Food: Structural Reform in Processed Food business: Selection and Concentration Resulted in Improved Profitability

Meiji Holdings Co., Ltd. Financial Results- For the First Half of FYE March 2017 -

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	Financial Results - For the First Half of FYE March 2017 -

	1. Overview for the First Half

	2. Outlook for the Second Half and Full-year

	3. Progress in STEP UP 17 strategy: Our strategic efforts to address issues Food: Increase in Sales and Market Share of Core Products Enhancing Added Values (1) Food: Increase in Sales and Market Share of Core Products Enhancing Added Values (2) Food: Structural Reform in Processed Food business: Selection and Concentration Resulted in Improved Profitability Food: Establish Effective Logistics System to Decrease Logistics Costs Food: Increase Profitability by Expanding Sales in Overseas Business Phama: Establish Market Presence for Newly Launched Products and Boost Sales of Existing Products in Domestic Business Phama: Execute expansion strategy and contribute to profit in Overseas Business Phama: Focus on Our Expertise to Develop New Drugs

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	Appendix

Food: Structural Reform in Processed Food business: Selection and Concentration Resulted in Improved Profitability

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Processed Food
Working on structural reform over the last several years. As part of efforts to streamline our product lines, we discontinued some of our products such as chocolate drink powder.
The operating income margin has been improving significantly, 1% in FYE March 2015 is now 5% in H1 of this FY.
Focusing our resources on competitive products and pursue added-value to improve overall business profitability.

- Hokkaido Tokachi Camembert Cheese in the cheese products

- Essel and GOLD LINE in the ice cream products

- Cream products and Cocoa products for the professional use