2019.5.8Announcement of the Settlement of Accounts for the Year Ending March 2019
(Note) Figures shown have been rounded down to the nearest million yen
Our settlement of accounts for the year ending March 2019 was announced on the afternoon of Wednesday, May 8 at the Tokyo Stock Exchange Press Club. An outline of the accounts is presented below.
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|
|(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)||(millions of yen)||(%)|
|The year ending March 2019||300,844||(2.2)||18,525||(9.5)||18,176||(9.0)||11,589||(15.7)|
|The year ending March 2018||307,645||5.2||20,481||4.0||19,983||1.4||13,742||13.5|
- *Comprehensive income:
- The Year ending March 2019: 3,226million yen (76.7)%
- The Year ending March 2018: 13,823 million yen (3.7)%
Revenue decreased due to declines in emulsified and fermented ingredients and soybeans in Japan, as well as declines in oils and fats and confectionary and bakery ingredients in the Americas.
Operating profit decreased despite increased profitability for oils and fats due to expenses related to the Blommer acquisition and decreased revenues from soy.
Overviews by division are as follows
Oil and Fats Division
Revenues decreased due to sales strategy focused on profitability for frying oils, etc. Income increased thanks to successful sales strategies.
Revenues decreased on factory operations shutdown due to cold climate and hurricanes in the US. Income decreased due to declining revenues in the USA and profitability decline in Asia.
Confectionery and Bakery Ingredients
Revenues declined due to declining sales of Emulsified and Fermented Ingredients sales. Income also declined due to Emulsified and Fermented Ingredients sales
Revenues increased thanks to favorable sales of fillings and margarine in China covering the impact of currency fluctuations for the Brazilian real. Income decreased due to food ingredients declined in Southeast Asia.
Soy protein ingredients sales were favorable on sales but revenues decreased due to declining sales of protein foods. Income decreased due to declining sales.
In China, revenues increased thanks to favorable sales.
Income is increased thanks to improve profitability.
Forecasts for Consolidated Results for the Year Ending March 2020 (April 1, 2019 to March 31, 2020)
|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)|
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