Reducing inventory, time and costs through zero-based thinking

「As a result, revenue was ¥11,486 million, down 15.8% year on year. In terms of earnings, segment profit (operating profit) was ¥1,067 million, up 39.9% year on year, owing to improved margins resulting from more efficient procurement of raw materials for aquaculture feed and improved productivity.」

「In terms of earnings, segment profit (operating profit) was ¥1,661 million, up 77.1% from the previous fiscal year, owing to increased sales volume of aquaculture feed and improved production efficiency, among other factors.」

「In terms of earnings, segment profit (operating profit) was ¥802 million, up 66.6% from the previous fiscal year, partly because the company pursued price revisions and manufacturing and sales focused on profitability.」

「In terms of earnings, segment profit (operating profit) was ¥808 million, up 101.3% year on year, partly because the company pursued price revisions and manufacturing and sales focused on profitability.」

「In terms of earnings, segment profit (operating profit) was ¥314 million, compared with segment profit of ¥3 million in the same period of the previous year, partly because the company worked to focus manufacturing and sales on profitability.」

「Although price revisions have not kept pace with increases in raw material prices and energy costs, segment profit (operating profit) was ¥481 million, up 37.0% from the previous fiscal year, owing to improved production efficiency and increased sales volume of functional foods, among other factors.」

「From the current fiscal year, we integrated the “Marine Products and Functional Foods Division” and the “Livestock Foods Division” into the “Functional and Food Products Division” to reduce costs through more efficient administrative, planning and development operations, make more effective use of personnel and assets, and accelerate decision-making. We are also advancing efficiency improvements through the reorganization of the production systems at 3 plants: the Shimonoseki Plant, Miyakonojo Plant and 3 plants of Hayashikane Foods Corporation.」

「Against this backdrop, consolidated results in the first year of the “New Medium-Term Management Plan <Challenge> challenge2022” were broadly in line with plan in terms of earnings, as the decline in sales volume of processed meat products caused by lower demand for eating out was offset by increased sales volume of prepared foods resulting from stronger stay-at-home demand and lower fixed costs.」

「In terms of earnings, operating profit was ¥628 million, up 9.2% year on year, partly because selling, general and administrative expenses declined.」

「In terms of earnings, operating profit was ¥191 million, up 23.8% year on year, partly because fixed costs declined. Ordinary profit was ¥269 million, up 20.9% year on year, owing to an improvement in non-operating income and expenses. Net profit attributable to owners of the parent was ¥163 million, up 55.5% year on year.」

「Fish-paste products recorded higher revenue and profit, owing to price revisions aimed at improving profitability, increased exports and productivity improvements resulting from changes to the equipment layout.」

「Group revenue for the fiscal year was ¥45,235 million, down 6.2% year on year, mainly because sales of aquaculture feed and meat products declined. In terms of earnings, operating profit was ¥1,138 million, up 39.0% year on year, and ordinary profit was ¥1,099 million, up 55.6% year on year, owing to stable prices for key raw materials.」

「As a result, revenue was ¥18,997 million, down 9.6% year on year. In terms of earnings, segment profit (operating profit) was ¥1,413 million, up 48.4% year on year, partly because raw material prices remained stable and the company worked to improve productivity and reduce costs.」

「In the Feed Business, revenue declined because of lower prices for aquaculture feed and a decrease in export volume due to foreign-exchange effects. In terms of earnings, segment profit (operating profit) was ¥1,449 million, up 30.5% year on year, partly because the company worked to improve productivity and reduce costs.」

「In livestock feed, revenue declined because the company reduced prices in response to lower raw material prices. As a result, revenue was ¥10,005 million, down 5.2% year on year. In terms of earnings, segment profit (operating profit) was ¥800 million, up 9.1% year on year, partly because the company worked to improve productivity.」

「Under the principle of “minimizing expenses,” we reviewed operations from a zero-based perspective, worked to reduce inventory, shorten processing times and improve productivity, and pursued company-wide cost reductions.」