2021/5/11
IR (2897 1 )
NISSIN FOODS HOLDINGS CO., LTD. IR Office (TSE 2897)
2021 3
FY 3/2021 Financial Supplemental Data
Page
Consolidated Statements of Income
1. 2020 3 2021 3 1. Financial Summary Results of FY 3/2020 vs. FY 3/2021 1
2. 2021 3 2021 3 2. Financial Summary of FY 3/2021 Plan vs. FY 3/2021 Results 1
3. 2021 3 2022 3 3. Financial Summary of FY 3/2021 Results vs. FY 3/2022 Plan 1
4. 4. Consolidated Statements of Income 2
Financial Results by Segment
1. Revenue by Segment (Yearly) 3
2. Operating Profit and Operating Profit Margin by Segment (Yearly) 3
3. Revenue by Segment (Quarterly) 4
4. Operating Profit by Segment (Quarterly) 4
Major Factors for Difference in Operating Profit (Non-recurring Income and Expenses)
1. 2020 3 2021 3 1. Differences in Operating Profit of FY 3/2020 vs. FY 3/2021 5
2. 2021 3 2. Major Factors for Non-recurring Income and Expenses of FY 3/2021 (Quarterly) 5
2022 3 FY 3/2022 Plan by Segment
1 1 Plan of Revenue by Segment (Yearly) 6
2. 2. Plan of Core Operating Profit and Core Profit Margin by Segment (Yearly) 6
Factors of Changes in Operating Profit
2021 3 Changes in Operating Profit of FY 3/2021 (Quarterly) 7
Exchange Rates and Foreign Exchange Impact
1. 1. Exchange Rates 8
2. 2. Results of Overseas Businesses excluding Foreign Exchange Impact 9
Results of Associates Accounted for using the Equity Method (Quarterly) 10
2016 3 Main New Consolidated Companies (FY 3/2016-) 10
2016 3 Main Changes of Investment Ratios (FY 3/2016-) 10
Consolidated Statements of Financial Position (Quarterly) 11
Consolidated Statements of Income and Consolidated Cash Flows
1. ( ) 1. Consolidated Statements of Income (Quarterly) 12
2. ( ) 2. Consolidated Cash Flows (Quarterly) 12
2020 Status of Achievement of Medium-Term Business Plan 2021 13
Mid-Long Term Growth Strategy Digest 14
Summary of Selected Data (Yearly)
1. 2018 3 - 1. Summary of Selected Data (FY 3/2018-) 15
2. J-GAAP -2018 3 2. Summary of Selected Data (J-GAAP) (-FY 3/2018) 17
Historical Data
1. 1. Operating Profit and Adjusted Operating Profit 19
2. EPS 2. Profit Attributable to Owners of the Parent and (Adjusted) EPS 19
3. (ROE) 3. Equity Attributable to Owners of Parent and ROE 19
4. 4. Capex, Depreciation and Amortization 20
5. 5. Cash Dividends per Share and Payout Ratio 20
6. PER 6. Market Capitalization of the year-end and PER 20
Worldwide Network of the NISSIN FOODS Group 21
IR 2021 3 IR News (FY 3/2021) 22
4 Monthly Year-on-Year Sales Amount Growth Rates for 4 Major Domestic Companies
1. 2021 3 1. YoY Change in Sales Amount (FY 3/2020 vs. FY 3/2021) 23
2. 2020 3 2. YoY Change in Sales Amount (FY 3/2019 vs. FY 3/2020) 23
Bag-type and Cup-type Instant Noodles Production in Japan 24
Average Price incl. Tax of Mainstay Products at Mass Merchandise Stores 24
Volume and Amount of Instant Noodles Production in Japan 25
) (CY2014-CY2020 Global Demand for Instant Noodles (by Region) (CY2014-CY2020 26
Market Data of Domestic Businesses 27
*FY 3/2021 2020 4 1 2021 3 31 / FY 3/2021 is between April 1, 2020 and March 31, 2021.
*2019 3 1Q IFRS / The company has applied IFRS from the 1Q of FY 3/2019.
* / Figures are calculated based on thousand yen and rounded down to the nearest million yen.
*FY (Fiscal Year), CY (Calendar Year).
/ Consolidated Statements of Income
1. 2020 3 2021 3 / Financial Summary Results of FY 3/2020 vs. FY 3/2021
/ Mil. Yen
FY 3/2020 FY 3/2021
/ Results / Results Changes in Amount Changes in Ratio
/ Revenue 468,879 506,107 37,227 7.9%
/ Operating profit 41,252 55,532 14,279 34.6%
Profit attributable to owners of the parent 29,316 40,828 11,511 39.3%
ROE (%) 9.0 11.5 2.5 -
EPS ( / Yen) 281.4 391.9 110.5 -
EPS / Adjusted EPS ( / Yen)
*1
278.0 328.9 50.9 -
2. 2021 3 2021 3 / Financial Summary of FY 3/2021 Plan vs. FY 3/2021 Results
/ Mil. Yen
FY 3/2021 FY 3/2021
/ Plan*2 / Results Changes in Amount Changes in Ratio
/ Revenue 500,000 506,107 6,107 1.2%
/ Operating profit 53,000 55,532 2,532 4.8%
Profit attributable to owners of the parent 37,500 40,828 3,328 8.9%
EPS ( / Yen) 360.0 391.9 31.9 8.9%
3. 2021 3 2022 3 / Financial Summary of FY 3/2021 Results vs. FY 3/2022 Plan
/ Mil. Yen
FY 3/2021 FY 3/2022
/ Results / Plan Changes in Amount Changes in Ratio
/ Revenue 506,107 540,000 33,892 6.7%
*3
52,382 (5,382) (10.3%)
Core operating profit of existing businesses
COVID-19
Of which, COVID-19 impact
10,509 47,000 - -
COVID-19
Excluding COVID-19 impact 41,872 5,127 12.2%
42,500 (13,032) (23.5%)
/ Operating profit*4 55,532
44,500 (11,032) (19.9%)
31,000 (9,828) (24.1%)
Profit attributable to owners of the parent *4
40,828
33,000 (7,828) (19.2%)
298 (94)
EPS ( / Yen)*4 391.9 -
317 (75)
*1 EPS ± ÷ ( )
Adjusted EPS (Operating profit ± Other income,expenses Income tax expense - Profit attributable to non-controlling interests) / Average number of shares outstanding (excluding
treasury shares)
*2 2021 3 2021 1 5 / FY 3/2021 Plan was revised and announced on January 5, 2021.
