NISSIN FOODS GROUP

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BUSINESS ACTIVITIES

FY 3/2022 Results by Business Segment

Domestic Instant Noodles Business

NISSIN FOOD PRODUCTS

(vs. Previous Year)

Revenue ¥210.8 billion +3％
Core Operating Profit ¥30.6 billion -4％
Operating Profit ¥30.8 billion -4％
  • ・CUP NOODLES PRO series and CUP NOODLE KARAMEN continued to show strong performance in the cup-type instant noodles category. CUP NOODLE SUPER GATTAI series, which existing flavors are combined to commemorate the 50th anniversary of CUP NOODLE, also contributed to sales. SAIKYO DONBEI, introduced in March 2022 as a product in which all ingredients play a starring role, contributed to sales as well.
  • ・Sales of NISSIN RAOH series increased, but sales of bag-type instant noodles decreased overall.
  • ・Sales of the NISSIN CURRY MESHI series drove cup-type instant rice sales higher.
  • ・Profit decreased due to higher depreciation expenses accompanying facilities upgrades, higher raw material prices, etc.

MYOJO FOODS

(vs. Previous Year)

Revenue ¥37.9 billion +1％
Core Operating Profit ¥2.4 billion -23％
Operating Profit ¥2.4 billion -23％
Revenue
  • ・Sales of MIYAZAKI KARAMEN, MOYASHI GA CHOZETSU UMAI MAZESOBA, MYOJO MEGAMI and MYOJO CHARUMERA brand contributed to sales of bag-type instant noodles.
  • ・Sales of SU RA TAN MEN in the MYOJO CHUKA ZANMAI brand and sales of MYOJO IPPEICHAN YOMISE NO YAKISOBA were firm.MYOJO KOIZE! IPPEICHAN BIG also contributed to performance.
  • ・Profit decreased due to higher raw material prices and an increase in depreciation and amortization expenses.

Chilled/Frozen Foods and Beverage Business

(vs. Previous Year)

Revenue ¥80.9 billion +4％
Core Operating Profit ¥3.3 billion -4％
Operating Profit ¥3.4 billion -5％
Chilled Foods Business
  • ・Sales of GYORETSU NO DEKIRU MISE NO RAMEN, MAZEMEN NO TATSUJIN, and YUMEITEN series of ramen noodles remained firm.
Frozen Foods Business
  • ・Sales of REITO NISSIN CHUKA SHIRU NASHI TANTAN MEN OHMORI, REITO NISSIN HONMEN, REITO NISSIN MAZEMENTEI, and REITO NISSIN MOCHITTO NAMA PASTA series all performed well.
  • ・Profit decreased due to higher cost of sales ratios
Beverage Business
  • ・We launched PILKUL 400 to strong sales. In this new product, we increased the number of lactic acid bacteria from 15 billion to 40 billion.
  • ・ Sales decreased due a negative rebound in the wake of high previous-year demand during the COVID-19 pandemic, as well as sluggish sales at CVS (convenience stores) during COVID-19.
  • ・Profit decreased due to a negative rebound in the wake of high previous-year demand during the COVID-19 pandemic, as well as an increase in advertising expenses, etc.

Confectionery Business

(vs. Previous Year)

Revenue ¥69.0 billion +68％
Core Operating Profit ¥3.2 billion +23％
Operating Profit ¥3.3 billion +25％
  • ・Reflects 12-month operating results for the current fiscal year (4 months in the prior period) due to the consolidation of KOIKE-YA as of December 2020.
  • ・Despite a negative rebound following higher demand in the wake of the declaration of the state of emergency, sales of the GOROGURA series remained strong.
  • ・Sales NISSIN CISCO HOT CEREAL, a new category, grew steadily, while mainstay products such as the KAISEN AGESEN series also performed well.
  • ・We launched the KOIKE-YA The series, a product commemorating the 60th anniversary, as part of our high-value-added business.

Overseas Business

The Americas

(vs. Previous Year)

Revenue ¥87.3 billion +23％
Core Operating Profit ¥2.9 billion -27％
Operating Profit ¥3.0 billion -26％
  • ・In Brazil, demand for in-home dining increased due to the impact of the spread of COVID-19. We used aggressive sales and marketing measures to capture more customers and depth in the market.
  • ・Sales of mainstay products Nissin Lamen and CUP NOODLES continued to perform well.
  • ・In the U.S., sales of clearly differentiated, higher-priced products remained strong.
  • ・Profit decreased, mainly due to ongoing high costs of key raw materials, distribution, and labor.

China (Including Hong Kong)

(vs. Previous Year)

Revenue ¥55.5 billion +15％
Core Operating Profit ¥6.1 billion +11％
Operating Profit ¥6.0 billion +5％
  • ・Expanded sales area and strengthened Chinese version of the CUP NOODLES brand in response to the growth of the high-value-added products market.
  • ・Sales increased due to higher sales volume of the CUP NOODLES brand lineup in mainland China, higher demand due to the reemergence of COVID-19 infections in Hong Kong, and the impact of foreign currency translation due to the appreciation of the local currency against the Japanese yen.
  • ・Profit increased due to the increase in sales volume, which absorbed raw materials costs in mainland China.

Asia

(vs. Previous Year)

Revenue ¥14.8 billion +17％
Core Operating Profit ¥4.1 billion +2％
Operating Profit ¥3.5 billion -13％
  • ・Sales increased across all regions
  • ・The increase was mainly due to higher sales in Thailand, India, and Singapore, which absorbed raw material costs.

EMEA

(vs. Previous Year)

Revenue ¥11.4 billion +25％
Core Operating Profit ¥0.4 billion -77％
Operating Profit ¥0.5 billion -72％
  • ・CUP NOODLES, Soba, and Demae Ramen brands performed well.
  • ・The year-on-year decrease was mainly due to higher raw materials prices and lower profits at equity-method affiliates
VALUE REPORT 2022
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