Summary of Q&A for Results Briefing of Fiscal Year 2021 held on May 19, 2022
May 19, 2022
Regarding the Marine Products business, the result of FY21 and FY22 plans show an operating profit of 12 billion yen, but do these revenues include the influence of solid market price, or is it due to the rise in the level of profit?
Regarding the Marine Products business, please tell us how the fish price rise does affect earnings?
Please tell us the situation of price transfer in the food business by area. Can you assume that each area's profitability and profit margins will return to the case before FY2019?
Regarding the plan for the food business, please tell us about the price increase situation and to what extent you intend to absorb the increased costs by raising the price.
It is said that the scale of cost increase in the food business in Japan is about 9 billion yen. However, looking at the rapid depreciation trend of the yen and the current environment, do you have any feeling that the cost is likely to rise a little more? Regarding cost increases, do you continuously have intentions to add expenses to the price?
Given that there are products that can be passed on to prices and products that do not, are you considering further strategic changes, such as product portfolio revisions?
I don't think it includes reducing the number of items or reducing manufacturing costs as a countermeasure against cost increases, but I would like to know your current thoughts on that.
In the food business, Nissui in the past tended to see a significant decline in profit without counteracting the cost increase with the effect of price increases, but this is not the case in FY2022. I would like you to tell us what is different from the past.
Regarding the food business overseas, please tell us about the difference in the effect of price increases in North America and Europe and the factors that cause cost increases to be missed in Europe.
I would like to ask you about details of the Q-dish as a new category. You have announced a plan to expand sales to about 10 billion yen in this category by 2030. Will it grow with the image of replacing existing frozen foods and chilled foods to some extent? In that case, is it correct to imagine that replacing products with higher added value will become a product that will increase the profit margin of the food business?
With regard to the fine chemical business, I would like to confirm the premise of each category in the FY2022 for the Nissui Non-Consolidated Business.
In considering business development, please tell us what values or basis would be essential for you. Let me know if any.