NH Foods Group
Data Book
2023
Issued on July 31, 2023

Financial data
As of July 31, 2023

2

Consolidated Financial
Statements (past ten years)

4

Consolidated Financial
Summary

8

Segment Information

10

Consolidated Financial
Statements (IFRS)

13

Stock Information

Financial data

Consolidated Financial Statements (past ten years)
NH Foods Ltd. and Subsidiaries
For the Years Ended March 31
Net sales
Operating income
Profit before tax[Net profit for the period from continuing operations before income taxes, etc.]

Profit attributable to owners of the parent[Net profit attributable to owners of the parent]

Business profit
Total assets
Total equity attributable to owners of the parent
Interest-bearing liabilities
Cash flows from operating activities
Cash flows from investing activities
Free cash flow
Cash flows from financing activities
Capital expenditures
Depreciation and amortization

USGAAP

IFRS(¥ million)

3/14

3/15

3/16

3/17

3/18

3/18

3/19

3/20

3/21

3/22

3/23

¥1,110,766
36,0891,199,956
47,7701,229,324
49,2071,202,293
53,802

1,269,201
49,2181,258,463
ー

1,234,180
ー

1,229,826
ー

1,106,351
ー

1,151,886
ー

1,259,792
ー

35,673

43,79735,30949,11250,45552,79830,26727,03947,604

51,76022,162

24,52431,04821,77935,004

37,14737,552

19,561

19,21432,61648,04916,637

ー

ー

ー

ー

ー

627,220
320,984
144,901
32,952(27,021)
5,931(9,373)29,152
18,649661,567
353,664
136,758
29,681(31,517)(1,836)(17,187)
35,694
18,951

682,855
356,353
154,583
52,535(49,139)
3,396
8,182
36,79919,445720,276
404,126
138,284
65,254(38,271)
26,983(11,439)
43,765
19,765755,076
440,793
110,948
54,626(49,006)
5,620(27,508)
41,466
21,23450,589734,528
417,982
111,401
53,284(48,194)
5,090(27,110)
41,201
20,71438,311
741,388
401,014147,00930,844(45,110)(14,266)
2,932
47,82022,417

43,772
768,861
404,414
176,493
65,464(36,728)
28,736(3,077)47,80233,03852,426825,405
433,595
193,750
82,518(57,827)
24,691(14,934)
82,90233,93948,116909,213479,069
211,407
33,387(22,837)
10,550(12,162)
80,39536,37925,596
937,155
492,913242,055
11,331(63,677)(52,346)
28,41767,51938,379¥182.94(¥3.79)¥244.23¥297.70¥7.16¥304.86¥245.56(¥31.72)¥213.84¥343.59(¥0.12)¥343.47¥348.46ー¥352.26
ー¥183.21
ー¥186.70ー¥348.46¥352.26¥183.21¥186.70¥311.13¥6.84¥317.97¥381.91¥88.01¥469.92¥176.27(¥13.83)¥162.44¥225.27(¥3.44)¥221.83¥3,151.94¥37.00¥279.50¥6.72¥286.22¥3,472.37¥46.00¥230.61(¥29.72)¥200.89¥3,498.72¥33.00¥322.66(¥0.12)¥322.54¥3,832.95¥52.00¥342.07ー¥350.00ー¥181.48ー¥186.64ー¥342.07¥4,100.70¥53.00¥350.00¥3,888.48¥53.00¥181.48¥3,896.64¥90.00¥186.64¥3,929.43¥90.00¥311.05¥6.84¥317.89¥4,243.70¥94.00¥381.82¥87.99¥469.81¥4,681.82¥102.00¥176.25(¥13.83)¥162.42¥4,808.70¥110.00

4.0
ー

3.1
ー

3.6
ー

4.6
ー

4.0
ー

2.2
ー

9.4
6.6

4.8
4.9

4.8
5.3

7.8
5.9

10.5
5.0

3.4
2.4

Per share amounts
Basic earnings per share[Basic net profit per share attributable to owners of the parent]

Continuing operations (¥)
Discontinued operations (¥)
Total (¥)
Diluted earnings per share [Diluted earnings per share for the period
attributable to owners of the parent]

Continuing operations (¥)
Discontinued operations (¥)
Total (¥)
Total equity per share attributable to owners of the parent (¥)
Cash dividends (¥)

Financial indicators
ー

ー

ー

ー

ー

3.2
8.0
4.9

4.0
9.2
6.4

4.0
6.1
6.5

4.5
9.2
7.0

3.9
8.8
6.2

Total equity attributable to owners of the parent ratio[Total equity ratio] (%)

51.2

53.5

52.2

56.1

58.4

56.9

54.1

52.6

52.5

52.7

52.6

Interest-bearing liabilities / Equity ratio[Equity ratio] (Times)

0.45

0.39

0.43

0.34

0.25

0.27

0.37

0.44

0.45

0.44

0.49

Interest coverage ratio (Times)
Payout ratio (consolidated) (%)

21.3
30.3

24.2
30.2

35.1
30.9

57.4
30.3

44.7
30.4

43.1
30.1

24.2
49.1

40.6
48.2

61.6
29.6

27.9
21.7

6.3
67.7

Business profit ratio (%)
Operating profit ratio (%)
Return on equity (ROE) (%)
Return on invested capital (ROIC) (%)

2

Financial data
Notes:
1.

NH Foods Ltd. has voluntarily applied International Financial Reporting Standards (IFRS) to consolidated financial statements for the first quarter of the fiscal year ended March 31, 2019.
Where items differ from the USGAAP or IFRS standards, the corresponding USGAAP item is shown in [ ].

2.

Figures have been rounded to the nearest unit.

3.

As of April 1, 2018, NH Foods Ltd. carried out a share consolidation at a ratio of one share for each two shares of common stock.
Total NH Foods Ltd. shareholders’ equity per share, basic earnings per share attributable to NH Foods Ltd. shareholders and diluted earnings per share attributable to NH Foods Ltd. shareholders werecomputed on the assumption that the share consolidation was carried out at the beginning of the fiscal year ended March 31, 2015.
Cash dividends represent the actual payment prior to the relevant share consolidation.

4.

Operating income represents net sales less cost of goods sold and selling, general and administrative expenses.

5.

Starting from the fiscal year ended March 31, 2020, NH Foods Group discloses business profit (calculated by deducting the cost of goods sold, and selling, general andadministrative expenses from net sales, and making adjustments of currency gains and losses as determined by the Group, adjustments in accordance with IFRS, and adjustments of non-recurring
items) in place of the operating income results disclosed previously. The purpose of this change is to provide a clear indication of profit earned through business activities.
The figures for the fiscal years ended March 31, 2018 and March 31, 2019 have been restated retroactively.

6.

Interest-bearing liabilities under USGAAP consists of short-term bank loans, current maturities of long-term debt and long-term debt,
less current maturities (including zero coupon convertible bonds) in the consolidated balance sheets.

7.

Capital expenditures represent the additions to tangible and intangible fixed assets.
Since the fiscal year ended March 2020, capital expenditures have consisted of changes.

8.

Depreciation and amortization consist of depreciation of tangible fixed assets and amortization of intangible fixed assets.
Since the fiscal year ended March 2020, depreciation and amortization have consisted of depreciation of property, plant and equipment, right-of-use assets, and intangible assets.

9.

ROE (%) = Profit attributable to owners of the parent / Average total equity attributable to owners of the parent × 100
Free cash flow (million yen) = Cash flows provided by operating activities + Cash flows used in investing activities
Total equity attributable to owners of the parent ratio (%) = Total equity attributable to owners of the parent / Total assets × 100
Interest-bearing liabilities/equity ratio (times) = Interest-bearing liabilities / Total equity attributable to owners of the parent
Interest coverage ratio (times) = Cash flows provided by operating activities / Interest paid

10. In the fiscal year ended March 2022, we sold our entire shareholding in Marine Foods Corporation, a consolidated subsidiary.
As result, Marine Foods Corporation and its subsidiaries, etc., are now classified as non-continuous businesses.
The ratio of business profit to net sales was calculated using business profit after adjustment for discontinued operations (¥50,532 million in the fiscal year ended March 31, 2021).
Please refer to Note 11 for business profit after adjustment for discontinued operations in the fiscal year ended March 31, 2022.
11. In the fiscal year ended March 31, 2023, we decided to sell our entire shareholding in our consolidated subsidiary, Breeders & Packers Uruguay S.A., to Minerva S.A. As a result, Breeders & Packers Uruguay
S.A. is now classified as a discontinued operation. Net sales and profit for the period before income tax for the fiscal years ended March 31, 2023 and March 31, 2022 are therefore shown as the amounts forcontinuing operations, excluding discontinued operations.
The ratio of business profit to net sales was calculated using business profit after adjustment for discontinued operations (¥28,191 million in the fiscal year ended March 31, 2023, ¥46,222 million
in the fiscal year ended March 31, 2022).

