Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021
(Japanese GAAP)

November 12, 2021

Company name: Nishimoto Co., Ltd.
Listed exchange: Tokyo
Code:
9260
URL: http://www.wismettac.com/
Representative:
Yoshiro Susaki, Chairman & President CEO
Contact:
Yuji Sasa, Director/CFO(Phone) 03-6870-2015
Scheduled date of filing of quarterly report:
November 12, 2021
Scheduled date of commencement of dividend payments:—
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results presentation meeting:No(Amounts are rounded down to the nearest million yen)

1.

Consolidated financial results for the third quarter of the fiscal year ending December 31, 2021
(from January 1, 2021 to September 30, 2021)(1) Consolidated results of operations (cumulative)
Net sales(Percentages denote year-on-year changes)
Profit attributable toOrdinary income
owners of parent

Operating income

Million yen%

Million yen%

Million yen

%

4,963

—

(240)

—

Third quarter of FY ending
155,378
5,042
24.9
—
December 31, 2021
Third quarter of FY ended
124,38955(9.2)(98.5)
December 31, 2020
(Note) Comprehensive income
Third quarter of FY ending December 31, 2021: 6,649 million yen (—%)
Third quarter of FY ended December 31, 2020: (1,134) million yen (—%)
Diluted net income per
Net income per share
share
Third quarter of FY ending
December 31, 2021
Third quarter of FY ended
December 31, 2020

Yen

Yen

225.30

—

25.36

—

Million yen%

3,233 788.6
363(85.7)(2) Consolidated financial position
Total assets

Net assets

Million yen

As of September 30, 2021
124,731(FY 2021 3Q)
As of December 31, 2020
113,606(FY 2020)(Reference)
Shareholders' equity
Third quarter of FY ending December 31, 2021:
FY ended December 31, 2020:2.

Equity ratio

Million yen%

56,70245.1

50,842

44.4

56,280 million yen
50,454 million yen

Dividends
Annual dividends
First quarter-end
Yen

Secondquarter-end

Third quarter-end
Yen

—
0.00
FY ended December 31, 2020—
35.00
FY ending December 31, 2021
FY ending December 31, 2021
(Forecast)(Note) Revision to the forecast for dividends announced most recently: None

Year-end

Total

Yen

Yen

Yen

—
—

20.00

20.00

45.00

80.00

3.

Consolidated financial results forecast for the fiscal year ending December 31, 2021
(from January 1, 2021 to December 31, 2021)

Net sales
Million yen(Percentages denote year-on-year changes)
Profit attributable to Net income per
Ordinary income
owners of parent
share

Operating income%

Million yen%

Million yen%

FY ending December
200,000
18.7
5,500 177.4
5,100 197.3
31, 2021(Note) Revision to the forecast for financial results announced most recently: None

Million yen

%

Yen

3,800

273.9

264.75* Notes(1) Changes in significant subsidiaries during the first nine months of the fiscal year:
None(Changes in specified subsidiaries resulting in changes in the scope of consolidation)
New – companies(Company name) / Excluded – companies (Company name) –(2) Application of accounting treatment specific to the preparation of quarterly consolidated
financial statements:(3) Changes in accounting policies, changes to accounting estimates, and restatements(i) Changes in accounting policies due to revisions of accounting standards:

Yes

None

(ii) Changes in accounting policies other than (i) above:None(iii) Changes in accounting estimates:None(iv) Restatements:

None(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at the end of the As of September
14,353,140 shares30, 2021
period (including treasury shares)(ii) Number of treasury shares at the end of the
As of September
153 shares30, 2021
period(iii) Average number of shares during the period
As of September
14,352,993 shares30, 2021(nine months ended September 30, 2021)

