Toyo Suisan
JMR has just updated to its case on Toyo Suisan Kaisha, Ltd. for 2010.
It is available
here in Japanese for subscribers to the Japanese site. A summary follows.
Toyo Suisan Kaisha, Ltd., under its "
maruchan" logo of a smiley-faced child and tagline of "Smiles for All," is a widely-known household brand in Japan. Noodles, soups, rice-based dishes, processed foods and fish products are its mainstay operations.
In the fiscal year ended March 31, 2010 sales deceased 2.1% compared to the previous term to
315,155 billion yen (US$ 38.4 billion), while operating income increased 24.6% YoY to 311 billion yen (US$ 3.8 billion). Ordinary income rose 21.8% to 226 billion yen (US$ 2.7 billion) on lower revenues.
Its Sea Food sector posted a revenue decline due to the overall poor economy but new product developments of shrimp and tuna contributed to profits. Processed foods posted a surprise gain driven by new product introductions but weak sales of raw noodles, frozen food and rice-based products pulled overall sales down.
To deal with increasing competition, the company is rebuilding its production and distribution systems, making cost cuts and increasing out sales activities.
Sample of page 1 from the case
click picture to enlarge