*3 - -
Core operating profit of existing businesses Operating profit - Other income and expenses as non-recurring income and expenses - Profit / loss from new businesses
*4 2022 3 5 10%
Forecasts of consolidated financial results for the FY 3/2022 are disclosed with certain range, in order to actively invest in new business within 5 ~ 10% of core operating profit of
existing businesses.
1
4. / Consolidated Statements of Income
/ Mil. Yen
FY 3/2020 FY 3/2021
/ YoY
/ Results / Results
Ratio to Ratio to Changes in Changes in
Amount Amount
Revenue Revenue Amount Ratio
Revenue
468,879 100.0% 506,107 100.0% 37,227 7.9%
Cost of sales
301,599 64.3% 324,350 64.1% 22,750 7.5%
Gross profit
167,279 35.7% 181,756 35.9% 14,477 8.7%
Promotional expenses
12,670 2.7% 11,884 2.3% (785) (6.2%)
Advertising expenses
14,078 3.0% 16,262 3.2% 2,183 15.5%
Distribution expenses
37,267 7.9% 41,906 8.3% 4,638 12.4%
General and administrative expenses
65,468 14.0% 66,536 13.1% 1,068 1.6%
Total selling, general and administrative 129,485 27.6% 136,590 27.0% 7,105 5.5%
expenses
Gain on investments accounted for 4,543 1.0% 5,435 1.1% 892 19.6%
using the equity method
Other income
1,951 0.4% 7,064 1.4% 5,112 261.9%
Other expenses
3,036 0.6% 2,134 0.4% (902) (29.7%)
Operating profit
41,252 8.8% 55,532 11.0% 14,279 34.6%
Finance income
2,544 0.5% 1,895 0.4% (648) (25.5%)
Finance costs
1,147 0.2% 1,193 0.2% 46 4.1%
Profit before tax 42,650 9.1% 56,233 11.1% 13,583 31.8%
Income tax expense 11,528 2.5% 12,893 2.5% 1,365 11.8%
Profit 31,122 6.6% 43,340 8.6% 12,218 39.3%
Profit attributable to non-controlling 1,805 0.4% 2,511 0.5% 706 39.1%
interests
Profit attributable to owners of the parent 29,316 6.3% 40,828 8.1% 11,511 39.3%
Comprehensive income 13,355 2.8% 70,687 14.0% 57,331 429.3%
2
/ Financial Results by Segment
1 / Revenue by Segment (Yearly) / Mil. Yen
FY 3/21 Results
FY 3/20 vs FY 3/21
FY 3/2020 FY 3/2021 FY 3/2021 vs FY 3/21 Plan
/ Revenue
/ Results / Results / Plan*6
Changes in Amount Changes in Ratio Changes in Amount Changes in Ratio
NISSIN FOOD PRODUCTS
201,314 205,624 4,309 2.1% 206,000 (375) (0.2%)
MYOJO FOODS
36,532 37,551 1,018 2.8% 36,540 1,011 2.8%
Chilled and frozen foods
57,306 61,869 4,562 8.0% 59,500 2,369 4.0%
Confectionery and beverages
41,934 56,918 14,983 35.7% 44,500 12,418 27.9%
4,105 3,342 (762) (18.6%) 3,460 (117) (3.4%)
Domestic others*1,2
Domestic
341,194 365,306 24,111 7.1% 350,000 15,306 4.4%
The Americas
65,922 70,873 4,951 7.5% 68,000 2,873 4.2%
*3 43,083 48,177 5,094 11.8% 47,000 1,177 2.5%
China (incl. H.K.)
*1 11,250 12,651 1,400 12.5% 13,500 (848) (6.3%)
Asia
EMEA
*1 7,429 9,098 1,669 22.5% 7,500 1,598 21.3%
EMEA
Overseas
127,684 140,801 13,116 10.3% 136,000 4,801 3.5%
Group total
468,879 506,107 37,227 7.9% 486,000 20,107 4.1%
2. / Operating Profit and Operating Profit Margin by Segment (Yearly)
/ Upper: Operating Profit, Lower: Operating Profit Margin / Mil. Yen
FY 3/21 Results
FY 3/20 vs FY 3/21
FY 3/2020 FY 3/2021 FY 3/2021 vs FY 3/21 Plan
/ Operating profit
/ Results / Results / Plan*6
Changes in Amount Changes in Ratio Changes in Amount Changes in Ratio
27,573 32,196 4,622 16.8% 28,000 4,196 15.0%
NISSIN FOOD PRODUCTS 13.7% 15.7% 2.0% 13.6% 2.1%
2,193 3,183 990 45.2% 2,200 983 44.7%
MYOJO FOODS 6.0% 8.5% 2.5% 6.0% 2.5%
1,410 2,890 1,479 104.9% 1,700 1,190 70.0%
Chilled and frozen foods 2.5% 4.7% 2.2% 2.9% 1.8%
2,193 3,337 1,144 52.2% 2,400 937 39.1%
*4
Confectionery and beverages 5.2% 5.9% 0.6% 5.4% 0.5%
956 22 (933) (97.7%) 1,150 (1,127) (98.1%)
Domestic others*1,2 23.3% 0.7% (22.6%) 33.2% (32.6%)
34,327 41,630 7,303 21.3% 35,450 6,180 17.4%
Domestic 10.1% 11.4% 1.3% 10.1% 1.3%
4,080 4,047 (32) (0.8%) 4,300 (252) (5.9%)
The Americas 6.2% 5.7% (0.5%) 6.3% (0.6%)
4,865 5,763 897 18.4% 4,900 863 17.6%
China (incl. H.K.)*3 11.3% 12.0% 0.7% 10.4% 1.5%
2,397 4,072 1,674 69.8% 3,400 672 19.8%
Asia*1,4 21.3% 32.2% 10.9% 25.2% 7.0%
EMEA 1,071 1,863 792 73.9% 1,400 463 33.1%
*1,4
EMEA 14.4% 20.5% 6.1% 18.7% 1.8%
12,416 15,747 3,331 26.8% 14,000 1,747 12.5%
Overseas 9.7% 11.2% 1.5% 10.3% 0.9%
*5 (100) 3,999 4,099 - (50) 4,049 -
Other reconciliations
*5 (5,389) (5,845) (455) - (5,900) 54 -
Group expenses
41,252 55,532 14,279 34.6% 43,500 12,032 27.7%
Group total 8.8% 11.0% 2.2% 9.0% 2.0%
*1
*2
*3
*3
*4 IFRS
*5
*6 2021 3 2021 1 5
*1 These are included in "Others" in the "Segment Information" of Summary of Consolidated Financial Statements.
