NISSIN FOODS GROUP

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Business Overview

During the nine-month period under review, concern over the future of the global economy spread amid growing uncertainty, such as the direction of the U.S.-China trade friction and BREXIT, although solid domestic demand drove the economy on a regional basis. Against the backdrop of the expansion in domestic demand, corporate earnings continued to remain on a recovery path and capital spending increased steadily in Europe and the U.S. In addition, reflecting favorable income conditions, consumer spending continued to recover and the economy there remained solid. Meanwhile, the economy in Asia was on a downward trend due to the continuing weakness of currencies in emerging countries, the effect of the interest-rate hike in the U.S., as well as the slowdown on imports and falling interest in investment in China attributable to its trade friction with the U.S.

In Japan, a sense of uncertainty about the future was spreading due to growing concerns about the uncertainty of the global economy, despite continued improvements in employment and income conditions, in addition to increasing capital investments reflecting firm corporate earnings.

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
  3/2015 3/2016 3/2017 3/2018 3/2019
3 months 98,396 104,936 115,481 119,045
(101,337)*
103,399
6 months 201,974 217,942 235,844 247,317
(210,601)*
214,662
9 months 323,949 347,536 369,838 386,743
(329,827)*
336,759
Full year 431,575 468,084 495,715 516,400

(million yen)

*Calculated by IFRS base

Operating Profit

Operating Profit
  3/2015 3/2016 3/2017 3/2018 3/2019
3 months 5,050 5,603 6,824 7,121
(8,856)*
12,833
6 months 9,403 12,398 11,735 15,340
(18,721)*
22,537
9 months 20,164 22,267 21,718 26,897
(35,946)*
34,772
Full year 24,300 26,399 28,618 34,112

(million yen)

*Calculated by IFRS base

Profit attributable to owners of parent

Profit attributable to owners of parent
  3/2015 3/2016 3/2017 3/2018 3/2019
3 months 4,037 5,439 2,998 5,757
(6,353)*
8,271
6 months 8,118 10,817 12,215 14,112
(14,538)*
15,150
9 months 19,025 23,021 19,893 23,843
(29,039)*
24,708
Full year 18,505 26,884 23,558 29,104

(million yen)

*Calculated by IFRS base

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