3

Financial data

Consolidated Financial Summary
Profitability Indicators

(％)

3/19

3/20

3/21

3/22

3/23

Gross profit ratio

16.3

16.7

18.0

17.3

14.1

Selling, general and administrative expenses ratio

13.6

13.5

13.7

13.6

13.2

Business profit ratio

3.1

3.6

4.5

4.0

2.2

1.6

1.6

2.8

4.2

1.3

Return on sales*1*1

Return on sales (%) = Profit attributable to Owners of The Parent/Net sales×100

Gross profit ratio
(％)

(％)

20

16.7

16.3

Selling, general and administrative
expenses ratio

20

18.0

17.3
14.1

15

13.6

13.5

13.7

13.6

Return on sales

Business profit ratio
(％)

(％)

6

4.5

13.2
4

3.6

3.1

4.0
2.2

0
3/19

3/20

3/21

3/22

3/23

0
3/19

3/20

3/21

3/22

3/23

1.6

1.6

3/19

3/20

1.3

1

2

5
0

2.8
3

10

10

4.2

5

-1
3/19

3/20

3/21

3/22

3/23

3/21

3/22

3/23

Total Assets, Total Equity attributable to Owners of The Parent and Interest-Bearing Liabilities
3/19

3/20

3/21

(¥ million)

3/22

3/23

Total assets

741,388768,861

825,405909,213937,155

Total equity attributable to owners of the parent

401,014404,414433,595

479,069

492,913Interest-bearing liabilities

147,009

176,493

193,750

211,407242,055

Interest-bearing liabilities(¥ million)

300,000
200,000

242,055
176,493
147,009

211,407
193,750

100,000
0
3/19

3/20

3/21

3/22

3/23

4

Financial data

Stability and Liquidity Indicators
3/19
Total equity attributable to owners of the parent ratio (%)
Interest-bearing liabilities/equity ratio (Times) *2

*1

3/20

3/21

3/22

3/23

54.1

52.6

52.5

52.7

52.6

0.37

0.44

0.45

0.44

0.49

Interest-bearing liabilities/cash flow ratio (%) *3

21.0

37.1

42.6

15.8

4.7

Interest coverage ratio (Times) *4

24.2

40.6

61.6

27.9

6.3

*1

Total equity attributable to owners of the parent ratio [NH Foods Ltd. shareholders’ equity ratio] (%) = Total equity attributable to owners of the parent/Total assets×100*2

Interest-bearing liabilities/equity ratio (Times) = Interest-bearing liabilities/Total equity attributable to owners of the parent*3

Interest-bearing liabilities/cash flow ratio (%) = Net cash provided by operating activities/Interest-bearing liabilities×100*4Interest coverage ratio (Times) = Net cash provided by operating activities/Interest paid

Total equity attributable toowners of the parent ratio

Interest-bearing liabilities/
equity ratio(Times)

0.8

80

(％)

54.1

60

52.6

52.5

52.7

Interest coverage ratio(Times)

52.6

0.6

0.37

0.44

0.45

0.44

0.49

40

0.4

40

20

0.2

20

0.0

0
3/19

3/20

3/21

3/22

3/23

3/19

3/20

3/21

3/22

61.6

60

0

3/23

40.6
27.9

24.2

6.3
3/19

3/20

3/21

3/22

3/23

Return Indicators

(％)

3/19

3/20

3/21

3/22

3/23

Return on equity (ROE) *5

4.8

4.8

7.8

10.5

3.4

Return on invested capital (ROIC) *6

4.9

5.3

5.9

5.0

2.4

*5

Return on equity (ROE) (%) = Profit attributable to owners of the parent/Average total equity attributable to owners of the parent×100*6

Return on invested capital (ROIC) (%) = Invested capital turnover × Business profit rate × (1 – Tax rate)

Return on invested capital (ROIC)

Return on equity (ROE)
(％)

(％)

15

8
7.8

10
4.8

10.5

4.8

6
3.4

5

4.9

5.3

5.9

5.0

4

2.4

2

0

0
3/19

3/20

3/21

3/22

3/23

3/19

3/20

3/21

3/22

3/23

5

Financial data

Efficiency Indicators
3/19
Inventory turnover (Times)

3/20

*1

Total assets turnover (Times)*1

Inventory turnover (Times) = Net sales/Average inventories*2

Total assets turnover (Times) = Net sales/Average total assets*3

Inventory turnover (Days) = 365/Inventories turnover(Times)(Times)

10

2.5

11.3

10.8

10.6

10.1

9.6

3/23

10.8

10.6

10.1

9.6

1.7

1.6

1.5

1.3

1.4

32.4

33.8

34.5

36.1

37.9

Inventory turnover

Total assets turnover

Inventory turnover

3/22

11.3
*2

Inventory turnover (Days) *3

3/21(Days)

50

1.7

1.6

1.5

1.4

1.3

1.5

40

32.4

33.8

34.5

36.1

37.9

3/19

3/20

3/21

3/22

3/23

30

5

20

0.5

10
0
3/19

3/20

3/21

3/22

3/23

(0.5)
3/19

3/20

3/21

3/22

3/23

0

Cash Flows(¥ million)

3/19

3/20

3/21

3/22

3/23

Cash flows from operating activities

30,84465,46482,51833,387

11,331

Cash flows from investing activities(45,110)(36,728)(57,827)(22,837)(63,677)(14,266)

28,736

24,691

10,550(52,364)

Cash flows from financing activities

2,932(3,077)(14,934)(12,162)

28,417

Cash and cash equivalents at end of the year

48,10872,39983,83185,37464,986

Free cash flow

*4

*4

Free cash flow = Net cash from operating activities + Net cash from investing activities

Cash flows from operating activities
82,51865,464050,000(20,000)0(40,000)

33,38730,844

11,3310(60,000)(45,110)(22,837)(36,728)(50,000)(57,827)(63,677)(80,000)
3/19

3/20

3/21

3/22

3/23

Free cash flow

Cash flows from financing activities(¥ million)(¥ million)(¥ million)

100,000

50,000Cash flows from investing activities

3/19

3/20

3/21

3/22

3/23

(¥ million)

28,736 24,691

10,550(14,266)(52,364)(100,000)
3/19

3/20

3/21

3/22

3/23

30,00020,00010,0000(10,000)(20,000)(30,000)

28,417
2,932(3,077)(12,162)(14,934)
3/19

3/20

3/21

3/22

3/23

6

Financial data

R&D, Capital Expenditures, Depreciation and Amortization
3/19(¥ million)

3/20

3/21

3/22

3/23

R&D expenditures

3,159

3,195

3,268

3,206

3,339

Capital expenditures

47,82047,80282,90280,39567,519Depreciation and amortization

22,41733,03833,93936,37938,379(¥ million)(¥ million)(¥ million)

4,000

Depreciation and amortization

Capital expenditures

R&D expenditures
3,159 3,195 3,268 3,206 3,339

100,000

82,90247,8203,000

60,00080,395 67,519

50,0002,000

33,038 33,939 36,379

40,00047,80238,37922,41720,000

1,000
0
3/19

3/20

3/21

3/22

3/23

0

3/19

3/20

3/21

3/22

0

3/23

3/19

3/20

3/21

3/22

3/23

Other Data
3/19
Number of employees (consolidated)

3/20

3/21

3/22

3/23

17,444

17,33917,16816,192

16,064

13,396

12,791

12,222

11,457

10,986

90.0

90.0

94.0

102.0

110.0

49.1

48.2

29.6

21.7

67.7

High (¥)

4,830

4,940

5,100

5,100

4,370

Low (¥)

3,655

2,900

3,220

3,220

3,490

Average number of temporary employees
Dividend per share (¥)*1

Payout ratio (consolidated) (%)
Stock price*1

Cash dividends represent the actual payment prior to the relevant share consolidation.

Number of employees (consolidated)
20,00017,444

17,339Dividend per share(¥)

17,16816,192 16,064

15,000

150
100

90.0

90.0

94.0

102.0

3/19

3/20

3/21

3/22

110.0

10,000
50

5,000
0
3/19

3/20

3/21

3/22

3/23

0
3/23

7

Financial data

Segment Information
By Operating Segment
Processed Foods
Business Division

Fresh MeatsBusiness Division

Overseas
Business Division

OthersConsolidated(before adjustment
for discontinued
operations)

Transfer todiscontinued
operations

Consolidated(after adjustment
for discontinued
operations)

Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit (loss)
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit (loss)
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit (loss)
AssetsDepreciation and amortization
Capital expenditures
Net sales(1) External customers(2) Intersegment
Segment expenses
Segment profit
AssetsDepreciation and amortization
Capital expenditures(¥ million)
3/19
512,302487,607
24,695
502,739
9,563
301,254
10,13027,096
673,000
603,661
69,339638,40934,591
336,7387,241
13,768
254,789
128,237
126,552
258,549(3,760)125,146
2,722
4,903
17,181
13,874
3,307
16,204977
12,900252
163
1,234,180
1,234,180
ー
1,195,869
38,311
741,388
22,417
47,820
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー

3/20
498,781473,953
24,828
485,413
13,368
293,662
11,16816,995685,630
612,545
73,085653,597
32,033342,144
7,752
11,735
254,649
129,374
125,275
252,799
1,850
115,226
3,115
6,032
16,553
13,2883,265
15,992561
29,377269
1,092
1,229,826
1,229,826
ー
1,186,054
43,772
768,861
33,03847,802
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー

3/21
489,362
463,526
25,836471,385
17,977308,769
11,72026,032656,668
591,576
65,092
615,425
41,243341,364
8,012
15,966
223,649
112,155
111,494
223,753(104)
123,427
3,126
4,955
11,758
8,581
3,177
13,536(1,778)27,535258
19,181
1,176,101
1,176,101
ー
1,123,675
52,426825,405
33,93982,902
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー

