Meiji Holdings Co., Ltd. Meiji Holdings Co., Ltd. Financial Results for the First Half of FYE March 2019  


Food: Yogurt: Sustainable growth, Functional yogurt: Return to growth with strategic marketing

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Functional yogurt
The First Half

 • Confirmed that TV commercials were effective, though both R-1 and LG21 straggled

 • Customers are attracted by many fermented milk drinks in the market

The Second Half

Put functional yogurt back on track

 • Aggressive marketing during winter time, the peak demand season for R-1

 • Boost sales using TV commercial and in-store marketing


Plain yogurt
The First Half

Meiji Bulgaria Yogurt up 2% YoY

 • Reduced volume (450 g to 400 g) and price (down JPY 10) in April

 ▸ Retail price gap narrowed – Price of Meiji Bulgaria Yogurt is JPY 10 higher than competitor products

 ▸ Consumers purchase Meiji Bulgaria Yogurt because of its strong brand value

The Second Half

 • Launch new products such as iron and calcium-fortified yogurt and Meiji Bulgaria Yogurt Simple Plain (drinking yogurt)

 • Grow sales further in H2