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Financial Results for FY 3/2025 Q3 February 5, 2025 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: February 5, 2025
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Today's Points ◼ Core operating profit of existing businesses surpassed the internal plan despite a YoY decrease, aiming to achieve the full-year plan Point 1: 3/2025 Q3 (Apr.-Dec.) Financial Results • Revenue increased by 6% YoY, with all businesses showing growth. Core operating profit of existing businesses decreased by 7% YoY. • Domestic instant noodles business: Increase in revenue (+5.2 Bil. yen, +2.5%) and slight decrease in profit (-0.1 Bil. yen, -0.3%) • Two brands saw an increase in volume, with continued revenue growth momentum in both standard and affordable products. • Core operating profit remained flat YoY due to strategic sales promotion on core products. • Domestic non-instant noodles business: Increase in revenue (+11.8 Bil. yen, +8.7%) and profit (+0.8 Bil. yen, +6.4%) • Frozen Foods, CISCO and KOIKE-YA posted significant increases in sales. Profits increased by a mid-single digit percentage across the entire business. • Overseas business: Increase in revenue ( +15.3 Bil. yen, +7.6%) and decrease in profit (-4.2 Bil. yen, -11.5%) • Revenue significantly increased in all regions by high-single digit percentage, especially boosted by Brazil business. • Profit decreased due to lower sales volumes in some channels of the U.S. business, increased material costs in the Americas, and a decline in equity-method profits from Mareven. Point 2: Aiming to achieve the full-year plan • Revenue and core operating profit of existing businesses for Apr.-Dec. were in line with the plan. • Expect to achieve the full-year plan through a recovery of sales volume in the U.S. business and strengthened cost optimization in NISSIN FOOD in Q4 1
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Amount Ratio Amount Ratio Revenue 582.3 + 33.4 + 6.1% 575.2 + 26.3 + 4.8% Core operating profit of existing businesses 67.4 (5.4) (7.4%) 66.0 (6.8) (9.3%) Operating profit 60.5 (8.1) (11.8%) 59.2 (9.3) (13.6%) Profit attributable to owners of the parent 43.6 (5.5) (11.2%) 42.6 (6.4) (13.1%) Core OP margin of existing businesses 11.6% (1.7pt) 11.5% (1.8pt) OP margin 10.4% (2.1pt) 10.3% (2.2pt) Profit attributable to owners of the parent margin 7.5% (1.5pt) 7.4% (1.5pt) Bil. yen FY 3/2025 Q3 (Apr.-Dec.) YoY change Constant currency basis FY 3/2025 Q3 (Apr.-Dec.) YoY change Institutional accounting basis FY 3/2025 Q3 Consolidated Financial Summary 2*Operating profit includes the impact of 2.7 Bil. yen in impairment losses on fixed assets in mainland China, recorded in the third quarter.
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(9.2) (5.7) (1.1) + 1.4 (1.9) + 72.8 + 11.1 (67.4) FY 3/2024 Q3 (Apr.-Dec.) Revenue (Including the impact of change in selling expense ratio) CoGS ratio / Distribution cost ratio Increase/decrease of fixed expenses Gain/loss on investments accounted for using the equity method Forex impact Others FY 3/2025 Q3 (Apr.-Dec.) Analysis of Core OP of Existing Businesses (Bil. Yen) * Details are based on actual exchange rates for the previous fiscal year. * Increase/decrease in core operating profit in the Domestic Others segment, Other reconciliations and Group expenses are included in Others. 67.4 Domestic +6.7 Overseas +4.5 72.8 Overseas △6 YoY (5.4) (7%) Domestic (4.1), Overseas (5.1) Domestic: -) Increase in raw material costs etc. Overseas: -) Increase in distribution costs in the Americas (external warehousing costs) etc. Domestic and overseas: +) Price revision, increase in volume, etc. Domestic (1.9), Overseas (3.8) Domestic: -) Increase in promotional cost etc. Overseas: -) Increase in general administrative expenses and depreciation etc. Mareven (1.6), Premier Foods (0.2) Thai President Foods +0.5, NURC +0.2 3
