・Low consumer spending affected by avoidance of outing from an impact
Beverages
Decreased
of COVID-19
・Slumping demand at workplaces mainly in Metropolitan area
・Sluggish sales for restaurant use and vending machines continued
・Potato Snacks - Bagged products were robust but seasonal limited
products and tub-type package products had hard time
Snacks
Decreased
・Corn Snacks - New product sales decreased and existing products also
had hard time
・Flour Products - Sales at supermarkets and drug stores were strong
・Recovery trend of chocolate bars peaked out
・For high cacao contents and health-promoting chocolates, small bagged
Chocolate
Decreased
and personal products were slow
・Chocolate confections, mainly multi pack products, sales grew
・Event needs, such as Valentine's Day, Christmas and Halloween, were
slow due to impact of COVID-19
・Restaurant use products had hard time but commercial products were
Frozen Dessert
Increased
strong
・Treat size products were still robust due to impact of avoidance of outing
・New products contributed
・Package-type instant noodles performed well from heightened trend of
eating at home
Instant Noodles
Decreased
・Bowl-type instant noodles experienced CVS demand decrease and
rebound decrease from previous year's booming demands (demand
increase associated with typhoon and COVID-19)
Data Source: Nikkan Keizai Tsushin Co., Ltd.
3
Performance Overview (Consolidated base)
Sales
Increase comparing to pervious year
Progress ratio against annual plan was 48.7％ (average progress ratio: 48％)
Operating Income
Increase comparing to pervious year
Progress ratio against annual plan was 56.8％ (average progress ratio: 45％)
(Million yen)
Achievement
Progress
FY20 2Q
FY21 2Q
vs Annual
yr/yr
Plan*¹
Actual
Actual
Value
％
％
Net sales
24,462
26,135
1,672
6.8%
48.7%
Cost of sales
15,114
15,582
467
3.1%
48.1%
Gross profit
9,348
10,553
1,204
12.9%
49.5%
SG&A expenses
6,878
7,584
705
10.3%
47.2%
Operating income
2,469
2,968
499
20.2%
56.8%
Ordinary income
2,688
3,304
616
22.9%
58.0%
Income before
3,008
4,435
1,426
47.4%
58.7%
income taxes
Net income
2,092
3,138
1,045
49.9%
58.7%
²
3,951
4,660
708
17.9%
49.8%
EBITDA *
*¹ Progress rate against revised plan announced on May 7, 2021
4
*² EBITDA = Operating income + Depreciation and Amortization + Amortization of goodwill
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T.Hasegawa Co. Ltd. published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 07:02:00 UTC.
T.HASEGAWA CO.,LTD. is a Japan-based company engaged in the manufacture and sale of flavors and fragrances products. The Company operates through three Geographic segments. The Japan segment includes fragrances business and food business. The fragrance division is engaged in the manufacture of cosmetic aroma, cosmetic products and compound perfume used in fragrance products, cosmetics, lip sticks and hair tonic, toiletry products, as well as household products. The food division is engaged in the manufacture and sale of essence, food oil flavors, food powder flavors, seasonings, processed fruits and natural pigments used in beverages, confectionery, frozen desserts, desserts and instant noodle soups. The American segment is engaged in the manufacture and sale of oily flavors for foods, processed food materials, natural pigments and processed fruit products. The Asia segment is engaged in manufacture and sale of flavors, food additives, as well as the import and export of products.
T. HASEGAWA CO., LTD. 