FUJI SEIYU GROUP HONSYA KK

2607

Equity

ISIN JP3816400000 / Valor 761839

Tokyo Stock Exchange (2024-11-21)

JPY 3,534.00+1.73%

FUJI SEIYU GROUP HONSYA KK
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About company

FUJI SEIYU GROUP HONSYA KK, operating under the Fuji Oil Group, specializes in the production and distribution of a diverse range of vegetable oils and fats. The company's product portfolio includes specialty fats such as hard butters designed to modify the properties of chocolate, highly stable frying oils, and emulsified oils and fats that enhance flavor and texture. These products cater to various industries, particularly in food manufacturing, where they are used to improve the quality and performance of end products. The company leverages its expertise in oil and fat processing to meet the specific needs of its clients, ensuring high standards of quality and innovation in its offerings.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Increase

For the fiscal year ending March 2023, FUJI SEIYU GROUP HONSYA KK reported consolidated net sales of 557,410 million yen, marking a significant increase of 28.5% compared to the previous year. This growth was driven by higher sales prices due to rising raw material costs, the effect of yen depreciation, and increased sales volume from the new oils and fats plant in the Americas.

Operating Profit Decline

Despite the increase in net sales, FUJI SEIYU GROUP HONSYA KK's consolidated operating profit for the fiscal year ending March 2023 decreased by 27.1% to 10,940 million yen. The decline was attributed to lower sales volumes in certain regions, higher operational expenses, and reduced profitability from the new plant operations in the Americas.

Ordinary Profit and Profit Attributable to Owners

FUJI SEIYU GROUP HONSYA KK's ordinary profit for the fiscal year ending March 2023 fell by 32.5% to 9,690 million yen. Additionally, the profit attributable to owners of the parent company decreased by 46.7% to 6,126 million yen, reflecting the challenges faced in maintaining profitability amidst rising costs and economic uncertainties.

Segment Performance

In the fiscal year ending March 2023, the Vegetable Oils and Fats segment saw a significant increase in net sales to 203,448 million yen, up from 134,976 million yen the previous year. However, operating profit in this segment decreased slightly due to increased depreciation and fixed costs associated with the new plant in North America.

Future Outlook

Looking ahead to the fiscal year ending March 2024, FUJI SEIYU GROUP HONSYA KK forecasts consolidated net sales of 550,000 million yen, a slight decrease of 1.3%. However, the company expects a substantial recovery in profitability, with projected operating profit of 16,500 million yen and profit attributable to owners of the parent company anticipated to rise to 16,000 million yen, reflecting efforts to optimize sales prices and enhance business performance management.

Summarized from source with an LLMView Source

Key figures

48.9%1Y

45.3%3Y

11.1%5Y

Performance

33.8%1Y

27.0%3Y

27.3%5Y

Volatility