Sales increased because of the favorable seafood market conditions, food products marks up, and yen depreciation, in addition to sales expansion. 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.
Progress
(Unit: 100 million JPY) 2Q of FY2021 2Q of FY2022
Y-o-Y
Annual Plan for
Rate
FY2022
(%)
(%)
(Unit: yen)
Net Sales
3,396
3,772
375
11.1
7,200
52.4
Operating Profit
138
133
(5)
(3.8)
225
59.3
Ordinary Profit
161
147
(14)
(8.9)
255
57.7
to owners of parent 114
117
3
3.0
180
65.3
Profit attributable
4
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
5
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Nippon Suisan Kaisha Ltd. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 08:13:03 UTC.
Nissui Corporation (formerly Nippon Suisan Kaisha, Ltd.) is one of the Japanese largest food processing groups. Net sales break down as follows:
- manufacturing and sale of food products (48.9%): primarily frozen products and canned products;
- processing and sale of sea products (42%);
- manufacturing and sale of fine chemical products (3.9%): pharmaceutical raw materials, functional raw materials, functional foods, pharmaceutical products and clinical diagnostic products;
- transportation, cold storage and warehousing services (2.4%);
- other (2.8%): primarily construction, operating and repair of vessels.
Net sales are distributed geographically as follows: Japan (64.3%), North America (16.2%), Europe (15.9%) and other (3.6%).
NISSUI CORPORATION 
