BANGKOK, Thailand – May 12, 2026 – Thai Union Group PCL announced that Japan Credit Rating Agency, Ltd. (JCR) has affirmed the company’s foreign currency and local currency long-term issuer ratings at ‘A’ with a Stable outlook. This rating is at the same level as Thailand's sovereign credit rating, reflecting Thai Union’s strong business potential and resilient financial position.

Thiraphong Chansiri, President and CEO of Thai Union Group, said, “JCR’s affirmation of Thai Union’s credit rating at ‘A’ with a Stable outlook is an important recognition of the resilience of our global business and the strength of our diversified portfolio. Even amid external volatility, we are focused on disciplined execution—strengthening our core businesses, accelerating structural improvements, and continuing to expand higher value-added segments under Strategy 2030.”

JCR said the ratings continue to be supported by Thai Union’s strong position in ambient seafood—where it is a leading global player in canned tuna—alongside the group’s diversified portfolio across ambient seafood, frozen and chilled seafood and pet food, and its ability to deliver stable earnings through global production, procurement and marketing capabilities.

In its commentary on recent performance, JCR noted that Thai Union’s 2025 sales volume increased 2.5% year-on-year, and operating profit was THB 6.1 billion. JCR said that Thai Union’s underlying profitability is supported by a growing contribution from pet food as it progresses toward higher value-added products, and improved performance in frozen and chilled seafood, including feed-related products.

JCR is a prominent credit rating agency in Japan, accredited by the Financial Services Agency (FSA). Recognized across global financial markets, JCR commands over 60% of the market share for domestic issuer ratings within Japan. Additionally, JCR distinguishes itself as the sole Japanese credit rating institution registered in the United States, the European Union, and the United Kingdom, ensuring that its credit ratings are widely accepted on an international scale.