Expanding the Food Ingredients Business Through Food Solutions

「Following a review of the product mix aimed at improving profitability, total Food Ingredients sales were ¥3,002 million, down 2.7% year on year.」

「In food materials, in Japan we will continue reviewing our product mix to improve profitability, while strengthening manufacturing and sales in Vietnam, where Japanese food manufacturers continue to expand.」

「In Food Ingredients, the company reviewed its product mix to improve profitability, resulting in sales of ¥1,525 million, down 6.9% year on year.」

「In Food Ingredients, the company will strengthen manufacturing and sales in Vietnam, where Japanese food manufacturers continue to expand.」

「In Food Ingredients, efforts to improve profitability drove growth in sales of gelling agents for confectionery and desserts, but sales of stabilizers for meat processing declined, resulting in total Food Ingredients sales of ¥1,639 million, down 3.9% year on year.」

「In Food Solutions, total sales increased as sales in Japan remained firm and prices were revised to appropriate levels. In Japan, sales increased as demand for gummy candies remained strong and the recovery in foodservice demand drove higher sales of small-pack commercial products. Sales also remained firm for commercial soups and products for seasonings and prepared foods supplied to convenience stores. Overseas, although demand for gummy candies remained firm in North America, sales of general food applications declined due to inflation and intensifying price competition, resulting in lower sales. As a result, total Food Solutions sales were ¥11,807 million, up 2.5% year on year.」

「In Food Solutions, total sales increased as sales of gelatin for gummy candies remained firm and prices were revised to appropriate levels. In Japan, sales increased as demand for gummy candies remained firm and prices were revised. In addition, the recovery in foodservice demand drove higher sales of commercial products for soups and seasonings and small-pack commercial products. Sales also increased for prepared foods supplied to convenience stores and chilled-dessert applications. As a result, total Food Solutions sales were ¥7,885 million, up 4.6% year on year.」

「In Food Solutions, total sales increased as demand remained firm in Japan and North America and prices were revised to appropriate levels. In Japan, sales increased as demand for gummy candies remained strong and prices were revised to appropriate levels. In addition, the recovery in foodservice demand drove higher sales of small-pack commercial products. Sales also increased for prepared foods supplied to convenience stores and chilled-dessert applications. Overseas, sales for gummy-candy applications remained firm in North America. As a result, total Food Solutions sales were ¥3,953 million, up 14.0% year on year.」

「As a result, total Food Solutions sales were ¥11,516 million, up 24.4% year on year.」

「In Food Solutions, total sales increased on strong sales in Japan and higher sales in North America. In Japan, sales increased as customers' gummy-candy sales remained strong. Sales also increased as the recovery in foodservice demand drove higher sales of commercial soups and products for seasonings, while expansion into institutional catering and other areas for commercial products proved effective. However, sales for prepared-food applications supplied to convenience stores declined because sales growth at major customers remained sluggish. Overseas, sales increased in North America, where demand for food applications remained firm. As a result, total Food Solutions sales were ¥7,539 million, up 24.0% year on year.」

「In Food Solutions, the company newly launched the Nitta Gelatin Pro Shop, a membership-based mail-order site for commercial products.」

「In Japan, customers' strong sales of new products continued, driving higher sales for gummy-candy applications. Sales also increased due to higher sales for frozen-food applications amid rising demand for frozen foods, as well as successful expansion into mail-order channels and other areas for commercial products. As a result, total Food Solutions sales were ¥9,254 million, up 8.8% year on year.」

「In Japan, sales for gummy-candy applications increased on the back of customers' strong sales of new products. Sales also increased as expansion into frozen desserts and, among commercial products, mail-order channels and other areas proved effective. As a result, total Food Solutions sales were ¥6,080 million, up 3.9% year on year.」