*2 "Domestic others" includes NISSIN FOODS HOLDINGS and NISSIN ASSET MANAGEMENT, etc.
*3 The business plan for China segment specifies targets set solely by NISSIN FOODS HOLDINGS.
The results and plan 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 Gain and loss on investments accounted for using the equity method is included in IFRS.
*5 These are included in "Reconciliations" in Summary of Consolidated Financial Statements.
*6 FY 3/2021 Plan was revised and announced on January 5, 2021. As the details of the revised plan are not disclosed, the initial plan is shown.
3
3 / Revenue by Segment (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021 FY 3/2020 vs FY 3/2021 / Change in Amount & Change in Ratio
Revenue 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
NISSIN FOOD 43,414 49,050 58,304 50,544 201,314 48,063 48,969 57,884 50,706 205,624 4,648 10.7% (80) (0.2%) (420) (0.7%) 161 0.3% 4,309 2.1%
PRODUCTS
MYOJO FOODS
8,391 8,705 9,862 9,573 36,532 9,659 8,463 9,912 9,515 37,551 1,267 15.1% (241) (2.8%) 49 0.5% (57) (0.6%) 1,018 2.8%
Chilled and frozen 13,568 14,353 14,986 14,397 57,306 15,704 15,123 15,598 15,443 61,869 2,135 15.7% 769 5.4% 611 4.1% 1,046 7.3% 4,562 8.0%
foods
Confectionery and 10,517 9,955 10,434 11,027 41,934 11,992 11,230 14,101 19,594 56,918 1,474 14.0% 1,275 12.8% 3,666 35.1% 8,566 77.7% 14,983 35.7%
beverages
*1,2 977 1,087 1,121 919 4,105 792 871 745 933 3,342 (185) (18.9%) (215) (19.8%) (376) (33.5%) 14 1.5% (762) (18.6%)
Domestic others
Domestic
76,870 83,151 94,709 86,462 341,194 86,211 84,659 98,241 96,193 365,306 9,341 12.2% 1,507 1.8% 3,531 3.7% 9,731 11.3% 24,111 7.1%
The Americas
15,128 16,440 16,923 17,429 65,922 17,743 17,772 17,767 17,589 70,873 2,614 17.3% 1,332 8.1% 844 5.0% 160 0.9% 4,951 7.5%
*3 9,635 11,332 10,184 11,931 43,083 11,512 12,769 11,050 12,845 48,177 1,877 19.5% 1,436 12.7% 866 8.5% 914 7.7% 5,094 11.8%
China (incl. H.K.)
*1 2,737 2,873 2,857 2,782 11,250 2,954 3,290 3,227 3,178 12,651 217 7.9% 416 14.5% 370 13.0% 396 14.2% 1,400 12.5%
Asia
EMEA
*1 1,522 1,668 2,009 2,229 7,429 2,138 2,079 2,439 2,440 9,098 616 40.5% 411 24.6% 430 21.4% 211 9.5% 1,669 22.5%
EMEA
Overseas
29,023 32,314 31,974 34,371 127,684 34,349 35,911 34,486 36,054 140,801 5,325 18.3% 3,596 11.1% 2,512 7.9% 1,682 4.9% 13,116 10.3%
Group total
105,894 115,466 126,683 120,834 468,879 120,561 120,570 132,727 132,248 506,107 14,666 13.9% 5,103 4.4% 6,043 4.8% 11,413 9.4% 37,227 7.9%
4. / Operating Profit by Segment (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021 FY 3/2020 vs FY 3/2021 / Change in Amount & Change in Ratio
Operating profit 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
NISSIN FOOD 4,668 7,068 10,676 5,161 27,573 8,730 7,816 10,017 5,631 32,196 4,062 87.0% 748 10.6% (658) (6.2%) 470 9.1% 4,622 16.8%
PRODUCTS
MYOJO FOODS
612 719 1,093 (232) 2,193 1,610 752 718 103 3,183 997 162.7% 32 4.6% (374) (34.3%) 335 - 990 45.2%
Chilled and frozen 723 297 460 (70) 1,410 1,566 890 573 (139) 2,890 843 116.6% 592 199.4% 112 24.5% (69) - 1,479 104.9%
foods
Confectionery and 594 525 458 614 2,193 1,327 1,006 1,049 (46) 3,337 733 123.5% 480 91.4% 590 128.8% (660) - 1,144 52.2%
beverages*4
*1,2 256 232 769 (302) 956 234 697 (277) (631) 22 (22) (8.8%) 465 200.2% (1,047) - (328) - (933) (97.7%)
Domestic others
Domestic
6,855 8,843 13,458 5,170 34,327 13,468 11,162 12,081 4,917 41,630 6,613 96.5% 2,319 26.2% (1,377) (10.2%) (252) (4.9%) 7,303 21.3%
The Americas
1,396 1,006 1,212 465 4,080 1,910 1,491 587 58 4,047 514 36.8% 485 48.2% (625) (51.5%) (407) (87.5%) (32) (0.8%)
*3 839 1,451 748 1,826 4,865 1,607 1,479 930 1,745 5,763 768 91.6% 27 1.9% 182 24.3% (81) (4.4%) 897 18.4%
China (incl. H.K.)
836 921 948 (308) 2,397 1,245 1,259 847 720 4,072 409 49.0% 338 36.7% (101) (10.7%) 1,028 - 1,674 69.8%
Asia*1,4
EMEA
*1,4 160 237 779 (106) 1,071 718 527 611 6 1,863 557 347.2% 289 121.8% (168) (21.6%) 113 - 792 73.9%
EMEA
Overseas
3,232 3,617 3,689 1,877 12,416 5,482 4,758 2,976 2,530 15,747 2,250 69.6% 1,140 31.5% (712) (19.3%) 653 34.8% 3,331 26.8%
Other (113) (18) 11 20 (100) (37) (70) 4,529 (421) 3,999 75 - (52) - 4,518 39,587.9% (441) - 4,099 -
*5
reconciliations
*5 (1,347) (1,347) (1,347) (1,347) (5,389) (1,461) (1,461) (1,461) (1,461) (5,845) (113) - (113) - (113) - (113) - (455) -
Group expenses
Group total
8,627 11,094 15,811 5,719 41,252 17,452 14,388 18,125 5,565 55,532 8,825 102.3% 3,294 29.7% 2,314 14.6% (154) (2.7%) 14,279 34.6%
*1
*2
*3
*3
*4 IFRS
*5
*1 These are included in "Others" in the "Segment Information" of Summary of Consolidated Financial Statements.
