News Release

2019.11.5Announcement of the Settlement of Accounts for the Second Quarter of the Year Ending March 2020

(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 2020 was announced on the afternoon of Tuesday, November 5 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 2020 (April 1, 2019 to September 30, 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) (%)
Second quarter of the year ending March 2020 191,585 30.2 9,050 (4.5) 8,252 (13.4) 5,979 36.3
Second quarter of the year ending March 2019 147,143 (1.7) 9,478 0.9 9,534 3.5 4,386 (24.4)
*Comprehensive income:
  • The Second Quarter of the Year ending March 2020: 2,396 million yen -%
  • The Second Quarter of the Year ending March 2019: (658) million yen (-%)

Overviews by division are as follows

Vegetable Oils and Fats

Net sales decreased due to sales focused on profitability in Japan and overseas. Income increased on improved profitability in Japan and Europe, as well as recovery in the Americas following the stoppage of operations during the first quarter of the previous fiscal year.

Industrial Chocolate

Net sales increased significantly. Because the consolidation of Blommer in the US contributed. Income decreased in Americas. There was a reversal of the futures evaluations in Blommer. And Brazil declined in profitability.

Emulsified and Fermented Ingredients

Net sales decreased due to sales volume for margarine decreased. While there was an increase in the elimination amount for unrealized gains on inventory assets, Income increased due to sales of cream and other products incased.

Soy-based Ingredients

Net sales decreased slightly. Although sales of soy protein foods increased favorably in Japan, overseas there was the impact from the selloff of a Chinese subsidiary last fiscal year. Income increased on higher revenues in Japan.

Forecasts for Consolidated Results for the year Ending March 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 - 25,500 - 24,000 - 17,000 - 197.77

*Qualitative information regarding forecast consolidated figures
At the Board of Directors Meeting held today, the Company voted to change the accounting period for our 19 overseas consolidated subsidiaries from December to March. For the current consolidated fiscal year, the transitional period during this change in accounting periods, the accounting period for overseas consolidated subsidiaries subject to the accounting period change shall be the 15-month period from January 1, 2019 to March 31, 2020. As such, we do not indicate the rate of change (%) in YoY performance.

More Detail

End of report

Inquiries

About inquiries

  • Inquiries are accepted during company hours on weekdays.
    Working hours: 9:00 AM ~ 5:00 PM, Monday ~ Friday
    (Inquiries are not accepted on Saturdays, Sundays, holidays, the year-end holiday season, the summer vacation season, and company holidays.)
  • Please note that it may take considerable time for us to respond to your inquiry, depending on the matter raised.
    Please also note that we may not be able to provide a response, depending on the matter raised.
  • Replies will be sent to the individual customer. Please refrain from forwarding, making secondary use of, or disclosing any reply, in whole or in part, to any third party, without the permission of our company.
  • Because we may furnish a reply by telephone, please enter a telephone number where you can be contacted during the day.

Inquiry type

Inquiry subject *
Name of the product
Purpose
Inquiry text *

Customer information

First Name *
Last Name * * This field is required.
E-mail address *
(Enter again for confirmation)
Postal code * This field is required.
Address1 *
Address2 *
City *
State/Province *
Country *
Telephone number
Occupation *
Company name
Organizational unit

Personal information

  • We shall manage all personal information on customers and the text of their inquiries in accordance with our policy on protection of privacy.
  • We shall use any personal information on customers only for response to their inquiries.

Click the send button if the text is correct.

Inquiry type

Inquiry subject
Name of the product
Purpose
Inquiry text

Personal information

First Name
Last Name
E-mail address
Postal code
Address1
Address2
City
State/Province
Country
Telephone number
Occupation
Company name
Organizational unit

We have received your inquiry. Thank you for sending it.