FY2017 First-Quarter Revenue and Profit Results

「For the fiscal year, revenue was ¥23,238 million, an increase of ¥2,173 million, or 10.3%, from the previous fiscal year. Despite higher personnel costs and persistently elevated energy costs, increased revenue and an improved manufacturing cost ratio lifted operating profit to ¥2,649 million, up ¥921 million, or 53.3%. Ordinary profit was ¥2,673 million, up ¥945 million, or 54.7%, and net profit for the year was ¥1,921 million, up ¥419 million, or 27.9%.」

「As a result, revenue for the six-month interim accounting period increased ¥1,097 million, or 10.6%, from the previous interim accounting period to ¥11,498 million. Despite increases in personnel expenses and other costs, operating income was ¥1,285 million, up ¥477 million, or 59.2%; ordinary income was ¥1,285 million, up ¥476 million, or 58.9%; and interim net income was ¥889 million, up ¥329 million, or 58.8%.」

「For the fiscal year, revenue was ¥21,064 million, an increase of ¥2,063 million, or 10.9%, from the previous fiscal year. Due to higher raw material prices, operating profit was ¥1,727 million, down ¥351 million, or 16.9%. Ordinary profit was ¥1,727 million, down ¥348 million, or 16.8%. Net profit for the year was ¥1,502 million, up ¥26 million, or 1.8%, due to subsidy income.」

「As a result, revenue for the interim accounting period was ¥10,400 million, an increase of ¥828 million, or 8.7%, from the previous interim accounting period. Due to higher raw material prices, a weaker yen, and surging energy prices, manufacturing costs rose. Operating profit was ¥807 million, down ¥467 million, or 36.7%, from the previous interim accounting period. Ordinary profit was ¥809 million, down ¥464 million, or 36.5%, and interim net profit was ¥559 million, down ¥333 million, or 37.3%.」

「As a result, revenue for the fiscal year was ¥19,001 million, an increase of ¥2,822 million, or 17.4%, from the previous fiscal year. Operating profit was ¥2,079 million, up ¥1,039 million, or 100.0%. Ordinary profit was ¥2,076 million, up ¥1,015 million, or 95.7%, and net profit for the year was ¥1,476 million, up ¥673 million, or 84.0%.」

「As a result, revenue for the cumulative third quarter was ¥14,381 million, an increase of ¥2,387 million, or 19.9%, from the same quarter of the previous year, with all plants reporting increases from the previous year. Operating profit was ¥1,774 million, up ¥1,006 million, or 131.1%. Ordinary profit was ¥1,772 million, up ¥981 million, or 124.0%, and net profit for the quarter was ¥1,269 million, up ¥640 million, or 101.8%.」

「As a result, revenue for the cumulative second quarter was ¥9,571 million, an increase of ¥1,733 million, or 22.1%, from the same quarter of the previous year. Operating profit was ¥1,274 million, up ¥770 million, or 152.6%. Ordinary profit was ¥1,274 million, up ¥752 million, or 144.3%, and net profit for the quarter was ¥893 million, up ¥540 million, or 153.4%.」

「As a result, revenue for the cumulative first quarter was ¥4,400 million, an increase of ¥855 million, or 24.1%, from the same period of the previous year. Revenue growth, lower manufacturing costs, and expense reductions lifted operating profit to ¥414 million, up ¥264 million, or 176.3%. Ordinary profit was ¥413 million, up ¥265 million, or 179.1%, and net profit for the quarter was ¥309 million, up ¥203 million, or 193.9%.」

「Sales of products using domestically produced soybeans were strong, and revenue for the fiscal year was ¥16,178 million, an increase of ¥2,366 million, or 17.1%, from the previous fiscal year. Operating profit was ¥1,039 million, up ¥136 million, or 15.2%. Ordinary profit was ¥1,061 million, up ¥158 million, or 17.5%. Net profit for the year was ¥802 million, up ¥195 million, or 32.3%, partly due to subsidy income from the Ministry of Agriculture, Forestry and Fisheries' Import Wheat and Other Food Raw Material Price Surge Emergency Response Program.」

