For the Six Months ended September 30, 2005
(*) 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, 2005 |
The Six Months ended Sept.
30, 2004 |
The Year ended March 31, 2005 |
| Sales |
263,928 |
257,611 |
510,889 |
| change from the previous year (%) |
2.5 |
4.3 |
- |
| Operating income |
6,067 |
6,038 |
12,221 |
| change from the previous year (%) |
0.5 |
31.3 |
- |
| Ordinary income |
6,085 |
6,040 |
12,615 |
| change from the previous year (%) |
0.8 |
58.5 |
- |
| Net income |
2,282 |
3,178 |
6,138 |
| change from the previous year (%) |
(28.2) |
57.8 |
- |
| Net income per chare |
8.25 yen |
11.49 yen |
21.50 yen |
 |
| Total assets |
353,086 |
333,802 |
331,519 |
| Total shareholders' equity |
95,093 |
82,560 |
88,505 |
| Equity per share |
343.85 yen |
298.37 yen |
319,28 yen |
|
| Dividend |
Interim 3.5 yen |
Interim 2.5 yen
|
6 yen
(Interim 2.5 yen, Final 3.5 yen) |
Overview of the Year
The Japanese economy during this interim period experienced improved
corporate profits accompanied by increased capital expenditure in the
private sector. The employment situation also showed signs of improvement,
and consumer spending increased gradually. On the global economic scene,
the economy continues to expand in the United States and in Asia led by
China, however, prospects remain uncertain due to factors such as the
soaring oil price.
In the industries in which the Company and its group of companies operate,
the business environment remained harsh, where the consumer price remained
sluggish whilst the raw material prices increased in the processed products
and the competition among companies intensified. In the United States
and Europe, the frozen food industry continued to be highly competitive,
however, the demand for marine products increased and the prices for surimi,
salmon and trout remained steady.
In this situation, the Company, together with its group of companies,
pressed forward with its medium-term management policy, termed the TGL
Plan (TGL being the acronym for Towards Global Links). In the field where
the corporate strengths have been most heavily accumulated, namely in
the field "to transform the marine resources into value for customers," producer
functions were further strengthened, and key production and sales locations
were more globalized. At the same time, efforts were made to strengthen
the quality assurance system so as to ensure delivery of safe products
that satisfy every one of our customers.
Consequently, the Marine product business remained steady, so did the
Foods business led by Fine products, however, frozen food and processed
food for home use in Japan and frozen ready-to-eat marine foods in North
America faced a hard time. As a result, the operating results for this
interim period were sales of 263,928 million yen (an increase of 6,316
million yen, or 2.5% from the same period of the previous year), and the
operating income was 6,067 million yen (an increase of 28 million yen,
or 0.5% from the same period of the previous year), and the ordinary income
was 6,085 million yen (an increase of 45 million yen, or 0.8% from the
same period of the previous year).
As for extraordinary gains and losses, profits on sale of fixed assets
and profits on sale of investment securities resulted in extraordinary
gains of 1,798 million yen. Extraordinary losses of 2,432 million yen
were reported in connection with the losses on sale of fixed assets and
depletion losses. As a result, the net profit for this interim period
was 2,282 million yen (an increase of 895 million yen, or 28.2% from the
same period of the previous year) .
(Reference) Forecast for the Year ending March 31, 2005, Consolidated
Million yen
| [Consolidated] |
Sales |
Ordinary income |
Net income |
| The Year ending March 31, 2006 |
535,000 |
14,000 |
6,500 |
* Revised on November 18, 2005
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.
The past data should look at IR
Library. IR
Library
