Fuji Oil : Presentation (2.14MB)

	FY2022
FY2022	Earnings conference

May 11, 2023

Contents

1. FY2022 Results
2. FY2023 Forecast
3. Toward the Mid-Term Management Plan
4. Reference Materials

2

1

FY2022 Results

3

１．FY2022 Results

FY2022 Results

FY2021	FY2022	YOY
Results	Results

Net sales	433.8	557.4	+123.6
	Vegetable Oils & Fats	135.0	203.4	+68.5
	Industrial Chocolate	185.5	228.5	+43.0
	Emulsified & Fermented	79.1	91.2	+12.0
	Ingredients
	Soy-based Ingredients	34.2	34.3	+0.1
Operating profit	15.0	10.9	(4.1)
	Vegetable Oils & Fats	7.4	7.0	(0.4)
	Industrial Chocolate	7.5	5.0	(2.6)
	Emulsified & Fermented	1.6	1.5	(0.1)
	Ingredients
	Soy-based Ingredients	2.1	1.3	(0.9)
	Group administrative	(3.7)	(3.8)	(0.1)

(Unit : billion yen)

FY2022	VS FY2022
Rev.	Rev.
Forecast	Forecast
(Feb.2023)	(Feb.2023)
550.0	+7.4
200.5	+2.9
225.5	+3.0
90.8	+0.4
33.2	+1.1
13.5	(2.6)
7.5	(0.5)
6.7	(1.7)
1.6	(0.1)
1.6	(0.3)
(3.8)	+0.0

Net sales 557.4 billion yen YOY +123.6 billion yen

Net sales significantly increased due to higher selling prices resulting from higher raw material prices such as palm, the effect of JPY's depreciation in foreign exchange, and increased sales volume thanks to the operation of the oils and fats new plant in the Americas.

Operating profit 10.9billion yen YOY (4.1 billion yen)

Operating profit decreased due to lower sales volume of Blommer caused by weak market conditions, higher expenses resulting from the operation of the new plant and lower profitability in the Americas for oils and fats, and lower sales volume in China.

Vegetable	Operating profit decreased due to higher expenses
and lower profitability resulting from the operation of
Oils & Fats
the new plant in the Americas, although sales in
	Southeast Asia were steady in the first half.
Industrial	Operating profit decreased due to problems with cocoa
processing facilities and lower sales volume in Blommer,
Chocolate
and lower sales volume in Japan, although sales volume
	increased in Brazil and Europe.

	expenses
	Operating margin	3.5%	2.0%	(1.5pt)
	Ordinary profit	14.4	9.7	(4.7)
	Profit attributable to owners of	11.5	6.1	(5.4)
	parent
4

2.5%	(0.5pt)
12.5	(2.8)
8.0	(1.9)

Emulsified & Fermented

Soy-based Ingredients

Operating profit decreased due to lower sales volume in China, although higher sales volume of whipping cream in Japan.

Operating profit decreased due to lower sales volume of soy protein ingredients and soy protein foods, although sales of functional ingredients increased.

１．FY2022 Results

FY2022 Operating Profit Analysis

Operating profit analysis YOY

+61.2

(58.8)

15.0

(0.8)

(5.7)

(Unit : billion yen)

10.9

Price factor +2.5

	Vegetable Oils & Fats	＋ Firm sales in Southeast Asia	Industrial Chocolate ＋Price revision in Blommer and Harald
Price factor		ー Delayed price revision in China
	Emulsified & Fermented
	Industrial Chocolate	ー Lower sales volume in Japan and Blommer
Sales volume
factor	Soy-based Ingredients	ー	Lower sales volume of soy protein ingredients and soy protein foods in Japan
			Divestiture of the Chinese soy protein food business
	Vegetable Oils & Fats	ー Higher fixed expenses resulting from the operation of the new plant in New Orleans
Expenses	Industrial Chocolate	ー Increase in personnel and repair costs, and temporarily costs to deal with problems with cocoa processing
			facilities in Blommer

5 * Blommer：Industrial Chocolate・Americas (North America), Harald：Industrial Chocolate・Americas (Brazil)