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.