Nisshin OilliO "Natural Power of Plants"

Quality of life

02Quality of life

Contributing to the realization of a more enhanced quality of life, through the pursuit of “good flavor” and “beauty”

Good flavor and beauty are important aspects of personal values, and fulfilling these values helps people live happy lives. Focusing on these aspects, we will continue to enrich people’s lives by promoting a higher quality of life and creating value that can be enjoyed by everyone.

Shared value

  • Promote a higher quality of life through our products and services by providing oils and fats that offer good flavor and beauty.

CSV goals for FY2030 (major KPIs)

90%

Brand refinement to offer a higher quality of life through good flavor for foods (corporate brand awareness)

Creation of products that pursue “good flavor” and “beauty”

Further contribution to food enrichment by creating new categories based on edible oils

200%

Increase in growth rate of beauty-enhancing products*
(compared with FY2019)

*
Cosmetic raw materials (including products of IQL and The Nisshin OilliO (Shanghai) International Trading Co., Ltd.), health and sanitation management business of Settsu Inc.

Social environment and issues

  • Consumer dietary habits are changing in Japan, with more people eating alone, less time being spent on cooking, and people preferring a broader range of foods.
  • Demand for indulgences and cosmetics is expected to increase globally in regions with a growing middle class.
  • As the COVID-19 pandemic wanes and commodity prices soar, various aspects in dietary habits will change as consumer behavior changes.
  • People will begin choosing products by looking beyond value and function and focusing more on resonance with the brand’s philosophy and social value.

Impact on the Group   ▲: Risk ●: Opportunity

  • ▲ Fewer people will be frying—a typical use of oils and fats—at home.
  • ● Households and individuals will diversify the usage of oils and fats.
  • ● Demand for chocolate and cosmetic raw materials will increase globally, leading to business opportunities.
  • ▲● Changes in people’s dietary habits will cause fluctuations in the demand for oils and fats in different types of business.
  • ▲● Acquisition of new customers will be possible by providing products that better resonate with consumers (e.g., products that solve societal and environmental issues, products with a focus on natural qualities).

Specific efforts to resolve issues

  • Proposing cooking methods that utilize oils and fats to make ingredients taste better, enjoy a rich dining experience, and provide opportunities for gatherings, thereby expanding the food scene with a sense of affluence.
  • Creating new value by leveraging the distinct characteristics of oils and fats to create flavors through combinations with other ingredients.
  • Promoting the development of food products using natural manufacturing methods and organic ingredients, as well as safe, high-quality, functional oils for cosmetics.
  • Creating flavors that customers desire by maximizing the flavor of chocolate, soybeans, and other ingredients.