伊藤ハム米久ホールディングス（2296） – Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (Japanese Accounting Standards)

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2022(Japanese Accounting Standards)May 09, 2022Company name:Stock (cid:10)exchange listing:Stock code: URL:Representative:Contact:Scheduled date for general shareholders’ meeting:Scheduled date for filing of securities report:Scheduled date of commencement of dividend payment:Supplementary documents for financial results:Quarterly results briefing:Itoham Yonekyu Holdings Inc.Tokyo Stock Exchange2296https://www.itoham-yonekyu-holdings.comIsao Miyashita, President and Representative DirectorMasaru Kato, General Manager, Public &Investor Relations OfficeTel. +81-3-5723-6889June 24, 2022June 24, 2022June 06, 2022YesYes (For institutional investors, analysts)(Amounts of less than one million yen are truncated) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2020–March 31, 2022)(1) Consolidated Results of Operations(% figures show year-on-year change)For the fiscal year endedMarch 31, 2022March 31, 2021(Note) Comprehensive income:Million Yen854,374842,675For the fiscal year endedDecember 31, 2022December 31, 2021(Reference) Equity in income or losses of affiliates:Net salesOperating profitOrdinary profit% Million Yen28,596―27,00039.1% Million Yen24,611―24,018-1.1The fiscal year ended March 31, 2022The fiscal year ended March 31, 2021Diluted net income per shareProfit (loss)per share% Million Yen19,118―20,20438.2Profit (loss)attributable to owners%―76.621,97925,209 million Yen (136.5%) million Yen (－%)Net income toshreholder’s equityOrdinary Income toassetsOperating income to net salesYen65.3468.61Yen65.3168.57The Fiscal Year Ended March 31, 2022The Fiscal Year Ended March 31, 2021%7.58.5%7.16.9605 million Yen1,040 million Yen%2.92.9(Note) As the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. has been applied from the beginning of the first quarter of the fiscalyear　　　　 ending March 31, 2022, the figures for the first nine months of the fiscal year ending March 31, 2022 are after the application of the said accounting standard,etc., 　 and the percentage change from the same period of the previous year is not stated.(2) Consolidated financial positionAs of March 31, 2022As of March 31, 2021(Reference) Shareholders’ equity: Total assetsNet assetsEquity ratioMillion Yen413,123394,086Million Yen262,740247,648Net assets per shareYen897.66843.52%63.462.7As of March 31, 2022As of March 31, 2021262,023246,931 million Yen million Yen(Note) The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29 ), etc. has been applied　　　　 since the beginning of the six months of the consolidated fiscal year under review. As a result, the accounting treatment of revenue 　 differs from that of the six months of the previous fiscal year.(3) Consolidated cash flowsFor the fiscal year endedMarch 31, 2022March 31, 20212. DividendsFor the fiscal year endedMarch 31, 2021March 31, 2022For the fiscal year endingMarch 31, 2023(Forecast)From operatingactivitiesFrom investingactivitiesFrom finacingactivitiesMillion Yen18,47340,862Million Yen-11,251-10,837Million Yen-10,653-21,097Cash and cashequivalents at the endof fiscal yearMillion Yen47,69050,651Dividend per shareFirstquarter-endSecondquarter-endThirdquarter-endFiscalquarter-endTotalTotal amountofcashdividends(annual)Dividendpayout ratio(consolidated)Ratio oftotal amountofdividends toshareholders’equity%2.62.6Yen－－－Yen0.000.000.00Yen21.0023.0024.00Yen Million Yen6,1476,71321.0023.0024.00%30.635.246.7Yen－－－13. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023(April 1, 2022 to March 31, 2023) Net SalesOperating profitOrdinary incomeProfit (loss) per shareMillion Yen422,000% Million Yen11,5001.0% Million Yen13,000-20.6-21.4865,0001.221,000-14.724,000-16.115,000-21.5(% figures show year-on-year change)Profit (loss)attributable to owners%-28.0% Million Yen8,500Yen29.1251.39Second quarter-end(Cumulative)Full year2Consolidated Financial Statements and Key Notes(1) Consolidated balance sheetsItohamYonekyu Holdings Inc. (2296)As of March 31, 2021As of March 31, 2022(Million Yen)ASSETSCurrent assetsCash and depositsNotes and accounts receivable-tradeNotesAccounts receivable-tradeMerchandise and finished goodsWork in processRaw materials and suppliesOtherAllowance for doubtful accountsTotal current assetsNon-current assets Property, plant and equipmentBuildings and structuresAccumulated depreciationBuildings and structures, netMachinery, equipment and vehiclesAccumulated depreciationMachinery, equipment and vehicles, netTools, furniture & fixturesAccumulated depreciationTools, furniture & fixtures, netLandLeased assetsAccumulated depreciationLeased assets, netConstruction in progressOthersAccumulated depreciationOthers, netTotal property, plant and equipmentIntangible assetsGoodwillOtherTotal intangible assetsInvestments and other assetsInvestment securitiesLong-term loans receivableDeferred tax assetsRetirement benefit assetOtherAllowance for doubtful accountsInvestments and other assetsTotal non-current assets Total Assets350,95286,591–63,3131,74517,1746,617(10)226,384102,615(66,181)36,433125,742(96,823)28,9196,903(5,435)1,46825,7456,214(3,455)2,7582,176145(52)9297,59519,5732,15021,72429,3311,52073412,1624,738(105)48,382167,702394,08647,991-8388,92474,8141,71319,03710,848(7)243,405104,678(68,425)36,252129,928(101,653)28,2747,264(5,733)1,53026,0176,171(3,683)2,4872,244238(44)19397,00018,1583,95522,11429,5981,35266714,7224,354(93)50,602169,717413,123LiabilitiesCurrent liabilitiesNotes and accounts payable – tradeElectronically recorded obligations – operatingShort-term borrowingsCurrent portion of Long-term borrowingsLease obligationsAccounts payable-otherIncome taxes payableAccrued consumption taxesProvision for bonusesProvision for bonuses for directors (and other officers)Provision for loss on disasterOtherTotal current liabilitiesNon-current liabilitiesLong-term borrowingsLease obligations Deferred tax liabilitiesRetirement benefit liabilityAsset retirement obligationsOtherTotal non-current liabilitiesTotal liabilitiesNet assetsShareholders’ equityCapital stockCapital surplusRetained earningsTreasury sharesTotal shareholder’s equityAccumulated other comprehensive incomeValuation difference on available-for-sale securitiesDeferred gains or losses on hedgesForeign currency translation adjustmentRemeasurements of defined benefit plansTotal accumulated other comprehensive incomeShare acquisition rightsNon-controlling interestsTotal net assetsTotal liabilities and net assetsItohamYonekyu Holdings Inc. (2296)As of March 31, 2021As of March 31, 2022(Million Yen)56,6151,66025,70415581321,7684,1495086,3971474674,653123,04110,7172,1934,2531,7251,4753,03123,396146,43830,00396,624116,989(3,624)239,9927,298(329)(3,073)3,0426,939131585247,648394,08662,3511,74724,40714475222,6092,8919046,6171513293,627126,53310,5721,9755,1431,7061,4902,96123,849150,38330,00396,615129,805(4,150)252,2736,727151(684)3,5569,750118598262,740413,1234Consolidated statements of income and comprehensive income ItohamYonekyu Holdings Inc. (2296)Consolidated statements of income(Million Yen)The Fiscal Year EndedMarch 31, 2021(Apr 1, 2020 – Mar 31, 2021）842,675702,695139,979115,96124,018The Fiscal Year EndedMarch 31, 2022(Apr 1, 2021 – Mar 31, 2022）854,374722,470131,904107,29224,611Net salesCost of salesGross profitSelling, general and administrative expensesOperating profitNon-operating IncomeInterest incomeDividend incomeRental incomeInsurance claim incomeSubsidy incomeShare of profit of entities accounted for using eqity methodOtherTotal non-operating incomeNon-operating expensesInterest expensesRental expenses on real estateOtherTotal non-operating expensesOrdinary profitExtraordinary incomeGain on sale of non-current assetsGain on sale of investment