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+ 1.8 (4.0) + 0.2 + 0.1 + 0.1 (0.4) FY 3/2024 Q1 Revenue (Including the impact of change in selling expense ratio) CoGS ratio / Distribution cost ratio Increase/decrease of fixed expenses Gain/loss on investments accounted for using the equity method Forex impact Others FY 3/2025 Q1 (2.7) (2.1) (1.1) + 0.3 (1.2) FY 3/2024 Q1 Revenue (Including the impact of change in selling expense ratio) CoGS ratio / Distribution cost ratio Increase/decreas e of fixed expenses Gain/loss on investments accounted for using the equity Forex impact Others FY 3/2025 Q1 + 6.8 (2.5) (3.7) (0.2) + 1.1 (0.3) FY 3/2024 Q1 Revenue (Including the impact of change in selling expense ratio) CoGS ratio / Distribution cost ratio Increase/decreas e of fixed expenses Gain/loss on investments accounted for using the equity Forex impact Others FY 3/2025 Q1 Analysis of Core OP of Existing Businesses (quarterly basis) Q2 * Details are based on actual exchange rates for the previous fiscal year. *Increase/decrease in core operating profit in the Domestic Others segment, Other reconciliations and Group expenses are included in Others. 23.322.2 21.225.4 22.925.2 YoY +1.1 +5% YoY (4.2) (17%) YoY (2.4) (9%) Q1 Q3 (Bil. Yen) Domestic +4.8 Overseas (2.0) Domestic +1.9 Overseas +0.7 +2.6 Domestic (1.4) Overseas (1.1) Domestic (2.0) Overseas (1.8) Domestic (0.0) Overseas +1.8 Domestic (1.5) Overseas (2.5) Domestic +0.6 Overseas (0.4) Domestic (0.6) Overseas (1.6) Domestic (1.2) Overseas (1.5) Mareven (0.7), Premier Foods (0.6) Thai President Foods +0.1, NURC +0.0 Mareven (0.4), Premier Foods +0.4 Thai President Foods +0.1, NURC +0.0 Mareven (0.5), Premier Foods (0.1) Thai President Foods +0.3, NURC +0.1 4
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36.1 31.9 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) 200.6 215.9 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) 12.0 12.8 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) 134.8 146.6 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) 29.5 29.4 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) 209.0 214.3 FY3/24 Q3 (Apr.-Dec.) FY3/25 Q3 (Apr.-Dec.) Revenue increased in all regions, especially driven by Brazil business. Profit decreased due to increased material costs in Americas, lower volumes at the U.S. business and profits decline of equity-method Mareven. Revenue of YORK and KOIKE-YA increased by double-digit percentage. Revenue increased at all businesses due to strong sales of Frozen Foods and CISCO in addition to price revision effects. Increase in revenue surpassed cost increase, resulted in profit increase. Financial Summary by Segment • Consolidated revenue increased by 6% YoY, with growth in all businesses. • Domestic business achieved higher profit despite increased costs. Overseas business saw a decline in profit, mainly due to the Americas business. Domestic Instant Noodles Business Domestic Non-Instant Noodles Business Overseas Business Revenue Core OP Revenue Core OP Revenue (Bil. yen) 250 50 Revenue 200 Core OP Revenue increased at both of two brands. At NISSIN FOOD, both core products and affordable products performed well and at MYOJO, main brands also performed well. Profit slightly decreased due to Increased costs. 10.0 20.0 Core OP 5 150 100 (Bil. yen) +2.5% (0.3%) +6.4% +8.7% +7.6% (11.5%) 40.0 30.0
