Business Performance Presentation for the Six-Month Period Ended September 30, 2021
November 09, 2021 at 04:13 am EST
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Kikkoman Corporation
Business Performance Presentation
for the Six-Month Period Ended September 30, 2021
November 5, 2021
Today's Agenda
Performance Overview
Noriaki Horikiri
Chairman and CEO
Performance in the Six Months Ended September 30, 2021 and Forecast for Fiscal 2022
Takao Kamiyama Director, Executive Corporate Officer and CFO
1
Performance Overview
Noriaki Horikiri
Chairman and CEO
Initiatives and Performance
in the Six Months Ended September 30, 2021
Initiatives to deal with key objectives for fiscal 2022
1. Responding to the
2. Increasing Profitability
3. Carrying out thorough
New Normal
and Maintaining Growth
Risk Management
Demand for foodservice-use products recovered significantly overseas as economic activities resumed. In the home-use products market, the Group created demand amid the COVID-19 pandemic. The Group strove to supply products, using its capabilities, and achieved growth in sales and an improvement in profitability.
In Japan, restrictions due to COVID-19 continued, and recovery of demand for foodservice-use products did not progress. Meanwhile, opportunities for cooking at home increased. In response to that, the Group promoted the value of its products such as ease and health, and enhanced its recipe proposals.
Consolidated results in the first half
1st half
YoY change
YoY change
actual
(%)
(amount)
Revenue
248.7 bn yen
116.8%
+35.8 bn yen
Business Profit
27.6 bn yen
125.9%
+5.7 bn yen
Profit for the period attributable to
owners of the Parent
21.4 bn yen
131.3%
+5.1 bn yen
3
Initiatives for the Second Half and Forecast in Full Year
Initiatives in the second half
Continue to strive to stabilize demand for home-use products overseas, particularly in North America and Europe, and seek deeper penetration and strengthening of the Kikkoman brand.
Demand for foodservice-use products is expected to recover as restrictions due to COVID-19 are relaxed in Japan. In response, the Group will make proposals to solve customers' issues.
Impacts of rising prices of raw materials in Japan and overseas, and disruption of supply chains are expected. The Group will strive to increase productivity and ensure profitability.
◼ Forecast for Fiscal 2022
Full-year
YoY change
YoY change
forecast
(%)
(amount)
Revenue
493.8 bn yen
112.4%
+54.4 bn yen
Business Profit
49.7 bn yen
116.5%
+7.0 bn yen
Profit for the year attributable to
owners of the Parent
36.4 bn yen
116.8%
+5.2 bn yen
4
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Disclaimer
Kikkoman Corporation published this content on 07 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 09:12:03 UTC.
Kikkoman Corporation is a holding company organized around 4 areas of activity:
- wholesale distribution of food products (50.7% of net sales): activity ensured internationally;
- sale of food products in Japan (28.2%): ketchup, soya sauce, soya milk, tomato juice, wines, seasonings, etc. (brand Del Monte);
- sale of food products internationally (19.5%): tinned fruits, ketchup, soya sauce, tinned maize, dietetic products, etc. (brand Del Monte);
- other (1.6%): manufacturing of clinical diagnosis reagents, enzymes and chemical products, real estate leasing, logistic services, etc.
70.2% of sales are abroad.
KIKKOMAN CORPORATION 
