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DEAR SHAREHOLDERS,

 

On behalf of the board of directors (“the Board”) of Nissin Foods Company Limited (the “Company”), I am delighted to present the Annual Report of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2019.

 

The Group achieved an outstanding performance in 2019. In particular, the revenue for PRC operation (recorded in RMB basis) achieved a double-digit growth for the second consecutive year while profit attributable to owners of the company increased by 22.2% over that of the last fiscal year. Although continuous social unrest in Hong Kong and trade friction between China and United States negatively impacted general business condition, consumption upgrade in the PRC remained unchanged thus benefiting the Group’s sale. Against the backdrop favourable to the Group, we have delivered unique, innovative and diversified products, including Cup Noodles (合味道) and Demae Iccho (出前一丁) through expanded distribution channels and business territories so as to provide added values and delights to our stakeholders including customers and shareholders.

 

I anticipate the spread of novel coronavirus globally is likely to dampen the economic situation in 2020. However, the Group continues to invest in talents and businesses, promote localisation in business and management, strengthen the competitiveness, and aim for sustainable profit growth. The Group will endeavour to maintain and improve the confidence and trust of shareholders at the same time.

 

Lastly, with our top managements and employees, I share the beliefs of our founder, Mr. Momofuku Ando, which are also our management philosophies, being “Peace will come to the world when there’s enough food (『食足世平』)”, “Create foods to serve society (『食創為世』)”, “Eat wisely for beauty and health (『美健賢食』)”, and “Food related jobs are sacred profession (『食為聖職』)”. Based on these beliefs, the Group is also fully committed to ensuring stable food supply to the society even under challenging situation.

 

HOW WE WANT TO CHANGE THE SOCIETY AND COMMUNITY?

We wish to further integrate Nissin brand instant noodles and other products into our customers’ food habit and culture in Hong Kong and China.

 

To meet the growing expectation and needs of customers, we strive to keep up with the evolving market and the changing tastes and preference of consumers. Despite constant change in our economy, we will continue to work steadily with complete dedication to ensure excellent food safety and deliver high quality offering in order to give our customers peace of mind. At the same time, we will introduce new joyful delights and surprises to enrich our customers’ lives. In delivering these core values through our product offerings, we are confident that our revenue and margin will continue to improve.

 

ACTION PLAN

In the core business, the Group will continue to evolve instant noodles products by developing new innovative products and enhancing the quality of instant noodles in order to convey new instant noodles offerings to customers. Also, we will continuously facilitate in-house production thereby further lower the cost of sales.

 

The non-instant noodle business, including granola products, Kagome brand products, potato chips and others, will contribute to business performance as the second pillar of the Group’s business, sharing the Group’s shared service platform and distribution network with core business. We will further reinforce sales in granola products, Kagome brand fruit and vegetable juices products and others.

 

Kiyotaka Ando

Chairman

DEAR SHAREHOLDERS,

 

On behalf of the board of directors (“the Board”) of Nissin Foods Company Limited (the “Company”), I am delighted to present the Annual Report of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2019.

 

The Group achieved an outstanding performance in 2019. In particular, the revenue for PRC operation (recorded in RMB basis) achieved a double-digit growth for the second consecutive year while profit attributable to owners of the company increased by 22.2% over that of the last fiscal year. Although continuous social unrest in Hong Kong and trade friction between China and United States negatively impacted general business condition, consumption upgrade in the PRC remained unchanged thus benefiting the Group’s sale. Against the backdrop favourable to the Group, we have delivered unique, innovative and diversified products, including Cup Noodles (合味道) and Demae Iccho (出前一丁) through expanded distribution channels and business territories so as to provide added values and delights to our stakeholders including customers and shareholders.

 

I anticipate the spread of novel coronavirus globally is likely to dampen the economic situation in 2020. However, the Group continues to invest in talents and businesses, promote localisation in business and management, strengthen the competitiveness, and aim for sustainable profit growth. The Group will endeavour to maintain and improve the confidence and trust of shareholders at the same time.

 

Lastly, with our top managements and employees, I share the beliefs of our founder, Mr. Momofuku Ando, which are also our management philosophies, being “Peace will come to the world when there’s enough food (『食足世平』)”, “Create foods to serve society (『食創為世』)”, “Eat wisely for beauty and health (『美健賢食』)”, and “Food related jobs are sacred profession (『食為聖職』)”. Based on these beliefs, the Group is also fully committed to ensuring stable food supply to the society even under challenging situation.

 

HOW WE WANT TO CHANGE THE SOCIETY AND COMMUNITY?

We wish to further integrate Nissin brand instant noodles and other products into our customers’ food habit and culture in Hong Kong and China.

 

To meet the growing expectation and needs of customers, we strive to keep up with the evolving market and the changing tastes and preference of consumers. Despite constant change in our economy, we will continue to work steadily with complete dedication to ensure excellent food safety and deliver high quality offering in order to give our customers peace of mind. At the same time, we will introduce new joyful delights and surprises to enrich our customers’ lives. In delivering these core values through our product offerings, we are confident that our revenue and margin will continue to improve.

 

ACTION PLAN

In the core business, the Group will continue to evolve instant noodles products by developing new innovative products and enhancing the quality of instant noodles in order to convey new instant noodles offerings to customers. Also, we will continuously facilitate in-house production thereby further lower the cost of sales.

 

The non-instant noodle business, including granola products, Kagome brand products, potato chips and others, will contribute to business performance as the second pillar of the Group’s business, sharing the Group’s shared service platform and distribution network with core business. We will further reinforce sales in granola products, Kagome brand fruit and vegetable juices products and others.

 

Kiyotaka Ando

Chairman

The sole purpose of the website of NISSIN FOODS COMPANY LIMITED (hereafter "this website") is to provide information to enable shareholders, investors and other stakeholders to understand the business activities, management policies and plans, financial condition and other matters concerning NISSIN FOODS COMPANY LIMITED (the "Company") or its subsidiaries, associated or affiliated companies, and is not intended to constitute an offer or solicitation with respect to the purchase or sale of the Company's shares or any other investments. Investors are requested to make investment decisions based on their specific investment objectives and financial positions.

Although the Company exercises due care when posting information and materials on this website, the information provided may contain inaccurate statements or other inappropriate information resulting from computer malfunction or tampering by a third party, and the Company makes no representation or warranty whatsoever regarding the accuracy, completeness, usefulness or reliability of posted content. In addition, the Company assumes no responsibility whatsoever for any loss or damage arising from or in connection with use of this website, regardless of the reason, including the use of posted information, any errors in or omission of the information, or the downloading of data.
The content posted on this website other than the past or present facts may consist of plans, future projections, or strategies based on currently available information that may involve risks and uncertainties. Thus, actual results may vary materially from these projections due to unforeseeable risks or uncertainties pertaining to the fast changing economic environment, fluctuation of market trends, or changes in legislations where we operate our businesses.
Users of this website should be fully aware that information disclosed on the website may be delayed, may not contain all the information that the Company discloses to the securities exchanges and others, and may contain expressions that differ from those used in disclosures made to the securities exchanges and others. The Company may modify or remove the contents of this website at its discretion without prior notice.

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8. LINKS
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11. MODIFICATIONS TO SERVICE
Nissin Foods Company Limited reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. You agree that Nissin Foods Company Limited shall not be liable to you or to any third party for any modification, suspension or discontinuance of the Service.

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