Nissin Foods

NISSIN FOODS USA PREMIUM CATEGORY GROWTH FUELS PRODUCT EXPANSION

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Wednesday, August 3, 2022 - 2:47pm

GARDENA, Calif., Aug. 3, 2022 /PRNewswire/ -- Nissin Foods, the creator of instant ramen, reported notable gains in 2021 following a year of unprecedented growth the year prior, with 22.2% growth in total product sales year-over-year. Fueled by a 30.9% share of the instant noodle market in the U.S., the company strengthened its position in the market supported by continued strategies for product innovation of its legacy brands including Cup Noodles and Top Ramen, after more than 50-years of operations.

Key Points: 
  • Creator of instant ramen, Nissin Foods wins with premium strategy in the U.S. market while honoring over 50 years of the Original Top Ramen and Cup Noodles
    GARDENA, Calif., Aug. 3, 2022 /PRNewswire/ -- Nissin Foods , the creator of instant ramen, reported notable gains in 2021 following a year of unprecedented growth the year prior, with 22.2% growth in total product sales year-over-year.
  • Nissin Foods reported a 22.2% growth in 2021 following a year of unprecedented growth the year prior.
  • Underscoring the rising trend of premium instant ramen products paired with consumer demand for convenient, value products, Nissin Foods saw a 32.0% growth in premium net sales, leading the premium category with a 82.3% share.
  • In 1970, Nissin Foods USA opened its first plant in Gardena, California, introducing ramen noodles to American consumers.

Nissin Foods (Hong Kong) Charity Fund Launches Orange Tennis Community Programme

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Wednesday, August 3, 2022 - 6:45am

HONG KONG, Aug 3, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced the launch of the Nissin Foods Orange Tennis Community Programme (Tai Po) by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Hong Kong Tennis Association ("HKTA"), offering regular weekly trainings for young players to promote healthy living.

Key Points: 
  • HONG KONG, Aug 3, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced the launch of the Nissin Foods Orange Tennis Community Programme (Tai Po) by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Hong Kong Tennis Association ("HKTA"), offering regular weekly trainings for young players to promote healthy living.
  • "We are delighted to launch the first initiative to be funded by the Nissin Foods Charity Fund," said Mr. Kiyotaka ANDO, Chairman of the Advisory Committee of the Charity Fund.
  • The Nissin Foods Orange Tennis Community Programme in Tai Po extends HKTA's Orange Ball Programme which is designed to provide players aged 7-10 years from disadvantaged backgrounds a second tennis experience to further their development.
  • The Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") was set up in September 2020 by way of a trust deed by Nissin Foods Company Limited (Stock code: 1475).

Nissin Foods Achieves Steady 2022 Q1 Financial Results

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Friday, May 13, 2022 - 4:46am

HONG KONG, May 13, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 ("the Reporting Period").

Key Points: 
  • HONG KONG, May 13, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 ("the Reporting Period").
  • Gross profit margin was 31.3% (2021: 32.1%), mainly a result of the increased prices of raw materials and other production costs.
  • Revenue from Hong Kong operations increased by 6.6% YoY to HK$357.9 million due to a surge in demand of bag-type instant noodles.
  • Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "With the COVID-19 epidemic prevailing, people's livelihood and economic recovery have been surrounded with uncertainties.

Nissin Foods and Toyota Partner to Realize Well-Being for All Through Food

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Wednesday, April 27, 2022 - 1:16am

TOKYO, Apr 27, 2022 - (JCN Newswire) - Nissin Food Products Co., Ltd. (Nissin Foods) and Toyota Motor Corporation (Toyota) have initiated an agreement to jointly foster human well-being through healthy eating.

Key Points: 
  • TOKYO, Apr 27, 2022 - (JCN Newswire) - Nissin Food Products Co., Ltd. (Nissin Foods) and Toyota Motor Corporation (Toyota) have initiated an agreement to jointly foster human well-being through healthy eating.
  • Under the slogan "Beyond Instant Foods," Nissin Foods is taking on the challenge of creating a new food culture that goes beyond the value of instant foods.
  • Applying the technology they have developed for instant noodles and other products, Nissin Foods is making various efforts to realize food for the future by utilizing proprietary and cutting-edge food production technology.
  • As a pioneer in creating new food cultures, Nissin Foods will continue to lead the global food scene through creativity and technology, under the slogan: "Beyond Instant Foods".

Nissin Foods and Toyota Partner to Realize Well-Being for All Through Food

Retrieved on: 
Tuesday, April 26, 2022 - 5:30am

Nissin Food Products Co., Ltd. (Nissin Foods) and Toyota Motor Corporation (Toyota) have initiated an agreement to jointly foster human well-being through healthy eating.