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Amount Ratio Amount Ratio NISSIN FOOD PRODUCTS 180.1 + 3.0 + 1.7% 180.1 + 3.0 + 1.7% MYOJO FOODS 34.1 + 2.2 + 6.8% 34.1 + 2.2 + 6.8% Domestic Instant Noodles Business 214.3 + 5.2 + 2.5% 214.3 + 5.2 + 2.5% Chilled / Frozen foods and beverages 76.8 + 5.2 + 7.3% 76.8 + 5.2 + 7.3% Confectionery / Snack 69.8 + 6.5 + 10.3% 69.8 + 6.5 + 10.3% Domestic Non-Instant Noodles Business 146.6 + 11.8 + 8.7% 146.6 + 11.8 + 8.7% Domestic Others 5.6 + 1.1 + 23.7% 5.6 + 1.1 + 23.7% Domestic Business total 366.4 + 18.0 + 5.2% 366.4 + 18.0 + 5.2% The Americas 125.6 + 6.4 + 5.4% 123.7 + 4.5 + 3.8% China (incl. H.K.) 53.5 + 4.7 + 9.6% 50.4 + 1.5 + 3.1% Asia 17.6 + 1.9 + 12.4% 16.6 + 1.0 + 6.3% EMEA 19.2 + 2.3 + 13.5% 18.1 + 1.2 + 7.4% Overseas Business total 215.9 + 15.3 + 7.6% 208.8 + 8.3 + 4.1% Consolidated 582.3 + 33.4 + 6.1% 575.2 + 26.3 + 4.8% YoY changeBil. yen Institutional accounting basis Constant currency basis FY 3/2025 Q3 (Apr.-Dec.) YoY change FY 3/2025 Q3 (Apr.-Dec.) ・Revenue increased in all businesses, performed well Revenue Results by Segment * Results in China (Incl. H.K.) are based on the consolidation policy of NISSIN FOODS HOLDINGS. * Domestic Others includes new businesses. 6
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Amount Ratio Amount Ratio NISSIN FOOD PRODUCTS 26.7 0.1 26.6 (0.5) (2.0%) 26.6 (0.5) (2.0%) MYOJO FOODS 2.8 0.1 2.8 + 0.4 + 19.2% 2.8 + 0.4 + 19.2% Domestic Instant Noodles Business 29.5 0.2 29.4 (0.1) (0.3%) 29.4 (0.1) (0.3%) Chilled / Frozen foods and beverages 7.5 0.1 7.4 + 0.2 + 2.1% 7.4 + 0.2 + 2.1% Confectionery / Snack 5.0 (0.3) 5.4 + 0.6 + 13.1% 5.4 + 0.6 + 13.1% Domestic Non-Instant Noodles Business 12.5 (0.3) 12.8 + 0.8 + 6.4% 12.8 + 0.8 + 6.4% Domestic Others 1.0 0.0 1.0 (0.2) (19.9%) 1.0 (0.2) (19.9%) Domestic Business total 43.0 (0.1) 43.1 + 0.4 + 1.0% 43.1 + 0.4 + 1.0% The Americas 14.5 (0.0) 14.5 (3.6) (20.1%) 14.1 (4.0) (22.2%) China (incl. H.K.) 2.8 (2.5) 5.4 + 0.0 + 0.2% 5.1 (0.3) (5.6%) Asia 6.4 0.0 6.4 + 1.1 + 20.0% 6.0 + 0.7 + 13.1% EMEA 5.6 (0.1) 5.7 (1.6) (21.8%) 5.4 (1.9) (26.6%) Overseas Business total 29.3 (2.6) 31.9 (4.2) (11.5%) 30.5 (5.6) (15.4%) Domestic and Overseas Businesses total 72.3 (2.7) 75.0 (3.7) (4.7%) 73.6 (5.1) (6.5%) Other reconciliations (0.2) (0.0) (0.2) (0.1) - (0.2) (0.1) - Group expenses (7.4) - (7.4) (1.5) - (7.4) (1.5) - Existing Businesses 64.7 (2.7) 67.4 (5.4) (7.4%) 66.0 (6.8) (9.3%) New Businesses (4.2) (0.0) (4.2) (0.3) - (4.2) (0.3) - Consolidated 60.5 (2.7) 63.2 (5.7) (8.2%) 61.8 (7.1) (10.3%) Bil. yen OP Other Income and Expenses YoY change Core OP YoY change FY 3/2025 Q3 (Apr.-Dec.) Constant currency basisFY 3/2025 Q3 (Apr.-Dec.) Institutional accounting basis Core OP Core OP Results by Segment • Profit decreased mainly due to upfront investment in the U.S. business and lower profits at equity-method affiliates in Europe. *Results in China (Incl. H.K.) are based on the consolidation policy of NISSIN FOODS HOLDINGS. *Operating profit in the China region decreased mainly due to 2.7 Bil. yen in impairment losses on fixed assets in mainland China. 7