3/22
496,700
469,953
26,747
482,021
14,679271,700
12,666
11,038683,301
621,531
61,770585,958
35,573364,830
8,705
17,083
267,623
142,799
124,824265,2142,409
159,0293,482
3,321
13,80910,631
3,178
15,378(1,569)50,421276
21,806
1,246,442
1,246,442
ー
1,198,326
48,116909,21336,37980,395(94,556)(94,556)
ー(92,662)(1,894)ー(1,724)(1,121)
1,151,886
1,151,886
ー
1,105,664
46,222909,21334,65579,274

3/23
417,738
390,397
27,341
412,720
5,018
278,588
12,234
10,730750,109685,332
64,777721,027
29,082410,977
9,157
19,273
321,429
186,449
134,980
326,465(5,036)
162,728
4,076
4,000
17,052
13,8183,234
17,535(483)
75,469709
20,6191,289,995
1,289,995
ー
1,264,399
25,596
937,155
38,37967,519(30,203)(30,203)ー(32,798)
2,595
ー
(664)
(360)
1,259,792
1,259,792
ー
1,231,601
28,191
937,155
37,715
67,159Notes:
1. Depreciation and amortization consist of depreciation of property,
plant and equipment and amortization of intangible assets.
2. Capital expenditures represent the additions to property,
plant and equipment and intangible assets.
3. Since the fiscal year ended March 31, 2020, the new “segment profit”
has been calculated by deducting the cost of goods sold and selling,
general and administrative expenses from net sales, and accounting forforeign exchage gains and losses determined by the Group, while
excluding adjustments in accordance with IFRS and non-recurring items.
Since the fiscal year ended March 31, 2018, “segment profit”
has been presented by applying the new calculation method from theviewpoint of the comparability with the fiscal year ended March 31, 2020.
4. The consolidated figures were calculated by deducting eliminations,adjustments and others from the results for each business division.
5. From the first quarter of the fiscal year ending March 2022,
the Company has classified the team business and new business into
“Other” for the purpose of expanding into new business areas.
In addition, from the first quarter of the fiscal year ending March 2022,
we have changed the method of calculating sales in order to more
appropriately reflect the performance of the reporting segment.
Regarding this change, the figures before the previous fiscal year
have been retroactively revised. However, the figures before
the fiscal year ended March 2020 have not been audited.
6. Net sales and profits (losses), etc., and capital expenditure for the seafood businessof The Marine Foods Corporation and its subsidiaries, etc., which are included in the
results for Processed Foods Business Division, have been reallocated as part of
the transfer of The Marine Foods Corporation to the discontinued business category.
This discontinued business is included in the results for Processed Foods Business
Division as the reporting segment. However, the results for the fiscal year ended
March 2021 and earlier years have not been adjusted retrospectively.
7. Net sales and profits (losses), etc., and capital expenditure relating to Breeders & Packers Uruguay
S.A., which is included in our overseas business operations, have been transferred to discontinued
operations. Discontinued operations are included in the Overseas Business Division reporting
segment.
However, the results for the fiscal year ended March 31, 2021 and earlier years have not beenadjusted retrospectively.

8

Financial data

By Geographical Area(¥ million)

3/19
Asia & Europe

Americas

Australia

Notes:Net sales

3/20

3/21

3/22

3/23

79,19173,89856,42364,771

66,376(1) External customers

24,85025,86923,32426,301

32,466(2) Intersegment

54,341

48,02933,09938,47033,910

Segment profit (loss)

(152)

809

(818)

(428)

(1,180)79,43284,54788,050100,486

123,759(1) External customers

22,331

21,757

20,28825,61434,334(2) Intersegment

57,101

62,79067,76274,87289,425

Segment profit (loss)

(344)

698

2,722

1,198

1,731

99,306

98,82680,947105,193

133,677(1) External customers

81,056

81,74968,54390,884

119,649(2) Intersegment

18,25017,077

12,40414,30914,028Segment profit (loss)(2,123)

1,466(1,048)2,585(4,473)

Net sales

Net sales

1. The total of each area is not equal to the Overseas Business Division total, by reason of the elimination of intersegment transactions.
2. The Americas includes North and South American businesses.
3. Breeders & Packers Uruguay S.A. is included in Australia.

Net Sales by Product3/19
Category
Hams and sausages

128,356(¥ million)

3/20
130,982

3/21
132,425

3/22
131,1473/23

1,500,000
1,234,180

130,161

Processed foods

233,655

228,833

223,585

224,976

235,166

Fresh meats

703,557

711,753

672,880

702,160

791,972

Beef

297,583

296,913

256,999273,225

312,372

Pork

221,157

226,612229,450

230,762251,001

Chicken160,821

166,032

166,222

179,549

209,570

Other fresh meats

23,99622,196

20,20918,62419,029Dairy products

33,27033,61431,96735,21436,194

Others135,342

124,644

115,244

58,38966,299Total

1,234,180

1,229,826

1,176,101

1,151,886

1,259,792

Notes:Net Sales by Product Category(¥ million)

1,250,000

1,229,826

1,259,792

1,176,101

1,151,886

3/21

3/22

1,000,000
750,000
500,000
250,000
0

3/19

Hams and sausages

3/20
Processed foods

Fresh meats

Dairy products

3/23
Others

4. Net sales for the fiscal year ended March 31, 2022 exclude the results for the seafood business of The Marine Foods Corporation and its subsidiaries, etc.
5. Net sales for the fiscal years ended March 31, 2022 and March 31, 2023 exclude beef business results relating to Breeders & Packers Uruguay S.A.

9

Financial data

Consolidated Financial Statements (IFRS)
Consolidated Statements of Financial Position(¥ million)
3/19

3/20

3/21

3/22

3/23

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Inventories
Biological assets
Other financial assets
Other current assets
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Right-of-use assets
Biological assets
Intangible assets and goodwill
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

48,108153,260
113,415
25,971
12,041
5,468
ー
358,263

72,399130,213
114,520
21,335
11,7015,583
ー
355,751

83,831
127,067
107,906
23,581
15,0828,561
ー366,028

85,374136,017
119,980
32,75524,64815,096436
414,306

64,986146,660
141,930
27,984
9,098
25,171
12,189428,018

289,898
ー
1,877
7,097
14,40034,12528,004
7,724
383,125
741,388284,060
35,545
1,883
8,953
13,91032,64729,745
6,367
413,110
768,861

325,629
38,362
1,314
10,6089,011
35,796
26,056
12,601
459,377
825,405

345,02246,0901,240
15,26912,41035,232
26,27913,365494,907909,213364,381
40,8981,517
20,193
9,087
27,58731,082
14,392
509,137
937,155

62,746
111,5732,738
18,12338,788ー
233,968

55,92499,802
3,178
18,87735,966
ー
213,747

59,322
98,983
9,748
25,29035,822
ー
229,165

90,056
103,7196,494
42,056
39,594
ー
281,919

102,199
106,027
1,795
15,806
41,35011,359278,536

84,263
14,118
1,105
1,326
1,250
102,062
336,030

120,569
14,920
719
732
1,577
138,517352,264

134,428
14,543
683
581
1,696
151,931
381,096

121,351
12,951
754
1,045
1,639
137,740
419,659

139,856
12,394
1,108
889
1,591
155,838
434,374

36,294
72,672286,934
(202)
5,316
ー
401,014
4,344
405,358
741,388

36,294
72,639294,018
(173)
1,636
ー
404,414
12,183
416,597
768,861

36,294
71,240320,577(3,532)
9,016
ー
433,595
10,714444,309825,405

36,294
71,272360,900(2,856)
13,459ー
479,069
10,485489,554909,213

36,29471,095369,389(2,057)
17,193
999
492,913
9,868
502,781
937,155

Liabilities and equity
Current liabilities
Interest-bearing liabilities
Trade and other payables
Income taxes payable
Other financial liabilities
Other current liabilities
Liabilities that relate directly to assets held for sale
Total current liabilities
Non-current liabilities
Interest-bearing liabilities
Retirement benefit liabilities
Other financial liabilities
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityCommon stock
Capital surplus
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive income
Accumulated other comprehensive income relating to the disposal
Total equity attributable to owners of the parent
Non-controlling Interests
Total equity
Total liabilities and equity

10Financial data

Consolidated Statements of Income(¥ million)

3/19

3/20

3/21

3/22

3/23

Net sales

1,234,180

1,229,826

1,176,101

1,151,886

1,259,792

Cost of goods sold1,033,577

1,024,296

964,367

952,971

1,082,760

168,338

166,030

161,215

156,552

166,080

Other income

8,510

3,592

8,497

10,62019,098Other expenses

9,292

14,79011,9568,512

12,191

Financal income

1,427

1,285

1,942

2,200

3,360

Financal costs

3,561

3,903

1,534

3,935

1,830

918

1,355

1,406

9,024

2,773

Profit before tax

30,26727,03948,874

51,76022,162

Income tax expense

11,2508,106

17,816

12,955

4,770

Profit19,017

18,93331,05847,647

15,976

19,561

19,21432,61648,04916,637

(544)

(281)

(1,558)

(402)

(661)