*2 "Domestic others" includes NISSIN FOODS HOLDINGS and NISSIN ASSET MANAGEMENT, etc.
*3 The business plan for China segment specifies targets set solely by NISSIN FOODS HOLDINGS.
*3 The results 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 Gain and loss on investments accounted for using the equity method is included in IFRS.
*5 These are included in "Reconciliations" in Summary of Consolidated Financial Statements.
4
/ Major Factors for Difference in Operating Profit (Non-recurring Income and Expenses)
1. 2020 3 2021 3 / Differences in Operating Profit of FY 3/2020 vs. FY 3/2021
/ Mil. Yen
FY 3/2020 FY 3/2021 Difference in Non-
Difference in Operating
/ Results / Results
Profit
recurring Income and Main Items of Non-recurring Income and Expenses *
Expenses
NISSIN FOOD PRODUCTS
27,573 32,196 4,622 151 FY 3/2021 103 / Impairment loss of property (103)
MYOJO FOODS
2,193 3,183 990 227
FY 3/2020 462 / Impact of liquidation of associate 462
Chilled and frozen foods
1,410 2,890 1,479 (202) FY 3/2021 320 / Impact of liquidation of associate 320
Confectionery and beverages
2,193 3,337 1,144 40
Domestic others
956 22 (933) 628 FY 3/2020 355 / Impairment loss of property (355)
Domestic
34,327 41,630 7,303 845
The Americas
4,080 4,047 (32) 48
China (incl. H.K.)
4,865 5,763 897 37
Asia
2,397 4,072 1,674 789 FY 3/2020 657 / Impairment loss of property (657)
EMEA
EMEA
1,071 1,863 792 52
Overseas
12,416 15,747 3,331 929
Other reconciliations
(100) 3,999 4,099 4,240 FY 3/2021 4,250 / Impact relating to business combination (KOIKE-YA) 4,250
Group expenses
(5,389) (5,845) (455) -
Operating profit
41,252 55,532 14,279 6,015
2. 2021 3 / Major Factors for Non-recurring Income and Expenses of FY 3/2021 (Quarterly)
/ Mil. Yen
FY 3/2021
*
Main Items of Non-recurring Income and Expenses
1Q 2Q 3Q 4Q FY
NISSIN FOOD PRODUCTS 29 (110) 15 272 207 2Q 103 / Impairment loss of property (103)
MYOJO FOODS 25 19 10 10 65
Chilled and frozen foods 311 3 7 (125) 196 (1Q 320 / Impact of liquidation of associate 320
Confectionery and beverages 12 7 (20) 49 49
Domestic others (74) 18 66 (5) 4
Domestic 304 (60) 79 200 523
The Americas 4 11 9 (23) 1
China (incl. H.K.) 70 (36) 74 113 222
Asia 28 13 (3) 12 50
EMEA
EMEA
(22) (26) (17) 82 16
Overseas 81 (39) 63 185 291
3Q 4,589
Other reconciliations (5) (20) 4,525 (384) 4,115 3Q Impact relating to business combination (KOIKE-YA) 4,589
Non-recurring income and expenses 380 (119) 4,668 1 4,930
* / "()" presents loss in "Main Items of Non-recurring Income and Expenses".
5
2022 3 / FY 3/2022 Plan by Segment
1 / Plan of Revenue by Segment (Yearly) / Mil. Yen
FY 3/21 Results
FY 3/2021 FY 3/2022 vs FY 3/22 Plan
/ Revenue
/ Results / Plan
Changes in Amount Changes in Ratio
NISSIN FOOD PRODUCTS
205,624 207,000 1,375 0.7%
MYOJO FOODS
37,551 37,500 (51) (0.1%)
77,696 77,000 (696) (0.9%)
Chilled, frozen foods and beverages*1
41,091 65,000 23,908 58.2%
Confectionery*1
3,342 2,500 (842) (25.2%)
Domestic others*2,3
Domestic
365,306 389,000 23,693 6.5%
The Americas
70,873 74,000 3,126 4.4%
*4 48,177 55,000 6,822 14.2%
China (incl. H.K.)
*2 12,651 13,500 848 6.7%
Asia
EMEA
*2 9,098 8,500 (598) (6.6%)
EMEA
Overseas
140,801 151,000 10,198 7.2%
Group total
506,107 540,000 33,892 6.7%
2. / Plan of Core Operating Profit and Core Profit Margin by Segment (Yearly)
/ Upper: Core Operating Profit, Lower: Core Operating Profit Margin / Mil. Yen
FY 3/21 Results
FY 3/2021 FY 3/2022 vs FY 3/22 Plan
/ Core operating profit
/ Results / Plan
Changes in Amount Changes in Ratio
31,989 28,000 (3,989) (12.5%)
NISSIN FOOD PRODUCTS 15.6% 13.5% (2.0%)
3,117 2,400 (717) (23.0%)
MYOJO FOODS 8.3% 6.4% (1.9%)
3,419 3,000 (419) (12.3%)
Chilled, frozen foods and beverages*1 4.4% 3.9% (0.5%)
2,562 3,100 537 21.0%
*1
Confectionery 6.2% 4.8% (1.5%)
838 1,000 161 19.3%
Domestic others*2,3 25.1% 40.0% 14.9%
41,927 37,500 (4,427) (10.6%)
Domestic 11.5% 9.6% (1.8%)
4,045 3,900 (145) (3.6%)
The Americas 5.7% 5.3% (0.4%)
5,540 5,500 (40) (0.7%)
China (incl. H.K.)*4 11.5% 10.0% (1.5%)
4,021 4,600 578 14.4%
Asia*2,5 31.8% 34.1% 2.3%
EMEA 1,847 1,500 (347) (18.8%)
*2,5
EMEA 20.3% 17.6% (2.7%)
15,456 15,500 43 0.3%
Overseas 11.0% 10.3% (0.7%)
57,383 53,000 (4,383) (7.6%)
Domestic and overseas total 11.3% 9.8% (1.5%)
*6 (115)
Other reconciliations
(6,000) (998) -
(4,885)
Group expenses*6
52,382 47,000 (5,382) (10.3%)
Core operating profit of existing businesses*7
(4,500) (2,720)
/ New businesses*1,8 (1,780) -
(2,500) (720)
42,500 (8,101) (16.0%)
50,601
44,500 (6,101) (12.1%)
*8
Core operating profit 7.9% (2.1%)
10.0%
8.2% (1.8%)
*1 2022 3
*2
*3
*4
*3
*5 IFRS
*6
*7 - -
*8 2022 3 5 10%
*1 Change in Segment is planned for FY 3/2022.
