming to the Tokyo Securities Exchange's General Principles for Preparing Quarterly Consolidated Financial Statements, Article 4 paragraph (i) and accounting standards for quarterly financial statements accepted generally as being fair and appropriate in Japan (however, when matters stipulated under Article 4 paragraph
(ii) apply, there is no need for adoption).
[Notes on the Premise of a Going Concern] There are no applicable matters to be reported.
[Notes on a Significant Change in Shareholders' Equity] There are no applicable matters to be reported.
[Notes on Special Accounting Treatment for Preparing Quarterly Consolidated Financial Statements]
Tax expenses are calculated in accordance with Paragraph 15, "Method for Using the Statutory Effective Tax Rate," of the Implementation Guidelines on Tax Effect Accounting for Interim Financial Statements, pursuant to the provision of Paragraph 19 of the Guidance on Accounting Standard for Quarterly Financial Reporting.
The amount of tax adjustments is included in "Income taxes."
[Notes on Quarterly Consolidated Statements of Income]
(Application of accounting procedures and disclosure of income taxes related to the global minimum tax rules)
The Company applies paragraph 7 of Accounting for and Disclosure of Current Taxes Related to the Global Minimum Tax Rules (ASBJ PITF No. 46, March 22, 2024) and does not record income taxes related to the global minimum tax rules in the consolidated financial statements for the first three months of the fiscal year under review.
[Notes on Quarterly Consolidated Statements of Cash Flows]
The quarterly consolidated statements of cash flows has not been prepared for the three months ended June 30, 2025. Depreciation (including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the three-month period under review are as follows.
Three months ended June 30, 2024
Three months ended June 30, 2025
Depreciation ¥5,714 million ¥6,146 million
Amortization of goodwill ¥308 million ¥317 million
[Notes on Segment Information, etc.] [Segment Information]
First three months of Fiscal 2025 (April 1, 2024 to June 30, 2024)
Information on net sales and profit (loss) by reportable segment
(Million yen)
Reportable segment
Others (Note 1)
Total
Adjustment (Note 2)
Carried on quarterly consolidated statements of income
(Note 3)
Flour Milling
Processed Food
Prepared Dishes and Other Prepared
Foods
Total
Net sales
Sales to external customers
114,912
51,303
37,973
204,190
9,683
213,874
-
213,874
Intersegment sales and transfers
4,848
428
1,128
6,405
670
7,076
(7,076)
-
Total
119,761
51,732
39,102
210,596
10,354
220,950
(7,076)
213,874
Segment profit
8,051
2,003
1,489
11,544
1,671
13,215
4
13,220
Notes: 1. Business segment of "Others" is excluded from reportable segment, which includes engineering, mesh cloths, handling and storage businesses.
Segment profit adjustment refers to intersegment transaction eliminations and other.
Segment profit has been adjusted for the operating profit appearing in the quarterly consolidated statements of income.
First three months of Fiscal 2026 (April 1, 2025 to June 30, 2025)
Information on net sales and profit (loss) by reportable segment
(Million yen)
Reportable segment
Others (Note 1)
Total
Adjustment (Note 2)
Carried on quarterly consolidated statements of income
(Note 3)
Flour Milling
Processed Food
Prepared Dishes and Other Prepared Foods
Total
Net sales
Sales to external customers
104,647
54,749
40,773
200,170
15,194
215,364
-
215,364
Intersegment sales and transfers
5,071
457
1,170
6,699
1,512
8,212
(8,212)
-
Total
109,718
55,206
41,944
206,869
16,707
223,577
(8,212)
215,364
Segment profit
6,675
1,850
1,422
9,948
1,450
11,398
(101)
11,296
Notes: 1. Business segment of "Others" is excluded from reportable segment, which includes engineering, mesh cloths, handling and storage businesses.
Segment profit adjustment refers to intersegment transaction eliminations and other.
Segment profit has been adjusted for the operating profit appearing in the quarterly consolidated statements of income.
2. Changes in reportable segments
Expenses incurred by Nisshin Seifun Group Inc., which had been regarded as shared Company-wide expenses, were previously allocated to each business based on business size. However, due to active efforts to advance the Group's business portfolio in recent years, there has been an uptick in the handling of growth investments, including new acquisitions, subsequent PMI initiatives, and compliance with local laws and regulations. In light of this situation, we have revised our criteria for allocating expenses to each business from the first
quarter of the fiscal year under review.
Segment profit for the first three months of the previous fiscal year reflects this change in allocating standards.