For the Six Months ended September 30, 2004
(*) Qualification: This is directly translated into English for the
convenience of readers, and all financial results with the accounting
principles generally accepted in Japan.
Million yen
| [Consolidated] |
The Six Months ended Sept. 30, 2004 |
The Six Months ended Sept. 30, 2003 |
The Year ended March 31, 2004 |
| Sales |
257,611 |
246,879 |
494,644 |
| change from the previous year (%) |
4.3 |
(2.6) |
- |
| Operating income |
6,038 |
4,582 |
10,183 |
| change from the previous year (%) |
31.8 |
(38.3) |
- |
| Ordinary income |
6,040 |
3,810 |
8,643 |
| change from the previous year (%) |
58.5 |
(44.5) |
- |
| Net income |
3,178 |
2,016 |
3,117 |
| change from the previous year (%) |
57.7 |
(10.6) |
- |
| Net income per chare |
11.49 yen |
7.28 yen |
10.66 yen |
 |
| Total assets |
333,802 |
336,143 |
326,224 |
| Total shareholders' equity |
82,560 |
78,221 |
81,590 |
| Equity per share |
298.37 yen |
282.59 yen |
294.21 yen |
|
| Dividend |
Interim 2.5 yen |
Interim 2.5 yen
|
5 yen
(Interim 2.5 yen, Final 2.5 yen) |
Overview of the Year
The Japanese economy was on course for recovery during the current consolidated
fiscal year (from April 1, 2004 to September 30, 2004), due to improvements
in corporate earnings driven by the increase in both exports and capital
investment, in addition to signs of recovery in consumer spending. As
for the global economy, the United States continued to experience economic
expansion, owing to the increase in production and solid consumer spending.
In the industries in which the Company and its subsidiaries and affiliates
operate, consumer prices remained depressed, and the remarkable disaster
such as hot summer and typhoons brought an impact on its business in Japan.
In the United States, competition in the frozen foods market remained
fierce, and surimi prices declined.
Under these circumstances, the Company and its subsidiaries and affiliates
collectively pressed forward with the medium-term management policy named
the Toward Global Links (TGL) Plan. We also globalized our production
bases by further enhancing our manufacturing functions in "creating customer-oriented
value from marine resources"-a field in which we have built our strengths
to the highest degree-and made efforts to reinforce our quality assurance
system to ensure the delivery of safe products that satisfy each and every
customer.
Consequently, our operating results for the six months ended September
30, 2004 were: sales in the amount of 257,611 million yen, up 10,732 million
yen (4.3%) year-on-year; operating income of 6,038 million yen, up 1,456
million yen (31.8%); and ordinary income of 6,040 million yen, up 2,229
million (58.5%). These results were attributable to the expansion of the
chilled foods business and the steady performance of frozen ready-to-eat
foods and canned foods targeted at households, which offset the tough
business climate faced by the Marine Products business.
As for extraordinary gains and losses, we declared a gain on the sale
of property, plant and equipment in the amount of 293 million yen as an
extraordinary gain, and a loss on the disposal of property, plant and
equipment of 880 million yen as an extraordinary loss. As a result, net
income for the six months was 3,178 million yen, up 1,162 million (57.7%)
from the previous corresponding period.
(Reference) Forecast for the Year ending March 31, 2005, Consolidated
Million yen
| [Consolidated] |
Sales |
Ordinary income |
Net income |
| The Year ending March 31, 2005 |
510,000 |
14,000 |
5,000 |
* Revised on November 17, 2004
The forecast above is based on information available
on the issuing date of this report. Accordingly, the final results will
be changed due to various unknown factors. Also plese refer to the Company's
cautinary note on forward-looking statements on the attachment file below
(on the page of "10 (Consolidated").
The past data should look at IR
Library. IR
Library