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Status of Our Businesses 8
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7.6 8.6 8.9 8.8 13.0 12.0 29.5 29.4 33.4 0 5 10 15 20 25 30 35 40 0.0 61.4 64.1 66.7 69.3 80.9 80.9 209.0 214.3 285.0 0 50 100 150 200 250 300 350 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Domestic Instant Noodles Business MYOJO FOODS (Apr.-Dec. +19%) +) Increased in profit due to increased sales - ) Increased raw material costs etc. NISSIN FOOD PRODUCTS (Apr.-Dec. -2%) +) Increased in profit due to increased sales - ) Increased raw material costs and distribution costs etc. • Profit slightly decreased due to increased material costs etc. despite core brands performed well. 12.4% 13.4% 14.1% 13.7% 13.3% 12.7% 11.7% Cup type : IPPEICHAN YOMISE NO YAKISOBA and BUBUKA ABURA SOBA performed well Bag type : Strong of CHARMERA remained strong Cup type : Sales of mainstay products such as CUP NOODLE, NISSIN NO DONBEI, and NISSIN YAKISOBA U.F.O. remained steady. New products such as NISSIN NO KIKI DONBEI series and winter limited CUP NOODLE KUSEUMA series also contributed Bag type : New Product NISSIN RAOH 3-MEAL PACK performed well MYOJO FOODS (Apr.-Dec. +7%) NISSIN FOOD PRODUCTS (Apr.-Dec. +2%) Revenue (Bil. Yen) FY 3/2024 FY 3/2025 Core Operating Profit %：Core OPM (Bil. Yen) 9 16.0% 14.8% Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec.
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4.3 4.7 3.7 3.9 4.0 4.1 12.0 12.8 14.0 0 2 4 6 8 10 12 14 16 0.0 44.0 48.5 43.7 47.9 47.1 50.2 134.8 146.6 192.5 0 50 100 150 200 250 0.0 20.0 40.0 60.0 80.0 Chilled Foods Apr.-Dec. : Decreaseddue to higher COGS ratio despite increased sales Frozen Foods Apr.-Dec. : Increased due to strong performance despite increased raw material costs etc. YORK Apr.-Dec. : Increased due to strong performance despite increased raw material costs etc. CISCO Apr.-Dec. : Increased due to price revision etc. despite increased raw material costs etc. BonChi Apr.-Dec. : Increased due to strong performance etc. despite increased raw material costs etc. KOIKE-YA Apr.-Dec. : Increased due to price revisions and improved profitability in overseas businesses, despite the increased raw material costs and advertising expenses. Domestic Non-Instant Noodles Business • YORK saw its strong performance of PILKUL 400. High-value-added products of KOIKE-YA and cereal products of CISCO also performed well. All contributed to the growth. Overall business profit increased despite increase of raw material costs and marketing costs. Chilled Foods (Apr.-Dec. +4%) : New product CHILLED NISSIN YAKISOBA U.F.O. contributed, in addition to strong performance of MEITEN series and MEN NO TATSUZIN. Frozen Foods (Apr.-Dec. +5%) : New product REITO NISSIN SPAOH KISSATEN contributed in addition to strong performance of REITO NISSINCYUKA SHIRUNASHI TANTAN MEN YORK (Apr.-Dec. +15%) : PILKUL 400 series and TOKACHI DRINK YOGURT series performed well CISCO (Apr.-Dec. +9%) : Cereal products such as CISCORN and GOROGURA series performed well BonChi (Apr.-Dec. +9%) : Family packs and value-priced products such as BONCHIAGE and PONSUKE performed well KOIKE-YA (Apr.-Dec. +11%) : KOIKE-YA PRIDE POTATO series performed well in addition to price revision effects. 9.7% 9.8% 8.9% 8.7% 8.5% 8.2% 7.3% Revenue (Bil. Yen) Core Operating Profit %：Core OPM (Bil. Yen) 10 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. FY 3/2024 FY 3/2025 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. 8.4% 8.1%
