To Our Shareholders and Investors

I would like to express my deepest appreciation for your understanding of the business activities of the Hurxley Group on a daily basis.

In 1976, the Hurxley Group became the first company in Japan to provide "hot takeout box lunch lunches" for roughly half a century.
We are growing through franchising box lunch lunches and side dishes, implementing structural reforms to diversify our business, and promoting the integration of producers and consumers in the field of food.

We will promote product development and marketing to increase awareness and expansion of the Hurxley Group. This will be done in growth areas such as the prepared foods business and the food manufacturing and processing industry, which are centered on prepared foods, and also by expanding into regions centered on Southeast Asia as well as Japan.
We will strive to improve our corporate value through further efforts, such as improving capital efficiency and improving governance, and create a prosperous future, aspiring for the health and happiness of all.

We look forward to the continued support of our stakeholders.

Overview of the Fiscal Year Ended March 31, 2026

During the fiscal year ended March 31, 2026, the Japanese economy maintained a moderate recovery trend. However, the outlook remains uncertain due to ongoing concerns over prolonged geopolitical risks, particularly in the Middle East. Furthermore, persistent inflation has chilled consumer sentiment, raising continuous concerns over its adverse impact on personal consumption.
Under these economic conditions, the Group's net sales, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), operating profit, and ordinary profit all reached record highs. In addition, the Logistics and Food Processing Business, which serves as our growth driver, also achieved record-high operating profit for the fourth quarter period (January to March), representing an increase of 49.5% compared to the same quarter of the previous year.

As a result, for the consolidated fiscal year under review, net sales amounted to 52,427 million yen (up 16.1% year-on-year), operating profit was 3,057 million yen (up 58.3% year-on-year), ordinary profit was 3,003 million yen (up 44.3% year-on-year), and profit attributable to owners of parent was 1,483 million yen (up 23.2% year-on-year).

Outlook for the Fiscal Year Ending March 31, 2027

Regarding the future outlook, the business environment is expected to remain challenging, with numerous causes for concern, including prolonged geopolitical risks, exchange rate fluctuations, persistently high raw material and energy prices, as well as continued consumer thriftiness due to inflationary pressures.
Taking potential downside risks into consideration, for the 49th fiscal year ending March 31, 2027, the Group forecasts net sales of 55,500 million yen (up 5.9% year-on-year), operating profit of 2,800 million yen (-8.4% year-on-year), ordinary profit of 2,600 million yen (-13.4% year-on-year), and profit attributable to owners of parent of 1,600 million yen (up 6.6% year-on-year).

In addition, the annual dividend for the 49th fiscal year ending March 31, 2027, is planned to be 30.00 yen per share, representing an increase of 2.00 yen. This will mark consecutive dividend increases since the 45th fiscal year ended March 31, 2023.

President representative director chairman and Aoki Tatsuya