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

Food: Increased Income - Sales Growth of Core Products, Cost Reduction and Decrease in Raw Material Costs

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Changes in operating Income for FYE March 2017
Food segment: Operating income JPY 82.9 billion

 • YoY increase of JPY 14.6 billion
Continued sales growth of core products such as probiotics and chocolate
Raw materials costs decreased
Retirement benefit costs, amortization costs increased

 • Increased by JPY 2.9 billion compared to revised plan released in February 2017
Strong chocolate demand propelled income, although it might seem difficult to exceed last year's Q4 sales