NISSIN FOODS GROUP

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Business Overview

During the three months under review, the global economy saw consistent growth, while it lacked strength given the growing uncertainties regarding the global economy such as intensifying US-China trade disputes and the Brexit discussions. In Western countries, economies remained firm, reflecting solid trends in consumer spending and capital investments despite the mounting political uncertainties. In Asia, economies are beginning to suffer a setback in the pace of growth given the growing concerns regarding a downside risk involved in China’s economy amid the trade frictions between the United States and China.

In Japan, the economy remained at somewhat of a standstill, reflecting high but mixed corporate earnings and a plunge in capital spending with weak exports, while consumer spending saw a mild recovery given the good employment and income conditions.

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 strategic themes such as 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, 5) Developing and strengthening human resources for global management.

Revenue

Revenue
  3/2018 3/2019 3/2020
3 months 101,337 103,399 105,894
6 months 210,601 214,662
9 months 329,827 336,759
Full year 440,909 450,984

(million yen)

Operating Profit

Operating Profit
  3/2018 3/2019 3/2020
3 months 8,856 12,833 8,627
6 months 18,721 22,537
9 months 35,946 34,772
Full year 35,175 28,967

(million yen)

Profit attributable to owners of parent

Profit attributable to owners of parent
  3/2018 3/2019 3/2020
3 months 6,353 8,271 5,800
6 months 14,538 15,150
9 months 29,039 24,708
Full year 29,134 19,356

(million yen)

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