「As a result, sales of products using domestically produced soybeans were strong across all plants, and revenue for the cumulative third quarter was ¥11,993 million, an increase of ¥1,568 million, or 15.0%, from the same quarter of the previous year. Operating profit was ¥768 million, down ¥13 million, or 1.8%, from the same quarter of the previous year. Ordinary profit was ¥790 million, up ¥7 million, or 1.0%. Net profit for the quarter was ¥629 million, up ¥112 million, or 21.7%, partly due to subsidy income from the Ministry of Agriculture, Forestry and Fisheries' Import Wheat and Other Food Raw Material Price Surge Emergency Response Program.」

「As a result, revenue for the first six months of the fiscal year was ¥7,838 million, an increase of ¥903 million, or 13.0%, from the same period of the previous fiscal year. Operating income was ¥504 million, down ¥57 million, or 10.2%; ordinary income was ¥521 million, down ¥47 million, or 8.4%; and quarterly net income was ¥352 million, down ¥23 million, or 6.2%.」

「As a result, revenue for the cumulative first quarter was ¥3,545 million, an increase of ¥291 million, or 8.9%, from the same period of the previous year. Although the Company worked to reduce manufacturing costs and expenses, operating profit was ¥150 million, down ¥30 million, or 17.0%, from the same period of the previous year. Ordinary profit was ¥148 million, down ¥38 million, or 20.7%, and net profit for the quarter was ¥105 million, down ¥17 million, or 14.1%.」

「As a result, revenue for the fiscal year was ¥13,811 million. Active sales efforts in the Kanto region produced results and increased sales at the Fujisanroku Plant. Operating profit was ¥902 million, up ¥170 million, or 23.2%, from the previous fiscal year. Ordinary profit was ¥903 million, up ¥156 million, or 21.0%, and net profit for the year was ¥606 million, up ¥95 million, or 18.7%.」

「As a result, revenue for the cumulative third quarter was ¥10,425 million. Active sales efforts in the Kanto region produced results and increased sales at the Fujisanroku Plant. Operating profit was ¥782 million, up ¥220 million, or 39.2%, from the same period of the previous year. Ordinary profit was ¥783 million, up ¥207 million, or 36.1%, and net profit for the quarter was ¥516 million, up ¥125 million, or 32.2%.」

「As a result, revenue for the cumulative second quarter was ¥6,934 million. Active sales efforts in the Kanto region produced results and increased sales at the Fujisanroku Plant. Operating profit was ¥562 million, up ¥192 million, or 52.2%, from the same period of the previous year. Ordinary profit was ¥569 million, up ¥186 million, or 48.8%, and net profit for the quarter was ¥376 million, up ¥115 million, or 44.1%.」

「As a result, revenue for the cumulative first quarter was ¥3,254 million. Active sales efforts in the Kanto region produced results and increased sales at the Fujisanroku Plant. Operating profit was ¥180 million, up ¥132 million, or 276.8%, from the same period of the previous year. Ordinary profit was ¥186 million, up ¥123 million, or 194.3%, and net profit for the quarter was ¥122 million, up ¥77 million, or 171.2%.」

「As a result, revenue for the fiscal year was ¥13,619 million, an increase of ¥974 million, or 7.7%, from the previous fiscal year. Despite fixed-cost burdens at the Fujisanroku Plant, lower manufacturing costs lifted operating profit to ¥732 million, up ¥369 million, or 102.0%. Ordinary profit was ¥746 million, up ¥336 million, or 82.1%. Net profit for the year was ¥511 million.」

「As a result, revenue for the cumulative third quarter was ¥10,243 million, an increase of ¥992 million, or 10.7%, from the same period of the previous year. Despite fixed-cost burdens at the Fujisanroku Plant, lower manufacturing costs lifted operating profit to ¥561 million, up ¥243 million, or 76.6%, from the same period of the previous year. Ordinary profit was ¥575 million, up ¥217 million, or 60.6%, and net profit for the quarter was ¥390 million, up ¥134 million, or 52.4%.」

「As a result, revenue for the cumulative second quarter was ¥6,888 million, an increase of ¥855 million, or 14.2%, from the same period of the previous year. Despite fixed-cost burdens at the Fujisanroku Plant, lower manufacturing costs lifted operating profit to ¥369 million, up ¥144 million, or 64.1%, from the same period of the previous year. Ordinary profit was ¥382 million, up ¥149 million, or 64.0%, and net profit for the quarter was ¥260 million, up ¥98 million, or 60.8%.」

