2018.5.8Announcement of the Settlement of Accounts for the Year Ending March 2018
(Note) Figures shown have been rounded down to the nearest million yen
Our settlement of accounts for the year ending March 2018 was announced on the afternoon of Tuesday, May 8 at the Tokyo Stock Exchange Press Club. An outline of the accounts is presented below.
Consolidated Results for the Year Ending March 2018 (April 1, 2017 to March 31, 2018)
|Revenue||Operating profit||Ordinary profit||Net income attributable to shareholders of parent company|
|(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)|
- *Comprehensive income:
- Year ending March 2018: 13,823 million yen (3.7%)
- Year ending March 2017: 14,354 million yen (-%)
Overview of the FY ending March 2018
First time in 8 years achieving record high operating profit. A breakdown of the YoY increase of JPY 0.8 billion in operating profit is Japan –JPY 0.4 billion, overseas +JPY 1.2 billion. Increase in income significant overseas, mainly in the Americas.
Overviews by division are as follows:
Oil and Fats Processing Division
Despite the impact of rising raw material costs in Japan and Europe, overall income increased thanks to favorable sales of low trans fat oils in North America.
A focus on sales of profitable products such as oils and fats for frying resulted in decreased revenues. Income declined due to a decline in profitability caused by higher raw material prices.
Revenues and income increased thanks to firm sales of hard butters for chocolate and other products in the Americas and Europe.
Confectionery and Bakery Ingredients
Revenues increased thanks to sales growth for plant-based cream and chocolate for distributed confectioneries, which covered the decline in revenues on decreased sales of chocolate for frozen confectioneries due to poor weather. Income decreased on lower profitability due to increased raw material prices.
Revenues increased thanks to favorable sales of filling products on the China market. Revenues also increased in Asia and Brazil. Income increased mainly due to higher profits in Asia and Brazil.
Soy protein materials
Sales for the cereal and health food markets were favorable.
Food function-enhancing ingredients
Revenues increased thanks to firm sales of drink ingredients.
Forecasts for Consolidated Results for the Year Ending March 2019 (April 1, 2018 to March 31, 2019)
|Revenue||Operating profit||Ordinary profit||Net income attributable to shareholders of parent company||Net income
|(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)||(yen)|
|First 2 Quarters
*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.
End of report