19,017

18,93331,05847,647

15,976

Selling, general and administrative expenses

Share of profit in investments accounted for using the equity method

Profit attributable to:
Owners of the parent
Non-controlling interests
Profit11

Financial data

Consolidated Statements of Cash Flows
3/19
Operating activities
Profit before tax
Net profit (loss) for the period from discontinued operations before income taxes, etc.
Depreciation and amortization expenses
Impairment losses
Decrease (increase) in fair value of biological assets
Financal income and costs
Gains (losses) on sales of business operations
Decrease (increase) in trade and other receivables
Decrease (increase) in inventories
Decrease (increase) in biological assets
Decrease (increase) in other assets
Increase (decrease) in trade and other payables
Increase (decrease) in other liabilities
Others - net
Interest received
Dividends received
Interest paid
Income tax paid
Cash flows from operating activities
Investing activities
Acquisition of fixes assests
Proceeds from sales of fixed assets
Decrease (increase) in time deposits
Acquisiton of other financial assets
Sales and redemption of other financial assets
Increase in short-term lending
Income from sales of business operations
Expenditure resulting from business sales
Investments in associated companies
Net increase (decrease) in cash and cash equivalents resulting from purchase of business
Net increase (decrease) in cash and cash equivalents resulting from sale of business
Others - net
Cash flows from investing activities
Financing activities
Cash dividends
Increase (decrease) in short-term bank loans
Proceeds from debt
Repayments of debt
Contributions from non-controlling interests
Acquisitions from non-controlling interests
Acquisition of treasury stock
Sale of treasury stock
Others - net
Cash flows from financing activities
Effect of exchange rate changes on cash and cash equivalents
Hyper-inflation adjustments
Increase (decrease) in cash and cash equivalents included in assets held for sale
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year

3/20

3/21

3/22

(¥ million)
3/23

30,267
ー
22,865
4,937
187
2,134
ー
1,386
(8,113)(2,110)2,678(2,222)38(6,287)719
1,573(1,273)(15,935)
30,84427,039ー
33,336
3,904
1,205
2,618
ー
21,968(2,316)
1,005
555(10,964)(3,772)(1,143)675
2,304(1,611)(9,339)65,464

48,874ー
34,109
7,069
(192)
(408)
ー
3,817
7,722
113
(8,815)(1,252)
(507)
648
287
2,735
(1,339)(10,343)
82,51851,76012,74536,464
2,395
44
2,826
(12,037)(8,157)(22,655)(9,187)(7,455)8,552
4,737(8,537)355
3,779(1,197)(21,045)
33,38722,162(5,485)38,4331,840
1,027(1,381)
460(12,879)(24,451)
2,651(3,379)5,913
2,514(8,578)1,632
6,221(1,811)(13,558)
11,331(47,504)
978
2,836(1,077)
527
ー
ー
ー
(38)
ー
ー
(832)
(45,110)(36,898)
607
(610)
(84)
42
ー
ー
ー
(120)
ー
ー
335
(36,728)(59,398)
1,423
259
(182)
673
ー
ー
ー
ー
ー
ー
(602)
(57,827)(44,473)
728
4,024
(130)
929
ー
16,628
ー
ー
ー
ー
(543)
(22,837)(82,261)
2,095
1,152
(64)
4,645
9,994
3,579
(3,166)ーーー
349(63,677)(11,403)
9,026
40,970(16,060)406
ー(20,007)
ー
0
2,932
1,152
ー
ー
(10,182)
58,29048,108(9,271)(2,001)
38,714(39,019)
8,563
ー
(4)
ー
(59)
(3,077)(1,368)ーー
24,291
48,10872,399(9,269)(4,840)70,393(66,351)
2(1,489)(3,567)187
0(14,934)
1,675
ーー
11,432
72,39983,831(9,610)17,06527,462(47,490)
ー
(191)
(2)
604
0
(12,162)
3,155
ー
ー
1,543
83,83185,374(10,448)
36,504
110,358(108,594)
ー
ー
(2)
599
0
28,417
2,476
1,874
(809)
(20,388)
85,37464,98612

Financial data

Stock Information
Share Data

Distribution of Shares

Authorized shares

285,000,000

Issued and outstanding

102,958,904■ Financial institutions

61,320Shareholders

Shareholders by

Major Shareholders (Leading 10 by holding)Holding

Name of shareholder(1,000s of shares)

Category

Shareholding ratio(％)■ Foreign investors■ Individual / Others■ Other companies■ Securities firms■ Treasury stock

75 (56,567 thousand shares)
348 (20,848 thousand shares)
60,334 (19,787 thousand shares)
528 (2,526 thousand shares)
34 (3,219 thousand shares)
1 (9 thousand shares)

The Master Trust Bank of Japan, Ltd. (Trust account)

19,30518.75%

Custody Bank of Japan, Ltd. (Trust account)

9,785

9.50%

The Hyakujushi Bank, Ltd.

3,708

3.60%

Meiji Yasuda Life Insurance Company

3,677

3.57%

The Norinchukin Bank

2,963

2.88%

■ Less than 100

3,602 (56 thousand shares)

Nippon Life Insurance Company

2,785

2.71%

■ 100–Less than 1,000

53,959 (12,005 thousand shares)

MUFG Bank, Ltd

2,200

2.14%

Shareholders by■ 1,000–Less than 10,000

3,480 (5,975 thousand shares)

holding■ 10,000–Less than 100,000

197 (6,039 thousand shares)

STATE STREET BANK AND TRUST COMPANY 505001

2,168

2.11%

Sumitomo Mitsui Banking Corporation

1,860

1.81%

■ 100,000–Less than 500,000

52 (11,261 thousand shares)

SSBTC CLIENT OMNIBUS ACCOUNT

1,772

1.72%

■ More than 500,000

30 (67,623 thousand shares)

Note: Shareholding ratio is calculated by deducting the number of treasury stock.

Stock Price Trend
Stock price (¥)

6,000
5,000
4,000
3,000

Trading volume

2,000

4,000,000
3,000,000
2,000,000
1,000,000

2022/3

4

5

6

7

8

9

10

11

12

2023/1

2

3

0

13

Non-financial data
As of July 31, 2023

15

Environmental Report26

Social Report

30

Corporate GovernanceEnvironmental Report

Scope of Data (as of March 31st, 2023)

②

③

④

⑤

③

④

⑤

Japan

Overseas①②Companywide

Japan

Production and Livestock 4 production departments of Nippon Clean Farm Ltd./ 4 production departments of Nippon White
Breeding Facilities andFarm Co., Ltd./ Nippon White Farm Niigata Co., Ltd./ Miyazaki Environmental Preservation
Feedlots
Cooperative/ Junsui Kurobuta Shuton Nojo Y.K.

●●

Meat preparation andprocessing plants

5 plants of Nippon White Farm Co., Ltd./ 5 plants of Nippon Food Packer, Inc./ Nippon Food
Packer Kagoshima, Inc./ Nippon Food Packer Shikoku, Inc./ Nippon Food Packer Tsugaru, Co.,
Ltd./ Miyazaki Beef Center Co., Ltd./ Nippon White Farm Niigata Co., Ltd.

●

●

●

Ham and Sausage
Production

5 factories of Nipponham Factory Ltd./ Nipponham Northeast Ltd./ 3 factories of Nipponham
Hokkaido Factory Ltd./ Nipponham Southwest Ltd./ Kamakura Ham Tomioka Co., Ltd./ Kyodo
Foods Co., Ltd.

●

●

●

Processed Food
Production

1 plant of NH Foods Ltd./ 3 plants of Nipponham Processed Foods Ltd./ 3 plants of Nipponham
Delicatessen Ltd./ 8 plants of Nippon Pure Food, Inc./ 2 plants of Hoko Co., Ltd./ Minami Nippon
Fresh Foods Co., Ltd./ 2 plants of Premium Kitchen Co., Ltd.

●

●

●

Marine and Dairy Product2 plants of Nippon Luna, Inc./ 3 plants of Hoko Co., Ltd.
Production

●

●

●

NH Foods Ltd./ NH Foods Marketing Ltd./ Nippon Route Service. Inc/ Nippon Daily Net Co., Ltd./
Nipponham Frozen Foods Sales Ltd./ Nipponham Customer Communication Co., Ltd./ Nippon
Sales Offices, Distribution
Logistics Center, Inc./ Nippon Chilled Logistics, Inc./ Japan Food Corporation/ NH Japan Food
Centers, Headquarters,Ltd./ Higashi Nippon Food, Inc./ Kanto Nippon Food, Inc./ Naka Nippon Food, Inc./ Nishi Nippon
Branches, Offices andFood, Inc./ Nippon Pure Food, Inc./ Hoko Co., Ltd./ Hokkaido Nippon-Ham Fighters BaseballResearch Institutes
Club Co., Ltd./ Nippon Luna, Inc./ Minami Nippon Fresh Foods Co., Ltd./ Nipponham Hokkaido
Factory Ltd./ Usune Co., Ltd./ Fighters Sports & Entertainment Co., Ltd.

