News Release

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)

Consolidated operating results (total)

(% is in comparison to the previous year)

  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)%

Segment-specific summary

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

Domestic

Revenues decreased due to sales strategy focused on profitability for frying oils, etc. Income increased thanks to successful sales strategies.

Overseas

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

Domestic

Revenues declined due to declining sales of Emulsified and Fermented Ingredients sales. Income also declined due to Emulsified and Fermented Ingredients sales

Overseas

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

Domestic

Soy protein ingredients sales were favorable on sales but revenues decreased due to declining sales of protein foods. Income decreased due to declining sales.

Overseas

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)

(% is in comparison to the previous year)

  Revenue Operating profit Ordinary profit Net income attributable to shareholders of parent company Net income
per share
(millions of yen) (%) (millions of yen) (%) (millions of yen) (%) (millions of yen) (%) (yen)
Full Year 430,000 42.9 24,000 29.5 22,000 21.0 15,200 31.2 176.83

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.

More Detail

End of report

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