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Revenue* Volume Revenue* Volume U.S. -8% -high-single digit % -1% -low-single digit % Mexico -2% -low-double digit % -2% -high-single digit % Brazil +18% +low-double digit % +14% +high-single digit % 6.3 6.1 7.0 4.8 4.9 3.6 18.1 14.5 22.7 0 5 10 15 20 0.0 34.4 42.0 42.3 42.5 42.5 41.2 119.2 125.6 176.5 0 50 100 150 200 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 The Americas • Revenue (Apr.-Dec.) increased YoY mainly due to Brazil business, where production is recovering, despite lower sales volume in the U.S. business. Profit decreased due to increased costs. Oct. - Dec. YoY . Revenue (Bil. Yen) Core Operating Profit %：Core OPM (Bil. Yen) 18.2% 14.5% 15.2% 11.5% 16.5% 11.3% 12.9% U.S. Apr.-Dec. : Decreased due to increased distribution and raw material costs in addition to lower sales volume (Forex impact +0.6 Bil. yen) Mexico Apr.-Dec. : Decreased mainly due to lower sales volume for exports (Forex impact -0.0 Bil. yen) Brazil Apr.-Dec. : Decreased due to increased raw material costs despite higher sales volume (Forex impact -0.2 Bil. yen) * Revenue increase/decrease in the U.S. represents the sum of NISSIN FOOD (U.S.A.) and MYOJO U.S.A. * Revenues are based on actual exchange rates for the previous fiscal year. * Volumes presented on a management accounting basis. Apr.-Dec. YoY 11 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. FY 3/2024 FY 3/2025 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. 11.5% 8.8% U.S. Apr.-Dec. : Increased partly due to forex impact despite lower sales volume at stores in some areas although sales measures are strengthened (Forex impact +4.2 Bil. yen) Mexico Apr.-Dec. : Decreased due to lower volume for exports despite price revisions (Forex impact -0.1 Bil. yen) Brazil Apr.-Dec. : Increased due to recovery in production volume through the strengthening of production system (Forex impact -2.2 Bil. yen)
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1.3 1.3 2.2 2.4 1.8 1.7 5.4 5.4 7.7 0 2 4 6 8 10 0.0 14.9 16.5 18.1 19.0 15.9 18.1 48.8 53.5 74.0 0 20 40 60 80 0.0 5.0 10.0 15.0 20.0 25.0 30.0 Hong Kong and others Apr.-Dec.: Sales volume increased by a low single-digit% YoY, with the recovery in sales volume of bag-type noodles. The new consolidations also contributed to the sales growth. (Forex impact +1.3 Bil. yen) Mainland China Apr.-Dec.: Increased due to higher sales volume (Forex impact +1.8 Bil. yen) Sales volume of mainstay cup type noodles improved due to expansion of sales channels to inland areas China (incl. H.K.) * Revenues are based on actual exchange rates for the previous fiscal year and volumes presented on a management accounting basis in Hong Kong and Mainland China ** Financial results in China (including H.K.) are based on the consolidation policy of NISSIN FOOD HOLDINGS *** Business in Vietnam Co., Ltd. has been included in H.K.and others. In September, Gaemi Food became a consolidated subsidiary and began the snack business in South Korea. In December, ABC Pastry became a consolidated subsidiary and began the frozen foods business in Australia. **** Operating profit in the China region decreased mainly due to 2.7 Bil. yen in impairment losses on fixed assets in mainland China. • Revenue and profit increased in the segment as a whole. Sales growth was driven by cup-type products in Mainland China. Mainstream bag-type products in Hong Kong returned to a recovery trend. Apr.