●●

Subject(product factories)

Overseas(product factories)

Business sites in Japan
Business sites overseas

Production and breeding
facilities, farms

3 production departments of Whyalla Beef/ Ege-Tav Ege Tarım Hayvancılık Yatırım Ticaret ve
Sanayi Anonim Şirketi●●

Meat preparation andprocessing plants

Oakey Beef Exports Pty. Ltd./ Thomas Borthwick & Sons (Australia) Pty. Ltd./ 2 plants ofWingham Beef Exports Pty. Ltd./ Breeders & Packers Uruguay S.A./ Ege-Tav Ege Tarım
Hayvancılık Yatırım Ticaret ve Sanayi Anonim Şirketi

●

●

●

Manufacture and sale offresh meats andprocessed foods

Shandong Rilong Foodstuffs Co., Ltd./ Pure Food Asia, Inc./ 2 factories of Thai Nippon Foods
Co., Ltd./ 2 factories of NH Foods Vietnam Joint Stock Company/ NHF Manufacturing (Malaysia)
Sdn.Bhd./ NH Foods Diamond Indonesia/ Day-Lee Foods, Inc./ Redondo's, LLC

●

●

●

Food marketing, trading
companies

Shandong Rilong Foodstuffs Co., Ltd./ NH Foods Taiwan Ltd./ NH Foods (Thailand) Ltd./ NH
Foods Singapore Pte. Ltd./ NH Foods Australia Pty. Ltd./ Beef Producers Australia Pty. Ltd./ NH
Foods U.K. Ltd./ NH Foods Chile Y Compania Limitada/ NH Foods Mexicana S.A.DE C.V./ DayLee Foods, Inc./ Japan Food Corporation Korea Branch

●

●

15

Environmental Report

Calculation Method■ Greenhouse gas emissions about Scope 1 and Scope 2 are calculated by using factors in "Act on Promotion of Global Warming Countermeasures" in Japan↳ Location base is calculated by the alternative value which is annual electric power company's emission factors (above the law)
↳ Market base is calculated by each annual electric power company's emission factors (above the law)Overseas sites: Primarily use laws and regulations or guideliness of the country or region where each company or office is located. If these are unkown,use coefficients of the "Act on Promotion of Global Warming Countermeasures" in Japan.

↳ If the location base is unknown, use the Emissions Factors provided by the IEA.
There are not applicable of Perfluorocarbons ,Sulphur hexafluoride and Nitrogen trifluoride. Also, Hydrofluorocarbons aren't calculation in scope■ Scope 3 is calculated which is based on our scenario by category, which referred to "Basic Guidelines On Accounting for Greenhouse Gas Emissions
throughout the Supply Chain (in Japan)". The emission unit of calculation is used or referred to below-"Act on Promotion of Global Warming Countermeasures" in Japan about each year-"Database of Emissions Unit Values on the Same Accounting for Greenhouse Gas Emissions throughout the Supply Chain" in Japan■ Energy consumption about Scope 1 and Scope 2 is calculated as follows:
Japan: Use coefficients, etc., defined by the "Act of Promotion of Global Warming Countermeasures" and the "Act on the Rational Use of Energy" in Japan
Overseas: Primarily use laws and regulations or guideliness of the country or region where each company or office is located. If these are unkown, use coefficients of
the "Act on the Rational Use of Energy" in Japan■ The waste recycling rate and recycling rate were calculated as follows.
Waste recycling rate: (Valuable materials sold + Recycled waste)/Waste generation × 100 (Unit: %)Recycling rate: (Waste recycled in-house + Valuable materials sold + Recycled waste)/(Waste generation - in-house reductions) × 100 (Unit: %)Third-Party Verification
Items with a ☑ mark are subject to third-party verification under the AA1000 standard by SGS Japan Inc.
Scope of verification
GHG emissions in Japan: Scope 1, Scope 2, Scope 3 Overseas GHG emissions: Scope 1, Scope 2
Energy use in Japan: Scope 1, Scope 2 Overseas energy use: Scope 1, Scope 2
Water use in Japan: Water withdrawal and Water consumption
Overseas water use: Water withdrawal and Water consumption

16

Environmental Report

Environmental Targets
As part of its three-year medium-term management plans, the NH Foods Group has formulated environmental targets aimed at reducing the environmental impact of its
business activities. In April 2021, the Group formulated Vision2030 and identified, while also setting medium- to long-term environmental targets for 2030.
We are helping to realize a sustainable society through our efforts to reduce environmental loads, and through our continuing commitment to effective resource utilization.
In fiscal 2022, we set environmental targets for 2030 based on our medium- to long-term environmental targets for Japan.
Going forward, we will work to promote efforts to achieve a sustainable society from a more global perspective.

Results of Medium- to Long-Term Environmental Targets in Japan

*
*
*
*

Targets

Unit

Baseline

2030 target

FY2022 results

Reduce fossil fuel-derived CO2 emissions(Reduce by more than 46% compared with FY2013
levels)t-CO2

550,518

297,279

447,690

Waste discharge (per production unit)(Reduce by 5% compard with FY2019 level)

kg/t

134.6

127.9

124.9

Waste recycling rate
(At least 92% by 2030)

％

84.1

92.0

91.9

Waste consumption (per production unit)(Reduce by 5% compared with FY2019 level)

m3/t

15.2

14.4

15.4

Progress
Reduction (change from the baseline）：▲102,828
Reduction (compared with the baseline)：▲18.7%
Reduction (change from the baseline)：▲9.7
Reduction (compared with the baseline)：▲7.2%
ーReduction (change from the baseline)：0.2
Reduction (compared with the baseline)：1.3%

Coverage of the Plan: Reduction of fossil fuel-derived CO 2 emissions, Waste recycling rate・・・②, Waste discharges and water consumption・・・③CO2 emissions and thermal energy were calculated using the factors stipulated each year under the "Act on Promotion of Global Warming"
Intensity units are based on production quantities by manufacturing factory
The baseline for the waste recycling rate is 84.1% (FY2019 result). The formula is shown in the “Calculation method” section on p.16

Medium- to Long-Term Environmental Targets Overseas
Targets

Unit

Baseline

2030 target

FY2022 results

Reduce fossil fuel-derived CO2 emissions(Reduce by more than 24% compared with FY2021
levels)t-CO2

143,340

108,938

140,531

Waste consumption (per production unit)(Reduce by 5% compared with FY2021 level)

m3/t

14.7

Progress
Reduction (change from the baseline)：▲2,809
Reduction (compared with the baseline)：▲2.0%

14.1

15.2

Reduction (change from the baseline)：0.5
Reduction (compared with the baseline）：3.4%* Target base year: For overseas operations, based on FY2021 results, with reduction targets set as equal to yearly reduction targets in Japan
Coverage of the Plan: Reduction of fossil fuel-derived CO 2 emissions・・・④, Water consumption・・・⑤* CO2 emissions are mainly calculated using methods defined by the country or region where a company is located.
If this is unknown, the IEA Emissions Factors and the coefficients of the "Act on Promotion of Global Warming Countermeasures" in Japan are used.

* Intensity units are based on production quantities by manufacturing factory

17

Environmental Report

Results of Medium-Term Management Plan 2020
The Medium-Term Management Plan 2020, which launched on April 1, 2018, sets environmental targets based on average values
for the period from fiscal 2012 to fiscal 2016. The plan achieved the following results.
Baseline(average FY2012-2016)

Initiatives

Mitigation of climate change

Resource saving

CO2 emissions intensity

701.1 kg-CO2/t

Thermal energy intensity

12.0 GJ/t

Water consumption intensity*1

Waste generation intensity*2
Promotion of recycling

Waste recycling rate

17.7 m3/t

Targets(average FY2018-2020)

Results (average FY2018-2020)(compared to baseline)

8.0% Reduction

10.0% Reduction(645.1 kg-CO2/t)(631.0 kg-CO2/t)

8.0% Reduction

3.3% Reduction(11.0 GJ/t)(11.6 GJ/t)

3.0% Reduction

4.5% Increase3(17.2 m /t)(18.5 m3 /t)

6.0% Reduction

14.3% Increase*3(195.1 kg/t)(237.1 kg/t)

94.0% Over

88.9%

207.5 kg/t
90.8%

＊

CO2 emissions and thermal energy calculated by using factors in "Act on Promotion of Global Warming Countermeasures" in Japan about each year＊

Coverage of the Plan: ①＊

Primary unit of each intensity is per unit of product＊

Reduction rate in target value is reduction rate from Baseline＊

The formula for the waste recycling rate is shown in the “Calculation method” section on p.16

*1

Water consumption and discharged includes some estimated values from production departments*2

Excluding farm excreta*3

Excluding the waste from Typhoon Jebi and the Hokkaido Eastern Iburi earthquake in the FY201818

Environmental Report

Mitigation of Global Warming
Greenhouse Gas Emissions from NH Foods Group and Its Entire Supply Chain■Greenhouse Gas Emissions
Scope☑
Business scope

Scope 2 pattern

Japan

ー

216

215

220

222

213

Overseas

ー

ー

ー

ー

52

55

Methane (thousand t-CO2)

Company-wide

ー

30

31

28

116

134

Nitrous oxide (thousand t-CO2)

Company-wide

ー

103

102

101

102

99

Location base

303

290

276

267

246

Market base

ー

269

257

260

236

Overseas

Location base

ー

ー

ー

92

86

652

638

625

851

833

10,948

11,134

10,576

10,503

10,258Items
CO2 (thousand t-CO2)

Scope 1

Scope 2CO2 (thousand t-CO2)

FY2018

Japan

Total

CO2 (thousand t-CO2)

Company-wide

Location base

Scope 3CO2 (thousand t-CO2)

Japan

ー

FY2019FY2020

FY2021

FY2022＊ Coverage of data: Scope 1, Scope 2・・・①, Scope 3・・・②■Breakdown of Scope 3 Categories (FY2022 Results in Japan)
Category
1 Purchased goods and services

