■Financial Statements for the Interim Period Ended September 30, 2017
<Year-on-Year>
From July to September, both revenue and profit increased.
<Versus the forecast>
Sales, mostly according to forecast; business profit, according to forecast.
■Financial Statements for the Interim Period Ended September 30, 2017
<Year-on-Year>
From July to September, both revenue and profit increased.
<Versus the forecast>
Sales, mostly according to forecast; business profit, according to forecast.
■FY2017 Forecast
Although some businesses still have issues, due to improvement of global costs for fermentation raw materials expect results in line with initial forecast.
■Initiatives for Achieving the FY2017?2019 Medium-Term Management Plan
▽International Consumer Foods
Weak sales growth on local currency basis in Thailand and North America, which carry the International Food Products (Seasonings & Processed Foods) and International Frozen Foods businesses. Will work to recover in the second half, but expect to be below initial forecast.
(Thailand)
Seasonings business increased share, but sales flat overall due to intensification in competition for BirdyR canned coffee.
(North America)
Net sales on local currency base mostly level YoY. Key Asian food products expanding as expected but impact from reduced business with large OEMs and fewer special orders.
▽Healthcare
YoY sales +8%, business profit -48%. Impact of production adjustments by large pharmaceutical companies, expect full year revenue increase but profit decrease.
■FY2017 Financial Strategy
Based on the policies of the FY2017?2019 MTP, generate cash flow, invest for growth and provide stable shareholder returns.
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