Key Points: 
  • Nissin Food Products Co., Ltd. (Nissin Foods) and Toyota Motor Corporation (Toyota) have initiated an agreement to jointly foster human well-being through healthy eating.
  • Under the slogan "Beyond Instant Foods," Nissin Foods is taking on the challenge of creating a new food culture that goes beyond the value of instant foods.
  • Applying the technology they have developed for instant noodles and other products, Nissin Foods is making various efforts to realize food for the future by utilizing proprietary and cutting-edge food production technology.
  • As a pioneer in creating new food cultures, Nissin Foods will continue to lead the global food scene through creativity and technology, under the slogan: "Beyond Instant Foods".

Nissin Foods Announces 2021 Annual Results, Financial Performance Exceeds High 2020 Baseline

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Tuesday, March 22, 2022 - 3:57am

The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).

Key Points: 
  • The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).
  • Profit attributable to owners of the Company increased by 0.6% YoY to HK$303.8 million (2020: HK$301.9 million), representing a net profit margin of 7.9% (2020: 8.6%).
  • Revenue in the Mainland China operations recorded strong growth in the review year, surpassing the high baseline set in 2020.
  • Consequently, the Group's 2021 financial performance has been able to exceed the high baseline set in 2020.

Nissin Foods Announces Price Revision in Mainland China, Effective 1 March 2022

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Wednesday, January 5, 2022 - 7:10am

HONG KONG, Jan 5, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.

Key Points: 
  • HONG KONG, Jan 5, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.
  • The most recent price adjustments by Nissin Foods on its instant noodles in Mainland China was over a decade ago in 2011.
  • Effective 1 March 2022, Nissin Foods will increase the ex-factory price of its key instant noodle products in Mainland China by a mid-single-digit percentage point on average.
  • The price adjustment will be applied to Cup Noodles, Demae Iccho (bag, cup and bowl types), Nissin Pasta, Raoh and so on.

Nissin Foods Receives Funding Approval from Re-Industrialisation Funding Scheme

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Tuesday, November 9, 2021 - 3:59am

HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.

Key Points: 
  • HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.
  • Funded by the Re-Industrialisation Funding Scheme, Nissin Foods will set up a smart production line with robotics, sensors and smart systems with real-time monitoring on the production of instant noodles in the Nissin Plant, Tai Po Industrial Estate (visual provided by Nissin Foods Company Limited).
  • The Funding Support will be used to implement a new smart and automated production line in one of Nissin Foods' production plants located at the Tai Po Industrial Estate.
  • Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "Nissin Foods is proud to be the first food manufacturer and the second company to gain approval for the maximum funding under the Re-Industrialisation Funding Scheme.

Nissin Foods Announces 2021 Q3 Financial Results

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Friday, November 5, 2021 - 4:20am

HONG KONG, Nov 5, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its financial results for the nine months ended 30 September 2021 ("the Reporting Period").

Key Points: 
  • HONG KONG, Nov 5, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its financial results for the nine months ended 30 September 2021 ("the Reporting Period").
  • Revenue of the Group increased by 6.4% to HK$2,858.6 million, from HK$2,685.6 million for the corresponding period in 2020.
  • Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The Group maintains healthy financial metrics with stable contribution from PRC and Hong Kong operations during the Reporting Period.
  • At Nissin Foods, we are constantly enhancing our product portfolio and improving our production efficiency.

Nissin Foods Introduces New Cup Noodles® Stir Fry™ Rice With Noodles

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Wednesday, October 6, 2021 - 3:00pm

GARDENA, Calif., Oct. 6, 2021 /PRNewswire/ --Today, Nissin Foods , the inventor of Cup Noodles, celebrates National Noodle Day with the launch of Cup Noodles Stir Fry Rice With Noodles, declaring the iconic brand is not just in the noodle business anymore!

Key Points: 
  • GARDENA, Calif., Oct. 6, 2021 /PRNewswire/ --Today, Nissin Foods , the inventor of Cup Noodles, celebrates National Noodle Day with the launch of Cup Noodles Stir Fry Rice With Noodles, declaring the iconic brand is not just in the noodle business anymore!
  • Cup Noodles Stir Fry Rice With Noodles makes popular Asian rice dishes even more delicious with stir fry noodles mixed in for a uniquely satisfying alternative to takeout, available in Japanese Teriyaki Chicken, Korean Spicy Beef, and Thai Yellow Curry varieties.
  • "To celebrate Cup Noodles' 50th anniversary this year, we're paying homage to our founder Momofuku Ando's spirit of innovation by boldly going where no Cup Noodles has gone before stir fry rice with noodles," said Jaclyn Park, Vice President, Marketing, Nissin Foods USA.
  • Nissin Foods USA develops and markets a variety of products including Cup Noodles, Top Ramen, Cup Noodles Stir Fry, Hot & Spicy Fire Wok, and RAOH.