Summary of Q&A for Results Briefing of the Third Quarter of Fiscal Year 2020 held on February 5, 2021

We don't have any extra inventory in Japan and overseas. The situation is steady.

Commercial foods, which had been struggling until the second quarter, performed relatively well from October to November due to government measures (GoTo Eat and GoTo Travel Campaign).
Chilled foods continued to be struggling, but the fact that profits have improved due to a review of the personnel system and improvements in productivity also worked positively.

There are concerns about the raw material situation of bonito and tuna oil, which are the raw materials for DHA, due to growing demand in Japan and overseas. We are not worried because we have secured various raw material suppliers.

It is scheduled to be inspected by the FDA, but the situation where the FDA cannot come to Japan continues due to the influence of the new coronavirus.

Over the last few years, operating profit has been at a level of over 20 billion yen, so we think we should go to that level, but we can't give you a specific number at this moment.

The domestic aquaculture business is expected to improve next fiscal year. The deficit has continued to be difficult this year, and we are working on measures to eliminate the deficit or turn it into a surplus next fiscal year. We think we can see the improvement effect in the chilled foods business as well. On the other hand, the North American fishery processing business is considered to be at risk depending on the impact of the new coronavirus.