Financial Results for FY 3/2022 2Q
Announced on November 5, 2021
NISSIN FOODS HOLDINGS CO., LTD.
(TSE Stock Code: 2897)
Financial Results Presentation: November 8, 2021
Today's content
I. | FY 3/2022 2Q Financial Results | ……………… P2 |
Takashi Yano, CFO | ||
II. | Current Year Initiatives to Achieve Our | ..…………… P10 |
Mid- to Long-Term Growth Strategy
Koki Ando, Representative Director, President and CEO
Noritaka Ando, COO and Executive Vice President,
and President & Representative Director of NISSIN FOOD PRODUCTS CO., LTD.
Appendix | ||
I. | FY 3/2022 2Q: Analysis of Core OP of Existing Businesses | …… P19 |
II. | FY 3/2022: Analysis of Core OP Forecasts of Existing Businesses | …P21-22 |
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FY 3/2022 2Q Financial Results
2
Management Policy for FY 3/2022
Reboot and Make a Fresh Start
In the first year of our new management plan, we will sprint ahead with three growth strategies, as well as organizational and human resource reforms
Domestic Existing Businesses | Overseas Existing Businesses | New Businesses | ||
- Instant Noodles Business: Reform our supply chain structure, create new categories and channels, and transition to a new sales approach
- Non-InstantNoodles Business: Accelerate group synergies in both supply and demand (mainly in the confectionery business) to build a foundation for growth and improved profitability
- Accelerate deeper global branding, which has already begun to produce results. Further solidify competitive advantage as a growth driver
- Pursue steady progress in multi-category and multi-area strategies to leverage business in China and Brazil
- Launch businesses with a sense of urgency to gain recognition towards wider acceptance of complete nutritional foods
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Launch businesses across five touch points and conduct proof-of-concept tests during FY 3/2022: (1) subscription home delivery service (DC2: intensive program),
(2) corporate cafeterias, (3) seniors, (4) retail sales, and (5) smart cities
Group Overall
- Leverage the lessons of COVID-19 to transition both work styles and business structures to a new normal through the maximum use of digital technologies
- Respond accurately to consumer behavior and awareness to turn increased demand under the COVID-19 pandemic into sustainable growth drivers
* China (including H.K.) strategy and related targets, financial results forecasts are established independently by NISSIN FOODS HOLDINGS | 3 |
FY 3/2022 2Q Financial Results Highlights
FY 3/2022 2Q Results
Revenue
Core Operating Profit of
Existing Businesses
Domestic Instant Noodles Business
Domestic Non-Instant Noodles Business
Overseas Business
Summary
Institutional accounting | Management accounting | Target level | |||||
basis | basis*1,*2 | for FY 3/2022 | |||||
275.0 | Bil. yen | +14.1% | 270.5 | Bil. yen | +18.1% | Double Digit | |
27.1 | Bil. yen | (14.8%) | 26.7 | Bil. yen | + 12.8% | Double Digit | |
(9.9%) | + 25.4% | Mid-single Digit | |||||
+4.7% | + 31.0% | Double Digit | |||||
(32.7%) | (21.3%) | Double Digit | |||||
(Institutional accounting basis)
- Revenue: Increased in all three businesses, even before deducting the impact of COVID-19
- Core Operating Profit of Existing Businesses: Decreased in YoY due to the effect of COVID-19 despite steady growth compared to FY 3/2020 2Q*3
(Management accounting basis) Steady progress toward Make a Fresh Start
- Revenue: Increased in all three businesses and grew by 18.1% on a consolidated basis
- Core Operating Profit of Existing Businesses: The growth rate of 12.8% on a consolidated basis YoY, exceeding the medium-tolong-term target
*1 | Growth rates are calculated by converting foreign currency amounts into yen at the same rate as the previous year, in order to emphasize real fluctuation / growth on a local currency basis excluding effect of exchange rate at the | |
time of consolidation. | ||
*2 | Actual YoY change / growth rate excluding the impact of foreign exchange rates and the impact of COVID-19, which had a significant impact on FY 3/2021 results (i.e. increase in demand, reduction in selling expenses, unused | 4 |
*3 | expenses, etc.). | |
Core operating profit of existing businesses vs. FY 3/2020 +7.7 Bil. yen (39.6%) |
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Nissin Foods Holdings Co. Ltd. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 04:21:25 UTC.