News Release

2017 11.07Announcement of the Settlement of Accounts for the Second Quarter of the Year Ending March 2018

(Note) Figures shown have been rounded down to the nearest million yen

Our settlement of accounts for the second quarter of the year ending March 2018 was announced on the afternoon of Tuesday, November 7 at the Tokyo Stock Exchange Press Club. An outline of the accounts is presented below.

Consolidated Results for the Second Quarter of the Year Ending March 2018 (April 1, 2017 to September 30, 2017)

Consolidated operating results (total)

(% is in comparison to the previous year)

  Revenue Operating profit Ordinary profit Net income attributable to shareholders of parent company for quarter
(millions of yen) (%) (millions of yen) (%) (millions of yen) (%) (millions of yen) (%)
Second quarter of the
year ending March 2018
149,645 5.9 9,393 2.2 9,208 1.7 5,801 (5.7)
Second quarter of the
year ending March 2017
141,361 5.4 9,191 42.8 9,058 52.8 6,150 69.8
*Comprehensive income:
  • 2Q for year ending March 2018: 4,670 million yen (-%)
  • 2Q for year ending March 2017: (86) million yen (-%)

Segment-specific summary

Oils and Fats Processing division

Japan

A focus on profitable sales resulted in decreased revenues. Income declined due to a decline in profitability caused by higher raw material prices.

Overseas

Revenues increased thanks to sales growth for hard butters for chocolate in the Americas and in Europe. Income declined due to a decline in profitability caused by higher raw material prices.

Confectionery and Bakery Ingredients division

Japan

Although sales of industrial use chocolate and fillings were firm, revenues declined on decreased sales of chocolate for frozen confectioneries resulting from poor weather and a continued focus on profitable sales of food ingredients.

Overseas

Revenues increased thanks to favorable sales of filling products on the China market, and increased in Asia and Brazil,too.
Income increased mainly due to higher profits in Brazil.

Soy division

Soy protein ingredients

Sales for the cereal and health food markets were favorable.

Soy protein function-enhancing ingredients

Revenues and income increased thanks to growth in sales of beverage ingredients.

Division overall

Income increased thanks to improved profitability attributable to business restructuring and cost reductions.

Forecasts for Consolidated Results for the Year Ending March 2018 (April 1, 2017 to March 31, 2018)

(% is in comparison to the previous year)

  Revenue Operating profit Ordinary profit Net income attributable to shareholders of parent company for quarter
(millions of yen) (%) (millions of yen) (%) (millions of yen) (%) (millions of yen) (%)
Second quarter of the
year ending March 2018
149,645 5.9 9,393 2.2 9,208 1.7 5,801 (5.7)
Second quarter of the
year ending March 2017
141,361 5.4 9,191 42.8 9,058 52.8 6,150 69.8

(Note) No revisions for forecast consolidated figures were made this quarter

*Explanation and other notes regarding appropriate utilization of the predictions
The forecasts above have been made based on assumptions deemed rational together with information available at the time of this announcement, and the actual results may differ from these forecasts due to various factors.

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