Investor Presentaiton
Mitsubishi Corporation
Food Industry Group
May 9, 2023
Mitsubishi Corporation
(Billions of Yen)
Summary of Net Income
1Q ■2Q
■ 3Q
■4Q
79.3
FY2021
FY2022
Change
Remarks
8.0
70.0
27.9
One-off
Net Income
(8.7)
(7.3)
1.4
63.4
26.4
50.0
88.0
70.7
(17.3)
excl. One-off
Impairment losses on fixed assets in overseas
business.
30.0
23.7
19.7
Total
79.3
63.4
(15.9)
10.0
19.7
22.4
Forecast
(5.1)
FY2022
Change
Remarks
(10.0)
for FY2023
FY2021
FY2022
FY2021
FY2022
Change
63.4
72.0
8.6 Gains and losses on asset replacements in overseas business.
Total Assets
1,968.6
2,103.0
134.4
Equity in Earnings of Subsidiaries and Affiliates
One-off Gains/Losses
Subsidiary/
Company Name (Country)
Business Description
Affiliate
Equity
Holding
(%)
Equity in Earnings
FY2022
1Q
2Q
3Q
4Q
Total
Change
FY2021 FY2022
One-off Gains
Subsidiary
Agrex, Inc. (U.S.A.)
Subsidiary
Cermaq Group AS (Norway)
Subsidiary
Foodlink Corporation (Japan)
Grain & oilseeds procurement and sales
Farming, processing and sales of salmon
Sales of meat and meat products
100.00
0.6
1.2
0.6
100.00
30.8
30.8
Lump-sum royalties in Mitsui DM Sugar
One-off gains in overseas business
2.4
2.4
1.4.
1.4
99.42
2.1
1.6
(0.5)
Gains on sale of fixed assets of Cermaq
1.2
1.2
Subsidiary
Indiana Packers Corporation (U.S.A.)
Processing and sales of pork
80.00
5.9
2.2
(3.7)
Total
1.2
1.4
2.4
5.0
One-off Losses
Subsidiary
Affiliate (listed) Itoham Yonekyu Holdings Inc. (Japan)
Japan Farm Holdings, Ltd. (Japan)
Subsidiary
Affiliate (listed) Kadoya Sesame Mills, Inc. (Japan)
Affiliate (listed) KFC Holdings Japan Ltd. (Japan)
Mitsubishi Corporation Life Sciences Limited
(Japan)
Affiliate (listed) Mitsui DM Sugar Holdings Co., Ltd. (Japan)
Subsidiary (listed) Nihon Shokuhin Kako Co., Ltd. (Japan)
Subsidiary (listed) Nitto Fuji Flour Milling Co., Ltd. (Japan)
Subsidiary Nosan Corporation (Japan).
Manufacturing and sales of meats and processed foods
Poultry /Swine breeding, chicken processing
Manufacturing and sales of sesame oil and sesame
Fast-food restaurant chain (Fried Chicken)
Production and sales of food ingredients
40.66
7.6
6.8
(0.8)
Impairment losses on PP&E, etc. in overseas business
92.66
2.9
2.3
(0.6)
26.35
0.7
0.6
(0.1)
Total
(12.3)
(12.3)
(12.3)
(12.3)
35.21
1.6
0.9
(0.7)
100.00
5.4
6.2
0.8
Manufacturing and wholesale of sugar products
Manufacturing of corn starch and related processed
products
20.00
0.2
2.5
2.3
59.83
0.8
1.5
0.7
FY2021
1Q
2Q
3Q
4Q
Total
Flour miller
64.85
2.4
2.6
0.2
Total of One-off Gains
1.5
-
1.2
2.7
Manufacturing and marketing of livestock feed
100.00
1.3
0.4
(0.9)
Total of One-off Losses
(1.1)
(5.0)
(0.2) (5.1)
(11.4)
Affiliate (listed) Olam Group Limited (Singapore) *
Subsidiary
Princes Limited (U.K.)
Affiliate
Subsidiary
TH Foods, Inc. (U.S.A.)
Farming, procuring, processing and sales of agriproducts
Manufacturing of food products and soft drinks
Manufacturing of rice crackers
14.64
9.2
8.8
(0.4)
100.00
2.6
(7.0)
(9.6)
50.00
0.4
0.7
0.3
Toyo Reizo Co., Ltd. (Japan)
Processing and sales of marine products
95.08
5.0
5.1
0.1
* The company's name as shown above has been changed from OLAM INTERNATIONAL LIMITED to OLAM GROUP LIMITED, a parent company of OLAM INTERNATIONAL LIMITED
following the share exchange in FY2021. In addition to the figures above, there are consolidation adjustments (FY2021: -1.1 billion yen, FY2022: -1.1 billion yen) to equity in earnings,
such as adjustments due to accounting-policy differences and so on.
Copyright © 2023 Mitsubishi Corporation
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