NISSIN FOODS GROUP

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Business Overview

During the consolidated fiscal year under review, the global economy generally recovered, although there was concern about uncertainties regarding policy directions in the United States and Europe and the effects of fluctuations in the financial and capital markets. In Western countries, economies showed a steady recovery, reflecting an expansion in consumer spending against a backdrop of favorable employment and income conditions. In Asia, including China, the economy also continued to recover owing to solid internal and external demand.

In Japan, corporate earnings remained firm on the back of this growth in the global economy. Consumer spending also recovered, reflecting continued improvements in the employment and income conditions, and the economy continued to recovery moderately.

In the instant noodles industry, total worldwide demand recovered to 100 billion units, reflecting growth in demand in many regions including Asian emerging countries. 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 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.

Consolidated Sales

Consolidated Sales
  3/2014 3/2015 3/2016 3/2017 3/2018
3 months 94,854 98,396 104,936 115,481 119,045
6 months 193,258 201,974 217,942 235,844 247,317
9 months 311,723 323,949 347,536 369,838 386,743
Full year 417,620 431,575 468,084 495,715 516,400

(million yen)

Consolidated Operating Income

Consolidated Operating Income
  3/2014 3/2015 3/2016 3/2017 3/2018
3 months 5,936 5,050 5,603 6,824 7,121
6 months 9,968 9,403 12,398 11,735 15,340
9 months 21,746 20,164 22,267 21,718 26,897
Full year 27,705 24,300 26,399 28,618 34,112

(million yen)

Consolidated Ordinary Income

Consolidated Ordinary Income
  3/2014 3/2015 3/2016 3/2017 3/2018
3 months 8,212 6,664 8,342 7,071 8,549
6 months 13,586 13,227 16,088 13,768 19,005
9 months 28,201 27,536 27,596 25,323 32,038
Full year 34,840 32,980 30,733 32,864 40,588

(million yen)

Net Income attributable to owners of parent

Consolidated Net Income
  3/2014 3/2015 3/2016 3/2017 3/2018
3 months 5,255 4,037 5,439 2,998 5,757
6 months 8,544 8,118 10,817 12,215 14,112
9 months 18,624 19,025 23,021 19,893 23,843
Full year 19,268 18,505 26,884 23,558 29,104

(million yen)

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