First Quarter FY3/2014
Consolidated Financial Results
(supplementary materials)
August 2, 2013
The Nisshin OilliO Group, Ltd.
1
First Quarter FY3/2014 Consolidated Financial Results Summary
72,805 80,612
+7,806
IQ FY12
(Million yen)
+10.7%
IQ FY13
Net sales
1,578
696
-881
-55.8%
IQ FY12
1,435
-579
IQ FY13
IQ FY12
Operating income
Raw Materials Prices & Foreign Exchange Rates
855
826
249
-40.4%
-576
-69.8%
IQ FY13
IQ FY12
Ordinary income
IQ FY13
IQ FY12
IQ FY13
Net income
Change
Change (%)
Soybean Unit Price (USD/t)
632
583
49
8%
Rapeseed Unit Price (USD/t)
719
663
56
8%
Foreign Exchange Rate (JPY/USD)
92
81
11
14%
Note: Figures for raw materials and foreign exchange rates are based on Nisshin OilliO results.
2
Major Raw Material Price Trends
Soybean (JPY/t)
JPY / t
Rapeseed (JPY/t)
Soybean (USD/t)
Rapeseed (USD/t)
USD / t
85,000
800
75,000
700
65,000
600
55,000
500
45,000
400
35,000
300
25,000
200
3
Unit Selling Price Trends
Indexed at Apr. – Sep. 2007 = 1.0
Key oil & fat product unit selling prices (JPY/kg)
1.6
1.4
1.2
1.0
0.8
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Factors Impacting Operating Income
(year-on-year)
First Quarter FY3/2013 Operating Income:
¥1,600 million
Raw Material Costs Soybean
Rapeseed
Foreign Exchange
Subtotal
-850
-1,000
-3,150
Overseas Subsidiaries
Meal Unit Selling Price
+4,200
+600
-800
(Oils and Meals, Processed Oils and Fats Businesses)
Domestic Subsidiaries
(Oils and Meals, Processed Oils and Fats Businesses)
Domestic Subsidiaries (Other)
-5,000
Oils & Fats Sales
(Million yen)
+100
±
0
-700
Total
Healthy Foods, Fine Chemicals, Soy Foods
and Materials Businesses (including subsidiaries)
Total
-200
Total
-50
Other
Total
SG&A
Manufacturing Costs, O
+200
-150
+50
Down ¥900 million
First Quarter FY3/2014 Operating Income:
¥700 million
5
Soybean Market Price Trends
(Chicago Board of Trade)
¢/Bu
1,900
6/28 1,574.50
1,700
6/29 1,517.75
1,500
1,300
4/5 1,354.50
Apr.－Jun. 2013
1,100
Average closing price:1,468
6/1 1,317.50
900
Apr.－Jun. 2012
UP 3%
Average closing price: 1,426
700
500
Source: Bloomberg
6
Rapeseed Market Price Trends
(Winnipeg Commodity Exchange)
CAD/t
800
5/14 656.20
700
4/27 665.90
600
5/15 586.10
6/17 593.60
500
Apr.－Jun. 2013
Average closing price: 626
400
Apr.－Jun. 2012
UP 1%
Average closing price: 619
300
Source: Bloomberg
7
Palm Oil Market Price Trends
(Malaysia)
MYR/t
4,400
4,000
3,600
3/27 3,521
1/11 2,251
3,200
2/4 2,550
2,800
2,400
2/9 2,999
Jan. – Mar. 2012
2,000
Average closing price: 3,245
1,600
Down 26%
Jan. – Mar. 2013
Average closing price: 2,402
1,200
Source: Bloomberg
8
Foreign Exchange Rate Trends
JPY/USD
125
120
Apr.－Jun. 2013
115
Average closing rate: 99
110
Change 23%
105
5/22 103.74
100
Apr.－Jun. 2012
95
Average closing rate: 80
90
4/2 83.30
85
80
75
4/2 92.57
6/1 77.66
70
Source: Bloomberg
9
USD/LT
175
Freight Rate Trends per Ton
for Panamax Size Vessels:
US-Japan
155
Apr.－Jun. 2012
135
115
Average change: 48
Down 8%
Apr.－Jun. 2013
Average change: 44
95
75
4/27 55.040
4/2 47.712
55
35
6/6 43.668
5/31 41.757
15
Source: Based on TDS Maritime Intelligence data
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Meal Value Trends
%
Apr.－Jun. 2013
70.00
Average value: 63
Apr.－Jun. 2012
Average value: 61
Increase of
roughly 2 points
65.00
60.00
55.00
50.00
Source: Nisshin OilliO estimates from CBT market prices (Soybean Meal, Soybean Oil)
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Nikkei Market Price Trends: Oils
JPY/18 liter drum
JPY/kg
5,000
290
4,500
270
4,000
250
3,500
230
3,000
210
2,500
190
2,000
170
1,500
150
1,000
130
Soybean oil
(18 liter drum)
Soybean oil (bulk)
Rapeseed oil (bulk)
Source: Nikkei, Inc.
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Market Price Trends: Meals
%
JPY/t
70,000
75.0
60,000
70.0
50,000
65.0
40,000
60.0
30,000
55.0
20,000
50.0
Soybean
meal
Rapeseed
meal
Rapeseed meal
ratio
Source: The Daily “Yushitokuhou”
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