T Hasegawa : FY2021 Financial Results Presentation
December 07, 2021 at 07:52 am IST
Share
Financial Results
for the Fiscal Year Ended September 30, 2021
November 25, 2021
T. HASEGAWA CO., LTD.
Contents
Summary of Consolidated Financial Results II. Impact of COVID-19
III. Management Policy IV. Global Strategy
V. Medium-TermThree-Year Plan Summary VI. Capital Policy
VII.Accompanying Materials
1
Summary of
Consolidated Financial Results
2
Market Environment
Japanese Market
Trends by category
FYE September 2021 (October 2020 to September 2021)
Category
Trend
• Sluggish consumption owing partly to consumers refraining from going out as a result of
COVID-19
Beverages
Decrease
• Sluggish demand from the office sector, particularly in large cities, with commercial and
vending machine sales remaining weak
• Cool summer resulted in poor sales of sports drinks, barley tea, and other thirst-quenching
beverages
• In potato products, sales of bagged products increased slightly, and the proportion of premium
andSweetsavory snacks
Chocolate
Increase
products in the sales mix increased
large-bag products
Savory
Flat YoY
• In corn products, chips and puffs declined slightly, while popcorn grew
snacks
• Sales of wheat flour products fell, and in other snacks, sales of small pouch-type products
were strong
• Sales of chocolate bars fell back from a large increase in the previous year
• Sales of high-cocoa and functional products increased due to an expanded product lineup of
• Chocolate snacks grew, particularly for large-bag products
• During the summer, when demand is strongest, sales increased significantly in July, but fell in
Frozen desserts
Increase
August and September owing to cooler temperatures
• Multipack products remained on par with the previous year despite a fallback from the previous
slightly
year's increase
• New products contributed
Instant noodles
Decrease
• Struggled in March-May owing to a fallback from special demand in the previous year
• For cup noodles, the introduction of new products and stronger promotions at
supermarkets,and other factors made up for the delayed recovery in convenience store sales
Source: Nikkan Keizai Tsushin
3
Summary of Consolidated Performance
YoY
Sales increased mainly due to the contribution of MISSION (U.S.), which T. HASEGAWA U.S.A. Inc. acquired in December 2020, as well as higher sales at Chinese subsidiaries
Operating profit, ordinary profit, and net profit increased mainly due to an increase in net sales and an improvement in the cost-of-sales ratio
Vs. target
Achieved our net sales target, mainly due to performance at the Company (non-consolidated), U.S. subsidiaries, and Chinese subsidiaries exceeding targets
Achieved our operating profit target, mainly because net sales exceeded the target and SG&A expenses came in under the target
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
T.Hasegawa Co. Ltd. published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 02:21:03 UTC.
T.HASEGAWA CO.,LTD. is a Japan-based company engaged in the manufacture and sale of flavors and fragrances products. The Company operates through three Geographic segments. The Japan segment includes fragrances business and food business. The fragrance division is engaged in the manufacture of cosmetic aroma, cosmetic products and compound perfume used in fragrance products, cosmetics, lip sticks and hair tonic, toiletry products, as well as household products. The food division is engaged in the manufacture and sale of essence, food oil flavors, food powder flavors, seasonings, processed fruits and natural pigments used in beverages, confectionery, frozen desserts, desserts and instant noodle soups. The American segment is engaged in the manufacture and sale of oily flavors for foods, processed food materials, natural pigments and processed fruit products. The Asia segment is engaged in manufacture and sale of flavors, food additives, as well as the import and export of products.