For the Six Months ended September 30, 2006
(*) 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, 2006 |
The Six Months ended Sept.
30, 2005 |
The Year
ended March 31, 2006 |
| Sales |
281,047 |
263,928 |
539,653 |
| change from the previous year (%) |
6.5 |
2.5 |
- |
| Operating income |
8,456 |
6,067 |
11,163 |
| change from the previous year (%) |
39.4 |
0.5 |
- |
| Ordinary income |
8,118 |
6,085 |
11,888 |
| change from the previous year (%) |
33.4 |
0.8 |
- |
| Net income |
3,702 |
2,282 |
6,700 |
| change from the previous year (%) |
62.2 |
(28.2) |
- |
| Net income per chare |
13.39 yen |
8.25 yen |
23.60 yen |
 |
| Total assets |
404,606 |
353,086 |
384,819 |
| Total shareholders' equity |
117,280 |
95,093 |
105,863 |
| Equity per share |
368.94 yen |
343.85 yen |
382.20 yen |
|
| Dividend |
Interim 4 yen
Dividend Increase (0.5 yen) |
Interim 3.5 yen |
7 yen
(Interim 3.5 yen, Final 3.5 yen) |
Overview of the Year
The Japanese economy experienced recovery during this interim period,
as corporate profits continued to improve and capital investment continued
to increase in the private sector. However, there are still concerns over
the surge in raw materials prices including crude oil and the hike in
interest rates. In the global economic scene, the United States enjoyed
economic expansion despite the diminishing rate of increase in consumer
spending, etc., while Asia also experienced economic growth, led by China.
In the industries in which the Company and its subsidiaries and affiliates
operate, the business environment in Japan was tough in that fierce price
competition continued among mass retailers, etc., while seafood prices
were high due to the increase in seafood demand on a global scale and
raw materials prices for processed products surged. In the United States
and Europe, the business environment was characterized by the steady price
of white fish, etc. underpinned by expanding consumption, while competition
continued in the U.S. market for ready-to-eat frozen seafood products.
Under these circumstances, the Company and its subsidiaries and affiliates
started making efforts under the new medium-term management policy named
the New TGL (True Global Links) Plan, which is aimed at pursuing the advancement
and sophistication of business segments, and are promoting higher profitability
in their business structures.
Consequently, operating results for this interim period were sales in
the amount of 281,047 million yen (an increase of 17,118 million yen or
6.5% over the previous year, accounting for 51.6% of the annual target),
operating income was 8,456 million yen (an increase of 2,388 million yen
or 39.4 % over the previous year, accounting for 45.7% of the annual target),
and ordinary income was 8,118 million yen (an increase of 2,032 million
yen or 33.4% over the previous year, accounting for 47.8% of the annual
target), thanks to the increase in sales of consumer products and chilled
foods businesses in Japan and ready-to-eat frozen seafood products, etc.
in North America.
As for extraordinary gains and losses, extraordinary gains in the amount
of 618 million yen was declared, while extraordinary losses in the amount
of 1,844 million yen was declared including the costs of integrating the
businesses of affiliates and losses on the disposal of property, plant
and equipment. As a result, interim net income was 3,702 million yen (an
increase of 1,419 million yen or 62.2 % over the previous year, accounting
for 41.1% of the annual target).
(Reference) Forecast for the Year ending March 31, 2007, Consolidated
Million yen
| [Consolidated] |
Sales |
Ordinary income |
Net income |
| The Year ending March 31, 2007 |
545,000 |
17,000 |
9,000 |
|
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
