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Consolidated Financial Results for the 2nd Quarter of the Year Ending March, 2022 (PDF: 478KB/15p)
November 29, 2021 at 03:00 am EST
Consolidated Financial Results
for the 2nd Quarter of the Year Ending March, 2022
November 19, 2021
Copyright ©2021 Maruha Nichiro Corporation
1. Progress toward the Full-year Forecast for the FY ending March 31, 2022
Net Sales: 50%, Operating Income 63%, Ordinary Income 66%
Overall steady progress in line with the full-year forecast.
(Billion Yen)
September 2021
Full-Year
Progress
Forecast
Net Sales
412.2
820.0
50%
Operating
12.5
20.0
63%
Income
Ordinary Income
13.9
21.0
66%
Copyright ©2021 Maruha Nichiro Corporation
2
2. Progress vs. Forecast by Business Segments
(JPY in Billions)
Net Sales
Operating Income
Segment
Sep/21
Full year
2Q/FYf
Sep/21
Full year
2Q/FYf
Forecast
Forecast
Marine Products Business
250.6
499.1
50%
6.1
8.3
73%
Processed Foods Business
147.5
292.2
50%
4.8
9.4
51%
Logistics
7.4
16.5
45%
0.6
1.8
33%
Others
6.7
12.2
55%
0.7
0.5
140%
Common Cost
0.0
-
-
0.3
0.0
-
Total
412.2
820.0
50%
12.5
20.0
63%
Copyright ©2021 Maruha Nichiro Corporation
3
3-1.Business Outlook
Fishery Business Unit
(JPY in Billions)
Net Sales
Segment
Unit
(After applying revenue
Operating Income
recognition)
Sep/21
Full year
2Q/FYf
Sep/21
Full year
2Q/FYf
Forecast
Forecast
Marine Products
Fishery Business
13.4
29.0
46%
-0.6
1.1
-
Business
Current Situation
Patagonian Toothfish
・ Fish prices in overseas markets, mainly in the U.S., rapidly recovering to pre-COVID levels
Overseas purse seine business (Skipjack Tuna)
・ Suspended operations of 2 unprofitable fishing vessels (out of a total of 5 vessels) at the beginning of this FY
Business Outlook
Patagonian Toothfish
Sales and op. income to recover
Overseas purse seine business (Skipjack Tuna)
Market and price pick-up is expected
Copyright ©2021 Maruha Nichiro Corporation
4
3-2.Business Outlook
Aquaculture Business Unit
(JPY in Billions)
Net Sales
Segment
Unit
(After applying revenue
Operating Income
recognition)
Sep/21
Full year
2Q/FYf
Sep/21
Full year
2Q/FYf
Forecast
Forecast
Marine Products
Aquaculture Business
6.8
13.3
51%
-0.4
-1.4
-
Business
Copyright ©2021 Maruha Nichiro Corporation
Business Outlook/Measures
Current Situation
• Joint research with the Fisheries
• High costs raising egg-to-harvest
Research and Education Agency(FRA)
bluefin tuna
Developing new technologies of
breeding egg-to-harvest bluefin tuna
Overall farmed fish (esp. Yellowtail)
Inventory ↓, Market price ↑
• Institutional Japanese food & sushi
businesses expected to recover
(from COVID-19 pandemic)
↓
• Further enhancement of sales of
bluefin tuna and greater amberjack
5
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Maruha Nichiro Corp. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 29 November 2021 07:59:07 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
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Maruha Nichiro Corporation is a Japan-based company principally engaged in the fishing, aquaculture, food manufacture, processing and sale business. The Company operates in five business segments. Fishery & Aquaculture segment is involved in fishery business, aquaculture business and the procurement of fishery resources. Trading segment is involved in the procurement and sale of marine products and livestock products. Overseas segment is involved in the sale of marine products and processed foods, as well as the producing and sale of surimi. Processing segment is involved in the manufacture and sale of frozen foods, canned foods, fish sausages, chikuwa, desserts, seasonings, freeze-dried products, and chemical products. Logistics segment stores and transports frozen products. The Company is also involved in the feed storage, shipping, real estate business, as well as the manufacture and sale of furs and pet foods.
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