Consolidated Financial Results

for the 2nd Quarter of the Year Ending March, 2022

November 19, 2021

Copyright ©2021 Maruha Nichiro Corporation

1. Progress toward the Full-year Forecast for the FY ending March 31, 2022

Net Sales: 50%, Operating Income 63%, Ordinary Income 66%

Overall steady progress in line with the full-year forecast.

(Billion Yen)

September 2021

Full-Year

Progress

Forecast

Net Sales

412.2

820.0

50%

Operating

12.5

20.0

63%

Income

Ordinary Income

13.9

21.0

66%

Copyright ©2021 Maruha Nichiro Corporation

2

2. Progress vs. Forecast by Business Segments

(JPY in Billions)

Net Sales

Operating Income

Segment

Sep/21

Full year

2Q/FYf

Sep/21

Full year

2Q/FYf

Forecast

Forecast

Marine Products Business

250.6

499.1

50%

6.1

8.3

73%

Processed Foods Business

147.5

292.2

50%

4.8

9.4

51%

Logistics

7.4

16.5

45%

0.6

1.8

33%

Others

6.7

12.2

55%

0.7

0.5

140%

Common Cost

0.0

-

-

0.3

0.0

-

Total

412.2

820.0

50%

12.5

20.0

63%

Copyright ©2021 Maruha Nichiro Corporation

3

3-1.Business Outlook

Fishery Business Unit

(JPY in Billions)

Net Sales

Segment

Unit

(After applying revenue

Operating Income

recognition)

Sep/21

Full year

2Q/FYf

Sep/21

Full year

2Q/FYf

Forecast

Forecast

Marine Products

Fishery Business

13.4

29.0

46%

-0.6

1.1

-

Business

Current Situation

Patagonian Toothfish

・Fish prices in overseas markets, mainly in the U.S., rapidly recovering to pre-COVID levels

Overseas purse seine business (Skipjack Tuna)

・Suspended operations of 2 unprofitable fishing vessels (out of a total of 5 vessels) at the beginning of this FY

Business Outlook

Patagonian Toothfish

  • Sales and op. income to recover

Overseas purse seine business (Skipjack Tuna)

  • Market and price pick-up is expected

Copyright ©2021 Maruha Nichiro Corporation

4

3-2.Business Outlook

Aquaculture Business Unit

(JPY in Billions)

Net Sales

Segment

Unit

(After applying revenue

Operating Income

recognition)

Sep/21

Full year

2Q/FYf

Sep/21

Full year

2Q/FYf

Forecast

Forecast

Marine Products

Aquaculture Business

6.8

13.3

51%

-0.4

-1.4

-

Business

Copyright ©2021 Maruha Nichiro Corporation

Business Outlook/Measures

Current Situation

• Joint research with the Fisheries

• High costs raising egg-to-harvest

Research and Education Agency(FRA)

bluefin tuna

Developing new technologies of

breeding egg-to-harvest bluefin tuna

  • Overall farmed fish (esp. Yellowtail)

Inventory ↓, Market price ↑

• Institutional Japanese food & sushi

businesses expected to recover

(from COVID-19 pandemic)

↓

• Further enhancement of sales of

bluefin tuna and greater amberjack

5

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Maruha Nichiro Corp. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 07:59:07 UTC.