Summary of the Q&A Session for the FY2024 Mid-Term Financial Results IR Briefing held on November 11, 2024

A change in Chilean law now allows for the division and management of existing aquaculture areas, enabling more efficient operation of fish cages and increasing production. We will announce further details of these plans in the next mid-term management plan.

We continue to develop the processing business by procuring fish raw materials from fishing vessels. With the remaining production capacity, we plan to strengthen our relationships with these vessels further, stabilize raw material supply, and enhance profitability through increased production.

Domestically, we will continue implementing revenue and expenditure management on an item-by-item basis and items cut. We are considering price adjustments to secure profits in response to potential future cost increases and rising logistics costs. Overseas, we anticipate potential raw material price increases due to tariffs next fiscal year, but we will strive to maintain growth by introducing new products and entering new markets.

It is not easy to present specific figures on business impact and market share at this stage. However, our existing facilities' current production capacity is sufficient.

If we can find synergies with existing businesses, we will expand beyond Food Products and Marine Products. We will pursue a broad strategy that may include M&A. The next mid-term management plan will also emphasize strengthening our position in Asia.

In the next mid-term management plan, we will focus investments on aquaculture and expanding overseas businesses. We will also actively seek partnerships with companies that generate synergies through M&A.

We will consider an appropriate equity ratio and the D/E ratio and strive to enhance shareholder returns and improve capital efficiency.

In the next mid-term management plan, we will prioritize strengthening existing businesses and creating new ones. We aim to generate added value across the entire value chain, leading to further growth.

We aim to strengthen the supply chain by calculating and discussing ROIC for each business.

To become a leading presence in the global marine sector, we focus on enhancing our supply and value chains to withstand natural disasters and market fluctuations. In addition to strengthening existing businesses, we aim to cultivate new ones and establish new pillars for business growth.