December 31,
2020

14,353,140 shares

December 31,
2020

112 shares

September 30,
2020

14,353,028 shares* These quarterly financial results are not subject to quarterly review procedures.
* Explanation of the proper use of financial results forecasts and other notes(Cautionary note on forward-looking statements, etc.)
The forward-looking statements such as financial results forecasts contained in this document are based on information currently
available to the Company and certain reasonable assumptions. Thus, these statements are not intended for management to promise theachievement of the forecast. Actual financial results may differ materially due to various factors. For conditions of the assumptions in
the forecast and notes to use of the forecast, please see the section titled "(3) Explanation of future forecasts such as consolidated financial
results forecasts" under the chapter titled "1. Qualitative information on quarterly financial results" on the page 4 of the attachment.
(How to obtain the quarterly financial results supplementary materials)
The quarterly financial results supplementary materials will be disclosed on TDnet on November 12, 2021 and will also be posted on the
Company's website.

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

 Attachment: Table of Contents
1. Qualitative information on quarterly financial results .............................................................................................. 2(1) Explanation of operating results ........................................................................................................................ 2(2) Explanation of financial position ....................................................................................................................... 3(3) Explanation of future forecasts such as consolidated financial results forecasts ................................................ 4
2. Quarterly consolidated financial statements and major notes .................................................................................. 5(1) Quarterly consolidated balance sheet ................................................................................................................. 5(2) Quarterly consolidated statements of income and comprehensive income ........................................................ 7(3) Notes to the quarterly consolidated financial statements ................................................................................... 9(Notes to assumption of going concern) ............................................................................................................ 9(Notes on significant changes in shareholders' equity) ...................................................................................... 9(Application of an accounting treatment specific to the preparation of the quarterly consolidated
financial statements) .......................................................................................................................................... 9(Additional information) .................................................................................................................................... 9(Segment information) ..................................................................................................................................... 10–1–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

1. Qualitative information on quarterly financial results(1) Explanation of operating results[Outline of the first nine months of the fiscal year]
During this consolidated cumulative third quarter, the world economy was hit by another pandemic caused by a new coronavirus
variant, but the number of infected people and its rippling impact appear to be moving away from their peak and the global
economy seems to be recovering as a whole. However, uncertainty continues to linger over the prospect for containment, as thedisparity and division between developed and developing countries has deepened further due to imbalances in vaccine supply
and other factors, and infections are spreading again even in developed countries where vaccination has progressed. Furthermore,while demand growth associated with deregulation is accelerating, supply recovery is lagging due to logistical disruptions, andinflation is progressing rapidly in the U.S. and some emerging market countries, making economic recovery still accompanied
by uncertainty.
Under such circumstances, the Company Group reacknowledged its mission as a food distributer and has been making efforts tosteadily supply delicious and safe food products to customers and consumers all over the world, while ensuring employee healthand safety. At the same time, the Group has been working to recover and stabilize businesses impacted by the COVID-19
pandemic.
The main businesses of the Company Group are: the Asian Food Global Business that distributes food products and ingredientsfrom Asian countries, including Japan, to countries and regions such as North America, Europe, Asia, and Oceania; theAgricultural & Seafood Products Trading Business that distributes overseas agricultural and seafood products (mainly fresh fruits
and vegetables) in domestic markets and exports Japanese fresh fruits and vegetables to overseas markets; and offshore trading.
Also, the Company Group engages in business that distributes foreign brand foods, character and seasonal goods planned anddeveloped by the Company Group to imported food stores, daily sundry shops, etc. in Japan, and in business that develops anddistributes natural supplements.
As for the Asian Food Global Business, the Company Group has continued to work on a business structural reform to achievesustainable and stable incomes from the North American region as its major sales destination. Also, as one of its growth strategies,
the Company Group has been promoting the expansion of its business platform in regions outside of North America using
methods such as M&A.
As for the Agricultural & Seafood Products Trading Business, the Company Group has continued to expand sales of imported
agricultural and seafood products to the domestic wholesale market, mass retailers, and restaurant chains as the three major sales
destinations. The Company Group is also actively working on the expansion of overseas distribution routes, including export ofdomestic fruits and vegetables, sales expansion in the Chinese market through offshore trading, in addition to its overseas
procurement capabilities developed so far.
As a result, with respect to the financial results for this consolidated cumulative third quarter, the Company had net sales of155,378 million yen (24.9% increase year-on-year), operating income of 5,042 million yen (operating income of 55 million yen
in the same period of the previous year), ordinary income of 4,963 million yen (ordinary losses of 240 million yen in the same
period of the previous year) and profit attributable to owners of parent of 3,233 million yen (788.6% increase year-on-year).
Financial results by segment are as follows: It is noted that net sales of segments are net sales to external customers.
[Outline of operating results by segment](i) Asian Food Global BusinessIn the Asian Food Global Business, for this consolidated cumulative third quarter, the Company had net sales of 116,356
million yen (37.3% increase year-on-year) and operating income of 5,657 million yen (operating losses of 113 million yen
in the same period of the previous year).
In terms of sales, although sales to restaurants declined significantly in the same period of the previous year due tolockdowns and other restrictions following the spread of novel coronavirus infection, overall sales recovered steadily in thisconsolidated cumulative third quarter despite lingering effects in some areas, resulting in a significant increase in sales.
In terms of profits, although the Company posted an operating loss in the same period of the previous year due to therecording of provision of allowance for doubtful accounts and valuation loss on inventories, in addition to the decrease inprofits caused by the significant decrease in sales in the first half of the fiscal year, the Company posted a significant increasein profit in this consolidated cumulative third quarter due to the implementation of various measures for the recovery of
profit, and reversal of valuation loss on inventories and provision of allowance for doubtful accounts, in addition to theincrease in profits caused by the increase in sales. Specific measures to restore profitability include expansion of products
for delivery and take-out services and grocery stores, early price adjustment in anticipation of soaring raw material, ocean
freight, and labor costs, and reduction of SG&A expenses.

