Nippn : Presentation Material May 23,20233,001KB

Code number: 2001

Briefing Session on Business Results for the Fiscal Year Ended March 31, 2023 (FY2023)

May 23, 2023

NIPPN CORPORATION

https://www.nippn.co.jp

Contents

Overview of Business Results for

1	FY2023 and FY2024 Performance
Forecasts	p. 3 -

2	Progress of NIPPN Group FY2023-2027
Medium-term Targets	p.16 -

３	Toward Sustainable Management	p.45 -

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Overview of Business Results for FY2023 and FY2024 Performance Forecasts

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Statements of Income

• Net sales increased, reflecting the implementation of sales price revisions in each business in response to rising prices of wheat and other raw materials, as well as recovery in demand, following the relaxation of restrictions on activities, and the growth of the frozen foods business.
• Despite an increase in strategic costs and soaring prices of raw materials and energy and various other costs, profit increased owing to the implementation of sales price revisions in line with costs, the impact of increased shipments reflecting the recovery in demand from the restaurant sector and demand for ready-made meals, and cost reduction thanks to improvement of productivity.

			FY2022	FY2023	YoY
			Result	% of net	Result	% of net	Change	Change (%)
		(Millions of yen)	sales	sales
		Flour Milling	96,934	30.2%	117,604	32.2%	20,669	21.3%
Net
	Food	185,911	57.9%	204,796	56.0%	18,885	10.2%
sales
	Other	38,471	12.0%	43,123	11.8%	4,652	12.1%
		Total	321,317	100.0%	365,525	100.0%	44,208	13.8%
		Flour Milling	6,211	6.4%	7,528	6.4%	1,316	21.2%
Operating income
	Food	4,068	2.2%	3,449	1.7%	(619)	(15.2)%
	Other	1,000	2.6%	1,308	3.0%	307	30.8%
		Total	11,282	3.5%	12,288	3.4%	1,006	8.9%
Ordinary income	14,270	4.4%	14,816	4.1%	545	3.8%
Profit attributable to owners	9,327	2.9%	10,260	2.8%	932	10.0%
of parent

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Trend of Raw Materials Prices, Energy Prices, etc.

• Although the wheat market has become more stable compared with the instability following the Russian invasion of Ukraine, wheat prices remain high. The Japanese government revised sales prices of imported wheat in April 2023 for the first time in 12 months and government sales prices of imported wheat were increased by 5.8% on average for the five key products.
• We will proceed with sales price revisions to reflect increases in prices of raw materials and energy, logistics costs, etc., while securing the understanding of customers.

Trends of Price Index, Wheat Price, etc.

		Consumer Price Index (index for the
		quarterly month-end with the index
		for CY2020 as 100)
Index		Government's selling price of
	imported wheat (weighted average of
		prices for 5 brands including tax)

Producer Price Index (index for the quarterly month-end with the index for CY2020 as 100)

US dollar/yen (period-end rate)

Power cost per unit (index with

FY2021 as 100)

Wheat selling

price (yen/t)

2Q FY2022		4Q FY2022		2Q FY2023		4Q FY2023

Source for Consumer Price Index: Ministry of Internal Affairs and Communications; Source for Producer Price Index and Exchange Rate: The Bank of Japan

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