Masaru Ikemi President of Maruha Nichiro Group

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

JAPAN
Thursday, November 13, 2025, 06:00 (GMT + 9)

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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