-Dec. YoY 8.7% 8.1% 11.0% 10.0% 12.4% 12.4% 10.4% Revenue* Volume* Hong Kong and others +4% +low-single digit % Mainland China +3% +mid-single digit % Hong Kong and others Apr.-Dec.: Increased due to new subsidiaries and strong performance of instant noodles business, which covered depreciation and amortization (Forex impact +0.1 Bil. yen) Mainland China Apr.-Dec.: Decreased due to increasing material costs despite increased sales volume of cup type noodles (Forex impact +0.2 Bil. yen) Revenue (Bil. Yen) Core Operating Profit %：Core OPM (Bil. Yen) 12 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. FY 3/2024 FY 3/2025 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. 11.5% 9.2%
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13.2% 10.7% 11.1% 11.7% 10.3% 10.9% 11.6% 11.1% 4.0% 14.0% 1.7 2.1 1.8 2.1 1.9 2.1 5.3 6.4 7.1 0 5 10 0.0 5.2 6.0 5.2 5.9 5.2 5.7 15.6 17.6 23.0 0 5 10 15 20 25 30 0.0 2.0 4.0 6.0 8.0 10.0 Thai President Foods Apr.-Dec.: 2.8 Bil. yen (YoY: +0.6 Bil. yen (Forex impact +0.15 Bil. yen)) NURC Apr.-Dec.: 1.6 Bil. yen (YoY: +0.3 Bil. yen (Forex impact +0.1 Bil. yen)) Asia Thailand Apr.-Dec.: Increased (Forex impact +0.4 Bil. yen) India Apr.-Dec.: Increased (Forex impact +0.3 Bil. yen) Singapore Apr.-Dec.: Increased (Forex impact +0.2 Bil. yen) Indonesia* Apr.-Dec.: Increased (Forex impact +0.1 Bil. yen) • Revenue increased, and profit also increased, in addition to the contribution of equity method gains. In Thailand, high-value-added bag-type noodles performed well. Thailand Apr.-Dec. : Increased (Forex impact +0.07 Bil. yen) Singapore Apr.-Dec. : Decreased (Forex impact +0.03 Bil. yen) Indonesia* Apr.-Dec. : Increased (Forex impact +0.01 Bil. yen) India Apr.-Dec. : Decreased (Forex impact +0.00 Bil. yen) By descending order of profit (excluding companies accounted for using the equity method) Gain (loss) on investments accounted for using the equity method By descending order of revenue *Including business in Malaysia *Excluding equity-method Revenue (Bil. Yen) Core Operating Profit %：Core OPM (Bil. Yen) 13 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. FY 3/2024 FY 3/2025 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec.
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5.4% 7.1% 11.5% 5.5% 4.1% 4.9% 7.2% 5.8% 1.0% 11.0% 2.4 2.1 3.1 1.6 1.8 2.0 7.3 5.7 8.7 0 5 10 0.0 5.2 6.2 6.2 6.5 5.5 6.5 16.9 19.2 26.0 0 5 10 15 20 25 30 0.0 2.0 4.0 6.0 8.0 10.0 EMEA • Revenue continued to increase in the rapidly growing instant noodles market, but profit decreased mainly due to profit decline in equity method Mareven. Mareven Apr.-Dec. : 1.6 Bil. Yen (YoY: -1.6 Bil. yen (Forex impact -0.0 Bil. yen)) Premier Foods Apr.-Dec. : 3.0 Bil. Yen (YoY: +0.1 Bil. yen (Forex impact +0.3 Bil. yen)) EMEA Apr.-Dec.: Decreased (Forex impact +0.0 Bil. yen) Gain (loss) on investments accounted for using the equity method Revenue (Bil. Yen) Core Operating Profit %：Core OPM (Bil. Yen) 14 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. FY 3/2024 FY 3/2025 Q1 Q2 Q3 FY3/2025 Plan Apr.-Dec. *Excluding equity-method EMEA Apr.-Dec.: Increased (Forex impact +1.0 Bil. yen) • All three major brands, Cup Noodles, Soba and Demae Ramen continued to perform well • Increased mainly in the U.K.
