NISSIN FOODS GROUP

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Business Overview

During the three months under review, the global economy generally remained firm, as the driving force of domestic demand increased in each geographical area, although political and policy uncertainty grew, including increasing protectionism in the United States and political risks in Europe. In Western countries, capital expenditure remained solid owing to the strength of fiscal policy and improved corporate earnings. Consumer spending continued to recover with favorable income conditions, and moderate economic growth continued. In Asia, economies continued to expand thanks to the contribution of higher consumer spending linked to rising income levels in emerging countries, although the downward risk of the economy derived from trade friction between China and the United State was a concern.

In Japan, the economy continued to recover, reflecting further improvements in employment and income conditions, in addition to stable 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, 5) Developing and strengthening human resources for global management.

Consolidated Revenue

Consolidated Sales
  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
9 months 323,949 347,536 369,838 386,743
Full year 431,575 468,084 495,715 516,400

(million yen)

Consolidated Operating Profit

Consolidated 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
9 months 20,164 22,267 21,718 26,897
Full year 24,300 26,399 28,618 34,112

(million yen)

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
9 months 19,025 23,021 19,893 23,843
Full year 18,505 26,884 23,558 29,104

(million yen)

  • *Based on IFRS
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