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• Figures for monetary amounts expressed in billions of yen in this report are rounded to the nearest 100 million yen.
• From FY2021, the reporting segments have been reclassified as follows:
The domestic operations in the "Condiments and Processed Foods," "Salad and Delicatessen" and "Egg" business segments have been reorganized into the "Retail Market" and "Food Service";
The overseas operations in the "Condiments and Processed Foods Business" have been split into the new "Overseas Business"; and
The "Distribution Business" has been transformed to an affiliated company accounted for by the equity method.
The figures for the Overseas Business from October through September of the following year are included in the results including exports from Japan.
Exports from Japan from December through November of the following year are included in the results.
Changes overseas in total include a ¥1.7 billion increase in net sales and a ¥0.2 billion increase in operating income caused by fluctuations in exchange rates.
During FY2021, the Company finalized the provisional accounting treatment for business combinations, and the figures for FY2020 reflect the finalization of theprovisional accounting treatment.
3
Overview of FY2021 Results
(¥bn)
FY2020
FY2020
FY2021
Change
YoY Change
(After retrospective
(After retrospective
(After retrospective
adjustments)
adjustments)
adjustments)
Net sales
531.1
390.7
407.0
+16.4
+4%
Japan
483.9
343.5
353.7
+10.1
+3%
Overseas
47.2
47.2
53.4
+6.2
+13%
Operating income
28.3
25.5
28.0
+2.5
+10%
Japan
30.4
26.7
26.6
-0.0
-0%
Overseas
4.8
4.9
7.2
+2.3
+46%
Company-wide expenses
-6.9
-6.1
-5.9
+0.3
―
Ordinary income
29.0
26.8
29.7
+2.9
+11%
Profit attributable to owners
11.6
11.6
18.0
+6.4
+55%
of parent
Operating income ratio
5.3%
6.5%
6.9%
+0.4%
―
Results for FY2020 (after retrospective adjustments) are the figures after retrospective adjustments, excluding the Distribution Business.
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Kewpie Corporation published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 05:53:06 UTC.
Kewpie Corp is engaged in manufacture and sale of food products. The Company operates in six business segments. The Retail Market segment manufactures and sells mayonnaise, dressings, pasta sauces, delicatessen foods, packaged salads, baby foods, nursing care foods and others in the retail market. The Food Service segment manufactures and sells mayonnaise, dressings, vinegar, liquid eggs, frozen eggs, dried eggs, egg processed food and others in food service market. The Overseas segment manufactures and sells mayonnaise, dressings in China, Southeast Asia, North America markets. The Fruit Solutions segment manufactures and sells jams for household use and processed fruit products for industry use. The Fine Chemicals segment manufactures and sells hyaluronic acid and egg yolk lecithin as an ingredient for pharmaceuticals, cosmetics and foods. The Common segment sells food and food manufacturing machines.
KEWPIE CORPORATION 
