Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — FY2024 Earnings Presentation
26 slides from Sti Foods's earnings presentation, Feb 13, 2025
Slide 1: Results Briefing Materials for the Fiscal Year Ended December 31, 2024
Results Briefing Materials for the Fiscal Year Ended 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 2025. 2. 13
Slide 2: Overview of Financial Results
Overview of Financial Results 1
Slide 3: Trends in Full-year Earnings
Trends in Full-year Earnings Increase in sales volume due to the effect of introducing new products and repeat purchases of existing daily prepared products Profit ratio increased due to improved production efficiency as a result of the increase in sales volume Profit attributable to owners of N
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income (Unit: million yen) FY 12/2023 FY 12/2024 Results vs. Net sales Results vs. Net sales YoY Change Net sales 31,784 - 35,580 - 111.9% 3,796 Cost of sales 22,952 72.2% 25,627 72.0% 111.7% 2,674 Gross profit 8,831 27.8% 9,953 28.0% 112.7% 1,121 Selling, general and admin
Slide 5: Consolidated Balance Sheet and Consolidated Statement of Cash Flows
Consolidated Balance Sheet and Consolidated Statement of Cash Flows (Unit: million yen) Consolidated balance sheet As of December 31, As of December 31, YoY Change 2023 2024 Current assets 10,294 11,064 107.5% 770 Of which, cash and deposits 4,046 4,226 104.4% 179 Non-current assets 4,807 8,219 171.
Slide 6: Analysis of Changes in Ordinary Profit
Analysis of Changes in Ordinary Profit The price of fresh vegetables used for raw materials in cup deli products increased suddenly in 4Q The increase in sales volume and improvements to production efficiency resulted in increased profit under conditions in which it is difficult to raise prices
Slide 7: Priority Measures
Priority Measures 6
Slide 8: Strengthening Production Capacity & Expanding Merchandise Categories
Strengthening Production Capacity & Expanding Merchandise Categories Strengthening Production Capacity in Japan Production capacity increased by over 20% due to year-round operation at the new Kansai Plant and the STI Miyagi daily production line ✓ No need to adjust production during the surge in
Slide 9: Strengthening Capability to Directly Sell to Consumers and Develop Products
Strengthening Capability to Directly Sell to Consumers and Develop Products Acquire Ajino-Hamato stock and make into a subsidiary Expanding Retail Using a Brand That Has 100 Years of History Specializing in Fish Global expansion of a long-established brand ✓ Using a brand that has been highly prai
Slide 10: Qualitative Priority Measures
Qualitative Priority Measures ■ 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
Slide 11: Fiscal year ending December 31, 2025 Earnings Forecast
Fiscal year ending December 31, 2025 Earnings Forecast 10
Slide 12: Trends in Results So Far and Future Plans
Trends in Results So Far and Future Plans We will work on restructuring the production system and actively develop new products to accompany operation at the new Kansai Plant, and 2025 will be the year in which we implement checks and corrections to continue growing the entire business While net
Slide 13: Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2025
Full-year Earnings Forecast for the Fiscal Year Ending December 31, 2025 Increase in earnings due to year-round operation at the new Kansai Plant and the STI Miyagi daily production line Position 2025 as a year of checks and corrections for future profit growth, and profit is planned to remain f
Slide 14: Shareholder Return Policy
Shareholder Return Policy 13
Slide 15: Shareholder Return Policy
Shareholder Return Policy Implemented a 1:3 stock split with the effective date as January 1, 2025 For fiscal year ended December 31, 2024, a year-end dividend of 80 yen is scheduled and together with the interim dividend this is a total of 120 yen For fiscal year ending December 31, 2025, the
Slide 16: APPENDIX
APPENDIX 15
Slide 17: Company Profile / Business Description
Company Profile / Business Description Company profile Name of STI Foods Holdings, Inc. Establishment November 2017 (founded in December 1988) company 276 (1,039 other temporary employees) 1-15-14, Minami Aoyama, Minato-ku, Number of Headquarters * As of the end of December 2024, the number of tempo
Slide 18: 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 bases the manufacturing system can handle any of
Slide 19: Creation of Production Processes and Technologies Through Group Synergies
Creation of Production Processes and Technologies Through Group Synergies Achieving both good taste and economic rationality ■ No compromise on quality of raw materials (no specification downgrades) STI Foods (Funabashi) ■ Optimization of production through multiple sites Selection and concentration
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 Taking on the challenge of new production methods and technologies at a
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 Stan
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
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
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
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
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