Increase in Food Business revenue

「As a result, segment revenue was ¥7,094 million, up 6.3% from the previous fiscal year, and segment profit was ¥1,536 million, down 1.6%.」

「As a result, segment revenue was ¥3,507 million, up 5.9% year on year, and segment profit was ¥787 million, down 1.1%.」

「Although the company worked to reduce manufacturing costs, segment revenue increased 7.8% year on year to ¥3,311 million, while segment profit declined 9.6% to ¥795 million. This resulted in higher revenue but lower profit, due to a decline in unit sales of core dressing products, a lower gross margin accompanying changes in the sales mix as the company developed and strengthened sales of the second and third core categories following the dressing category, and increased marketing expenses.」

「As a result, although demand for products for people recuperating at home from COVID-19 declined following the previous fiscal year's surge, the premium pasta AGNESI performed well, and the pasta category as a whole exceeded the previous fiscal year's sales.」

「In terms of profit, although the business was affected by soaring prices for key raw materials, the effects of price revisions and efforts to reduce manufacturing costs resulted in higher revenue and profit. Segment revenue was ¥4,657 million, up 3.0% year on year, and segment profit was ¥1,296 million, up 7.8%.」

「In terms of profit, although the business was affected by soaring prices for key raw materials, the effects of price revisions and efforts to reduce manufacturing costs resulted in higher revenue and profit. Segment revenue was ¥3,072 million, up 2.3% year on year, and segment profit was ¥880 million, up 6.9%.」

「In terms of profit, although the business was affected by soaring prices for key raw materials, the effects of price revisions and efforts to reduce manufacturing costs resulted in higher revenue and profit. Segment revenue was ¥1,519 million, up 2.2% year on year, and segment profit was ¥441 million, up 1.1%.」

「However, the food business as a whole reported lower revenue, as it was significantly affected by declining demand associated with weaker consumer sentiment and lower sales of its core dressings due to intensifying competition.」

「However, the Food Business as a whole reported lower revenue due largely to declining sales of its core dressing products amid intensifying competition. As a result, segment revenue was ¥3,087 million, down 7.1% year on year, and segment profit was ¥769 million, down 30.6%.」

「However, overall Food Business revenue declined substantially due to worsening market conditions, intensifying competition and the impact of lower sales following price revisions. As a result, segment revenue was ¥1,528 million, down 11.5% year on year, and segment profit was ¥409 million, down 34.5%.」

「As a result, segment revenue was ¥6,395 million, down 7.0% from the previous fiscal year, and segment profit was ¥1,920 million, down 17.3%. However, both sales and profit exceeded levels in the fiscal year ended March 2020, before the COVID-19 pandemic, and performance remained firm.」

「In the Food Business, we continued efforts to communicate product value and develop products in new categories, but revenue declined due to the fall in pasta-related category sales following the special at-home consumption demand caused by the spread of COVID-19 in the previous fiscal year.」

「In the Food Business, we continued efforts to communicate product value and develop products in new categories. Although the special demand for at-home consumption in the previous fiscal year had run its course and a subsequent decline was observed, we expect sales to remain firm.」

「As a result, segment revenue was ¥8,076 million, up 16.3% from the previous fiscal year, and segment profit was ¥2,323 million, up 26.5%.」

「In the Food Business, under this fiscal year's management policies of "sales method reforms aimed at communicating product value," "further growth of pasta-related category products as the second pillar" and "development of the soup category as the third pillar," we established new sales methods that emphasize product value and pursued revenue and profit growth. As a result, segment revenue was ¥6,257 million, up 19.8% year on year, and segment profit was ¥1,819 million, up 33.4%.」

「Under this fiscal year's management policies of "sales method reforms aimed at communicating product value," "further growth of pasta-related category products as the second pillar" and "development of the soup category as the third pillar," we established new sales methods that emphasize product value and pursued revenue and profit growth. As a result, segment revenue was ¥4,284 million, up 25.5% year on year, and segment profit was ¥1,261 million, up 45.0%.」

「Under this fiscal year's management policies of “sales-method reform aimed at communicating product value,” “further growth of pasta-related category products as the second pillar,” and “development of the soup category as the third pillar,” we established new sales methods and worked actively to expand sales.」

「Pasta category sales performed well above the previous year's level as a result of higher distribution of the bottled pasta sauce "Ouchi Pasta" series and stronger sales expansion of the retort pasta sauce "Yomenya Pietro" series. As a result, segment revenue was ¥6,947 million, up 0.2% from the previous fiscal year.」

「Under this fiscal year's management policies of "expanding sales in the pasta category" and "selecting and concentrating on the 280 ml dressing series," we worked to further strengthen sampling sales and expand shelf space for standard products, thereby pursuing proactive revenue growth. As a result, revenue was ¥5,222 million, down 2.8% year on year, and segment profit was ¥1,363 million, down 10.0%.」

「Under this fiscal year's management policies of "expanding sales in the pasta category" and "selecting and concentrating on the 280 ml dressing series," we worked to further strengthen sampling sales and expand shelf space for standard products, thereby pursuing proactive revenue growth. As a result, revenue was ¥3,414 million, down 6.0% year on year, and segment profit was ¥869 million, down 15.9%.」

「Under this fiscal year's management policies of "expanding sales in the pasta category" and "selecting and concentrating on the 280 ml dressing series," we worked to further strengthen sampling sales and expand shelf space for standard products, thereby pursuing proactive revenue growth. As a result, revenue was ¥1,776 million, down 5.1% year on year, and segment profit was ¥488 million, down 17.4%.」

「Pasta category revenue increased to 138.5% of the previous fiscal year's level. This was driven by the rebranded "Ouchi Pasta" series, as investment in television commercials and in-store promotions improved both distribution and product turnover, generating revenue equivalent to 207.6% of the previous fiscal year's level.」

「The pasta business comprises products that are not directly affected by soaring vegetable prices in the summer, and revenue increased to 158.3% of the previous year's level. This was driven by the rebranded "Ouchi Pasta" series, whose revenue rose to 246.0% of the previous year's level through proactive promotional campaigns linked to television commercials and other initiatives.」

「Under this fiscal year's management policies of "creating a new market with dressings and continuing to expand sales of existing products" and "strengthening the pasta business," we worked to further strengthen sampling sales and expand shelf space for standard products, thereby pursuing proactive revenue growth. In the dressing business, the main "Japanese Soy Sauce Dressing" product group (orange cap, green and light types) struggled amid soaring vegetable prices in the summer, but "Roasted Aromatic Sesame" and "Lemon and Onion" made significant contributions to revenue growth. Pasta business revenue increased to 145.0% of the previous year's level, while revenue from the "Ouchi Pasta" series rose to 213.5% of the previous year's level.」

「Through this fiscal year's management initiatives, including "creating a new market with dressings," "continuing to expand sales of existing products" and "strengthening the pasta business," we worked to further strengthen sampling sales and expand shelf space for standard products, thereby pursuing proactive revenue growth. As a result, revenue was ¥1,871 million, up 4.7% year on year.」

「For fiscal 2018, the Group identified increasing revenue in the Food Business, its earnings base, as its top priority and will also work to ensure that the Restaurant Business returns to profitability. To achieve these objectives, the Food Business will undertake the following initiatives to create new markets: 1. Expand its product price range by launching high-quality, high-priced products; 2. Strengthen the pasta business through the "Ouchi Pasta" series in addition to conventional pasta sauces; and 3. Expand partnerships with other companies.」