「As a result, net sales for the cumulative first quarter amounted to ¥3,260 million, an increase of ¥467 million, or 16.7%, from the same period of the previous year. Although profit was affected by the fixed-cost burden of the Fujisanroku Plant and higher freight costs, including increased packaging and shipping expenses, lower manufacturing costs resulted in operating profit of ¥48 million, up ¥5 million, or 14.0%, from the same period of the previous year. Ordinary profit was ¥63 million, up ¥12 million, or 24.9%, and quarterly net profit was ¥45 million, up ¥9 million, or 26.9%.」

「As a result, revenue for the fiscal year was ¥12,644 million, an increase of ¥1,763 million, or 16.2%, from the previous fiscal year. Operating profit was ¥362 million, down ¥579 million, or 61.5%, from the previous fiscal year. Ordinary profit was ¥409 million, down ¥566 million, or 58.0%. Net profit for the year was ¥814 million, an increase of ¥129 million, or 19.0%, due to subsidy income related to the construction of the Fujisanroku Plant.」

「As a result, revenue for the cumulative third quarter was ¥9,250 million, an increase of ¥1,031 million, or 12.5%, from the same period of the previous year. Operating profit was ¥318 million, down ¥449 million, or 58.6%, from the same period of the previous year. Ordinary profit was ¥358 million, down ¥425 million, or 54.3%, and net profit for the quarter was ¥256 million, down ¥268 million, or 51.1%. These declines reflected factors including higher freight and packing costs due to rising transportation costs, increased depreciation resulting from operation of the Fujisanroku Plant, and fixed-cost burdens such as personnel and utility costs at the Fujisanroku Plant.」

「As a result, revenue for the cumulative second quarter was ¥6,033 million, an increase of ¥550 million, or 10.0%, from the same period of the previous year. Operating profit was ¥225 million, down ¥283 million, or 55.7%, from the same period of the previous year. Ordinary profit was ¥233 million, down ¥277 million, or 54.3%, and net profit for the quarter was ¥162 million, down ¥177 million, or 52.3%. These declines reflected factors including higher freight and packing costs due to rising transportation costs, increased depreciation resulting from partial operation of the Fujisanroku Plant, and fixed-cost burdens such as personnel and utility costs at the Fujisanroku Plant.」

「As a result, for the cumulative first quarter ended [current period], net sales were ¥2,793 million, an increase of ¥321 million (13.0%) from the previous year. Due partly to higher utility costs and higher freight and packaging costs associated with rising transportation costs, operating profit was ¥42 million, a decrease of ¥111 million (72.5%) from the previous year, ordinary profit was ¥50 million, a decrease of ¥115 million (69.5%), and quarterly net profit was ¥35 million, a decrease of ¥75 million (68.1%).」

「As a result, for the fiscal year, net sales were ¥10,881 million, an increase of ¥382 million (3.6%) from the previous year. Despite the impact of higher freight and packaging costs due to rising transportation costs, higher personnel expenses to improve employee compensation and other factors, operating profit was ¥941 million, a decrease of ¥41 million (4.2%) from the previous year, ordinary profit was ¥976 million, a decrease of ¥19 million (2.0%), and net profit was ¥684 million, an increase of ¥37 million (5.8%).」

「As a result, for the cumulative third quarter ended [current period], net sales were ¥8,218 million, an increase of ¥290 million (3.7%) from the same quarter of the previous year. Although freight and packaging costs increased due to higher transportation costs and other factors, operating profit was ¥768 million, an increase of ¥24 million (3.3%), ordinary profit was ¥783 million, an increase of ¥41 million (5.6%), and quarterly net profit was ¥524 million, an increase of ¥44 million (9.3%), as capital investment improved production efficiency and helped contain the increase in cost of sales.」

「As a result, for the cumulative second quarter ended [current period], net sales were ¥5,482 million, an increase of ¥201 million (3.8%) from the previous year. Despite the impact of higher freight and packaging costs due to rising transportation costs and higher depreciation and amortization following the start-up of the variety line at the Head Office Plant and the 6B tofu line at the Kansai Plant, operating profit was ¥508 million, an increase of ¥10 million (2.2%) from the previous year. Ordinary profit was ¥510 million, an increase of ¥15 million (3.2%), due mainly to higher subsidy income, and quarterly net profit was ¥340 million, an increase of ¥21 million (6.8%).」

