Food: Business in China - Realize Solid Growth with Profit Increase

Meiji Holdings Co., Ltd. Financial Results - For the First Half of FYE March 2018 -

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	Financial Results - For the First Half of FYE March 2018 -

	Contents

	1. Overview for the First Half

	2. Outlook for the Second Half and Full-year Summary - FYE March 2018 Use of Cash Flows Food: Grow in Sales of Domestic Core Products and International Business, and Reduce Cost Food: Steadily Grow Sales of Probiotics and Yogurt Food: Continue Sales Growth of Chocolate - Health and Premium Food: Bean to Bar - Meiji's strength Food: Change the Packaging for Drinking Milk Food: Business in China - Realize Solid Growth with Profit Increase Food: Establish Integrated R&D System and Create Unique Values Pharma: Steady Sales Growth and Further Low-Cost Operation Pharma: Steady Sales Growth Focusing Mainstay Brand-name Drugs and Generic Drugs in Japan (1) Pharma: Steady Sales Growth Focusing Mainstay Brand-name Drugs and Generic Drugs in Japan (2) Pharma: Started Selling Generic Drugs Manufactured in Medreich on Schedule in Japan Pharma: Establish Quality Control System Comply with Japanese GMP

	Appendix

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Food: Business in China - Realize Solid Growth with Profit Increase

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Business in China
Recording significant growth - turn into profit generating in full year

Projections for milk and yogurt

• Chilled milk - expecting further growth

◾ Sales through convenience stores are favorable, turnover rate is also increasing.

◾ Expanded production lines with strong demand

◾ Expanding sales areas

• Yogurt - expanding product lineups to match local needs, achieving steady growth

◾ Severe market conditions - competition with local and overseas manufacturers

◾ Use our expertise - Meiji Bulgaria Yogurt