Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — Q3 FY3/2023 Earnings Presentation
19 slides from Nissin Foods's earnings presentation, Feb 6, 2023
Slide 1: Financial Results for FY 3/2023 3Q
Financial Results for FY 3/2023 3Q Announced on February 6, 2023 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: February 6, 2023
Slide 2: Today’s Point
Today’s Point • Point 1：FY 3/2023 3Q Financial Results ➢ Revenue and profits increased by double-digit year-on-year. Overseas business continued to perform well particularly in the U.S., covering the domestic business, which struggled mainly due to higher raw material, packaging and energy costs. ➢
Slide 3: FY 3/2023 3Q Consolidated Financial Summary / FY 3/2023 Revised Forecasts
FY 3/2023 3Q Consolidated Financial Summary / FY 3/2023 Revised Forecasts FY 3/2023 Forecasts (revised) Institutional accounting basis announced on 6th February, 2023 Bil. yen YoY change FY3/2023 vs. Initial plan vs. FY3/2022 FY 3/2023 Forecasts 3Q Amount Ratio (revised) Amount Ratio Amount Ratio Re
Slide 4: Analysis of Core OP of Existing Businesses
Analysis of Core OP of Existing Businesses Domestic and Overseas: Domestic and Overseas: (Bil.Yen) +) Price revisions etc. -) Increase in raw materials, energy costs, etc. +35.8 (28.4) Overseas Premier Foods became Overseas (13.3) equity-method affiliate +1.5 YoY +21.3 ＋7.9 bil. yen Domestic Domesti
Slide 5: Impact of Soaring Material Costs and Coverage by Price Revisions
Impact of Soaring Material Costs and Coverage by Price Revisions In the overseas business, the increase in main raw material prices, which accounts for most of the unplanned expenses, has already been covered by price revisions. In the domestic business, unplanned expenses, mainly sub-materials, are
Slide 6: Revenue Results by Segment
Revenue Results by Segment Revenue increased in all segments, mainly due to a significant increase in overseas business, as well as the solid demand in domestic business Institutional accounting basis Constant currency basis Bil. yen FY 3/2023 YoY change FY 3/2023 YoY change 3Q Amount Ratio 3Q Amoun
Slide 7: Core OP Results by Segment
Core OP Results by Segment Profits increased as the Americas drove the overseas business significantly. On the other hand, the domestic business decreased due to soaring costs. FY 3/2023 3Q Institutional accounting basis FY 3/2023 3Q Constant currency basis Bil. yen Other Income YoY change YoY chang
Slide 8: Domestic Instant Noodles Business
Domestic Instant Noodles Business Revenue remained strong due to steady demand with continued growth in sales volume from the previous year. However, profits decreased due to the impact of rising costs for raw materials, packaging materials and energy. Revenue (Bil.Yen) FY3/2022 FY3/2023 NISSIN FOOD
Slide 9: Domestic Non-Instant Noodles Business
Domestic Non-Instant Noodles Business In 3Q (Oct.-Dec.), the segments were supported by YORK, where PILKUL MIRACLE CARE performed well, and KOIKE-YA, where the standard products performed well. Decrease in profits in Frozen Foods moderated. Revenue (Bil.Yen) FY3/2022 FY3/2023 Chilled foods (-3%) Dec
Slide 10: The Americas
The Americas Significant increases in revenue and profits due to the success of U.S. price revisions and favorable volume growth Revenue (Bil.Yen) U.S. Continued high demand, maintaining the previous year‘s volume level without FY3/2022 FY3/2023 dropping even after the price revision. Increased due
Slide 11: China (incl. H.K.)
China (incl. H.K.) Maintain profit growth through penetration of price revisions despite the impact of soaring materials costs Revenue (Bil.Yen) FY3/2022 FY3/2023 Hong Kong Increased due to an increase in volume, mainly in bag type instant noodles, as well as the impact of price revisions. (Forex im
Slide 12: Asia
Asia Decreased in profit due to the impact of cost-increase in 3Q(Apr.-Dec.), while increased in 3Q(Oct.-Dec.) due to the impact of price revisions in each country. Revenue (Bil.Yen) FY3/2022 FY3/2023 By descending order of revenue India Increased (Forex impact +0.6 Bil. yen) Thailand Increased (For
Slide 13: EMEA
EMEA In the fast-growing instant noodle market, revenue in 3Q(Apr.-Dec.) grew 1.5 times year-on-year. With the addition of Premier Foods, equity-method affiliates contributed 2 Bil. yen to profits in 3Q (Oct.-Dec.). Revenue (Bil.Yen) FY3/2022 FY3/2023 • CUP NOODLES, Soba and Demae Ramen brands perfo
Slide 14: Appendix
Appendix 13
Slide 15: Reference: Revenue and Volume in the Americas and Overseas (YoY)
Reference: Revenue and Volume in the Americas and Overseas (YoY) Apr.- Jun. Jul.-Sep. Oct.-Dec. 3Q (Apr.-Dec.) Revenue Volume Revenue Volume Revenue Volume Revenue Volume +low-single +low-single +low-single +low-single U.S. +18% +37% +59% +38% digit % digit % digit % digit % +low-double +high-single
Slide 16: Price Revisions (Domestic)
Price Revisions (Domestic) Domestic Instant Noodles Business plans price revision in June 2023 FY 3/2020 ~ FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 NISSIN FOOD Business Noodles Instant PRODUCTS MYOJO FOODS Jun. 19 (NISSIN FOOD 4-8%、 Jun.(NISSIN FOOD 5-12%、 Jun. (NISSIN FOOD 10-13%) MYOJO 3-7%) MYOJO
Slide 17: Price Revisions (Overseas)
Price Revisions (Overseas) Implement price revisions in accordance with conditions in each region FY 3/2020 ~ FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 U.S. May (Bag, Cup) Aug. Average 36% Apr. 19 (Bag, Cup) Jan. (Bag, Cup) The Americas (Bag, Cup) Brazil May 20 Nov. 20 Feb. 21 Jul. (Bag) Feb. (Bag, Cu
Slide 18: Reference: Historical Consumer Price and Corporate Goods Price in Japan and US
Reference: Historical Consumer Price and Corporate Goods Price in Japan and US Historical Consumer Price Index and Historical Consumer Price Index (CPI) and Corporate Goods Price Index in Japan Producer Price Index (PPI) in US January 2018 – December 2022 January 2018 – December 2022 12% 12% 10% 10%
Slide 19: • These presentation materials are available in PDF format at our official website, under
Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks an
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