–2–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

In the North America region, the Company's main market, sales to restaurants have recovered beyond expectations partly
due to deregulation associated with progress in vaccinations and a rebound in consumer demand, resulting in recovery andgrowth above the level of FY 2019, which is the period before the negative impact of the spread of novel coronavirus
infection was recognized. Sales to grocery stores remain strong even under an environment where novel coronavirus
infection is spreading and continue to underpin the Company's robust performance.
As for regions other than North America, Europe is progressing relatively quickly with vaccinations and is showing a steadyrecovery in general, as is the case in North America. On the other hand, in the Asia and Oceania region, despite the relatively
successful border measures, etc., the rapid spread of infections has led to the implementation of lockdowns and othermeasures again, and there are countries and regions where sales to restaurants in particular have been severely affected,
causing regional differences in the degree of recovery.
(ii) Agricultural & Seafood Products Trading BusinessIn the Agricultural & Seafood Products Trading Business, for the third quarter of the current consolidated fiscal year, theCompany had net sales of 36,645 million yen (1.3% decrease year-on-year) and operating losses of 66 million yen (operating
income of 577 million yen in the same period of the previous year).
Sales were affected by price hikes, etc. due to special demand for Taiwanese pineapples and inventory adjustments amid anationwide supply shortage, while demand for mainstay imported fruits and vegetables was sluggish due to the prolonged
declaration of a state of emergency, combined with competition with low-priced domestic products, resulting in a decline insales year-on-year.
In terms of profits, even though it was difficult to secure profits in the same period of the previous year due to excessive
inventory caused by weak sales and sluggish prices, profits decreased in the current term due to a large loss in the third
quarter, which is the high season along with the second quarter. In addition to poor quality in the production area, the main
reason for the decrease in profits was that delays in the schedule of entering the ports due to the global logistics turmoil
caused a backlog of inventory and a significant collapse in the market. Moreover, we fell into a vicious cycle of worsening
yield rates, etc. due to weak sales caused by sluggish demand, resulting in a struggle to secure profits.
(iii) Other businesses
In other businesses, for the third quarter of the current consolidated fiscal year, the Company had net sales of 2,376 million
yen (6.4% decrease year-on-year) and operating losses of 56 million yen (operating income of 24 million yen in the same
period of the previous year).
During the Valentine's Day and White Day sales season, although the Company could secure profit by reducing purchases
according to the plan and SG&A expenses, sales decreased due to the continued impact on retailers, our major customers,
including shortened business hours, in April and onward by the intermittent declaration of a state of emergency. In this third
quarter, both net sales and income decreased because there was no special demand for imported processed foods andsupplements that boost immunity.