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Appendix 15
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FY 3/2025 Full-Year Earnings Plan • We aim for revenue growth of 7.1% YoY and core operating profit of existing businesses is projected to increase by 5.0% YoY to 84.6 billion yen. • We also aim for record highs in both revenue and profit at each stage. *Yen-based presentation of earnings plan are based on actual exchange rates for FY 3/2024 Revenue 785.0 Bil. yen +7.1% Core Operating Profit of Existing Businesses Mid-single digit growth at +6% 84.6 Bil. yen +5.0% Operating profit 76.0 ~ 80.0 Bil. Yen +3.6 ~ +9.0% Profit attributable to owners of the parent 54.5 ~ 57.5 Bil. Yen +0.6 ~ +6.1% EPS 179 ~ 189 Yen/Share YoY Mid-single digit growth Invest in new businesses at an amount between 5% to 10% of core operating profit of existing businesses Disclosed on May 13, 2024 Reprinted materials from "Financial Results for FY 3/2024" 16
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Revenue (IFRS) Core Operating Profit (Non-GAAP) FY 3/2024 Results FY 3/2024 Results Revenue YoY change Core OP YoY change NISSIN FOOD PRODUCTS 241.5 232.2 + 9.3 + 4.0% 30.5 29.5 + 1.0 + 3.2% MYOJO FOODS 43.5 43.5 + 0.0 + 0.1% 2.9 2.7 + 0.2 + 5.9% Domestic Instant Noodles Business 285.0 275.7 + 9.3 + 3.4% 33.4 32.3 + 1.1 + 3.4% Chilled / Frozen foods and beverages 101.0 95.2 + 5.8 + 6.1% 8.5 7.7 + 0.8 + 10.4% Confectionery / Snack 91.5 85.2 + 6.3 + 7.5% 5.5 4.9 + 0.6 + 11.5% Domestic Non-Instant Noodles Business 192.5 180.4 + 12.1 + 6.7% 14.0 12.6 + 1.4 + 10.8% Domestic Others 8.0 6.1 + 1.9 + 31.5% 0.9 (2.1) + 3.0 - Domestic Business total 485.5 462.1 + 23.4 + 5.1% 48.3 42.8 + 5.5 + 12.9% The Americas 176.5 160.3 + 16.2 + 10.1% 22.7 21.5 + 1.2 + 5.4% China (incl. H.K.) 74.0 66.5 + 7.5 + 11.4% 7.7 8.1 (0.4) (4.4%) Asia 23.0 20.7 + 2.3 + 11.0% 7.1 6.6 + 0.5 + 8.3% EMEA 26.0 23.3 + 2.7 + 11.6% 8.7 9.5 (0.8) (8.9%) Overseas Business total 299.5 270.8 + 28.7 + 10.6% 46.2 45.7 + 0.5 + 1.1% Domestic and Overseas Businesses total 785.0 732.9 + 52.1 + 7.1% 94.5 88.5 + 6.0 + 6.8% Other reconciliations - - - - (0.0) Group expenses - - - - (7.8) Existing Businesses 785.0 732.9 + 52.1 + 7.1% 84.6 80.6 + 4.0 + 5.0% (8.0) (1.8) - ~ (4.0) ~ + 2.2 - 76.6 + 2.2 + 2.9% ~ 80.6 + 6.2 ~ + 8.3% - Bil. Yen FY 3/2025 Plan FY 3/2025 Plan (9.9) (2.0) 74.4 New Businesses - - - - (6.2) Consolidated 785.0 732.9 + 52.1 + 7.1% FY 3/2025 Plan by Segment *China (including H.K.) strategy and related targets, financial results plan are established independently by NISSIN FOODS HOLDINGS Disclosed on May 13, 2024 Reprinted materials from "Financial Results for FY 3/2024" 17
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Revenue and Volume in the Americas and Overseas (YoY) * Revenue are based on actual exchange rates for the previous fiscal year. * Volume are stated on a management basis. * Revenue growth in the U.S. is the sum of NISSIN FOODS (U.S.A.) and MYOJO U.S.A. YoY Q3 (Oct.-Dec.) Q4 (Jan.-Mar.) Q1 (Apr.-Jun.) Q2 (Jul.-Sep.) Q3 (Oct.-Dec.) FY3/2025 Plan Revenue* Volume Revenue* Volume Revenue* Volume Revenue* Volume Revenue* Volume Revenue* Volume U.S. -1% +low-single digit % +0% +high-single digit % +1% +low-single digit % +4% +low-single digit % -8% -high-single digit % +mid-single digit % +mid-single digit % Mexico +19% +low-double digit % +14% +low-double digit % -6% -10% level +0% -mid-single digit % -2% -low-double digit % +10% level +10% level Brazil +2% -high-single digit % -2% -low-double digit % +31% +20% level +0% -mid-single digit % +18% +low-double digit % +10% level +10% level Overseas total -0% -low-single digit % +1% Flat range +6% +high-single digit % +2% Flat range +4% +low-single digit % +11% +10% level FY3/2024 FY3/2025 Base products : +low-single digit % Premium products : +10% level 18
