Note: This document has been translated from 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.
For Immediate Release
November 7, 2025
Company Name: YUKIGUNI FACTORY CO., LTD.
Representative: Masafumi Yuzawa, President and CEO,
Representative Director
(Tokyo Stock Exchange, Prime Market:1375) Inquiries: Masayoshi Yoneyama, Corporate Planning
Division, General Manager, IR & Public
Relations Department Tel: +81-25-778-0162
Addition to the Performance Review Material for 2nd Quarter of Fiscal Year Ending March 2026YUKIGUNI FACTORY CO., LTD, (the "Company") hereby announces that, addition of a page has made to the "Performance Review for 2nd Quarter of Fiscal Year Ending March 2026" disclosed on November 6, 2025, as detailed below.
-
Reason for addition
The Company applies International Financial Reporting Standards (hereinafter IFRS) and discloses information based on the IAS 41 "Agriculture". Therefore, the purpose is to provide shareholders and investors with a deeper understanding of the impact that fair value changes resulting from the application of IAS 41 Agriculture have on the operating profit.
During the 2nd quarter of the fiscal year ending March 2026, operating profit decreased significantly year-on-year due to the impact of changes in fair value. However, core EBITDA, which reflects the underlying business performance excluding fluctuations in fair value, decreased by only 10.3% compared to the same period of the previous year, indicating the business continues to perform solidly. To clarify this point, the supplementary page provides a detailed breakdown and explanation of the fair value within total income and cost of sales using a T-account form.
- Detail of addition
The Company have broken down the fair value in total income and cost of sales using a T-account form. The relevant page is attached.
(Addition) Page 18
* The updated "Performance Review for 2nd Quarter of Fiscal Year Ending March 2026" has been posted on the Company's website.
https://www.en.yukiguni-factory.co.jp/ir/library/presentations/
(end)
Net Impact of Applying Accounting Treatment - IAS 41 "Agriculture" (Fair Value Break Down)
The cumulative income impact for the first half of the fiscal year was - JPY 1,110 million due to the accumulation of opening inventory balance, but for the 2Q alone, it was approximately JPY 200 million, showing that the year-on-year difference is narrowing and improving.
(JPY million)
1Q FYE March 2026
Icome Part (Biological Assets) Cost of Sales Part (Products) Icome Part (Biological Assets) Cost of Sales Part (Products)
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 1,349 | 204 | Outflows | 2,191 | (665) | |
Inflows | 1,553 | (1,199) | ||||
Other | 62 | (19) | ||||
Ending | 649 | (310) | ||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 460 | 71 | Outflows | 2,457 | (371) | |
Inflows | 2,191 | (665) | ||||
Other | (38) | |||||
Ending | 232 | |||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 649 | (310) | Outflows | 2,242 | (295) | |
Inflows | 3,260 | (554) | ||||
Other | 63 | 10 | ||||
Ending | 1,604 | (580) | ||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 232 | (237) | Outflows | 2,056 | (272) | |
Inflows | 2,242 | (295) | ||||
Other | (60) | |||||
Ending | 479 | |||||
Income Variance | Cost of Sales Variance | Income Variance | Cost of Sales Variance | |
(26/3 1Q - 25/3 1Q) (1,199) | (26/3 1Q - 25/3 1Q) (371) | (26/3 2Q - 25/3 2Q) | (554) | (26/3 2Q - 25/3 2Q) (272) |
A
Net Income Impact
(26/3 1Q - 25/3 1Q)
(828)
1Q FYE March 2025
B
Net Income Impact
(26/3 2Q - 25/3 2Q)
(282)
2Q FYE March 2025
Icome Part (Biological Assets)
Cost of Sales Part (Products)
Icome Part (Biological Assets)
Cost of Sales Part (Products)
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 1,145 | - | Outflows | 2,856 | - | |
Inflows | 2,752 | - | ||||
Other | 81 | - | ||||
Ending | 959 | - | ||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 389 | - | Outflows | 2,828 | - | |
Inflows | 2,856 | - | ||||
Other | (52) | - | ||||
Ending | 469 | - | ||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 959 | - | Outflows | 2,537 | - | |
Inflows | 3,814 | - | ||||
Other | 53 | - | ||||
Ending | 2,184 | - | ||||
Subject | Amount | Previous Period | Subject | Amount | Previous | Period |
Beginning | 469 | - | Outflows | 2,328 | - | |
Inflows | 2,537 | - | ||||
Other | (48) | - | ||||
Ending | 726 | - | ||||
Cumulative Net income Impact
for the 2Q of the Current Fiscal Year.
A
＋ B ＝ - JPY 1,110 million 0