Summary of Q&A for Results Briefing of the 2nd Quarter of Fiscal Year 2023 held on November 10, 2023
November 10, 2023
There was an outlook comment for FY23 that "we are forecasting conservatively," but I would like to know the details.
Please tell us about the outlook for achieving the targets for the final year of the medium-term business plan for FY24 and the risks and opportunities in each business.
It is challenging to predict the fishery market, but I would like to know how you see whether the risk of fish prices becomes even greater or bottoms out.
UniSea (the North American processing business) has been running a deficit despite taking an impairment loss in recent years to reduce fixed costs. I would like to know about future reform plans and measures.
In the trading business, profits have not fallen much in Europe but decreased in Japan. Is it possible to improve earnings in Japan through inventory control?
The profit margin of the domestic food business in the second quarter was high. Could you tell us about the factors? The annual profit margin declines in your forecast, but I would like to know its background and future sustainability.
Please tell us how much "thorough profit management of an individual product" contributed to profitability. I would like to know if there is any further enhancement in efficiency next year and the year after.
The cost of surimi ingredients is decreasing, but will the price of surimi processing products fall? Is maintaining profits by "thorough profit management of an individual product" possible?
What is the outlook for the chilled business? What will be the impact of the business integration with Gourmet Delica?
You expect international exports of high-purity EPA from the second half of next year, but I would like to know how much you assume the quantitative impact.