Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — Q3 FY3/2024 Earnings Presentation
23 slides from Nissin Foods's earnings presentation, Feb 13, 2024
Slide 1: Financial Results for FY 3/2024 3Q
Financial Results for FY 3/2024 3Q February 13, 2024 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: February 13, 2024
Slide 2: Today’s Points
Today’s Points Point 1: FY 3/2024 3Q Financial Results ➢ Revenue and core operating profit of existing businesses increased by 9.5% and 41.8% year-on-year, respectively Point 2: Performance by Business ➢ Domestic Instant Noodles Business : Revenue and profit increased Volume just slightly decreased
Slide 3: FY 3/2024 3Q Financial Results
FY 3/2024 3Q Financial Results 2
Slide 4: FY 3/2024 3Q Consolidated Financial Summary
FY 3/2024 3Q Consolidated Financial Summary Institutional accounting basis Constant currency basis Bil. yen YoY change YoY change FY 3/2024 FY 3/2024 3Q 3Q Amount Ratio Amount Ratio Revenue 548.9 + 47.5 + 9.5% 536.6 + 35.1 + 7.0% Core operating profit 72.8 + 21.4 + 41.8% 71.3 + 20.0 + 38.9% of exist
Slide 5: Analysis of Core OP of Existing Businesses
Analysis of Core OP of Existing Businesses Domestic and Overseas : +) Price revisions etc. (Bil.Yen) Domestic (13.1), Overseas +0.7 Domestic：- ) Increase in raw materials and energy costs, etc. +37.0 YoY +21.4 Bil. yen Overseas +1.5 +4.8 +42% +11.1 (1.7) (12.4) (7.8) Domestic +26.0 Mareven +2.5 Prem
Slide 6: Financial Summary by Segment
Financial Summary by Segment Revenue and profit of all three businesses increased due to steady demand even after price revisions. Overseas business drove overall profit growth. Profit continued to increase significantly in Domestic Non-Instant Noodles Business due to strong sales of beverage and sn
Slide 7: Revenue Results by Segment
Revenue Results by Segment Consolidated revenue increased mainly due to price revisions FY 3/2024 3Q Institutional accounting basis FY 3/2024 3Q Constant currency basis Bil. yen FY 3/2024 YoY change FY 3/2024 YoY change 3Q Amount Ratio 3Q Amount Ratio NISSIN FOOD PRODUCTS 177.1 + 10.1 + 6.1% 177.1 +
Slide 8: Core OP Results by Segment
Core OP Results by Segment Overseas business, NISSIN YORK, and KOIKE-YA continued leading the overall growth, resulting in 1.4 times increase year-on-year FY 3/2024 3Q Institutional accounting basis FY 3/2024 3Q Constant currency basis Bil. yen Other Income YoY change YoY change OP Core OP Core OP a
Slide 9: Status of Our Businesses
Status of Our Businesses 8
Slide 10: Domestic Instant Noodles Business
Domestic Instant Noodles Business Revenue and profit increased due to price revisions besides expanding sales of main products despite rising raw materials costs Revenue (Bil. Yen) FY 3/2023 FY 3/2024 NISSIN FOOD PRODUCTS (+6%) Cup type : New products such as CUP NOODLE GUZAI MAMIRE series contribut
Slide 11: Domestic Non-Instant Noodles Business
Domestic Non-Instant Noodles Business Revenue and profit increased due to contributions from YORK, with keeping strong performance of lactobacillus beverages PILKUL series and TOKACHI DRINK YOGURT, and KOIKE-YA, with strong sales from main products Revenue (Bil. Yen) FY 3/2023 FY 3/2024 (+6%) : Past
Slide 12: The Americas
The Americas Revenue and profit increased year on year due to the strengthening of propositions and promotion of high-value-added products as well as the impact of price revisions Revenue (Bil. Yen) FY 3/2023 FY 3/2024 U.S. : Increased due to strengthening of sales of high-value-added products and p
Slide 13: China (incl. H.K.)
China (incl. H.K.) Core operating profit increased mainly due to lower raw material costs year on year Revenue (Bil. Yen) FY 3/2023 FY 3/2024 Hong Kong : Decreased due to lower sales volume of bag type noodles (Forex impact +0.9 Bil. yen) Mainland China : Decreased due to lower sales volume (Forex i
Slide 14: Asia
Asia Profit increased in all regions, mainly in Thailand, due to price revisions in each country and lower material costs Revenue (Bil. Yen) FY 3/2023 FY 3/2024 By descending order of revenue 形式：拡張メタファイル Thailand ：Increased (Forex impact +0.3 Bil. yen) 倍率：100％ 横位置：2.00cm 縦位置：6.70cm India ：Increased
Slide 15: EMEA
EMEA Continued revenue growth trend in the fast-growing instant noodles market Revenue (Bil. Yen) FY 3/2023 FY 3/2024 • CUP NOODLES, Soba and Demae Ramen brands continued to perform well 形式：拡張メタファイル 倍率：100％ • Increased mainly in the U.K., Germany, and France 横位置：2.00cm (Forex impact +1.6 Bil. yen) 縦
Slide 16: The Americas New Plant
The Americas New Plant Aim to further increase in profit by enlarging production capability to meet growing demand of instant noodles in U.S. & Brazil, and by improving production and distribution efficiency through collaboration with the existing plant NISSIN FOODS (U.S.A.) New Greenville Plant NIS
Slide 17: Appendix
Appendix 16
Slide 18: Revenue and Volume in the Americas and Overseas (YoY)
Revenue and Volume in the Americas and Overseas (YoY) FY 3/2023 FY 3/2024 Oct. - Dec. Jan. - Mar. Apr. - Jun. Jul. - Sep. Oct. - Dec. Revenue* Volume* Revenue* Volume* Revenue* Volume* Revenue* Volume* Revenue* Volume* +low-single -low-single -high-single -low-single +low-single U.S. +59% +37% +27%
Slide 19: Major Price Revisions (Domestic)
Major Price Revisions (Domestic) 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 6-12%) MYOJO 9-12%) CHILLED Chilled / frozen foods FOODS and be
Slide 20: Major Price Revisions (Overseas)
Major Price Revisions (Overseas) 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, Cup) May (Bag, Cup) Jun. (Bag, Cup) (Bag, Cup) (Bag, Cup) (Bag, Cup
Slide 21: FY 3/2024 Revised Consolidated Forecasts
Disclosed on November 9, 2023 Reprinted materials from "Financial Results for FY 3/2024 2Q" FY 3/2024 Revised Consolidated Forecasts FY 3/2024 Forecasts (revised) announced on 9th November, 2023 Bil. yen FY3/2024 vs. Initial forecasts vs. FY3/2023 Forecasts (revised) Amount Ratio Amount Ratio Revenu
Slide 22: FY 3/2024 Revised Consolidated Forecasts by Three Businesses
Disclosed on November 9, 2023 Reprinted materials from "Financial Results for FY 3/2024 2Q" FY 3/2024 Revised Consolidated Forecasts by Three Businesses FY 3/2024 Forecasts (revised) announced on 9th November, 2023 Bil. Yen FY3/2024 vs. Initial forecasts vs. FY3/2023 Forecasts (revised) Amount Ratio
Slide 23: • 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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