CO2☑

Composition
ratio (%)
8,599
83.8

10 Processing of sold products

Composition
ratio (%)
242
2.4

Category（thousand t-CO2)

CO2（thousand t-CO2)

159

1.6

11 Use of sold products

145

1.4

3 (not included in scope 1 or scope 2)

79

0.8

12 End-of-Life treatment of sold products

115

1.1

4 Upstream transportation and distribution

809

7.9

13 Downstream leased assets--

5 Waste generated in operations

44

0.4

14 Franchises--

6 Business travel

7

0.1

15 Investments--

7 Employee commuting

54

0.5

Total

10,258100

8 Upstream leased assets

50.0

9 Downstream transportation and distribution＊ Coverage of data: ②-

2 Capital goods
Fuel and energy related activities-

19

Environmental Report

Environmental Data by Business■Greenhouse Gas（thousand t-CO2）
FY2018Items
Production and Livestock Breeding Facilities and Feedlots

Fresh Meat Processing and Plants

Ham and Sausage Production

Japan

Processed Food Production

Marine and Dairy Product Production

Sales Offices, Distribution Centers, Headquarters,
Branches, Offices and Research Institutes
VehiclesSubtotal

Overseas

Total

Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal
Scope 1
Scope 2
Subtotal

FY2019FY2020

FY2021

FY2022

181
40
221

183
39
222

182
37
219

179
35
215

174
35
209

26
37
62

25
35
61

27
34
60

27
33
60

27
31
58

37
55
92

36
52
88

37
49
86

36
48
84

34
45
79

66
105
171

65
99
164

67
94
161

69
92
161

65
80
145

8
18
26

8
18
26

8
17
25

8
16
24

8
16
24

1
49
50
29

1
47
48
28

1
45
46
28

1
44
45
28

2
39
41
26

348
304
652
ー
ー
ー

348
290
638
ー
ー
ー

349
276
625
ー
ー
ー

348
267
615
144
92
235

336
246
582
165
86
251

348
304
652

348
290
638

349
276
625

492
359
851

501
332
833

＊ Coverage of data: ①

20

Environmental Report

Resource Saving Initiatives
Consumption of Energy■Transition of Energy Consumption
Items☑
FY2018Gasoline
52
Kerosene
542
Light oil
375
Heavy fuel oil A
968
Fuel (TJ)
Liquefied petroleum gas / LPG
361
Liquefied natural gas / LNG
217
Town gas
971
Japan
Biomassー
Total Fuel
3,486
Steam, cold water, hot water purchased (TJ)
21
Electricity purchased (TJ)
5,772
Of which, renewable energy (TJ)ーSubtotal (TJ)
9,279
Of which, renewable energy (TJ)ーGasolineー
KeroseneーLight oilー
Heavy fuel oilー
Coalー
Fuel (TJ)
Liquefied petroleum gas / LPGーNatural gas
ーOverseas
Town gasーBiomassー
Total Fuelー
Steam, cold water, hot water purchased (TJ)ーElectricity purchased (TJ)ーSubtotal (TJ)ー
Of which, renewable energy (TJ)ー
Total（TJ）
9,279
Total
Of which, renewable energy (TJ)ー＊ Coverage of data: ①＊ Only the amount of consumption is subject to verification, and various energy conversions have not been verified.

FY2019
46
570
371
867
392
281
996
ー
3,523
20
5,768
ー
9,311
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
9,311
ー

FY2020
37
591
372
852
420
302
1,034
ー
3,608
20
5,708
1
9,336
1
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
ー
9,336
1

FY2021
35
588
379
775
455
315
1,111
59
3,717
21
5,727
1
9,465
60
9
0
86
29
343
48
190
6
288
999
44
600
1,643
288
11,108348

FY2022
30
582
351
688
401
274
1,202
26
3,554
22
5,436
14
9,012
40
9
0
85
19
371
91
157
6
300
1,038
81
564
1,683
300
10,695340

21

Environmental Report

Water Consumption■ Transition of Water withdrawal and Water consumption (By Water Source)
Items
GroundwaterJapan☑ Water withdrawal and Water

Tap water

consumption (thousand m3)

Sea water
Subtotal

Reuse/recycling water (thousand m3)
Groundwater
Overseas☑ Water withdrawal and Water
consumption (thousand m3)

Surface water
Tap water
Sea water
Subtotal☑ Total water withdrawal and Water consumption＊ Coverage of data: Japan…② Overseas...⑤＊ Water withdrawal and Water consumption figures include estimates from production departments

Items
Discharged treatment water to river etc.
Japan

Discharged (thousand m3)

SewageTotal

FY2018
10,7983,999
014,79737
ーーーーー
14,797FY201910,8683,952
014,82035
ーーーーー
14,820

FY202010,8733,947
014,82039
ーーーーー
14,820

FY2021
10,8813,840
014,721
37
611
564
2,100
13
3,288
18,009FY2022
10,6033,658
014,261
65
1,072
771
2,240
16
4,099
18,360FY201811,0191,485
12,504FY201911,897
1,514
13,411

FY202011,765
1,489
13,254FY2021
12,224
1,512
13,736FY2022
11,373
1,502
12,875FY2018
434.7
232.7
405.3
20.7
93.6

FY2019
411.3
205.1
373.8
22.7
92.1

FY2020
402.5
208.8
376.9
19.7
94.7

FY2021
397.6
198.7
380.8
9.6
96.9

FY2022
380.2
193.5
364.2
11.0
96.6

FY201898.1

FY201915.5

FY202022.5

FY202124.0

FY2022
18.1

Waste■Breakdown of Waste Generation (Results in Japan)
Items
Waste generation (thousand t)
In which, waste discharged (thousand t)
Recycling of waste (thousand t)
Final disposal waste (thousand t)
Recycling rate (%)＊ The formula for the recycling rate is shown in the “Calculation method” section on p.16

Items
Hazardous waste generation (thousand t)＊ Coverage of data: ②＊ Excluding the waste from Typhoon Jebi and the Hokkaido Eastern Iburi earthquake in the FY2018＊ Hazardous waste is defined as specially controlled industrial waste

22

Environmental ReportState of Compliance with Environmental Laws and Regulations
The NH Foods Group strives to ensure compliance with laws and regulations at all of its business sites. At farms, factories, and distribution facilities
where environmental loads are especially high, we obtain ISO 14001 certification as the basis for the effective administration of compliance systems. In
addition, the relevant units in NH Foods Ltd. verify operational conditions through internal environmental audits at our business sites, including those
without certification. Steps are taken, including recurrence prevention measures, to address any issues identified through internal audits based on ISO
14001 or internal audits by NH Foods Ltd.
In the unlikely event of an environmental accident, remedial action is implemented in accordance with procedures determined for each business site. We
also submit reports to the relevant agencies and establish structures to prevent recurrences. In addition, the circumstances are reported to theCompliance Department of NH Foods Ltd. in order to share details about the actions taken.
In fiscal 2022, there were no accidents that caused serious environmental impacts at NH Foods Group business sites.
* The meaning of “Serious accident” is as defined in the internal rules of the NH Foods Group.

Items

FY2018FY2019FY2020

FY2021

FY2022

Number of serious environmental accidents

0

0

0

0

0

Amount of fines (yen)

0

0

0

0

0

＊ Coverage of data: ①

23

Environmental Report

Business Activities and Environmental Impact■Inputs
Items

FY2018FY2019FY2020

FY2021

FY2022

Livestock feed (thousand t)

640

660

641

626

626

Raw materials for products (thousand t)

249

245

241

240

215

Plastic

7,735

7,188

6,495

6,429

6,909

Fuel (TJ）

3,486

3,523

3,608

3,717

3,554

ー

ー

ー

59

26

590

590

585

589

562

ー

ー

1

1

4

15

15

15

15

14

Of which, renewable energy (TJ)
Electricity (million kWh)
Of which, renewable energy (million kWh)
Water (million m3)＊ Coverage of data: ②＊ Water input includes some estimated values from production departments＊ Quantities of plastic are based on plastic discharge applications in Japan under the Japanese Law for the Promotion of Sorted Collection andRecycling of Containers and Packaging.

■Outputs
Items

FY2018FY2019FY2020

FY2021

FY2022

Quantity of products (fresh meats, processed foods) produced(thousand t)

797

797

805

810

761

Greenhouse gases （thousand t-CO2)

651

637

625

615

583

Nitrous oxides/NOx (t)

509

507

507

511

518

Sulfur oxides/SOx (t)

217

196

193

176

167

Discharged water (million m3)

13

13

13

14

13

Waste (among generated) (thousand t)

435

411

403

398

380

Waste recycling rate (%)

93.6

92.1

94.7

96.9

96.6

＊ Coverage of data: ②＊ Water discharged includes some estimated values from production departments＊ Excluding the waste from Typhoon Jebi and the Hokkaido Eastern Iburi earthquake in the FY2018＊ The formula for the recycling rate is shown in the “Calculation method” section on p.16

24

Third-Party Verification

Third-Party Verification
NH Foods Group has been subjected to third-party verification about the appropriateness of disclosed data.
■Subjects■Period covered

・Stakeholder management process

April 1, 2022 to March 31, 2023

・Greenhouse gas (GHG) emissions (Scope 1, 2* , and 3)
・Energy consumption
・Water consumption: water intake
・The management systems supporting the reporting*1 Greenhouse gases covered carbon dioxide, methane, and nitrous oxide
1

The Scope of each assurance covers the subsidiaries plants,
sales offices, logistics hubs,headquarters, branches, and laboratories.
＊ The information on this page is disclosed on NH Foods Group website.

