Masaru Ikemi President of Maruha Nichiro Group

Maruha Nichiro Reports Record Operating Profit Amid Strong North American Pollock Market

Maruha Nichiro Corporation has announced consolidated financial results for the Second Quarter (Interim) of the fiscal year ending March 31, 2026 (covering April 1, 2025, to September 30, 2025), reporting a surge in operating profit.

The company, led by Representative Director, President & CEO Masaru Ikemi, saw its operating income rise by 16.6% year-on-year, reaching ¥18,740 million (approximately $124.93 million)*.

Consolidated Results for the Interim Period

The company's performance for the six months ended September 30, 2025, showed increases in both sales and profits on a consolidated basis (based on Japanese GAAP).

• Net Sales increased by 0.9% to ¥536,697 million (approximately $3.58 billion).

• Operating Income saw a significant jump of 16.6% to ¥18,740 million (approximately $124.93 million).

• Ordinary Income also increased by 16.8% to ¥18,332 million (approximately $122.21 million).

• However, Profit Attributable to Owners of Parent for the interim period was ¥12,455 million (approximately $83.03 million), representing a decrease of 9.8% from the previous interim period.

• Basic Earnings per Share were ¥247.23 for the period.

Interim consolidated statement of income

Financial Forecast and Share Split

The company also provided its full-year forecast for the fiscal year ending March 31, 2026:

• Net Sales are forecasted to be ¥1,080,000 million (approximately $7.2 billion), a 0.1% increase year-on-year.

• Operating Income is forecasted at ¥30,000 million (approximately $200 million), a slight decrease of 1.3%.

• Profit Attributable to Owners of Parent is forecasted at ¥17,500 million (approximately $116.67 million), a decrease of 24.8%.

Maruha Nichiro also announced a planned share split at a ratio of 3 shares for every 1 common share, effective January 1, 2026. The forecast for Basic Earnings per Share is stated as ¥115.81, which already considers the impact of this share split. Without considering the split, the forecast would be ¥347.44. The year-end dividend per share forecast has also been adjusted to ¥20.00 to account for the split, but if the impact were not considered, the annual dividend would be ¥110 (with an interim dividend of ¥50 and a year-end dividend of ¥60).

*Conversion: Based on an approximate exchange rate of ¥150 to $1 US for illustrative purposes.

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