Changes in Profitability after Management Integration

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	Financial Results - For the FYE March 2017 -

	Contents

	1. Overview for the FYE March 2017 Food: Increased Income - Sales Growth of Core Products, Cost Reduction and Decrease in Raw Material Costs Pharma: Decreased Income - NHI Price Revisions and Increased Expenses, Despite Promotion of Newly Launched Products Summary - FYE March 2017 Changes in Profitability after Management Integration

	2. Outlook for the FYE March 2018

	3. The Meiji Group 2026 Vision (outline)

	Appendix

	Back cover

Profitability continuing to improve

Shareholder returns through increased dividends and stock buybacks

Continued medium- to long-term growth