25

Social Report

Summary of Employees
Status of Employees (NH Foods Ltd.)
Items

FY2018FY2019FY2020

FY2021

FY2022

2,403

2,137

2,149

2,160

2,077

Male (regular employees )

1,011

883

898

891

863

Female (regular employees)

348

322

339

353

375

Percentage of female employees (%) (regular employees)

20.4

26.7

27.4

28.4

30.3

Percentage of female managers (%)

3.8

4.6

6.5

8.5

9.8

Number of employees

Number of temporary employees (average)

972

953

912

916

839

Average age

42.5

41.6

41.2

41.6

41.7

Male (age)

44.6

43.3

42.9

43.4

43.5

Female (age)

36.9

36.1

36.7

37.1

37.6

18.8

17.6

17.4

17.8

17.7

Male (years)

20.7

19.4

19.3

19.7

19.7

Female (years)

12.2

11.8

12.6

13.0

13.1

61

54

51

41

53

Male

34

34

35

25

33

Female

27

20

16

16

20

22

17

26

16

19

8,570,717

8,422,396

8,395,177

8,575,136

8,465,458

3.7

16.0

3.2

4.1

3.8

1.72
Voluntary retirement rate (%)＊ Based on the number of current employees as of March 31st in each fiscal year
＊ In FY2019, NH Foods Ltd. expanded the optional retirement system as a temporary measure＊ Average age revised in FY2021

1.70

1.29

2.09

1.34

Average duration of employment (years)

Number of new graduates hired

Mid-career hiring rate of workers (%)
Average salary (yen)Turnover rate (%)

Status of Employees by Region (NH Foods Group)
Items

FY2018FY2019FY2020

FY2021

FY2022

Domestic

22,883

22,53822,61521,32921,068Overseas

7,957

7,592

6,775

6,320

5,982

30,84030,13029,39027,64927,050Group total＊ Based on the number of current employees as of March 31st in each fiscal year
＊ Includes average number of temporary employees

26Social Report

Diversity
Gender Pay Gap (NH Foods Ltd.)FY2018

Items
Statutory disclosure items

Optional disclosure items

FY2019ーーーーーーAll workers (%)*1
Employees (%)*2
Temporary employees (%)*3
Regular employees (%)
Managers (%)
General staff (%)

FY2020ーーーーーー

FY2021
ー
ー
ー
ー
ー
ー

ー
ー
ー
73.5
93.0
86.2

FY2022
58.0
61.0
75.2
68.1
91.7
76.3

＊ Gender pay gap: Ratio of female employees’ salaries to male employees’ salaries as defined in the Act on Promotion of Women's Participation and Advancement in the Workplace (average yearly salary forfemales / average yearly salary for males)＊ The gender pay gap is caused not by differences in the amounts paid for identical work, but by differences in the percentages of employees at each seniority level, the percentages of employees limited to
specific locations, years of service, working hours, and other factors＊ The division of regular employees into managers and general staff is an optional disclosure item
＊ The statistics for FY2021 precede the introduction of statutory disclosure in FY2022 and are theoretical figures. For this reason, the calculation method used was different from that for FY2022*1 All workers: Employees and temporary employees*2 Employees: Workers in regular employment and non-regular employees who have worked full-time over long periods*3 Temporary employees: Part-timers and employees on limited-term contracts (excluding dispatched workers)

Condition of Utilizing Child and Nursing Care-Related Systems (NH Foods Ltd.)
Items
1.Before and after childbirth leave (number of leave takers)
2.Spousal childbirth leave (number of leave takers)
3.Number of childcare leave takers
Male
Female4.Rate of employees returning to work (%)
5.Shortened working hours for childcare (number of users)
6.Nursing leave (number of leave takers)

FY2018
30
27
70
4
66
97.1
91
118

FY2019
42
30
73
5
68
97.0
98
145

FY2020

FY2021

57
29
96
12
84
98.8
81
139

FY2022

39
35
108
18
90
98.5
123
173

41
16
115
37
78
100.0
117
165

＊ The lower number of spousal childbirth leave days taken in FY2022 reflects the enhancement of the childcare leave system to allow the first 20 days of leave to be used as special leave■Category Details
Before and after childbirth leave

An employee can take the leave for six weeks before giving birth (or fourteen weeks for a multiple pregnancy) and eight weeks after giving birth.
Since September 16, 2022, employees have been able to take three days of paid leave between one week prior to date on which their spouse is expected to give until the date of birth.

Spousal childbirth leave

Childcare leave

Until September 15, 2022, employees were able to take three days of paid leave between one week before the date on which their spouse was expected to give birth until two weeks after the date ofbirth.
Until the child of an employee reaches the age of one year, or until the child reaches the age of three years if the child cannot enter nursery school or is under special circumstances.
(Employees can take 20 days of special paid leave initially.)

Rate of employees returning to work

(Number of employees returning from childcare leave) / (Number of employees expected to return from childcare leave) ×100

Shortened working hours for childcare

Until an employee's child finishes the six years of elementary school, the employee's scheduled working hours in a day may be shortened by up to two hours.

Nursing leave

12 days per year can be taken as nursing leave when the child of employee in sixth grade of elementary school or lower requires nursing,vaccination, or medical checkup. (Paid leave)27

Social Report

Status of Re-Employment Following Mandatory Retirement (NH Foods Ltd.)
Items

FY2018

Number of mandatory retirees
Number of re-employed retirees
Re-employment rate (%)＊ Number of re-employed retirees: includes individuals employed at subsidiary following mandatory retirement

FY201916
15
93.8

FY2020

FY2021

FY2022

11
8
72.7

3
3
100.0

6
5
83.3

14
14
100.0

FY20192.4

FY20202.5

FY2021
2.7

FY2022
2.6

Status of Hiring Personnel Disabilities (NH Foods Ltd.)
Items

FY2018

2.1
Employment rate (%)＊ Disabled Persons Act requires employers to keep the rate of hiring personnel disabilities over 2.3% (as of March 2023)＊ Includes non-regular employees＊ Employment rate is calculated based on Disabled Persons Act＊ In November, 2019, Nipponham Career Consulting Ltd. became a special-purpose subsidiary of NH Foods Ltd.

Human Resources
Percentage of Employees Subject to Periodic Evaluation with Respect to Business Performance and Career
Development (NH Foods Ltd.)
Items
Number of employees under the Management by Objectives (MBO)
Percentage of employees under the MBO (%)

FY20181,731
72.0

FY20191,528
71.5

FY20201,574
94.7

FY2021
1,513
100.0

FY2022
1,577
100.0

Freedom of Association and Collective Bargaining
NH Foods Ltd. respects the freedom of association and the rights of collective bargaining as recognized in the Constitution of Japan and laws andregulations. A union shop agreement has been made with the NH Foods Worker's Union. Members consist of all employees excluding those in management
positions or with equivalent qualifications and others who are excluded based on individual agreements in light of such factors as the nature of their work. In
addition, subsidiaries comply with and respect the laws, regulations, and labor practices of their respective countries, based on a stance that respects
freedom of association and the rights of collective bargaining.
＊ The enrollment rate for the NH Foods Worker's Union in FY2022 was 100%

Employee Health and Occupational Health & Safety
Status of Working Hours and Use of Annual Paid Leave (NH Foods Ltd.)
Items
Annual actual working hours (hours)
Hours of overtime work (hours)
Average number of days of annual paid leave granted (days)
Average number of days of annual paid leave taken (days)
Average usage rate of annual paid leave (%)

FY20182,087
290.2418
1269

FY20192,052
278.2318
15
79

FY20202,040
286.7418
1260

FY2021
2,005
251.5918
1363

FY20221,970
226.00
18
14
76

28

Social Report

Frequency Rate of Occupational Accidents (NH Foods Group in Japan)
FY2018
1.02
2.95
2.00

Items
National manufacturing industry average (%)
National food manufacturing industry average (%)
NH Foods Group average (%)

FY2019
1.20
3.32
1.97

FY2020
1.20
3.48
2.08

FY2021
1.20
3.51
2.21

FY2022
1.31
4.01
2.54

＊ Frequency rate of occupational accidents: the number of casualties due to occupational accidents per million hours of actual work, and the frequency of accidents

Occupational Accidents Severity Rate (NH Foods Group in Japan)
FY2018
0.08
0.18
0.05

Items
National manufacturing industry average (%)
National food manufacturing industry average (%)
NH Foods Group average (%)

FY2019
0.10
0.21
0.04

FY2020
0.10
0.25
0.05

FY2021
0.07
0.10
0.05

FY2022
0.06
0.15
0.09

FY2020
77.2
32.8
92.0
91.6

FY2021
86.9
24.9
97.8
92.8

FY2022
81.0
23.6
97.9
94.5

＊ Occupational accident severity rate :total days of lost time due to accidents with respect to total worked hours of all employees

Support Physical and Mental Health
Items
Rate of follow-up action after physical examinations (%)
Ratio of smokers (%)
Stress check examination rate (%)

Subject
NH Foods Ltd.
NH Foods Ltd.
NH Foods Ltd.
NH Foods Group in Japan

FY2018FY2019
ー
ー

ー
ー

99.1
91.5

95.2
90.3

＊ Stress check: A test conducted by businesses on their workers to assess their level of psychological strain

Occupational Safety and Health Management System Status (as of March 2023)■7 business sites certified (certified business site ratio: 1.4%)
Status of ISO45001 Certification Acquisition●Nipponham Delicatessen Ltd.