*2 These are included in "Others" in the "Segment Information" of Summary of Consolidated Financial Statements.
*3 "Domestic others" includes NISSIN FOODS HOLDINGS and NISSIN ASSET MANAGEMENT, etc.
*4 The business plan for China segment specifies targets set solely by NISSIN FOODS HOLDINGS.
*3 The results 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.).
*5 Gain and loss on investments accounted for using the equity method is included in IFRS.
*6 These are included in "Reconciliations" in the "Segment Information" of Summary of Consolidated Financial Statements.
*7 Core operating profit of existing businesses Operating profit - Other income and expenses as non-recurring income and expenses - Profit / loss from new businesses
*8 Forecasts of consolidated financial results for the FY 3/2022 are disclosed with certain range, in order to actively invest in new business within 5 ~ 10% of core operating profit of existing businesses.
6
/ Factors of Changes in Operating Profit
2021 3 / Changes in Operating Profit of FY 3/2021 (Quarterly)
/ Mil. Yen
1Q 2Q 3Q 4Q Total
Domestic 6,855 8,843 13,458 5,170 34,327
FY 3/2020 Overseas 3,232 3,617 3,689 1,877 12,416
Operating profit Reconciliations*2 (1,460) (1,365) (1,335) (1,327) (5,489)
Total 8,627 11,094 15,811 5,719 41,252
/ Marginal profit*1
Domestic 4,604 390 698 3,414 9,108
Overseas 1,476 1,051 787 515 3,830
Revenue Reconciliations*2 382 700 264 805 2,152
Total 6,463 2,142 1,750 4,736 15,091
Domestic 1,057 788 (38) (1,315) 491
Overseas 505 105 (1,063) (223) (676)
Cost of goods sold ratio Reconciliations*2 (496) (756) (69) (270) (1,592)
Total 1,066 137 (1,171) (1,810) (1,778)
Domestic (402) (18) (546) (435) (1,403)
Overseas 61 (295) (369) (459) (1,063)
Distribution cost ratio Reconciliations*2 (33) (63) (90) (133) (321)
Total (375) (378) (1,006) (1,029) (2,788)
/ Fixed expenses
Domestic (98) (86) (60) 174 (71)
Overseas (50) (65) 55 (39) (99)
Depreciation and amortization Reconciliations*2 2 1 2 0 7
Total (146) (150) (2) 135 (164)
Domestic 1,000 (233) (350) (2,324) (1,907)
Overseas (8) 107 (150) (122) (175)
Advertising expenses Reconciliations*2 - - - - -
Total 992 (126) (502) (2,447) (2,083)
Domestic 696 1,180 (1,346) (493) 37
Overseas (206) (31) 178 (43) (103)
General and administrative
expenses Reconciliations*2 94 (53) (282) (600) (841)
Total 585 1,096 (1,450) (1,137) (906)
/ Others
Domestic (1) 64 238 (99) 202
Gain (loss) on investments Overseas 447 410 (160) (8) 689
accounted for using the equity Reconciliations*2 - - - - -
method
Total 446 475 78 (108) 892
Domestic (242) 234 27 825 845
Overseas 25 (141) 9 1,035 929
Other income and expenses Reconciliations*2 11 5 4,580 (357) 4,240
Total (205) 98 4,618 1,504 6,015
Domestic 6,613 2,319 (1,377) (252) 7,303
Overseas 2,250 1,140 (712) 653 3,331
Changes in operating profit Reconciliations*2 (38) (166) 4,404 (555) 3,644
Total 8,825 3,294 2,314 (154) 14,279
Domestic 13,468 11,162 12,081 4,917 41,630
FY 3/2021 Overseas 5,482 4,758 2,976 2,530 15,747
Operating profit Reconciliations*2 (1,499) (1,532) 3,068 (1,882) (1,845)
Total 17,452 14,388 18,125 5,565 55,532
*1
( × ) ② ③
*2 ( )
*1 The analysis of marginal profit is based on the amount obtained by adding selling expenses to revenue.
[Method of calculating increase/decrease factors]
1. Marginal profit = (Revenue in the current fiscal year x Ratio of revenue in the previous fiscal year) – Expenses in the current fiscal year
2. Fixed expenses = Expenses in the previous fiscal year – Expenses in the current fiscal year
3. Others = Results in the previous fiscal year – Results in the current fiscal year
*2 The analysis is made based on comparison using the rate from the previous fiscal year, variable costs in increase/decrease factors in each segment and subtotals
(domestic and overseas) and grand totals are not in accord. Therefore, reconciliations are used.
7
/ Exchange Rates and Foreign Exchange Impact
/ Exchange Rates
/ Yen
/ Each rate is an average rate calculated based on daily rates for the period.
FY 3/2022
/ Country FY 3/2016 FY 3/2017 FY 3/2018 FY 3/2019 FY 3/2020 FY 3/2021
Currency Plan*
/ Consolidated Subsidiaries
the U.S.
