Morinaga Milk Industry Co., Ltd. · TSE:2264
Morinaga Milk Industry — Q1 FYE March 2025 Earnings Presentation
17 slides from Morinaga Milk Industry's earnings presentation, Aug 8, 2024
Slide 1: Financial Results Presentation for the First Quarter of FYE March 2025
Sha morinaga Morinaga Milk Industry Co., Ltd. Financial Results Presentation for the First Quarter of the Fiscal Year Ending March 31, 2025 August 8, 2024 1. Overview of the First Quarter of the FYE March 2025 Financial Results 72, Outlook of Financial Results for FYE March 2025
Slide 2: Overview of the First Quarter Financial Results
I will begin with an overview of the financial results for Q1. 2
Slide 3: Summary of Q1 results
Here is the summary. Although sales increased and profits decreased, the overall progress was in line with the plan, partly due to the anticipated reactionary decline of MILEI in the global business. In Japan, despite increases in raw material prices and logistics costs, sales and profits increased
Slide 4: Q1 financial results numbers
The numerical aspects are as stated. Profit attributable to owners of parent differs significantly from the previous year due to the extraordinary income recorded in the previous year from the sale of the former Tokyo Plant site. 4
Slide 5: Results by business field
These are the results by business field. In the nutrition and healthcare foods business, sales of nutritional foods such as yogurt and infant formula, as well as CLINICO, which handles liquid foods, increased, resulting in an overall increase in sales. On the other hand, profits were affected by hig
Slide 6: Results for each sub-segment
These are the results for each sub-segment. The contents are as described. 6
Slide 7: Results of overseas subsidiaries
These are the results of subsidiaries in overseas operations. The contents are as described. The core of our global business is MILEI in Germany, but in recent years we have been pursuing M&A in Pakistan, the U.S., and Vietnam, with the goal of putting the companies on track to become new growth dri
Slide 8: Factors for change in operating profit
Next are factors for the change in operating profit. As for the red cost increases, raw material prices are continuing to increase until the effects of the raw material milk price revisions in August and December of the previous year run their course. In addition, higher logistics and labor costs ha
Slide 9: Outlook of Financial Results for FYE March 2025
Next, I would like to explain the outlook for the full year. 9
Slide 10: Earnings forecast with no revisions
No revisions have been made to the earnings forecast. I would like to explain the outlook once again. This fiscal year, we plan to increase profit mainly in Japan, with operating profit of JPY30 billion, an increase of JPY2.2 billion from the previous year. In Japan, we will respond with additional
Slide 11: Forecast figures and medium-term plan
The numerical aspects are as shown in the slide. There is no change here either. This fiscal year is the final year of our medium-term business plan. Although this is not an easy plan, including the numerical targets, we will continue our efforts to achieve it. That concludes my presentation. Thank
Slide 12: Appendix
Appendix 12
Slide 13: Target Sales and Operating Profit for Each Business Segment
(Reference) FYE March 2025: Target Sales and Operating Profit for Each Business Segment She morinaga (Unit: billionyen) First-half target Full-year target First-half target Full-year target FYE Mar. 2025 target ; 7 — . . -on- Netsales Yearon Year Net sales Yearon Year OPeratingprofit _ Year-on-year
Slide 14: Subsegment Net Sales Targets for FYE March 2025
(Reference) Subsegment Net Sales Targets for FYE March 2025 tha morinaga FYE Mar. 2025 target Nutrition and Healthcare Foods Business Yogurt Commercial milk (Home deliveries, etc.) Nutritional food products CLINICO Core Dairy Foods Business Beverages Ice cream Cheese Milk Chilled desserts Global Bus
Slide 15: Forecasts of Fluctuations to Operating Profit in FYE March 2025
tha morinaga (Reference) Forecasts of Fluctuations to Operating Profit in FYE March 2025 :1H plan Q P Change in selling unit prices +6.5 (5.0) Sales volume +2.1 (1.0) Business growth Operation cost + 1.9 (1.0) +13.8(7.5) Sales promotion expenses +0.5 (-1.2) Rationalization Operation cost -6.0 (-3.9)
Slide 16: Dairy Ingredient Market Data
(Reference) Dairy Ingredient Market Data (Last 5 Years) morinaga Zentrale Milchmarkt Berichterstattung GmbH (ZMB, Central Milk Market. " Reporting Agency in Germany) Culinary-use whey powder price (€/ton) ee aaatorMeeaNney | 2,000 1,700 1,500 = 1,500 1,300 x 700 SP fash got os ast Progra yo’ Woks? a
Slide 17: Cautionary Note Regarding Business Forecasts
morinaga the MORINAGA MILK INDUSTRY CO., LTD. Cautionary Note Regarding Business Forecasts Figures for plans, policies, and other figures included in this report other than actual past results are forecasts of future business performance, and are calculated based on management's estimates and unders
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