Japan

(Headquarters, Product Development Division,

ThailandNiigata Plant, Hokkaido Plant, Miyazaki Plant)●Thai Nippon Foods Co., Ltd.
(Ayutthaya Plant, Phitsanulok Branch)

List of Donations
Donations (NH Foods Ltd.)
Items
Total donations (yen)FY2018210,212,139＊ Figures for domestic and overseas group companies have been included since FY2022

FY2019171,229,030

FY2020166,479,466

FY2021
186,778,998

FY2022203,983,276＊ Amount of donations related to political donations in FY2022: 1,110,000 yen

29

Corporate GovernanceCorporate Governance
The average meeting attendance rate for directors in fiscal 2022 was 98%.

Board of Directors
Meetings Attended/
Meetings Convened

Attendance Rate(%)

Position

Name

President and Representative Director, President and CEO

Yoshihide Hata

18/18

100

Representative Director and Vice President, Executive Vice President

Tetsuhiro Kito

18/18

100

Representative Director and Vice President, Executive Vice President

Nobuhisa Ikawa

18/18

100

Director and Managing Executive Officer

Fumio Maeda

18/18

100

Director and Executive Officer

Masahito Kataoka

18/18

100

Director (Outside)

Yasuko Kono

18/18

100

4/5

80

18/18

100

13/13

100

Director (Outside)

Atsushi Iwasaki

Director (Outside)

Hideo Arase*1*2

Director (Outside)

Tokushi Yamasaki

Audit & Supervisory Board Member

Sadanori Miyagai

18/18

100

Audit & Supervisory Board Member

Nobuyuki Tazawa

18/18

100

Audit & Supervisory Board Member (Outside)

Akihiko Shiba

18/18

100

Audit & Supervisory Board Member (Outside)

Masayuki Kitaguchi

18/18

100

Audit & Supervisory Board Member (Outside)

Tokushi Yamasaki

*2

5/5

100

Audit & Supervisory Board Member (Outside)

Shigeru Nishiyama*3

13/13

100

The following notes have been added concerning resignations and appointments of officers in June 2022
*1 Resigned in June
*2 Resigned from the Audit & Supervisory Board was appointed as a director in June
*3 Appointed in June30

Corporate Governance

FY2022 Status of Optional Committee Attendance■Compliance Committee
Position

Name

President and Representative Director, President and CEO

Yoshihide Hata

Meetings Attended/
Meetings Convened
4/4

Representative Director and Vice President, Executive Vice President

Tetsuhiro Kito

4/4

100

Representative Director and Vice President, Executive Vice President

Nobuhisa Ikawa

4/4

100

Director and Managing Executive Officer

Fumio Maeda

4/4

100

Director (Outside)

Yasuko Kono

4/4

100

Managing Executive Officer

Nobuo Oda

3/4

75

Managing Executive Officer

Kohei Akiyama

4/4

100

Hiroshi Matsuura

4/4

100

Union representative officers

Yuta Yamagishi

4/4

100

Audit & Supervisory Board Member (Outside)

Masayuki Kitaguchi*1

4/4

100

General Manager of the Compliance Department＊ The Committee also includes advisors and outside experts

Attendance Rate(%)
100■Sustainability Committee
Meetings Attended/
Meetings Convened

Attendance Rate(%)

Position

Name

President and Representative Director, President and CEO

Yoshihide Hata

4/4

100

Representative Director and Vice President, Executive Vice President

Tetsuhiro Kito

4/4

100

Representative Director and Vice President, Executive Vice President

Nobuhisa Ikawa

4/4

100

Director and Managing Executive Officer

Fumio Maeda

4/4

100

Director and Executive Officer

Masahito Kataoka

4/4

100

Director (Outside)

Yasuko Kono

4/4

100

Director (Outside)

Atsushi Iwasaki

4/4

100

Director (Outside)

Hideo Arase

4/4

100

Masayuki Kitaguchi
Nobuo Oda

3/3

100

4/4

100

Kohei Akiyama

4/4

100

*1,*2

1/1

100

*1,*3

3/3

100

Director (Outside)
Managing Executive Officer
Managing Executive Officer
Audit & Supervisory Board Member (Outside)
Audit & Supervisory Board Member (Outside)*2

Masayuki Kitaguchi
Shigeru Nishiyama＊ Additional member is outside expert*1 Observer*2 Resigned from the Audit & Supervisory Board and was appointed as a director in June 2022

*3 Appointed in June

31

Corporate Governance■Executive Appointments Committee
Position
Director (Outside)
Director (Outside)
Director (Outside)
Audit & Supervisory Board Member (Outside)

Name

Yasuko Kono
Hideo Arase
Tokushi Yamasaki
Akihiko Shiba

Meetings Attended/Meetings Convened

6/6
6/6
6/6
6/6

Attendance Rate(%)

100
100
100
100

■Board of Independent Outside Officers
Position
Director (Outside)
Director (Outside)
Director (Outside)
Director (Outside)
Audit & Supervisory Board Member (Outside)
Audit & Supervisory Board Member (Outside)
Audit & Supervisory Board Member (Outside)
Audit & Supervisory Board Member (Outside)

Name

Yasuko Kono
Atsushi Iwasaki*1
Hideo Arase
Tokushi Yamasaki*2
Akihiko Shiba
Masayuki Kitaguchi
Tokushi Yamasaki*2
Shigeru Nishiyama*3

Meetings Attended/Meetings Convened

2/2
1/1
2/2
1/1
2/2
2/2
1/1
1/1

Attendance Rate(%)

100
100
100
100
100
100
100
100

■Compensation Committee
Position
President and Representative Director, President and CEO
Director (Outside)
Director (Outside)
Director (Outside)
Director (Outside)

Name

Yoshihide Hata
Yasuko Kono
Atsushi Iwasaki*1
Hideo Arase
Tokushi Yamasaki*2

Meetings Attended/Meetings Convened

4/4
4/4
1/1
4/4
3/3

Attendance Rate(%)

100
100
100
100
100

■Board of Independent Officers and Representative Directors
Meetings Attended/Meetings Convened
Attendance Rate(%)
Position
Name
2/2
100
President and Representative Director, President and CEO
Yoshihide Hata
2/2
100
Representative Director and Vice President, Executive Vice President
Tetsuhiro Kito
2/2
100
Representative Director and Vice President, Executive Vice President
Nobuhisa Ikawa
2/2
100
Director (Outside)
Yasuko Kono
*1
0/1
0
Director (Outside)
Atsushi Iwasaki
2/2
100
Director (Outside)
Hideo Arase
1/1
100
Director (Outside)
Tokushi Yamasaki*2
2/2
100
Audit & Supervisory Board Member (Outside)
Akihiko Shiba
2/2
100
Audit & Supervisory Board Member (Outside)
Masayuki Kitaguchi
*2
1/1
100
Audit & Supervisory Board Member (Outside)
Tokushi Yamasaki
1/1
100
Audit & Supervisory Board Member (Outside)
Shigeru Nishiyama*3*1 Resigned in June
*2 Resigned from the Audit & Supervisory Board and was appointed as a director in June 2022
*3 Appointed in June

32

Corporate Governance

Promoting Compliance
NH Foods Group engages in awareness-raising activities to deepen employees' understanding of compliance and reaffirm its importance.

Compliance Training (NH Foods Group in Japan)
We reaffirm the importance of compliance at all levels of the organization by acquiring knowledge about harassment and communication, engaging ingroup discussions based on case studies, and through other initiatives.
Items
Number of attendees

FY2018FY2019FY2020

FY2021

FY2022

1,070

1,026

1,370

1,272

1,957

732

795

1,102

971

1,625

Number of attendees ranked manager and higher＊ Total number of attendees for training designed for different levels of the organization, such as new employee training, manager training and Group company president training＊ Applicable employees: Officers and General Managers in 2018 and 2021, Section Chiefs in 2019 and 2020, and Officers, General Managers, and Section Chiefs in 2022

Compliance Competition (NH Foods Group in Japan)
Knowledge on harassment and communication, as well as the results of initiatives underway at different workplaces and business sites are shared.
Items
Number of attendees

FY2018FY201919,400

FY202017,460

FY2021

20,545

FY2022

20,28817,186

NH Foods Group Consultation Desk (NH Foods Group in Japan)
In addition to an internal consultation desk, an independent outside consultation desk has also been set up so that Group employees can freely report andconsult on actual workplace conditions.
Items

FY2018FY2019201

Number of consultations received

FY2020179

FY2021199

FY2022249

244

Compliance Visits to Business Sites (NH Foods Group in Japan)
With the aim of avoiding, mitigating and preventing risks, the Compliance Department visits business sites to listen to employee sentiments regarding theonsite atmosphere, business-related issues, interpersonal issues, and other items.
Items

FY2018FY2019FY2020

FY2021

FY2022

Number of group companies visited

9

10

7

18

15

Number of business sites visited

96

43

15

24

24

Applicable number of employees

Approx. 1,300

Approx. 1,000

Approx. 700

Approx. 900

Approx. 650＊ Due to COVID-19, compliance activities were primarily conducted remotely in FY202033