Fiscal Year 2025 Q3 Earnings Report

Overview of Performance

For the cumulative third quarter of fiscal 2025, consolidated revenue increased 0.7% year-on-year to 586.6 billion yen. Core operating income of existing businesses declined 13.4% to 58.4 billion yen, while operating income decreased 11.7% to 53.4 billion yen. Net income attributable to owners of parent fell 10.4% to 39.0 billion yen. The domestic instant noodles segment saw revenue growth driven by price revisions and volume increases but declined in profit due to rising material costs. The domestic non-instant noodles segment maintained growth in revenue but experienced profit decline due to higher material costs and increased depreciation expenses. The overseas segment posted both revenue and profit growth, supported by strong performance in Brazil and China as well as contributions from equity-method affiliates in Europe, despite a decrease in sales volume in the US.

Segment Status and Future Outlook

The domestic instant noodles segment saw revenue increase 2.6% to 219.9 billion yen, driven by solid performance at Myojo Foods, but profit declined due to rising material costs. The domestic non-instant noodles segment recorded revenue of 151.4 billion yen, up 3.3%, but profits decreased due to cost increases. The overseas segment recorded revenue of 208.7 billion yen, down 3.3%, and core operating income declined 17.4%. In the Americas region, despite a decrease in sales volume, Q3 standalone results turned to revenue and profit growth. The China region experienced revenue and profit increases, while the Asia region faced revenue and profit declines. The full-year outlook anticipates results inline with the revised forecasts for both revenue and operating income.