CALBEE, INC. Calbee
Report 2022
Calbee Group Integrated Report
OurValue
Corporate Message
Corporate Philosophy
We are committed to
harnessing nature's gifts, to bringing taste and fun, and to contributing to healthy life styles.
Group Vision
We must earn respect, admiration and love firstly of our customers, suppliers and distributors, secondly of our employees and their families, thirdly of the communities, and finally of our stockholders.
Harvest the power of nature. Create thefuture of food.
Turning nature's gifts into new value to deliver.
Calbee Group has collaborated with a wide range of stakeholders to build a value chain,
assuming the role of establishing connections between agricultural industries and customers.
Amid significant changes in peoples' values, ways of life, and the environment in which we live,
the value people seek from food is changing too.
At Calbee Group, we are working together with our stakeholders to create the new future of food.
Contents
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O | 1The Calbee Group's Goals | ||||
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04 Top Messages
- CEO's Message
- COO's Message
09 At a Glance
09 Calbee Group by the Numbers
10 A Growth Trajectory that Can Capture the Changing Times
11 Value Creation Process
12 Financial and Non-Financial Highlights
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O | 2Value Creation at the Calbee Group | ||||
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14 Value Creation Story - Creating the Future of Food 15 Story 1 Deepening Core Business in Japan 17 Story 2 Global Penetration of Brand Value
21 Story 3 Sweet Potato Business Utilizing Potato Expertise
23 Story 4 Creating New Value Centered on Customers' Issues
- Medium-TermBusiness Plan
- Financial Strategy
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Foundational Strategy
28 Promote DX (Digital Transformation)
29 Human Resource Development
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O | 3Sustainability | ||||
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31 Eight Material Issues (Materiality)
32 Assurance of Food Safety
33 Response to Health-Conscious and Diversifying Lifestyles
34 Progress of Sustainable Agriculture
36 Ensuring the Sustainability of Raw Materials and Logistics with Improved Efficiency
37 Caring for the Earth
41 Foster Deeper Connections with People, Local Societies, and Communities
42 Promote Active Roles for All Employees Based on Diversity
44 Priority Themes and Major Measures
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O | 4Corporate Governance | ||||
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46 Corporate Governance
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O | 5Data | ||||
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- History of the Calbee Group
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Financial Information
59 Overview by Business Segment
60 10-Year Summary
- Corporate Information
Calbee Report 2022
Editorial policy
Calbee Report, the Calbee Group's integrated report, has been published since the fiscal year ended March 31, 2018, with the intent of introducing stakeholders to the Group's corporate philosophy, management policies, and medium- to long-term value creation. For the fiscal year ended March 31, 2022, the Group has developed value creation stories aimed at achieving its 2030 vision, "Next Calbee-Harvest the power of nature. Creating the future of food." In addition, the Group also compiled detailed information on its eight material issues (materiality), priority themes that form the foundation for sustainable growth. We hope that this report will help stakeholders better understand the Calbee Group's activities to create corporate value.
Period covered | April 1, 2021, to March 31, 2022 (Information from |
outside this period is presented where appropriate) |
Organizational scope Calbee Group, comprising Calbee, Inc., and its consolidated subsidiaries
Issue date | October 2022 |
Guidelines used for reference
Ministry of Economy, Trade and Industry(METI):
Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Creation
International Integrated Reporting Counci(l IIRC): International Integrated Reporting Framework
Concerning descriptions regarding forward-looking statements
In addition to facts about the Calbee Group, this report also includes forward-looking statements based on information available to Calbee, Inc., at the time they were written. Various factors could cause actual results to differ materially from expectations.
Calbee Group website
Investor Relations https://www.calbee.co.jp/en/ir/
Sustainabilityhttps://www.calbee.co.jp/sustainability/en/
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SECTION1 The Calbee Group's Goals
Shuji Ito
President & CEO
Calbee Report 2022
Top Messages
CEO's Message
Facing changes in the business environment and addressing social issues toward being
a company that creates the future of food
Recognizing challenges and changes to the environment
2021 was a year in which we saw great changes to our business environment: the continuation of the COVID-19 pandemic, soaring raw materials and energy prices driven by the global geopolitical situation, logistical disruptions and shortages of raw materials due to climate change. The Calbee Group is founded on products created from natural ingredients, and the risk of price rises and shortages of food oils and raw materials had a particularly large impact on our business. Amid these backdrops, in the mid-term management plan from the fiscal year ended March 2020, consolidated net sales are on track as planned, mainly due to the growth of overseas business and entry into the sweet potato business. On the other hand, operating profit has fallen short. Under these circumstances, not only must we recover profit in response to cost increases but, as competition for resources intensifies, we must establish supply chains and food security systems that give due consideration to the environment and human rights, over the medium- to long-term. In addition, the pandemic has dramatically changed people's lifestyles, sense of value, and purchasing behaviors, creating a new normal. We believe it is a major challenge for us to respond the changes.
And yet, despite these big changes to the business environment, our four responsibilities to our customers remain the same: safety, quality, cost, and supply. While we work to ensure that this commitment is not forgotten within the company, we are implementing a number of short-,medium-, and long-term measures. First, we seek to strengthen our ability to offer a stable supply of products by diversifying raw material production locations and suppliers. We also plan to implement flexible price and content revisions in response to increases in raw material, and energy prices both within Japan and overseas.
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Disclaimer
Calbee Inc. published this content on 19 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 07:19:03 UTC.
