Financial Results for FY 3/2021
Announced on May 11, 2021
NISSIN FOODS HOLDINGS CO., LTD.
(Stock Code: 2897)
Financial Results Presentation: May 12, 2021
FY 3/2021 Financial Results and
Mid-Term Business Plan 2021 Review
1
FY 3/2021 Financial Results Highlights
The results of steady implementation of strategy, combined with the impact of COVID-19 and M&A (making KOIKE-YA a consolidated subsidiary) led to performance that outpaced the initial forecast significantly
bil. Yen | FY 3/2021 | FY 3/2020 | FY 3/2021 | ||||||||
Results | YoY Change | Vs. Initial Forecast | Vs. Revised Forecast | Results | Initial Forecast Revised Forecast | ||||||
Revenue | 506.1 | + 37.2 | + 7.9% | + 20.1 | + 4.1% | + 6.1 | + 1.2% | 468.9 | 486.0 | 500.0 | |
Operating profit | 55.5 | + 14.3 | + 34.6% | + 12.0 | + 27.7% | + 2.5 | + 4.8% | 41.3 | 43.5 | 53.0 | |
Profit attributable to | 40.8 | + 11.5 | + 39.3% | + 10.3 | + 33.9% | + 3.3 | + 8.9% | 29.3 | 30.5 | 37.5 | |
owners of the parent | |||||||||||
OP margin | 11.0% | + 2.2pt | - | + 2.0pt | - | + 0.4pt | - | 8.8% | 9.0% | 10.6% | |
Profit attributable to owners of | 8.1% | + 1.8pt | - | + 1.8pt | - | + 0.6pt | - | 6.3% | 6.3% | 7.5% | |
the parent margin | |||||||||||
ROE | 11.5% | + 2.5pt | - | + 2.5pt | - | - | - | 9.0% | 9.0% | - | |
EPS (Yen) | 392 | + 110 | + 39.3% | + 99 | + 33.9% | + 32 | + 8.9% | 281 | 293 | 360 | |
Adjusted EPS (Yen)* | 329 | + 51 | + 18.3% | + 48 | + 17.0% | - | - | 278 | 281 | - |
* Adjusted EPS = (Operating profit ± Other income & expenses - Income tax expense - Profit attributable to non-controlling interests) / Average number of shares outstanding during the period (excluding | 2 |
treasury shares) | |
Revenue Results by Segment
Sales increased in almost all segments, led by high double-digit growth overseas. Consolidated sales reached the 500 billion yen level for the first time since the adoption of IFRS
FY 3/2021 | FY 3/2020 | FY 3/2021 | ||||||||||
bil. Yen | Results | YoY Change | For Ex | Business | Vs. Initial Forecast | For Ex | Business | Results | Initial | |||
Differences | Differences | Differences | Differences | Forecast | ||||||||
NISSIN FOOD PRODUCTS | 205.6 | + 4.3 | + 2.1% | (0.4) | (0.2%) | 201.3 | 206.0 | |||||
MYOJO FOODS | 37.6 | + 1.0 | + 2.8% | + 1.0 | + 2.8% | 36.5 | 36.5 | |||||
Instant noodles | 243.2 | + 5.3 | + 2.2% | + 0.6 | + 0.3% | 237.8 | 242.5 | |||||
Chilled and frozen foods | 61.9 | + 4.6 | + 8.0% | + 2.4 | + 4.0% | 57.3 | 59.5 | |||||
Confectionery and beverages | 56.9 | + 15.0 | + 35.7% | + 12.4 | + 27.9% | 41.9 | 44.5 | |||||
Domestic others | 3.3 | (0.8) | (18.6%) | (0.1) | (3.4%) | 4.1 | 3.5 | |||||
Domestic total | 365.3 | + 24.1 | + 7.1% | + 15.3 | + 4.4% | 341.2 | 350.0 | |||||
The Americas | 70.9 | + 5.0 | + 7.5% | (10.0) | + 14.9 | + 2.9 | + 4.2% | (8.8) | + 11.7 | 65.9 | 68.0 | |
China (incl. H.K.) | 48.2 | + 5.1 | + 11.8% | (0.2) | + 5.3 | + 1.2 | + 2.5% | (0.3) | + 1.4 | 43.1 | 47.0 | |
Asia | 12.7 | + 1.4 | + 12.5% | (0.6) | + 2.0 | (0.8) | (6.3%) | (0.7) | (0.1) | 11.3 | 13.5 | |