USD 120.14 108.38 110.85 110.91 108.74 106.06 106.06
The
Mexico
MXN 7.26 5.64 5.99 5.74 5.61 4.93 4.93
Americas
Brazil
BRL 30.60 32.93 34.47 29.34 26.52 19.62 19.62
Hong Kong
HKD 15.49 13.97 14.20 14.14 13.91 13.68 13.68
China
China
CNY 18.85 16.11 16.75 16.54 15.60 15.67 15.67
Singapore
SGD 88.10 78.75 81.74 81.69 79.28 77.65 77.65
India
INR 1.90 1.63 1.73 1.60 1.55 1.44 1.44
Asia Thailand
THB 3.54 3.09 3.31 3.43 3.52 3.42 3.42
Vietnam
VND 0.00553 0.00487 0.00488 0.00479 0.00468 0.00457 0.00457
Indonesia
IDR 0.00820 0.00840 0.00780 0.00770 0.00740 0.00740
EMEA Europe
EUR 134.31 120.33 129.70 128.41 120.82 123.70 123.70
/ Associates Accounted for using the Equity Method
Asia Philippines
PHP 2.68 2.31 2.25 2.11 2.12 2.17 2.17
EMEA
Russia
RUB 2.00 1.63 1.93 1.77 1.69 1.49 1.49
*
Yen-based presentation of earnings forecasts are based on actual exchange rates for the previous fiscal year
8
2 / Results of Overseas Businesses excluding Foreign Exchange Impact
/ Mil. Yen
FY 3/2020 FY 3/2021 / YoY FY 3/2021 / YoY
( )
FX Impact
Results*1 Results*1 Changes in Changes in Results Changes in Changes in
Amount Ratio (Disclosed)
*2 Amount Ratio
/ Revenue
/ The Americas 65,922 80,863 14,941 22.7% (9,989) 70,873 4,951 7.5%
/ China (incl. H.K.) 43,083 48,336 5,253 12.2% (158) 48,177 5,094 11.8%
/ Asia 11,250 13,203 1,952 17.4% (552) 12,651 1,400 12.5%
EMEA / EMEA 7,429 8,886 1,457 19.6% 211 9,098 1,669 22.5%
/ Revenue 127,684 151,289 23,604 18.5% (10,488) 140,801 13,116 10.3%
/ Operating Profit
/ The Americas 4,080 4,980 900 22.1% (933) 4,047 (32) (0.8%)
/ China (incl. H.K.) 4,865 5,781 915 18.8% (18) 5,763 897 18.4%
/ Asia 2,397 4,118 1,720 71.8% (45) 4,072 1,674 69.8%
EMEA / EMEA 1,071 2,030 958 89.4% (166) 1,863 792 73.9%
/ Operating profit 12,416 16,911 4,495 36.2% (1,163) 15,747 3,331 26.8%
*1: FY 3/2021 FY 3/2021 ×FY 3/2020
*1:
*2: FY 3/2021 ( ) FY 3/2021 ×FY 3/2021
*1: FY 3/2021 Results = FY 3/2021 local currency results multiplied by the average FX rates of FY 3/2020
*1: If there is a newly consolidated company, the average FX rates for current year are applied.
*2: FY 3/2021 Results (Disclosed)= FY 3/2021 local currency results multiplied by the average FX rates of FY 3/2021
9
/ Results of Associates Accounted for using the Equity Method (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021
Ratio of
Company Segment 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
Share-holding *5
*1
Confectionery and - 24 53 (16) 98 159 22 117 222 - 362
KOIKE-YA beverages
Asia
20.02% 604 668 743 716 2,733 702 771 671 653 2,800
Thai President*2
NURC*3 Asia
49.00% 190 193 192 158 736 229 263 227 216 936
EMEA
EMEA
33.50% 184 158 535 35 914 494 396 412 32 1,336
MAREVEN*4
/ Total 1,003 1,073 1,455 1,009 4,543 1,449 1,549 1,533 902 5,435
*1 KOIKE-YA Inc.
2020 12 3Q 5 / Became a consolidated subsidiary in December 2020, 5 months of
gain on investments accounted for using the equity method accounted for 3Q.
*2 Pub. Co., Ltd. / Thai President Foods Public Company Limited.
*3 - Corporation / NISSIN-UNIVERSAL ROBINA CORP.
*4 Ltd. / MAREVEN FOOD HOLDINGS LIMITED.
*5 2021 3 / The column of "Ratio of Shareholding" shows the ratio at the end of March 2021.
2016 3 / Main New Consolidated Companies (FY 3/2016-)
2016 3 1 / From FY 3/2016 1Q
Zhejiang Nissin Foods Co., Ltd. (China)
2016 3 3 / From FY 3/2016 3Q
Ltda.
NISSIN FOODS DO BRASIL LTDA. (The Americas)
2017 3 1 / From FY 3/2017 1Q
PT.
BonChi Co., Ltd. (Confectionery and beverages), PT.NISSIN FOODS INDONESIA (Asia)
2017 3 4 / From FY 3/2017 4Q
MC Marketing & Sales ( )
MC Marketing & Sales(Hong Kong) Limited (China)
2019 3 1 / From FY 3/2019 1Q
Kagome Nissin Foods (H.K.) Co., Ltd. (China)
2020 3 3 / From FY 3/2020 3Q
Zhuhai Nissin Packaging Company Limited (China)
2020 3 4 / From FY 3/2020 4Q
Hong Kong Eastpeak Limited (China), SHANGHAI EASTPEAK TRADING CO., LTD (China)
2021 3 / From FY 3/2021 1Q
CO.,LTD.
NISSIN FOODS ASIA CO., LTD. (Asia)
2021 3 / From FY 3/2021 2Q
Valley Farm Holdings Limited (China)
2021 3 / From FY 3/2021 3Q
KOIKE-YA Inc. (Confectionery and beverages)
2016 3 / Main Changes of Investment Ratios (FY 3/2016-)
2015 11 17 100 66.0
Investment ratio decreased from 100% to 66.0% on November 17, 2015*
PTE.LTD.
NISSIN FOODS SINGAPORE PTE. LTD.
*
2015 12 3 100 66.0
Investment ratio decrease from 100% to 66.0% on December 3, 2015*
CO., LTD.
NISSIN FOODS THAILAND CO., LTD.
*
2016 4 1 100 66.0
Investment ratio decrease from 100% to 66.0% on April 1, 2016*
PT.
PT.NISSIN FOODS INDONESIA
*
2016 5 27 100 65.6
Investment ratio decrease from 100% to 65.6% on May 27, 2016*
LTD.
Nissin Foods India Ltd.
2017 12 11 98.5 73.9
Investment ratio decrease from 98.5% to 73.9% on December 11, 2017 by Hong Kong subsidiary's listing
NISSIN FOODS CO., LTD (China incl. H.K.) in charge of overall control of China business including those conducted in Hong Kong area.
2019 3 25 73.9 70.0
Investment ratio decrease from 73.9% to 70.0% on March 25, 2019 by partial disposal of shares in the Hong Kong subsidiary
NISSIN FOODS CO., LTD (China incl. H.K.) in charge of overall control of China business including those conducted in Hong Kong area.
* / Strategic alliance with Mitsubishi Corp.
