Fiscal 2026 interim results report | NISSIN FOODS HOLDINGS CO.,LTD. (2897) timely disclosure

Worth reading

65In focus

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

355

¥100 million (year-on-year increase in revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Earnings presentationFirst half of fiscal 2026 (interim period of the fiscal year ending March 2027)10 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥4,087 billion+9.5%

Operating profit¥328 billion+3.0%

Net income¥220 100 million -2.5%interim profit attributable to owners of the parent

Operating profit margin8 %

Full-year earnings forecast

Revenue

¥8,600 billion

Core operating profit from existing businesses

¥735 billion

Operating profit

660～695

Profit attributable to owners of the parent

455～480

EPS

159～167

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

The domestic instant noodles business was assessed as having delivered "strategic results above plan." For the consolidated group as a whole, the company stated that it aims to achieve its initial full-year forecast of ¥73.5 billion for core operating profit from existing businesses.

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Core operating profit from existing businesses

Previous period¥348 billion

Domestic Revenue / Selling Expense Ratio¥116 billion

Domestic Cost of Sales / Logistics Expense Ratio¥-86 billion

Domestic Fixed Costs¥-22 billion

Overseas Revenue / Selling Expense Ratio¥44 billion

Overseas Cost of Sales / Logistics Expense Ratio¥-31 billion

Overseas Fixed Costs¥-24 billion

Equity-Method Income+8 equivalent (as shown in the chart)

OtherAs shown in the chart

Impact of the situation in the Middle East

Raw Materials and Packaging¥61 100 million first half

Utilities¥6 100 million first half

Logistics Costs¥8 100 million first half

Total¥61 100 million first half

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

USDJPY155 Yen/US dollar
Crude oil90 USD／bbl

New initiatives

BOLD series rollout in the United States, Brazil, and Europe
Launch of BOLD bag noodles in the United States and BOLD cup noodles and bag noodles in Brazil
Strengthening the organization and human resources and reforming marketing for the domestic non-instant noodles business
Review of the investment scope for the Tsukuba-Mirai plant and other facilities
Review of renewal investment at the Nissin Cisco Osaka plant and consolidation at the Tokyo plant
European Nissin's expansion investment changed from building its own second plant to M&A (asset acquisition) in Turkey
Product portfolio reform and cross-group promotions in the frozen foods business

Key KPIsA metric the company considers important as a management benchmark.

US dollar/yen exchange rate159.37 Yen/US dollar
Year-ago period146.04
South America region core operating margin8.8 %
Year-ago period7.2
Year on year against the same period last year+1.6%
China region core operating margin10.8 %
Year-ago period11.5
Frozen noodles market shareNo.1
Frozen foods market growth rate3.8 CAGR%
Operating margin of 8 leading frozen food manufacturers4.6 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

US volumeDown mid-single digits
Mexico volume+mid-single digits
Brazil volume+low single digits
Mainland China volume+high single digits
Hong Kong and other markets volumeDown low-single digits

Segment results

Domestic instant noodle business

Revenue

¥1,402 billion+3.0%

Core operating profit

¥187 billion+1.6%

Domestic non-instant noodle business

Revenue

¥1,051 billion+5.7%

Core operating profit

¥87 billion+6.3%

Overseas Business

Revenue

¥1,578 billion+18.4%

Core operating profit

¥154 billion+6.0%

Domestic Operations

Revenue

¥2,453 billion+4.1%

Core operating profit

¥275 billion+3.1%

Other Businesses

Revenue

¥56 billion+30.6%

Core operating profit

¥4 billion+79.3%

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Approximately ¥17 billionfull year

DetailsHigher costs for raw materials and packaging materials, utilities, and logistics resulting from the situation in the Middle East

Market Size / Share

Frozen foods market growth rate3.8 CAGR 2022 to 2025 monetary value
Frozen noodles market shareNo.1