EMEA | 9.1 | + 1.7 | + 22.5% | + 0.2 | + 1.5 | + 1.6 | + 21.3% | + 0.2 | + 1.4 | 7.4 | 7.5 | |
Overseas total | 140.8 | + 13.1 | + 10.3% | (10.5) | + 23.6 | + 4.8 | + 3.5% | (9.6) | + 14.4 | 127.7 | 136.0 | |
Domestic and Overseas total | 506.1 | + 37.2 | + 7.9% | (10.5) | + 47.7 | + 20.1 | + 4.1% | (9.6) | + 29.7 | 468.9 | 486.0 | |
Other reconciliations | ||||||||||||
Group expenses | ||||||||||||
Consolidated | 506.1 | + 37.2 | + 7.9% | (10.5) | + 47.7 | + 20.1 | + 4.1% | (9.6) | + 29.7 | 468.9 | 486.0 | |
* Results and initial forecast in China (including H.K.) are based on the consolidation policy of NISSIN FOODS HOLDINGS. Disclosure may differ from that of NISSIN FOODS CO., LTD. (located in H.K.) | 3 |
Operating Profit Results by Segment
Except for the Americas, which was significantly affected by foreign exchange rates, all regions achieved significant increases in operating profit, exceeding the initial forecast. Consolidated operating profit exceeded the initial forecast by 12 billion yen, partly due to the impact relating to business combination (KOIKE-YA)
FY 3/2021 | FY 3/2020 | FY 3/2021 | ||||||||||
bil. Yen | Results | YoY Change | For Ex | Business | Vs. Initial Forecast | For Ex | Business | Results | Initial | |||
Differences | Differences | Differences | Differences | Forecast | ||||||||
NISSIN FOOD PRODUCTS | 32.2 | + 4.6 | + 16.8% | + 4.2 | + 15.0% | 27.6 | 28.0 | |||||
MYOJO FOODS | 3.2 | + 1.0 | + 45.2% | + 1.0 | + 44.7% | 2.2 | 2.2 | |||||
Instant noodles | 35.4 | + 5.6 | + 18.9% | + 5.2 | + 17.2% | 29.8 | 30.2 | |||||
Chilled and frozen foods | 2.9 | + 1.5 | + 104.9% | + 1.2 | + 70.0% | 1.4 | 1.7 | |||||
Confectionery and beverages | 3.3 | + 1.1 | + 52.2% | + 0.9 | + 39.1% | 2.2 | 2.4 | |||||
Domestic others | 0.0 | (0.9) | (97.7%) | (1.1) | (98.1%) | 1.0 | 1.2 | |||||
Domestic total | 41.6 | + 7.3 | + 21.3% | + 6.2 | + 17.4% | 34.3 | 35.5 | |||||
The Americas | 4.0 | (0.0) | (0.8%) | (0.9) | + 0.9 | (0.3) | (5.9%) | (0.9) | + 0.6 | 4.1 | 4.3 | |
China (incl. H.K.) | 5.8 | + 0.9 | + 18.4% | (0.0) | + 0.9 | + 0.9 | + 17.6% | (0.0) | + 0.9 | 4.9 | 4.9 | |
Asia | 4.1 | + 1.7 | + 69.8% | (0.0) | + 1.7 | + 0.7 | + 19.8% | + 0.0 | + 0.7 | 2.4 | 3.4 | |
EMEA | 1.9 | + 0.8 | + 73.9% | (0.2) | + 1.0 | + 0.5 | + 33.1% | (0.1) | + 0.6 | 1.1 | 1.4 | |
Overseas total | 15.7 | + 3.3 | + 26.8% | (1.2) | + 4.5 | + 1.7 | + 12.5% | (1.0) | + 2.8 | 12.4 | 14.0 | |
Domestic and Overseas total | 57.4 | + 10.6 | + 22.8% | (1.2) | + 11.8 | + 7.9 | + 16.0% | (1.0) | + 8.9 | 46.7 | 49.5 | |
Other reconciliations | 4.0 | + 4.1 | - | + 4.0 | - | (0.1) | (0.1) | |||||
Group expenses | (5.8) | (0.5) | - | + 0.1 | - | (5.4) | (5.9) | |||||
Consolidated | 55.5 | + 14.3 | + 34.6% | (1.2) | + 15.4 | + 12.0 | + 27.7% | (1.0) | + 13.0 | 41.3 | 43.5 | |
* Results and initial forecast in China (including H.K.) are based on the consolidation policy of NISSIN FOODS HOLDINGS. Disclosure may differ from that of NISSIN FOODS CO., LTD. (located in H.K.) | 4 |
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Nissin Foods Holdings Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:13:06 UTC.