www.nittofuji.co.jp/files/ir/business/ir13098265671.pdf

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第113期報告書（平成22年4月1日～平成23年3月31日）

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This document is the 113th annual report of Nitto Fuji Seifun Co., Ltd., covering the period from April 1, 2010, to March 31, 2011. It summarizes the company's performance and management status during a time when the Japanese economy was showing signs of recovery, but was significantly impacted by the Great East Japan Earthquake. The report highlights the trends in the main businesses, including the flour and food sector, which faced challenges due to unstable raw material prices, resulting in decreased sales. Conversely, the food service sector performed well due to new store openings. The document also emphasizes the company's commitment to food safety and environmental issues through ISO certifications. Looking ahead, the report indicates a challenging business environment and the need for improved operational efficiency and synergy effects.