Maruha Nichiro publishes financial results for the second quarter 2010

April 6, 2010 14:38
 

Maruha Nichiro publishes financial results for the second quarter 2010, reports www.megafishnet.com with reference to Maruha Nichiro. 

Consolidated Statements of Income ( Billions of Yen)

Sep 2009

Sep 2008

Net Sales

405.3

100.0%

453.7

100.0%

(48.4)

Cost of Sales

351.9

86.8%

394.3

86.9%

(42.4)

Gross profit on Sales

53.4

13.2%

59.4

13.1%

(6.0)

Expense

49.0

12.1%

50.6

11.2%

(1.6)

Operating Income

4.4

1.1%

8.8

1.9%

(4.4)

Non-operating Revenue

2.0

2.2

(0.2)

Non-operating Expenses

3.3

3.9

(0.6)

Ordinary Income

3.1

0.8%

7.1

1.6%

(4.0)

Extraordinary Income

1.4

0.7

0.7

Extraordinary Loss

0.7

2.5

(1.8)

Income before Tax

3.8

5.3

(1.5)

Taxes

0.8

3.5

(2.7)

Minority Interest Income

0.5

0.4

0.1

Net Imcome

2.6

1.5

1.1

Result by Strategic Segment and Business Unit (Billions of Yen)

 

Net Sales

Sep 2008 ±

Sep 2008

±

Fisheries & Aquaculture

12.6

16.5

(3.9)

(1.2)

0.3

(1.5)

North American Operations

24.6

37.2

(12.6)

(0.2)

3.0

(3.2)

Marine Products Trading

40.0

47.2

(7.2)

0.3

2.0

(1.7)

Marine Products Wholesaling

149.2

164.8

(15.6)

0.1

0.4

(0.3)

Strategic Sales

26.7

26.5

0.2

0.3

0.1

0.2

Marine Products Segment

253.1

292.2

(39.1)

(0.6)

5.9

(6.5)

Frozen Foods Business

58.5

57.5

1.0

3.2

1.7

1.5

Processed Foods Business

40.8

44.1

(3.3)

1.8

1.3

0.5

Meat & Products Business

20.4

24.9

(4.5)

(0.3)

0.5

(0.8)

Foods & Fine Chemical

6.5

6.3

0.2

0.6

0.4

0.2

Asia & Oceania Operations

13.0

14.6

(1.6)

0.9

0.3

0.6

Processed Foods Segment

139.3

147.4

(8.1)

6.1

4.2

1.9

Storage & Logistics Segment

7.7

7.5

0.2

0.6

0.5

0.1

Others

5.3

6.6

(1.3)

0.3

0.4

(0.1)

Common Cost

0.0

0.0

(2.0)

(2.2)

0.2

TOTAL

405.3

453.7

(48.4)

4.4

88.0

(83.6)

Consolidated Balance Sheets (billions of Yen)

Sep 2009

Mar 2009

Sep 2009

Mar 2009

±

Current Assets

273.5

266.8

6.7

Current Liablities

278.2

275.9

2.3

Cash and deposit

16.9

22.5

(5.6)

Account payable

37.5

35.4

2.1

Trade notes and accounts receivable

97.2

93.9

3.3

Short-term loans payable

205.0

204.5

0.5

Marketable Securities

1.5

0.0

1.5

Other current liabilities

35.7

36.0

(0.3)

Inventories

135.4

129.7

5.7

Long-term liabilities

167.8

167.7

0.1

Short-term loans receivable

2.4

1.5

0.9

Long-term loans payable

128.7

129.1

(0.4)

Deferred income tax receivable

6.6

6.4

0.2

Other fixed liabilities

39.1

38.6

0.5

Allowance for doubtful receivable

(1.0)

(2.1)

1.1

Total Liabilities

446.0

443.5

2.5

Other current assets

14.3

14.9

(0.6)

Common Stock

31.0

31.0

0.0

Fixed Assets

253.8

254.6

(0.8)

Capital surplus

43.1

42.3

0.8

Tangible fixed assets

149.5

149.3

0.2

Treasury stock

(0.0)

(0.0)

0.0

Intangible fixed assets

27.5

28.4

(0.9)

Shareholders' equity

74.0

73.2

0.8

(Goodwill) 19.6

(0.6)

Adjustment

(7.1)

(9.3)

2.2

Investments and others

76.8

76.9

(0.1)

Minority interest

14.4

13.9

0.5

Total shareholders' equit

81.4

77.9

3.5

TOTAL

527.3

521.5

5.8

TOTAL

527.3

521.5

5.8

Projection of March 2010 by Unit (Billions of Yen)

Operating Income

2nd Half Projection

Projection

Initial Projection

2nd Half Projection

Fisherie & Aquaculture

12.6

15.8

28.4

31.6

(3.2)

(1.2)

0J

(0.4)

1.5

(1.9)

North American Operations

24.6

24.6

49.2

53.4

(4.2)

(0.2)

0.4

0.2

2.6

(2.4)

Marine Products Trading

40.0

48.6

88.6

96.0

(7.4)

0.3

0.9

1.2

3.2

(2.0)

flarine Products Wholesaling

149.2

165.5

314.7

336.7

(22.0)

0.1

1.1

1.2

2.0

(0.8)

Strategic Sales

26.7

29.1

55.8

51.3

4.5

0.3

0.3

0.6

0.4

0.2

Marine Products Segment

253.1

283.6

536.7

569.0

(32.3)

(0.6)

3.3

2.7

9.7

(7.0)

Frozen Foods Business

58.5

60.3

118.8

119.0

(0.2)

3.2

2.8

6.0

4.9

1.1

Processed Foods Business

40.8

39.7

80.5

85.5

(5.0)

1.8

1.8

3.6

3.6

0.0

Meat & Products Business

20.4

26.1

46.5

54.1

(7.6)

(0.3)

0.6

0.3

1.3

(1.0)

Foods & Fine Chemical

6.5

7.0

13.5

13.6

(0.1)

0.6

0.6

1.2

1.0

0.2

Asia & Oceania Operations

13.0

14.1

27.1

28.5

(1.4)

0.9

0.4

1.3

0.9

0.4

Processed Foods Segment

139.3

147.1

286.4

300.7

(14.3)

6.1

6.3

12.4

11.7

0.7

Storage & Logistics Segmer

7.7

8.1

15.8

16.1

(0.3)

0.6

1.0

1.6

1.6

0.0

Others

5.3

5.9

11.2

14.2

(3.0)

0.3

0.1

0.4

1.1

(0.7)

Common Cost

0.0

0.0

0.0

0.0

0.0

(2.0)

_B

(4.0)

(4.1)

0.1

TOTAL

405.3 444.7

900.0 (50.0)

20.0

(7.0)

Projection of March 2010

March 2010 Old Projection (Billions of Yen)

Semiannual Progress (%)

March 2009 Revised Proj (Billions of Yen)

Change (%)

Net Sales

850.0

48%

900.0

(6%)

Operating Income

13.0

35%

20.0

(35%)

Ordinary Income

9.0

36%

15.0

(40%)

Net Income

3.5

71%

4.0

(13%)

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