NISSIN FOODS GROUP

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Segment Results (for the Six Months Ended September 30, 2017)

The Nissin Foods Group aspires to create and develop market-leading brands in our chosen food product categories for markets around the world.

JAPAN

Nissin Food Products

The sales of Nissin Food Products Co., Ltd. increased year on year with a rise in sales of cup-type noodles and instant rice products, despite the effects of the weak market for bag-type noodle products.

In cup-type noodles, sales of the CUP NOODLE series remained steady, including CUP NOODLE NICE, a new product line featuring a rich soup that was launched recently, distinguished by 50% less fat, 40% less carbohydrates, and only 178 kilocalories. In the category of instant rice products, sales of CURRY MESHI also remained strong. This is a new type of instant curry rice that was renewed in August 2016 as a product that needs only hot water to cook it. In addition, newly launched CUP NOODLE BUKKOMI MESHI and CHICKEN RAMEN BUKKOMI MESHI also contributed to the sales growth in this category during the six months under review.

Myojo Foods

Looking at the sales of Myojo Foods Co., Ltd., the Myojo Charumera series of bag-type noodles kept growing in terms of sales. In cup-type noodles, however, sales of the Myojo Ippeichan Yomise-no-Yakisoba series decreased year on year because the company refrained from launching new products, although sales of the Myojo Bubuka series and the Myojo Charumera Cup series were strong. As a result, sales of instant noodles as a whole declined slightly year on year. Operating income increased year on year, reflecting improvements in productivity, the CoGS ratio and the sales expense ratio.

Chilled and frozen foods

At Nissin Chilled Foods Co., Ltd., sales remained steady thanks to the strong performance of Gyoretsu-no-Dekiru-Mise-no-Ramen, a core brand of ramen products. However, demand for chilled noodles remains sluggish. In addition, the market environment has become increasingly challenging. As a result, sales of Nissin Chilled Foods Co., Ltd. fell on a year-on-year basis.

Nissin Frozen Foods Co., Ltd. saw increased sales mainly led by pasta and ramen products with precooked ingredients. In the pasta products, the Reito NISSIN Mochitto Nama Pasta series, featured by sticky texture, including Creamy Bolognese with minced beef and maitake mushroom continued to show strong sales. As for ramen products with precooked ingredients, products such as Reito NISSIN Chuka Shirunashi Tan Tan Men and Reito NISSIN GooTa Lajao Tan Tan Men showed strong sales.

OVERSEAS

The Americas

The Group aimed to become less susceptible to the effects of price competition. It is working to introduce high value-added products in line with market needs and to secure sales and profits from existing brands. For these purposes, we had CUP NOODLES renewed and introduced in both the U.S. and Brazil in September 2016. Thanks to these initiatives, overall segment sales for the Americas grew.

China

In China, the instant noodle market has bottomed out in mainland China, and the market for high-end products is expanding. In this environment, the Group is working to increase its geographical sales area in mainland China (the north, northeast, and southwest areas) as well as to strengthen the brand of Hap Mei Do , its CUP NOODLE brand in China. The China business segment achieved sales growth reflecting a contribution from MC Marketing & Sales (Hong Kong) Limited, which became a consolidated subsidiary in the fourth quarter of the previous fiscal year. Operating income declined slightly year on year, mainly due to an increase in depreciation associated with the operation of new plants.

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