(2) Explanation of financial position(Assets)
Total assets as of September 30, 2021 stood at 124,731 million yen, an increase of 11,124 million yen compared to December
31, 2020, and was mainly attributable to the following.
Total current assets as of September 30, 2021 amounted to 107,877 million yen, an increase of 9,756 million yen compared
to December 31, 2020. The increase in total current assets was due to an increase of 5,638 million yen in inventories, anincrease of 2,261 million yen in notes and accounts receivable—trade, and an increase of 1,529 million yen in cash anddeposits.
Total non-current assets as of September 30, 2021, came to 16,854 million yen, an increase of 1,368 million yen compared
to December 31, 2020. The increase in total non-current assets was due to an increase of 673 million yen in leased assets,net, and an increase of 628 million yen in goodwill.
(Liabilities)
Total liabilities as of September 30, 2021 stood at 68,028 million yen, an increase of 5,265 million yen compared to
December 31, 2020, and was mainly attributable to the following.
Total current liabilities as of September 30, 2021, amounted to 27,235 million yen, an increase of 5,742 million yen
compared to December 31, 2020. The increase in current liabilities was due to an increase of 2,880 million yen in current
portion of long-term loans payable, an increase of 2,069 million yen in notes and accounts payable—trade, and an increaseof 276 million yen in other current liabilities, including accrued expenses, etc.
–3–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

Total non-current liabilities as of September 30, 2021 was 40,793 million yen (a decrease of 477 million yen compared to
December 31, 2020). The decrease in non-current liabilities was due to a decrease of 1,601 million yen in net defined benefit
liability, a decrease of 645 million yen in provision for directors' bonuses, and a decrease of 442 million yen in long-termloans payable, despite an increase of 1,464 million yen in other non-current liabilities, including long-term accounts payable,
etc. and an increase of 666 million yen in lease obligations.
(Net assets)
Total net assets as of September 30, 2021 amounted to 56,702 million yen, an increase of 5,859 million yen compared to
December 31, 2020. The increase in total net assets is mainly due to an increase of 3,351 million yen in foreign currencytranslation adjustment and an increase of 2,444 million yen in retained earnings.

(3) Explanation of future forecasts such as consolidated financial results forecasts
Forecasts of financial results for the fiscal year ending December 31, 2021 are described in the Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending December 31, 2021 (Japanese GAAP), published on August 12, 2021. The
forecasts remain unchanged.

–4–Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet
FY 2020(As of December 31, 2020)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable—trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Leased assets, net
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Software
Software in progress
Customer-related assets
Other
Total intangible assets
Investments and other assets
Investment securities
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets–5–(Millions of yen)
Third quarter of FY 2021
(As of September 30, 2021)

52,71818,51025,223
2,196(527)
98,121

54,247
20,77130,862
2,421(425)
107,877

2,408
458
407
779
520
4,573

2,882
423
379
1,452
222
5,360

4,187
330
438
3,877
57
8,891

4,815
309
711
3,695
53
9,585

288
843
791
161
(63)
2,020
15,485
113,606

255
902
600
161
(10)
1,908
16,854
124,731

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

FY 2020(As of December 31, 2020)(Millions of yen)
Third quarter of FY 2021
(As of September 30, 2021)

10,930
3,513
371
290
2,445
383
823
88
11
2,635
21,49313,000
3,626
3,252
336
2,708
411
911
77
0
2,911
27,23536,267
486
1,059
35
—
645
1,731
1,043
41,27062,76335,825
1,153
993
96
86
—
130
2,508
40,79368,0282,646
6,531
43,339(0)52,5172,646
6,531
45,784(0)54,9611
0(2,045)(18)(2,062)387
50,842
113,606

