Delayed
Japan Exchange
07:00:00 13/05/2024 BST
5-day change
1st Jan Change
3,193
JPY
-0.59%
-0.06%
+28.48%
Kewpie : FY2023 1H Financial Meeting(1.37MB)
FY2023 1H
Financial Meeting
July 5, 2023 Kewpie Corporation
Overview of FY2023 1H Results
Efforts toward
2H and Beyond
Reference Materials
© Kewpie Corporation All rights reserved.
Notes regarding the information in this document
The amounts stated in this document are rounded to the nearest 100 million yen when figures are presented in billions of yen.
The numbers related to Overseas cover the period from October through September of the following year and include exports from Japan. Exports from Japan from December through November of the following year are included in the results.
Changes Overseas of the first half of FY2023 includes foreign exchange effects (Net sales +¥3.5 billion, operating income +¥0.3 billion). Changes Overseas of year plan for FY2023 includes foreign exchange effects (Net sales +¥4.0 billion, operating income +¥0.4 billion).
2
1. Overview of FY2023 1H Results
© Kewpie Corporation All rights reserved.
3
Overview of FY2023 1H Results
Summary
Net sales
¥220.4bn
+¥5.5bn
+¥4.6bn
Increase in sales (+¥12.9bn)
¥6.8bn
+¥9.5bn
Operating income
-¥11.3bn
Decrease in income (-¥7.4bn)
-¥4.6bn
Increase in unit prices due to price revisions for Food Service and the egg market
Sales increase due to Overseas growth
Effect of price revisions
Impact of a spike in main raw material prices
Impact of soaring prices of energy and raw materials in general
Ordinary income
¥7.6bn
Profit attributable to
¥4.8bn
owners of parent
Decrease in income (-¥7.4bn)
Decrease in income (-¥4.1bn)
(¥bn)
FY2022
FY2023
YoY change
YoY change
Results
(%)
Net sales
207.5
220.4
+12.9
+6%
Japan
177.7
186.0
+8.2
+5%
Overseas
29.8
34.4
+4.6
+15%
Operating income
14.2
6.8
-7.4
-52%
Japan
13.0
6.6
-6.4
-49%
Overseas
4.1
3.5
-0.6
-15%
Company-wide expenses
-2.9
-3.2
-0.3
-
Ordinary income
15.0
7.6
-7.4
-50%
Profit attributable to
8.9
4.8
-4.1
-46%
owners of parent
Operating income ratio
6.9%
3.1%
-3.8%
4
© Kewpie Corporation All rights reserved.
FY2023 1H Factors behind Changes in Operating Income
Operating income
FY2023 1H ¥6.8 bn
YoY change -¥7.4 bn
(¥bn)
Factors causing
Factors causing
decreases
increases
-18.6
+11.2
Change in gross profit resulting from
+1.2
+0.2
+1.0
increase (decrease) in net sales
Change in gross profit margin
-7.1
-2.9
-4.2
Of which, the impact of a spike in main
-11.3
-5.7
-5.6
raw material prices
Of which, the effect of price revisions
+9.5
+4.5
+5.0
Of which, the impact of soaring prices
-4.6
-2.2-2.4
of energy and raw materials in general
Of which, others such as a shift to
-0.7
-0.7
+0.0
products with more added value
Sales promotion expenses and
-0.9
-0.3
-0.6
advertising expenses
Transportation and warehousing
+0.5
+0.2
+0.3
expenses
Other selling, general and administrative
-0.8
-0.2
-0.6
(SG&A) expenses
1Q YoY change
Common business/ Company-wide
-0.3
-0.2
-0.1
2Q YoY change
expenses
© Kewpie Corporation All rights reserved.
5
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Disclaimer
Kewpie Corporation published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 31 July 2023 02:12:09 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Kewpie Corp is engaged in manufacture and sale of food products. The Company operates in six business segments. The Retail Market segment manufactures and sells mayonnaise, dressings, pasta sauces, delicatessen foods, packaged salads, baby foods, nursing care foods and others in the retail market. The Food Service segment manufactures and sells mayonnaise, dressings, vinegar, liquid eggs, frozen eggs, dried eggs, egg processed food and others in food service market. The Overseas segment manufactures and sells mayonnaise, dressings in China, Southeast Asia, North America markets. The Fruit Solutions segment manufactures and sells jams for household use and processed fruit products for industry use. The Fine Chemicals segment manufactures and sells hyaluronic acid and egg yolk lecithin as an ingredient for pharmaceuticals, cosmetics and foods. The Common segment sells food and food manufacturing machines.
More about the company
Last Close Price
3,212
JPY
Average target price
3,267
JPY
Spread / Average Target
+1.70%
Consensus
1st Jan change
Capi.
+28.48% 2.86B +2.37% 29.86B +20.02% 24.81B +5.02% 11.19B +18.74% 5.44B +20.42% 4.54B -9.27% 3.79B +2.35% 3.36B +4.52% 3.12B -3.91% 2.63B
Food Ingredients
+951% of historical performance
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