Sti Foods Holdings, Inc. · TSE:2932

Sti Foods — H1 2024 Earnings Presentation

26 slides from Sti Foods's earnings presentation, Aug 8, 2024

  1. Slide 1: Results Briefing Materials for the First Half of the Fiscal Year Ending December 31, 2024

    Results Briefing Materials for the First Half of the Fiscal Year Ending December 31, 2024 Standard Market of the Tokyo Stock Exchange (Securities Code: 2932) IR e-mail distribution registration (Japanese only) https://www.magicalir.net/2932/mail/index.php  August 8, 2024

  2. Slide 2: Summary of Financial Results for the First Half of the Fiscal Year Ending December 31, 2024

    Summary of Financial Results for the First Half of the Fiscal Year Ending December 31, 2024 1

  3. Slide 3: Summary of Consolidated Financial Results

    Summary of Consolidated Financial Results Net sales Ordinary profit Ordinary profit ratio 1H FYE December 31, 2024 (January to June 2024) 16,694 million yen 1,495 million yen 9.0% 1H FYE December 31, 2023 (January to June 2023) 14,835 million yen 1,074 million yen 7.2% 1H FYE December 31, 2022 (Janu

  4. Slide 4: Consolidated Statement of Income

    Consolidated Statement of Income (Unit: million yen) 1H FYE December 31, 2023 1H FYE December 31, 2024 (January to June 2023) (January to June 2024) Results vs. Net sales Results vs. Net sales YoY Change Net sales 14,835 - 16,694 - 112.5% 1,859 Cost of sales 10,683 72.0% 11,810 70.7% 110.6% 1,127 Gr

  5. Slide 5: Consolidated Balance Sheet

    Consolidated Balance Sheet FYE 12/2023 Ratio of (Unit: million yen) FYE 12/2024 Fiscal year- increase/decr Change End-1H end ease Current assets 10,294 11,239 109.2% 944 Of which, cash and 4,046 4,334 107.1% 288 deposits Non-current assets 4,807 5,257 109.4% 449 Of which, property, 4,223 4,689 111.0

  6. Slide 6: Trends in Results So Far and Future Growth Prospects

    Trends in Results So Far and Future Growth Prospects  From 2019, the CAGR for net sales* has averaged 11.1% and the CAGR for ordinary profit is has averaged 36.5%, with plans to maintain similar growth in the future. *CAGR = Compound Annual Growth Rate/average annual growth rate Kansai Plant (Unit:

  7. Slide 7: Analysis of Changes in Ordinary Profit

    Analysis of Changes in Ordinary Profit  Continued to use high-quality raw materials to provide the best products supported by consumers.  Absorbed negative factors through improvements in production efficiency driven by synergies between plants and increased sales volume (Unit: million yen) Other

  8. Slide 8: Priority Measures and Strategies

    Priority Measures and Strategies 7

  9. Slide 9: Priority Measures: Creation of production processes and technologies through Group synergies

    Priority Measures Creation of production processes and technologies through Group synergies Achieving both good taste and economic rationality STI Foods ■ No compromise on quality of raw materials (Funabashi) (No specification downgrades) STI Enak STI Delica ■ Optimization of production through mult

  10. Slide 10: Priority Measures

    Priority Measures ■ Preparations for the new Kansai Plant are well underway for operation in November 2024 (actual image) ↓ Renovation work in progress 9

  11. Slide 11: Priority Measures

    Priority Measures *New Kansai Plant completion rendering 10

  12. Slide 12: Priority Measures (Continued)

    Priority Measures (Continued) ■ Creating a stronger corporate group by pursuing contributions to business through functions related to raw materials, development, production, and intellectual property Linkage of raw materials Enhance and expand Intellectual property rights and product development ma

  13. Slide 13: Revision of Earnings Forecast

    Revision of Earnings Forecast 12

  14. Slide 14: Revision of Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2024

    Revision of Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2024  Revised earnings forecast based on better-than-expected performance in the first half of the year and steady growth in both sales and profits in the second half of the year. FYE 2024/12 initial forecast FYE 2024/1

  15. Slide 15: Shareholder Return Policy

    Shareholder Return Policy 14

  16. Slide 16: Shareholder Return Policy

    Shareholder Return Policy  Decided to pay an interim dividend of 40 yen for FYE 2024/12 and revised the year-end dividend forecast from 50 yen to 70 yen, increasing the annual dividend per share from 90 yen to 110 yen. [Dividends] FYE 12/2022 results FYE 12/2023 results FYE 12/2024 forecast Annual

  17. Slide 17: Appendix

    Appendix 15 16

  18. Slide 18: Company Profile / Business Description

    Company Profile / Business Description Company profile Name of STI Foods Holdings, Inc. Establishment November 2017 (founded in December 1988) company 1-15-14, Minami Aoyama, Minato- Number of Headquarters 269 (including 949 temporary employees) ku, Tokyo employees *As of the end of December 2023, t

  19. Slide 19: Group and Production Bases

    Group and Production Bases  The Group is formed of STI Foods Holdings, six consolidated subsidiaries, one sub-subsidiary and one non-consolidated subsidiary. Overseas  Each plant has its own specialties and products, and by combining them, business the manufacturing system can handle any of the th

  20. Slide 20: Strengths of the Business: Manufacturing Technologies and Patents

    Strengths of the Business: Manufacturing Technologies and Patents Researching and developing new manufacturing methods and unique marine food products that do not exist in the world using technologies with high barriers to entry Nurture food professionals: Enhance Taking on the challenge of new prod

  21. Slide 21: Strengths of the Business: Improvement of Taste Quality through Integrated Production

    Strengths of the Business: Improvement of Taste Quality through Integrated Production  Thorough temperature control and reduction in the number of thawing cycles in the integrated production (cooking) process to improve the quality of taste Manufacturing process for grilled fish prepared foods  Pu

  22. Slide 22: Strengths of the Business: Balancing Food Loss and Cost Reduction

    Strengths of the Business: Balancing Food Loss and Cost Reduction  Reduce raw material costs by thoroughly addressing food loss with a product portfolio that uses up all ingredients. Integrated production system that achieves both deliciousness and reduced raw material costs Procurement Integrated

  23. Slide 23: SDGs Initiatives

    SDGs Initiatives We will reduce the burden on the environment and society in all parts of the value chain, from procurement, processing, distribution, consumption, and disposal, and work to solve social issues through business. Social issues Initiatives Targets Procurement of sustainable raw Respons

  24. Slide 24: SDGs Initiative: Promoting the Sale of Miyagi Prefecture Suisan High School's Kinka Canned Mackerel

    SDGs Initiative: Promoting the Sale of Miyagi Prefecture Suisan High School’s Kinka Canned Mackerel Supporting recovery efforts in collaboration with local high school students in Ishinomaki, Miyagi Prefecture, which was severely affected by the Great East Japan Earthquake 2022 - 2023 Project In Jap

  25. Slide 25: SDGs Initiative: Formulation of Group Human Rights Policy

    SDGs Initiative: Formulation of Group Human Rights Policy STI Foods Holdings Group understands and supports the minimum principles and standards that should be adhered to as outlined in the United Nations International Bill of Human Rights and the ILO’s Declaration on Fundamental Principles and Righ

  26. Slide 26: [Precaution]

    [Precaution] The forward-looking statements contained in this document are based on management’s assumptions and beliefs in light of the information currently available, and are subject to change due to macroeconomic conditions and industry trends. Accordingly, please be aware that there are risks a

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