NISSIN FOODS GROUP

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Business Overview

During the consolidated fiscal year under review, the global economy generally remained on an expansionary track, although there were growing concerns about the economic outlook in the midst of the growing uncertainties abroad caused by the U.S.-China trade dispute and BREXIT. In Western countries, the economy remained on a mild recovery path with solid consumer spending reflecting favorable labor and income conditions, despite the growing downside risks in the economy associated with the political uncertainties. Meanwhile, the economy in Asia was on a downward trend, primarily because of lower exports from the NIEs to China in the wake of the economic slowdown in China, while ASEAN nations saw their economies supported by domestic demand.

In Japan, consumer spending showed a mild recovery, reflecting favorable improvements in employment and income conditions. The economy on the domestic front continued to recover moderately, while corporate earnings showed somewhat sluggish gains. In the instant noodles industry, total worldwide demand increased to more than 100 billion units following from previous year, reflecting growth in demand in many regions including Asian emerging countries. In addition, domestic total demand reached a record high.

Under this environment, based on the “Medium-Term Management Plan 2021” of which term covers five years from the fiscal year ended March 31, 2017, to realize the improvements of “Earning power through operations” and “Value in capital markets,” we are working on the following strategies: 1) Promoting global branding, 2) Focusing on priority overseas locations, 3) Laying stronger foundations for our domestic profit base, 4) Establishing a second pillar that generates revenue and profit and 5) Developing and strengthening human resources for global management.

Revenue

Revenue
  3/2018 3/2019 3/2020 (Forecast)
3 months 101,337 103,399
6 months 210,601 214,662
9 months 329,827 336,759
Full year 440,909 450,984 465,000

(million yen)

Operating Profit

Operating Profit
  3/2018 3/2019 3/2020 (Forecast)
3 months 8,856 12,833
6 months 18,721 22,537
9 months 35,946 34,772
Full year 35,175 28,967 37,000

(million yen)

Profit attributable to owners of parent

Profit attributable to owners of parent
  3/2018 3/2019 3/2020 (Forecast)
3 months 6,353 8,271
6 months 14,538 15,150
9 months 29,039 24,708
Full year 29,134 19,356 26,000

(million yen)

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