「As a result, for the cumulative first quarter ended [current period], net sales were ¥2,471 million, an increase of ¥42 million (1.7%) from the previous year. Due partly to higher freight and packaging costs caused by rising transportation costs and temporary expenses associated with a market change, operating profit was ¥153 million, a decrease of ¥22 million (13.0%) from the previous year, ordinary profit was ¥166 million, a decrease of ¥9 million (5.3%), and quarterly net profit was ¥111 million, roughly unchanged from the previous year.」

「As a result, for the fiscal year, net sales were ¥10,499 million, an increase of ¥705 million (7.2%) from the previous year. Despite the impact of higher freight and packaging costs due to rising transportation costs, higher labor costs resulting from efforts to improve employee compensation and other factors, operating profit was ¥983 million, an increase of ¥40 million (4.3%) from the previous year, ordinary profit was ¥996 million, an increase of ¥55 million (5.9%), and net profit was ¥646 million, an increase of ¥16 million (2.6%).」

「As a result, for the cumulative third quarter ended [current period], net sales were ¥7,928 million, an increase of ¥522 million (7.1%) from the same quarter of the previous year. Operating profit was ¥743 million, an increase of ¥2 million (0.3%) from the same quarter of the previous year, and ordinary profit was ¥742 million, an increase of ¥3 million (0.5%), despite the impact of higher freight and packaging costs due to rising transportation costs, higher labor costs resulting from efforts to improve employee compensation, higher depreciation and amortization and other factors. Quarterly net profit was ¥480 million, a decrease of ¥11 million (2.2%).」

「As a result, for the cumulative second quarter ended [current period], net sales were ¥5,281 million, an increase of ¥350 million (7.1%) from the same quarter of the previous year. Although depreciation and amortization increased in connection with capital investment to acquire new business partners, freight and packaging costs rose due to higher transportation costs, and labor costs increased as a result of efforts to improve employee compensation, operating profit was ¥497 million, an increase of ¥24 million (5.1%) from the same quarter of the previous year, ordinary profit was ¥494 million, an increase of ¥26 million (5.6%), and quarterly net profit was ¥318 million, an increase of ¥6 million (2.1%).」

「As a result, for the cumulative first quarter ended [current period], net sales were ¥2,429 million, an increase of ¥117 million (5.1%) from the same quarter of the previous year. As for profit, operating profit was ¥176 million, a decrease of ¥7 million (4.2%) from the same quarter of the previous year, ordinary profit was ¥175 million, a decrease of ¥6 million (3.7%), and quarterly net profit was ¥110 million, a decrease of ¥10 million (8.7%). This was due mainly to higher depreciation and amortization associated with capital investment to acquire new business partners, higher labor costs resulting from efforts to improve employee compensation and other factors.」

「As a result, for the fiscal year, net sales were ¥9,793 million, up 3.3% year on year. Each profit measure declined due mainly to increases in depreciation and amortization, selling commissions and other factors: operating profit was ¥942 million, down 9.0% year on year; ordinary profit was ¥940 million, down 9.3%; and net profit was ¥630 million, down 10.4%.」

「As a result, for the cumulative third quarter ended [current period], net sales were ¥7,405 million, an increase of ¥282 million (4.0%) from the same period of the previous year. As for profit, operating profit was ¥741 million, a decrease of ¥103 million (12.2%) from the same period of the previous year, ordinary profit was ¥738 million, a decrease of ¥106 million (12.6%), and quarterly net profit was ¥491 million, a decrease of ¥106 million (17.8%), due mainly to increases in capital investment, selling commissions and other factors.」

「As a result, for the cumulative second quarter ended [current period], net sales were ¥4,931 million, operating profit was ¥473 million, ordinary profit was ¥468 million and quarterly net profit was ¥311 million.」

「As a result, for the cumulative first quarter ended [current period], net sales were ¥2,312 million, operating profit was ¥184 million, ordinary profit was ¥182 million and quarterly net profit was ¥121 million.」