10
/ Consolidated Statements of Financial Position (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021
Compared with
the Preivous Main Reasons of the Differences between Previous Year
1Q 2Q 3Q 4Q Period End
Period End
Assets
Cash and cash equivalents 60,163 60,588 59,173 68,796 90,294 30,130
Trade and other receivables 77,932 66,874 74,533 91,511 84,837 6,905
Inventories 32,454 37,967 39,442 38,262 40,901 8,447
Income taxes receivable 2,701 2,905 568 838 1,629 (1,072)
Other financial assets 10,273 10,251 14,732 12,185 6,890 (3,383)
Other current assets 4,258 5,538 5,973 6,833 4,563 305
Total current assets 187,784 184,126 194,423 218,427 229,117 41,333
Property, plant and equipment 240,063 240,611 243,008 253,880 257,135 17,072 Increase due to change in consolidated subsidiary
Goodwill and intangible assets 3,806 4,444 4,597 12,264 12,476 8,670 Increase due to change in consolidated subsidiary
Investment property 7,108 7,096 7,085 7,365 7,369 260
Investments accounted for using the equity method 47,436 43,478 45,539 40,302 42,333 (5,103) Decrease due to change in consolidated subsidiary
Other financial assets 77,209 93,347 101,318 104,596 100,990 23,780 Increase due to gain on valuation of investment securities
Deferred tax assets 12,844 12,563 12,365 12,388 12,174 (669)
Other non-current assets
368 401 481 522 1,933 1,564
Total non-current assets 388,837 401,943 414,394 431,320 434,413 45,575
Total assets 576,621 586,069 608,818 649,748 663,530 86,908
Liabilities
Trade and other payables 104,815 102,292 102,989 120,225 119,275 14,459 Increase due to change in consolidated subsidiary
Borrowings 6,631 6,666 5,944 6,314 9,647 3,015
Provisions 337 196 254 258 204 (133)
Accrued income taxes 6,294 5,312 8,207 7,829 8,050 1,756
Other financial liabilities 3,418 3,582 4,051 3,852 3,855 436
Other current liabilities 20,183 16,049 16,765 17,614 19,617 (565)
Total current liabilities 141,681 134,100 138,214 156,095 160,650 18,969
Borrowings 41,630 41,157 40,726 42,099 38,283 (3,346)
Other financial liabilities 18,350 18,146 17,448 18,356 18,601 251
Defined benefit liabilities 5,828 5,940 6,037 7,910 5,151 (676)
Provisions 207 226 226 197 203 (4)
Deferred tax liabilities 12,393 14,093 16,077 16,898 16,722 4,328
Other non-current liabilities 2,467 2,423 2,371 2,754 2,481 14
Total non-current liabilities 80,877 81,988 82,887 88,217 81,444 566
Total liabilities 222,558 216,089 221,102 244,312 242,095 19,536
Equity
Share capital 25,122 25,122 25,122 25,122 25,122 -
Capital surplus 50,639 50,640 50,638 50,638 50,636 (2)
Treasury shares (6,660) (6,659) (6,655) (6,656) (6,658) 2
Other components of equity 12,275 21,820 28,808 29,014 34,217 21,941 Increase due to gain on valuation of investment securities
Retained earnings 246,616 252,955 262,887 271,476 280,697 34,080
Total equity attributable to owners of the parent 327,994 343,879 360,801 369,595 384,016 56,021
Non-controlling interests 26,068 26,100 26,914 35,839 37,419 11,350 Increase due to change in consolidated subsidiary
Total equity 354,063 369,980 387,716 405,435 421,435 67,372
Total liabilities and equity 576,621 586,069 608,818 649,748 663,530 86,908
11
/ Consolidated Statements of Income and Consolidated Cash Flows
1 / Consolidated Statements of Income (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
Revenue
105,894 115,466 126,683 120,834 468,879 120,561 120,570 132,727 132,248 506,107
Gross profit
37,178 41,399 47,314 41,387 167,279 45,242 43,753 47,996 44,763 181,756
Operating profit
8,627 11,094 15,811 5,719 41,252 17,452 14,388 18,125 5,565 55,532
Profit before tax
9,292 11,135 16,545 5,676 42,650 17,979 14,168 18,531 5,553 56,233
Profit
6,159 8,221 12,597 4,143 31,122 12,818 10,584 14,812 5,124 43,340
Profit attributable to owners of the 5,800 7,669 12,178 3,668 29,316 12,095 9,878 14,307 4,547 40,828
parent
2 / Consolidated Cash Flows (Quarterly)
/ Mil. Yen
FY 3/2020 FY 3/2021
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
Cash flows from operating activities
13,206 7,399 20,805 16,122 57,533 19,652 14,660 18,257 20,143 72,714
Cash flows from investing activities
(12,029) (12,405) (7,979) (7,999) (40,413) (10,301) (13,843) (4,300) 1,916 (26,528)
Cash flows from financing activities
(2,255) 2,687 (7,493) (3,082) (10,142) (8,400) (2,457) (5,741) (2,447) (19,046)
Effect of exchange rate changes on (1,466) (1,312) 1,255 (2,416) (3,939) (525) 225 1,406 1,885 2,991
cash and cash equivalents
Net increase (decrease) in cash and (2,544) (3,629) 6,587 2,624 3,037 425 (1,415) 9,622 21,498 30,130
cash equivalents
Cash and cash equivalents at 57,125 54,581 50,951 57,539 57,125 60,163 60,588 59,173 68,796 60,163
beginning of quarters
Cash and cash equivalents at end of 54,581 50,951 57,539 60,163 60,163 60,588 59,173 68,796 90,294 90,294
quarters
12
2020 / Status of Achievement of Medium-Term Business Plan 2021
1 / Status of implementation of strategic themes
5 KPI FY 3/2021 FY 3/2021
5 Key Strategic Theme KPI and Target for FY 3/2021 / Results
Global Branding 2016 3 1.5 1.3
Promoting Global Branding for CUP NOODLES vs. FY 3/2016(units) Up 50% Up approx. 1.3 %
BRICs 7 6
Operating profit generated in priority overseas locations
Focusing on Priority Overseas Locations (BRICs) 70% Approx. 60%
accounts for
295 354
NISSIN FOOD PRODUCTS+ MYOJO FOODS operating
Laying Stronger Foundations for Domestic Profit Base 29.5 bil. Yen 35.4 bil. Yen
profit target
2 M&A
M&A
Establishing a Second Pillar Revenue Source As well as growing brands organically, make the most of -
Executed M&A deals
(Confectionary, Cereals, Chilled and Frozen) M&A
2 200 2 200
Human Resources for Global Management Pool of management talent X 2 (200 people) X 2 (200 people)
2 KPI / KPIs and Targets of the new Medium-Term Business Plan / Mil. Yen
IFRS IFRS
FY 3/2021 FY 3/2021
Theme KPI
/ Revised Plan*3 / Results
Revenue 486,000 506,107
Earning Power Centered on Core Businesses
Operating profit 43,500 55,532
Overseas operating profit ratio 28.3% 28.4%
Net income*1 30,500 40,828
Corporate Value in the Capital Market
ROE (%) 9 11.5
