Fuji Oil Holdings Inc (FJLLF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Sakai. Nice to meet you. I would like to take a look back on the past three years and especially the year of 2024. First, I would like to talk about the operating profit of the year of 2024. As you can see, the previous year's operating profit was 99 billion yen. In the case of Brahma Chocolate, it has caused a great loss, and it has had a great impact on the entire company's budget. I would like to express my deepest apologies for not being able to meet your expectations and trust. I am sorry about that. I would like to express my deepest apologies for not being able I would like to briefly look back on the past three years. There was no improvement in the profits of Brahma chocolate. Also, the operation of the new Chinese cream factory was delayed. In terms of chocolate business other than Brahma chocolate, the supply chain was strengthened, The profit was increased by the sales strategy that adjusted the material for the timely price reduction and added precision. Brazil's Harald, who started a new factory, also stood up smoothly. In addition, we introduced Fuji-ROIC and PPE, which are our own productivity indicators, I think that it was recommended to see the efficiency of each factory in terms of revenue and other profits. As for the issue, I will mention it on the next page, but I think that the area of the pure mochikabu company was suitable for promoting globalization in a pure market environment. in the face of the global crisis, such as the spread of COVID-19 and the global spread of raw materials, I think it was an extremely unfavorable situation. Also, for Fuji, who has a lot of know-how in Japan, I think it was an inefficient situation. In 2024, These are the three major issues that have come to light. In the case of Brahma Choco...