9
3
1,305
—
1,318
422
56,702
124,731

Liabilities
Current liabilities
Notes and accounts payable—trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Accounts payable—other
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Provision for shareholders' benefits
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for bonuses
Provision for share-based remuneration
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets–6–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

(2) Quarterly consolidated statements of income and comprehensive income
Quarterly consolidated statement of income
First nine months ended September 30, 2021

Net sales
Cost of sales

124,389
103,772(Millions of yen)First nine months of FY 2021
(January 1, 2021
to September 30, 2021)
155,378
126,163

Gross profit

20,616

29,214

Selling, general and administrative expenses
Operating income

20,561
55

24,171
5,042

Non-operating income
Interest and dividend income

62

42

Insurance benefits received
Foreign exchange gains

17
—

3
132

Reversal of allowance for doubtful accounts
Other

4
37

2
40

Total non-operating income

122

221

134
275
1
—
6

270
—
9
4
17

First nine months of FY 2020
(January 1, 2020
to September 30, 2020)

Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method
Provision of allowance for doubtful accounts
Other
Total non-operating expenses

417

301

(240)

4,963

779
—
779

—
174
174

Extraordinary losses
Impairment loss

199—

Total extraordinary losses
Profit before income taxes

199
340

—
5,137

Income taxes—current
Income taxes—deferred
Total income taxes

160
(192)
(32)

1,767
110
1,878

Net income
Profit attributable to non-controlling interests

373
9

3,259
25

Profit attributable to owners of parent

363

3,233

Ordinary income or loss
Extraordinary income
Marginal gain for gradual acquisition
Gain on revision of retirement benefit plan
Total extraordinary income–7–Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

Quarterly consolidated statement of comprehensive income
First nine months ended September 30, 2021

373

(Millions of yen)First nine months of FY 2021
(January 1, 2021
to September 30, 2021)
3,259

(6)
(4)

7
3

(1,482)
0

3,342
18

(13)

17

(1,507)(1,134)

3,389
6,649

(1,148)

6,614

14

34

First nine months of FY 2020
(January 1, 2020
to September 30, 2020)
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests–8–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

(3) Notes to the quarterly consolidated financial statements(Notes to assumption of going concern)
No relevant items.
(Notes on significant changes in shareholders' equity)
No relevant items.
(Application of an accounting treatment specific to the preparation of the quarterly consolidated financial statements)
Calculation of tax expenses
The tax expenses of some of non-Japan consolidated subsidiaries were calculated by multiplying net income before taxes
by an effective tax rate, which was estimated as the rate after the application of tax effect accounting to net income before
taxes for the fiscal year including the third quarter of the fiscal year.
(Additional information)
Accounting estimate associated with the novel coronavirus pandemic
There have been no significant changes in the assumptions regarding the impact of the COVID-19 pandemic, which were
described under Additional information—Accounting estimate associated with the novel coronavirus pandemic in theConsolidated Financial Results for the Fiscal Year Ended December 31, 2020.
Transfer from the lump-sum retirement benefit plan to the defined contribution pension plan
Effective as of April 2, 2021, the Company and some of its domestic consolidated subsidiaries transferred their lump-sum
retirement benefit plans, with some exceptions, to defined contribution pension plans, and have adopted "Accounting forTransfer between Retirement Benefit Plans" (ASBJ Guidance No. 1 revised on December 16, 2016) and "Practical Solution
on Accounting for Transfer between Retirement Benefits Plans" (ASBJ PITF No. 2 revised on February 7, 2007).
Along with this change, 174 million yen was recorded in gain on revision of retirement benefit plan under extraordinary
income for this consolidated cumulative third quarter.

–9–

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

(Segment information)
I.

First nine months of the fiscal year (from January 1, 2020 to September 30, 2020)

1.