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Major Price Revisions (Domestic) *Revision rate in parentheses *As of February 2025 Jun.(NISSIN FOOD 5-12%、 MYOJO 6-12%) Mar.(7-17%) Mar.(6-20%) Mar. 2022 (6-12%) Mar. 2022 (6-13%) Feb.-Nov. (Revision of price and volume etc.) Jun.(5-14%) Jun. 2019 (NISSIN FOOD 4-8%、 MYOJO 3-7%) Apr. 2019 (3-9%) Jun.-Jul. 2019 (7-9%) Mar.-Apr. (3-10%) Jun. (NISSIN FOOD 10-13% MYOJO 9-12%) Jun. 30 (6-25%) Jul. (Revision of price and volume etc.) Aug.-Sep. (Revision of price and volume etc.) Sep. 1 (5-20%) Sep., Nov. (Revision of price) Jun.-Jan. (Revision of price and volume etc.) Apr., Sep.-Oct. (Revision of price and volume etc.) Sep. 1 (5%) Oct. (Revision of price and volume etc.) Aug.-Sep. (Revision of price and volume etc.) Sep. (Revision of price and volume etc.) NISSIN FOOD PRODUCTS MYOJO FOODS CHILLED FOODS FROZEN FOODS YORK CISCO BonChi KOIKE-YA Chilled / frozen foods and beveragesConfectionery / Snack Instant Noodles Business FY 3/2023 FY 3/2024 FY 3/2025FY 3/2020 ~ FY 3/2022 19 FY 3/2026 Apr. (NISSIN FOOD, Cup rice 11%) Mar. 1 (5-12%) Mar. 1 (5-12%) Feb. 1 (Revision of price)
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Major Price Revisions (Overseas) Brazil China (incl. H.K.) Asia EMEA FY 3/2022 FY 3/2023 FY 3/2024FY 3/2020 – FY 3/2021 U.S. Mexico * Implemented for each channel * *As of February 2025 FY 3/2025 Aug. Average 36% (Bag, Cup) Mainland China： Mar. (Bag, Cup) Jan. (Bag, Cup)May (Bag, Cup)Apr. 2019 (Bag, Cup) Feb. 2021 (Bag, Cup) May (Bag, Cup)Feb. (Bag, Cup)Jul. (Bag)Nov. 2020 (Bag, Cup) May 2020 (Bag, Cup) H.K.：Apr. (Bag, Cup) Oct.Mar.May-Jun.Implemented gradually H.K. : Sep. (Bag) H.K. Jul. 2019 (Cup) Implemented in some regions Implemented in some regions Oct.- (Bag, Cup) Jan.-Apr. (Bag, Cup)Implemented gradually (Bag, Cup) Implemented in each region Implemented in some regions Jun. (Bag, Cup) Sep. - Oct. The Americas Jul. (Bag) Implemented in some regions 20 Feb. (Bag, Cup)
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Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks and uncertainties. These risks and uncertainties include intensifying price competition in the market, changes in economic trendssurrounding the business environment, exchange rate fluctuations, and significant market fluctuations in the capital markets. The purpose of this document is only to provide information for reference in making investment decisions and is not a solicitation for investment. Use your own judgment when selecting stocks and making final investment decisions. • These presentation materials are available in PDF format at our official website, under Financial Statements & Presentation Materials https://www.nissin.com/en_jp/ir/library/materials/ • Figures in this document are calculated to the thousands of yen, rounded to the nearest hundred million yen. Therefore, detailed calculations and total amounts may not agree • As a general rule, fiscal years in this document run from April 1, 20YY through March 31, 20YY , and may be written as FY 3/20YY • Results from China (Incl. H.K.) are based on the consolidation policy of NISSIN FOODS HOLDINGS. Disclosure may differ from that of NISSIN FOODS CO., LTD. (Located in H.K.) China (Incl. H.K.) strategy and related targets, financial results forecasts are established independently by NISSIN FOODS HOLDINGS 21