「In Japan, sales of products for gummy candies and prepared-food applications increased, partly due to the recovery in sales at convenience stores and other outlets in urban areas. Sales of commercial products also increased: although sales to the foodservice industry remained sluggish, expansion into channels such as mail-order sales proved effective. Overseas, demand for gummy candies remained firm in North America, resulting in higher sales. As a result, total Food Solutions sales were ¥3,070 million, up 7.9% year on year.」

「Against this backdrop, in Food Solutions we will capitalize on the increase in takeout and delivery services in Japan, develop new products and applications to meet this demand, and expand sales.」

「In Japan, the spread of COVID-19 increased opportunities to make desserts at home and demand for meals prepared at home, driving higher sales of gelatin for confectionery and cooking and food ingredients for chilled desserts. However, sales declined for applications such as gummy candies and cup jellies amid calls to refrain from going out. In addition, the expansion of working from home reduced lunch demand at convenience stores in urban areas, resulting in lower sales for prepared-food applications. Sales of commercial soups for the foodservice industry and products for seasonings also declined. As a result, total Food Solutions sales were ¥5,859 million, down 29.4% year on year.」

「In Japan, the spread of COVID-19 increased opportunities to make desserts at home, driving higher sales of gelatin for confectionery and cooking. However, sales declined for applications such as gummy candies and cup jellies, while sales to the foodservice industry, including hotels, restaurants and izakaya, also decreased. As a result, total Food Solutions sales were ¥2,850 million, down 31.2% year on year.」

「In Japan, the gummy candy market remained firm and sales for confectionery applications increased. Demand for prepared foods among dual-income households and older people also remained firm, increasing sales for convenience store prepared foods. In the commercial market, expanded sales of new products addressing labor shortages contributed to revenue.」

「In Japan, sales for gummy candy applications and convenience store prepared foods increased as customers' new product sales remained firm and demand for prepared foods rose among dual-income households and older people. In the commercial market, new product launches and other initiatives contributed to sales.」

「In Japan, revenue increased as the gummy candy market became more active due to the launch of new products by customers. Revenue from prepared foods for convenience stores also increased against a backdrop of individualization and rising demand for prepared foods, while revenue from the commercial market increased as aggressive sales expansion activities produced results. As part of its initiatives in the core areas, the Company focused on developing new customers for food applications in Southeast Asian markets.」

「In Japan, sales to convenience store prepared foods and frozen foods increased, supported by strong demand for prepared foods and contributions from new sales expansion initiatives. However, sales for high-sugar confectionery applications such as gummy candies and sales of gelatin for confectionery and cooking declined. As a result, total food solutions revenue decreased to ¥11,541 million, down 2.6% year on year.」

「As a result, total food solutions revenue was ¥7,811 million, up 0.1% year on year and broadly unchanged.」

「In food materials, quality improvers and other products for processed meat products offset lower sales of products for confectionery and desserts, leaving total revenue broadly unchanged year on year. Profit declined due to the impact of higher raw material prices.」

「In Japan, demand for microwaveable prepared foods and frozen foods is strong as consumers increasingly seek convenient ways to enjoy tasty meals. ... To meet demand in this market, the Company will develop and expand sales of new, more highly processed products in addition to its conventional powdered products, improving convenience for customers.」

「In November 2017, a TV program seeking new textures took an interest in the Company's technological development capabilities, and a member of its research and development staff appeared on the program. Demonstrating its technological capabilities, the Company produced a chilled dessert with a new texture suited to the theme and received favorable reviews. It will continue developing products that accurately capture customer needs and actively making proposals to customers.」

「Although total food materials revenue was broadly unchanged year on year, one of the Company's products received a media award for a hit commercial processed food product. The Company will focus on marketing the product and making proposals to customers.」

「Although sales to the prepared foods market remained firm, sales to the confectionery and dessert markets were slightly below the previous year, leaving overall revenue broadly unchanged year on year.」

「The food materials business aims to expand further by providing products that create new value for customers through the latest application technologies.」

「The Company will combine its application technology with product ideas from students and technologies from other materials manufacturers to provide food solutions offering new value to customers and expand the business.」