Nippon Suisan Kaisha : Supplemental Documents(1.92MB）

Supplemental Documents for the 2nd Quarter of FY2022

Nippon Suisan Kaisha, Ltd.,	2nd November 2022

Overview of the 2nd Quarter of FY2022

Overview of the 2nd Quarter of FY2022

• Although sales increased because of the favorable seafood market conditions, a price increase in the Food business, and ｙen depreciation, operating income decreased slightly. The plan is progressing steadily.
• Profit attributable to owners of parent increased because of the sale of shares of Nissui Pharmaceutical Co., Ltd. The interim dividend increased by 2 yen.
• The consumption of Marine Products continued to be strong from the 1st quarter, and fish prices were blessed, resulting in increased sales and profits.
• Sales of Food products increased, but profit significantly decreased due to cost increases.

(Unit: 100 million JPY) 2Q of FY2021 2Q of FY2022	Y-o-Y
	(%)

Net Sales	3,396	3,772	375	11.1
Operating Profit	138	133	(5)	(3.8)
Ordinary Profit	161	147	(14)	(8.9)
to owners of parent 114	117	3	3.0
Profit attributable

Progress

Annual Plan for Rate

FY2022

(%)

7,200 52.4

225 59.3

255 57.7

180 65.3

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Overview of the 2nd Quarter of FY2022 by Segment

Including the impact of foreign exchange rates, sales of marine products and food products increased significantly.

	2Q of	2Q of	Y-on-Y
(Unit: 100 million JPY)	FY2021	FY2022
			(Amount)		(%)
Net Sales	3,396	3,772	375		11.1
Marine Products	1,356	1,574	218		16.1
Food Products	1,661	1,873	212		12.8
Fine Chemicals	162	171	9		5.6
General Distribution	79	80	0		0.6
Others	136	72	(64)		(47.3)
Operating Profit	138	133	(5)		(3.8)
Marine Products	50	82	31		61.4
Food Products	94	69	(25)		(26.5)
Fine Chemicals	17	18	0		4.7
General Distribution	10	8	(1)		(14.7)
Others	4	4	(0)		(5.5)
Common Costs	(38)	(49)	(10)		27.5
Ordinary Profit	161	147	(14)		(8.9)
Profit attributable to owners of parent	114	117	3		3.0

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Main factors for increase/decrease in operating profit (Y-on-Y)

• Operating profit increased because of the favorable consumption of Marine products and good seafood market conditions. It helps the struggling Food business.
• Common costs increased due to investment for corporate brand penetration.

Marine Products Marine Products	Marine Products Food Products Fine Chemicals Common costs	consolidation
Fishery &	Aquaculture in	Processing	adjustments
Aquaculture
South America	/Trading
（Except for South	(including adjustment
American Aquaculture）	of unrealized profit)

(Unit: 100 million JPY)

Overseas 9

Overseas(6)

Japan11

Operating profit

Japan (18)

of the

Despite

Sales are strong

Although

Despite

Costs

aquaculture

both in Japan

we raised

production

increased

businesses in

increased

and overseas

prices in

troubles,

for TV

Japan went well

costs due to

due to

Japan and

exports of

commercial

because selling

the outbreak

increased

overseas,

pharmaceutic

fees for

prices remained

of fish

demand for

we could

al raw

corporate

steady, covering

diseases,

marine products

not keep

materials to

brand

the damage of

selling prices

and rising

up with

the United

penetration

tuna farming

remained

prices. Profit

the rapid

States and

inside and

caused by the

steady.

improved in

increase

good sales of

outside and

red tide.

Therefore,

North America

in the cost

PCR test

for system

The profit from

the operating

due to

of raw

reagents led

costs.

Fisheries in

profit was

depreciation

materials.

to the same

Japan also

almost the

and corona

As a result,

level of

increased

same as the

countermeasure

operating

profits as the

because of the

previous year.

costs decrease.

profit

previous year

strong catches.

decreased.

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