Three months of the current quarter

Core operating profit from existing businesses

¥197 billion+13.5%

Core operating profit from existing businesses

¥168 billion-3.7%

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	First half of fiscal 2026 (interim period of the fiscal year ending March 2027)
Net Sales	¥4,087 billion (YoY +9.5%)
Operating profit	¥328 billion (YoY +3.0%)
Net income	¥220 100 million (interim profit attributable to owners of the parent) (YoY -2.5%)
Operating profit margin	8 %
Three months of the current quarter	Q1 Revenue Not disclosed / Core operating profit from existing businesses ¥197 billion (YoY +13.5%) / Q2 Revenue Not disclosed / Core operating profit from existing businesses ¥168 billion (YoY -3.7%)
Full-year earnings forecast	Revenue ¥8,600 billion / Core operating profit from existing businesses ¥735 billion / Operating profit 660～695 / Profit attributable to owners of the parent 455～480 / EPS 159～167
Self-assessment against the plan	The domestic instant noodles business was assessed as having delivered "strategic results above plan." For the consolidated group as a whole, the company stated that it aims to achieve its initial full-year forecast of ¥73.5 billion for core operating profit from existing businesses.
Segment results	Domestic instant noodle business Revenue ¥1,402 billion (YoY +3.0%) / Core operating profit ¥187 billion (YoY +1.6%) / Domestic non-instant noodle business Revenue ¥1,051 billion (YoY +5.7%) / Core operating profit ¥87 billion (YoY +6.3%) / Overseas Business Revenue ¥1,578 billion (YoY +18.4%) / Core operating profit ¥154 billion (YoY +6.0%) / Domestic Operations Revenue ¥2,453 billion (YoY +4.1%) / Core operating profit ¥275 billion (YoY +3.1%) / Other Businesses Revenue ¥56 billion (YoY +30.6%) / Core operating profit ¥4 billion (YoY +79.3%)
Breakdown of Factors Affecting the Change	Core operating profit from existing businesses Previous period ¥348 billion / Domestic Revenue / Selling Expense Ratio ¥116 billion / Domestic Cost of Sales / Logistics Expense Ratio ¥-86 billion / Domestic Fixed Costs ¥-22 billion / Overseas Revenue / Selling Expense Ratio ¥44 billion / Overseas Cost of Sales / Logistics Expense Ratio ¥-31 billion / Overseas Fixed Costs ¥-24 billion / Equity-Method Income +8 equivalent (as shown in the chart) / Other As shown in the chart / Impact of the situation in the Middle East Raw Materials and Packaging ¥61 100 million (first half) / Utilities ¥6 100 million (first half) / Logistics Costs ¥8 100 million (first half) / Total ¥61 100 million (first half)
Key KPIs	Indicator name US dollar/yen exchange rate / Value 159.37 Yen/US dollar / Year-ago period 146.04 Yen/US dollar, Indicator name South America region core operating margin / Value 8.8 % / Year-ago period 7.2 % / Year on year against the same period last year 1.6 %, Indicator name China region core operating margin / Value 10.8 % / Year-ago period 11.5 %, Indicator name Frozen noodles market share / Value No.1, Indicator name Frozen foods market growth rate / Value 3.8 CAGR（%）, Indicator name Operating margin of 8 leading frozen food manufacturers / Value 4.6 %
Unit price and quantity metrics	Indicator name US volume / Value Down mid-single digits, Indicator name Mexico volume / Value +mid-single digits, Indicator name Brazil volume / Value +low single digits, Indicator name Mainland China volume / Value +high single digits, Indicator name Hong Kong and other markets volume / Value Down low-single digits
Assumptions Underlying the Business Outlook	Item USDJPY / Value 155 Yen/US dollar, Item Crude oil / Value 90 USD／bbl
Risk amount incorporated into the outlook	Details Higher costs for raw materials and packaging materials, utilities, and logistics resulting from the situation in the Middle East / Amount Approximately ¥17 billion
Market Size / Share	Item Frozen foods market growth rate / Value 3.8 CAGR (2022 to 2025 monetary value), Item Frozen noodles market share / Value No.1
New initiatives	BOLD series rollout in the United States, Brazil, and Europe, Launch of BOLD bag noodles in the United States and BOLD cup noodles and bag noodles in Brazil, Strengthening the organization and human resources and reforming marketing for the domestic non-instant noodles business, Review of the investment scope for the Tsukuba-Mirai plant and other facilities, Review of renewal investment at the Nissin Cisco Osaka plant and consolidation at the Tokyo plant, European Nissin's expansion investment changed from building its own second plant to M&A (asset acquisition) in Turkey, Product portfolio reform and cross-group promotions in the frozen foods business

Items this document does not state (14)

Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company attributes the increases in revenue and profit to price revisions in the domestic business, solid sales volumes for major brands, the consolidation effect of Celia-Roile, price revisions and higher sales volumes overseas, yen depreciation, and cost reductions. Meanwhile, it said that higher costs for raw materials and packaging materials, utilities, and logistics resulting from the situation in the Middle East, as well as higher costs including raw materials, logistics, and depreciation, weighed on profit.

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