Information related to net sales and profits/losses by reporting segment(Millions of yen)
Reporting segment
Agricultural &Asian Food
Seafood Products Other business
Global BusinessTrading BusinessNet sales
Sales to external customers
Intersegment sales or transfers
Total
Segment profit/loss

84,7295,169
89,898(113)

37,122037,123
577

2,537
—
2,537
24

Total

Adjustment(Note 1)

Amounts recordedin the quarterly
consolidated
statement of income(Note 2)—
(5,170)(5,170)(433)

124,389—
124,38955

124,389
5,170
129,559488(Note) 1. "Adjustment" for segment profit or loss in the amount of (433) million yen includes (1,403) million yen for eliminationof intersegment transactions and 970 million yen for company profit/loss not allotted to reporting segments (netcompany profits and net company expenses). Company profits consist mainly of dividend income from reporting
segments, and company expenses mainly comprise general and administrative expenses not attributed to reporting
segments.
2. The segment profit or loss is reconciled with the operating income on the Quarterly Consolidated Statement of Income.
2.

Information related to impairment loss of non-current assets and goodwill by reporting segment(Important impairment loss associated with non-current assets)
Due to decreased profitability under the impact of the novel coronavirus pandemic, the amount recoverable from the businessassets of a U.K. subsidiary in the import and wholesale business of Japanese foods and ingredients in the "Asian Food Global
Business" segment is estimated to be zero and it has been recorded as an impairment loss.
Due to decreased profitability under the impact of the novel coronavirus pandemic, the book value of the business assets of aHong Kong subsidiary in the import and wholesale business for Japanese foods and ingredients has been reduced to the recoverable
amount and is recorded as an impairment loss. The recoverable amount is based on the net selling price.
The amount provided for such impairment loss is 199 million yen in the previous consolidated cumulative third quarter.
(Material fluctuation in goodwill)In the "Asian Food Global Business" segment, we acquired additional stock of SSP Konsumgüter TRADE & CONSULT GmbHand COMPTOIRS DES 3 CAPS SAS, whereby they became consolidated subsidiaries instead of equity method affiliates. The
increase in goodwill attributable to these events is 6,782 million yen in the previous consolidated cumulative third quarter.
The goodwill is an amount calculated provisionally because the acquisition cost is not fully distributed in the previous
consolidated financial third quarter.

– 10 –

Nishimoto Co., Ltd. - Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending December 31, 2021

II.

First nine months of the fiscal year (from January 1, 2021 to September 30, 2021)

1.

Information related to net sales and profits/losses by reporting segment(Millions of yen)
Reporting segment
Agricultural &Asian Food
Seafood Products Other business
Global BusinessTrading Business

Total

Adjustment(Note 1)

Amounts recordedin the quarterly
consolidated
statement of income(Note 2)

Net sales
Sales to external customers

116,356
36,645
2,376
155,378—
155,378
4,471
0
—
4,472
(4,472)—
Total
120,828
36,645
2,376
159,850(4,472)
155,378
Segment profit/loss
5,657
(66)
(56)
5,533
(491)
5,042
(Note) 1. "Adjustment" for segment profit or loss in the amount of (491) million yen includes (119) million yen for elimination ofintersegment transactions and (371) million yen for company profit/loss not allotted to reporting segments (net company
profits and net company expenses). Company profits consist mainly of dividend income from reporting segments, andcompany expenses mainly comprise general and administrative expenses not attributed to reporting segments.
Intersegment sales or transfers

2. The segment profit or loss is reconciled with the operating income on the Quarterly Consolidated Statement of Income.
2.

Information related to impairment loss of non-current assets and goodwill by reporting segment(Material fluctuation in goodwill)In the Asian Food Global Business segment, 100% of shares of Interlock Investments Limited was acquired, and the company
was made into a consolidated subsidiary. The increase in goodwill attributable to these events is 822 million yen in this consolidated
cumulative third quarter.
The goodwill is an amount calculated provisionally because the acquisition cost is not fully distributed in this consolidated
financial third quarter.

– 11 –