EPS ( ) / Adjusted EPS (Yen) (IFRS) *2 281 329
3 / Financial Policies
FY 3/2021 ( / Plan*3) FY 3/2021 ( / Results)
2,150 -
2,198
5
Five-year Investment Budget Capex: 215.0 billion yen, Business investment: -
(Control of the total amount of business investment including capital Capex: 219.8 billion yen
expenditure is required)
40% :40
Policy on Shareholder Returns Payout ratio: 40% or above on the average for the five-year period Payout ratio: 40% on the average for the five-year period
4 / Targets under the new Medium-Term Business Plan
/ Mil. Yen
IFRS
FY 3/2021 FY 3/2021
Difference
/ Domestic Revised Plan* / Results
/ Revenue 242,540 243,175 635
/ Operating Profit 30,200 35,380 5,180
Instant noodles business
/ Operating Profit Margin (%) 12.5% 14.5% 2.1%
/ Revenue 104,000 118,788 14,788
Chilled and frozen, Confectionery and / Operating Profit 4,100 6,227 2,127
beverages / Operating Profit Margin (%) 3.9% 5.2% 1.3%
/ Overseas
/ Revenue 68,000 70,873 2,873
/ Operating Profit 4,300 4,047 (252)
The Americas
/ Operating Profit Margin (%) 6.3% 5.7% (0.6%)
/ Revenue 47,000 48,177 1,177
/ Operating Profit 4,900 5,763 863
China (incl. H.K.)*4
/ Operating Profit Margin (%) 10.4% 12.0% 1.5%
/ Revenue 13,500 12,651 (848)
Asia
/ Operating Profit 3,400 4,072 672
/ Operating Profit Margin (%) 25.2% 32.2% 7.0%
/ Revenue 7,500 9,098 1,598
EMEA / Operating Profit 1,400 1,863 463
/ Operating Profit Margin (%) 18.7% 20.5% 1.8%
*1 IFRS
*2 IFRS EPS (IFRS ± - )÷ ( )
*3 2020 2019 5 9
*4
*1 Profit attributable to owners of parent based on IFRS
*2 Adjusted EPS(IFRS)= (Operating Profit ± Other income,expenses - Income tax expense - Profit attributable to non-controlling interests) /Average number of shares outstanding (excluding treasury shares)
*3 The Medium-Term Business Plan 2021 was revised and announced on May 9, 2019.
*4 The business plan for China segment specifies targets set solely by NISSIN FOODS HOLDINGS.
13
/ Mid- to Long-Term Growth Strategy Digest
1 CSV / NISSIN FOODS Group Creating Shared Value (CSV) Management
EARTH FOOD CREATOR
To achieve sustainable growth while solving environmental and social issues as an “EARTH FOOD CREATOR”, constantly creating new food cultures through innovation.
Mission Enduring Values: Peace will come to the world when there is enough food, Create foods to serve society, Eat wisely for beauty and health, Food related
jobs are a sacred profession
Vision EARTH FOOD CREATOR
4 / Four Attributes
Value
Creative, Unique, Happy, Global
2 / Mid- to Long-Term Growth Strategy
CSV 3
NISSIN FOODS Group will engage in three mid- to long-term growth strategies, pursuing the Group’s vision and sustainable growth based on CSV management.
#
Growth Strategy Overview
1 Strengthen Cash Generation Capabilities of Make a significant shift in profit portfolio through aggressive growth in Overseas and Non-Instant Noodles Businesses, while
Existing Businesses pursuing sustainable growth
2 EARTH FOOD CHALLENGE 2030 A challenge to utilize finite resources effectively and reduce the impact of climate change
Lengthen the life cycles of existing businesses
3 Co-create foods of the future with food science
Pursue New Businesses
Become a company that provides food and health solutions through technology
10 / Growth Targets Over the Next 10 Years: Profit Structure and Profit Growth Levels
Business Overseas Domestic Non-Instant Noodles Business Domestic Instant Noodles Business
30% 45% 10% 15% 60% 40%
Target Structure Current 30% 45% Current 10% 15% Current 60% 40%
1 2 1
Growth Targets High-single Digit to Double Digit High-single Digit Outpace Market Growth
2
100
The Leading Company in the High-Value-Added Build a Second Profit Pillar Next to the Instant
Strategic Goal A Century Brand Company
Market Noodles Business
Global Branding
Deepen CUP NOODLES branding to further solidify Deepen efforts to develop demand, penetrate brands,
Leverage growth and profitability improvement in
Future Strategic Direction competitive advantage, and roll out operational develop markets, and strengthen supply capabilities
each business, focusing on added value by pursuing
strategies according to markets, competitive to continue to grow over the medium to long term,
Group synergies on both the supply and demand
environment, and the Group’s own competitive steadily increasing sales and profits, even in mature
sides
abilities markets
3 / Quantitative Targets
4 CSV
NISSIN FOODS Group is committed to achieving four mid- to long-term economic value (financial) targets through CSV management: (1) Sustainable profit growth, (2)
Efficient use of capital, (3) Safe use of debt, and (4) Stable shareholder returns. The group will pursue these targets while also pursuing targets related to social value and
environmental value (non-financial).
Value Classification Management Indicator Mid- to Long-Term Target
*1
1
Growth potential *1
Core operating profit growth rate for existing businesses (constant currency Mid-single digit
10%
ROE
Efficiencies 10% over the long term
EBITDA 2
Financial Safety Net debt / EBITDA ratio 2x
Dividend policy Progressive dividends
Stable shareholder returns
TSR TOPIX 1
Relative TSR vs. TOPIX (Foods) >1x
*3
*3 100%
Sustainable Palm Oil Procurement Ratio
IFRS 100
12.3
Effective use of finite resources Water Usage Per million yen of revenue (IFRS basis)
16 3
(50%)
Non-Financial*2 Total Waste Reduction Compared to FY 3/2016/Japan
CO2 Scope 1+2 19 3
(30%)
Reduction of CO2 Emissions (Scope1+2) Compared to FY 3/2019
Reduce climate change impact
CO2 Scope 3 19 3
(15%)
Reduction of CO2 Emissions (Scope 3) Compared to FY 3/2019
*1 IFRS Non-GAAP
*2 2031 3
*3
*1 A non-GAAP key performance indicator calculated by deducting other income and expenses (defined as income/expenses from new businesses targeted by aggressive up-front investment and non-recurring
income/expenses) from IFRS operating profit
*2 Non-financial targets reflect FY3/2031 figures
*3 Based on external certifications and independent assessments
14
/ Summary of Selected Data (Yearly)
1. 2018 3 - / Summary of Selected Data (FY 3/2018-)