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Board of Directors (As of June 29, 2005) Board of Directors From left: Takahisa Yanagida, Ken Sasahara, Akihide Matsuo, Koki Ando, Momofuku Ando, Susumu Nakagawa, Taiji Matsumura, Yasuhiro Matsuyama and Osamu Tetsubayashi; inset from left, Seiji Toda and Takayuki Naruto Founder Momofuku Ando President & Representative Director Koki Ando Managing Director & Representative Director Susumu Nakagawa In charge of Sales Managing Director Akihide Matsuo General Manager of Corporate Production Planning Division and in charge of Corporate Planning Directors Seiji Toda Chairman of Nissin Foods (China) Holding Co., Ltd. Takayuki Naruto President of Nissin Foods (U.S.A.) Co., Inc. Taiji Matsumura General Manager of Central Research Institute Ken Sasahara General Manager of International Division Yasuhiro Matsuyama General Manager of Sales Division Takahisa Yanagida General Manager of Financial Division Osamu Tetsubayashi General Manager of Marketing Division Yorihiko Kojima* President & CEO, Mitsubishi Corp. Eizo Kobayashi* President & CEO, ITOCHU Corp. *<strong>No</strong>n-executive director Standing Corporate Auditors Hayato Togami Yuichi Terada Corporate Auditors Toru Horinouchi Hiroshi Takano CORPORATE EXECUTIVE OFFICERS <strong>No</strong>buyuki Akamatsu Deputy General Manager of Central Research Institute Kenkichi Morishita General Manager of Technical Engineering Division Toshio Shigeta Vice President of Nissin Foods (U.S.A.) Co., Inc. Masahiro Sasaki General Manager of Personnel Division Masami Nishio General Manager of Corporate Planning Division Toshihiro Yamada General Manager of Food Safety Research Institute Takashi Takahashi General Manager of Shizuoka Plant Takashi Yokogoshi General Manager of Shiga Plant Kazumasa Santo General Manager of Osaka Sales Division Hideki Hattori General Manager of Advertising Division 20
Nissin Food Products Co., Ltd. and Its Consolidated Subsidiaries Consolidated Six-Year Summary of Selected Financial Data Millions of yen (except per share information) Years ended March 31 2005 2004 2003 2002 2001 2000 For the year Net sales ................................................. ¥ 316,973 ¥ 320,033 ¥ 315,279 ¥ 308,463 ¥ 301,082 ¥ 292,541 Cost of sales............................................ 156,877 161,979 160,258 157,663 152,652 150,055 Gross profit ............................................ 160,096 158,054 155,021 150,800 148,430 142,486 Selling, general and administrative expenses ............................................... 131,133 134,851 128,621 125,984 121,146 114,854 Operating income ................................... 28,963 23,203 26,400 24,816 27,284 27,632 Other income (expenses) ......................... (1,891) 1,502 (880) (4,741) (2,388) 21 Income before income taxes and minority interests................................... 27,072 24,705 25,520 20,075 24,896 27,653 Income taxes ........................................... 10,244 10,437 10,901 7,613 9,810 12,094 Minority interests in earnings of consolidated subsidiaries ....................... 216 217 197 526 (117) 40 Net income ............................................. 16,612 14,051 14,422 11,936 15,203 15,519 Per share Net income ............................................. ¥ 134.36 ¥ 113.61 ¥ 115.65 ¥ 93.91 ¥ 119.32 ¥ 120.39 Cash dividends ........................................ 30.00 30.00 30.00 30.00 24.00 27.00 Shareholders’ equity................................ 2,091.16 1,980.14 1,892.89 1,835.03 1,812.45 1,710.88 At year-end Working capital....................................... ¥ 56,332 ¥ 62,017 ¥ 60,044 ¥ 71,086 ¥ 45,175 ¥ 74,109 Property, plant and equipment—net......... 75,332 81,243 87,537 82,444 94,568 96,931 Total assets ............................................. 361,105 343,645 331,994 326,913 326,196 312,076 Long-term liabilities ................................. 19,414 16,175 11,739 11,118 9,464 2,885 Shareholders’ equity................................ 258,139 244,439 233,708 230,582 230,930 217,992 R&D expenses ............................................... ¥ 2,697 ¥ 2,762 ¥ 2,757 ¥ 2,579 ¥ 2,541 ¥ 2,515 Capital expenditures...................................... 3,251 6,766 6,965 6,312 4,891 4,763 Value & performance indicators Operating margin (%) ............................. 9.1 7.3 8.4 8.0 9.1 9.4 Return on assets (%) ............................... 4.7 4.2 4.4 3.7 4.8 5.2 Return on equity (%)............................... 6.6 5.9 6.2 5.2 6.8 7.3 Inventory turnover (times) * ....................... 12.9 13.6 13.6 14.1 14.9 15.3 * Inventory turnover = Cost of sales/Average total inventory 21F inancial Section
Page 2 and 3: Nissin Foods’ Slogan in 2005 is
Page 4 and 5: Nissin Food Products Co., Ltd., and
Page 6 and 7: To Our Shareholders Nissin Kentaro
Page 8 and 9: Maintaining food safety is paramoun
Page 10 and 11: Review of Operations (Consolidated)
Page 12 and 13: To promote marketing strategies tha
Page 14 and 15: Review of Operations Review of Over
Page 16 and 17: Review of Operations In Beijing, Ni
Page 18 and 19: Review of Operations Research and D
Page 20 and 21: Founder Momofuku Ando: Father of an
Page 24 and 25: Financial Review F inancial Section
Page 26 and 27: Net cash used in investing activiti
Page 28 and 29: (2) Increases in Price of Raw Mater
Page 30 and 31: Nissin Food Products Co., Ltd. and
Page 36 and 37: F inancial Section Derivative trans
Page 38 and 39: The Company’s pensions are paid f
Page 40 and 41: 14. Litigation The Group is not cur
Page 42 and 43: Basic Policy Regarding Corporate Go
Page 44 and 45: Worldwide Network W orldwide Networ
Page 46 and 47: Corporate Data Nissin Food Products
Page 48: 28-1, 6-chome, Shinjuku, Shinjuku-k

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