securitiesInsurance claim incomeGain on donation of non-current assetsOtherTotal extraordinary incomeExtraordinary lossesLoss on retirement of non-current assetsLoss on sale of investment securities Impairment lossLoss on tax purpose reduction entry of non-current assetsLoss on liquidation of subsidiariesOthersTotal extraordinary lossesProfit before income taxesIncome taxes-currentIncome taxes-deferredTotal income taxesProfitProfit attributable to non-controlling interestsProfit attributable to owners of parent5563284232141,2441,0405733,88236014339590027,000476103,003–3,490587475165-13981,37729,1138,3674518,81920,2948920,204434394333251,8806059004,62831813718764428,596557134906241,1284493115904-381,51028,2138,3746729,04719,1664819,118Consolidated statements of comprehensive incomeProfitOther comprehensive incomeValuation difference on available-for- sale securitiesDeferred gains or losses on hedgesForeign currency translation adjustmentRemeasurements of defined benefit plansShare of other copmprehensive income of entities accountedfor using equity methodTotal other comprehensive incomeComprehensive income(Breakdown)Comprehensive income attributable to owners of parentComprehensive income attributable to non-controlling interestsItohamYonekyu Holdings Inc. (2296)(Million Yen)The Fiscal Year EndedMarch 31, 2021(Apr 1, 2020 – Mar 31, 2021）20,294The Fiscal Year EndedMarch 31, 2022(Apr 1, 2021 – Mar 31, 2022）19,1662,449264411,6513464,91525,20925,14168(612)4801,4904579952,81221,97921,929496(3) Consolidated statements of cash flowsItohamYonekyu Holdings Inc. (2296)The Fiscal Year EndedMarch 31, 2021(Apr 1, 2020 – Mar 31, 2021）The Fiscal Year EndedMarch 31, 2022(Apr 1, 2021 – Mar 31, 2022）(Million Yen)Cash flows from operating activitiesProfit before income taxesDepreciationImpairment lossesIncrease (decrease) in provision for bonusesAmortization of goodwillInterest and dividend incomeInterest expensesInsurance claim incomeLoss on liquidation of subsidiariesSubsidy incomeShare of loss (profit) of entities accounted for using equity methodLoss (gain) on sale of investment securitiesDecrease (increase) in trade receivablesDecrease (increase) in inventoriesIncrease (decrease) in trade payablesIncrease (decrease) in accounts payable – otherIncrease (decrease) in retirement benefit liabilityDecrease (increase) in retirement benefit assetOtherSubtotalInterest and dividends receivedProceeds from insurance incomeSubsidies receivedInterest paidPayments associated with disaster lossIncome taxes paidNet cash provided by (used in) operating activitiesCash flows from investing activitiesPurchase of property, plant and equipmentPurchase of intangible assetsPurchase of investment securitiesProceeds from sale and redemption of investment securitiesLoan advancesProceeds from collection of loans receivableOtherNet cash provided by (used in) investing activitiesCash flows from financing activitiesNet increase (decrease) in short-term borrowingsRepayments of long-term borrowingsPurchase of treasury sharesPurchase of treasury shares of subsidiariesDividends paidPurchase of shares of subsidiaries not resulting in change inscope of consolidationRepayments of lease liabilitiesOtherNet cash provided by (used in) financing activitiesEffect of exchange rate change on cash and cash equivalentsNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of periodCash and cash equivalents at end of period729,11311,5191651,1161,483(385)360(3,218)139(1,244)(1,040)4641,2938,043(4,821)709(132)(708)(1,754)41,1036253,2271,033(360)(77)(4,688)40,862(9,685)(1,226)(73)714(237)235(564)(10,837)(3,192)(10,179)(1,478)(321)(5,009)(6)(866)(44)(21,097)(48)8,87941,77150,65128,21311,4741152191,428(482)318(460)-(1,880)(605)(53)(1,682)(12,345)5,420469(82)(1,817)(1,521)26,7271,1364641,749(318)(60)(11,226)18,473(9,039)(2,189)(169)106(236)419(143)(11,251)(2,795)(155)(649)-(6,144)-(872)(36)(10,653)471(2,961)50,65147,690