ITOHAM YONEKYU HOLDINGS INC. February 08, 2022
Summary of Consolidated Financial Results
(Japanese Accounting Standards)
for the Nine Months Ended December 31, 2021 (Q3 FY 2021)
Company name: | Itoham Yonekyu Holdings Inc. |
Stockexchange listing: | Tokyo Stock Exchange |
Stock code: | 2296 |
URL: | https://www.itoham-yonekyu-holdings.com |
Representative: | Isao Miyashita, President and Representative Director |
Contact: | Kenji Uchiyama, Manager, Investor Relations Section |
Tel. +81-3-5723-6885 | |
Scheduled date for filing of securities report: | February 14, 2022 |
Scheduled date of commencement of dividend payment: | - |
Supplementary documents for financial results: | Yes |
Quarterly results briefing: | No |
(Amounts of less than one million yen are truncated) |
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021-December 31, 2021)
(1) Consolidated Results of Operations (Accumulated Total) | (% figures show year-on-year change) | |||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | |||||
to owners of parent | ||||||||
Nine months ended | Million Yen | % | Million Yen | % | Million Yen | % | Million Yen | % |
December 31, 2021 | 655,708 | ― | 23,135 | ― | 26,796 | ― | 18,582 | ― |
December 31, 2020 | 646,827 | -2.1 | 22,172 | 32.9 | 24,161 | 30.1 | 18,304 | 58.0 |
(Note) Comprehensive income: | Nine months ended December 31, 2021 | ||
Nine months ended December 31, 2020 | |||
Earnings per share | Earnings per share | ||
(diluted) | |||
Nine months ended | Yen | Yen | |
December 31, 2021 | 63.46 | 63.43 | |
December 31, 2020 | 62.12 | 62.08 |
18,627 million Yen (－%)
19,596 million Yen (82.5%)
(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. Therefore, Consolidated Financial Results is provided without stating the amount of the year-on-year comparison (%) .
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | ||||
Million Yen | Million Yen | % | ||||
As of December 31, 2021 | 416,921 | 259,388 | 62.1 | |||
As of March 31, 2021 | 394,086 | 247,648 | 62.7 | |||
(Reference) Shareholders' equity: | As of December 31, 2021 | 258,704 | million Yen | |||
As of March 31, 2021 | 246,931 | 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.
2. Dividends
First | Second | Third | Fiscal | Total | ||
For the fiscal year ended | Yen | Yen | Yen | Yen | Yen | |
March 31, 2021 | － | 0.00 | － | 21.00 | 21.00 | |
March 31, 2022 | － | 0.00 | ||||
For the fiscal year ending | ||||||
March 31, 2022 | － | 22.00 | 22.00 | |||
(Forecast) |
(Note) Changes to most recent dividend forecast: None
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
(April 1, 2021 to March 31, 2022)
(% figures show year-on-year change)
Net Sales | Operating profit | Ordinary profit | Profit attributable | Earnings per share | ||||||||
to owners of parent | ||||||||||||
Million Yen | % | Million Yen | % | Million Yen | % | Million Yen | % | Yen | ||||
Full year | 820,000 | － | 24,000 | － | 26,000 | － | 16,500 | － | 56.35 | |||
(Note) Changes to most recent financial results forecast: None |
(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. Therefore, the Forecast of Consolidated Financial Results is provided without stating the amount of the year-on-year comparison (%) .
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Consolidated Financial Statements | ItohamYonekyu Holdings Inc. (2296) | ||
(1) Consolidated Balance Sheets | |||
(Million Yen) | |||
As of March 31, 2021 | As of December 31, 2021 | ||
ASSETS | |||
Current assets | |||
Cash and deposits | 50,952 | 20,208 | |
Notes and accounts receivable-trade | 86,591 | 126,222 | |
Merchandise and finished goods | 63,313 | 71,421 | |
Work in process | 1,745 | 1,268 | |
Raw materials and supplies | 17,174 | 20,136 | |
Other | 6,617 | 10,944 | |
Allowance for doubtful accounts | (10) | (16) | |
Total current assets | 226,384 | 250,183 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 36,433 | 36,192 | |
Machinery, equipment and vehicles, net | 28,919 | 28,315 | |
Tools, furniture & fixtures, net | 1,468 | 1,451 | |
Land | 25,745 | 25,933 | |
Leased assets, net | 2,758 | 2,515 | |
Others, net | 2,269 | 1,802 | |
Total property, plant and equipment | 97,595 | 96,210 | |
Intangible assets | |||
Goodwill | 19,573 | 18,512 | |
Other | 2,150 | 3,518 | |
Total intangible assets | 21,724 | 22,030 | |
Investments and other assets | |||
Investment securities | 29,331 | 29,011 | |
Retirement benefit asset | 12,162 | 12,981 | |
Other | 6,993 | 6,603 | |
Allowance for doubtful receivables | (105) | (99) | |
Total investments and other assets | 48,382 | 48,495 | |
Total non-current assets | 167,702 | 166,737 | |
Total Assets | 394,086 | 416,921 |
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ItohamYonekyu Holdings Inc. (2296)
(Million Yen) | ||
As of March 31, 2021 | As of December 31, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable-trade | 56,615 | 70,945 |
Electronically recorded obligations | 1,660 | 1,936 |
Short-term loans payable | 25,704 | 20,421 |
Current portion of Long-term loans payable | 155 | 150 |
Income taxes payable | 4,149 | 1,747 |
Provision for bonuses | 6,397 | 3,470 |
Provision for directors' bonuses | 147 | 112 |
Provision for loss on disaster | 467 | 329 |
Other | 27,743 | 34,277 |
Total current liabilities | 123,041 | 133,390 |
Non-current liabilities | ||
Long-term loans payable | 10,717 | 10,606 |
Net defined benefit liability | 1,725 | 1,733 |
Asset retirement obligations | 1,475 | 1,488 |
Other | 9,477 | 10,312 |
Total non-current liabilities | 23,396 | 24,141 |
Total liabilities | 146,438 | 157,532 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 30,003 | 30,003 |
Capital surplus | 96,624 | 96,615 |
Retained earnings | 116,989 | 129,268 |
Treasury shares | (3,624) | (4,150) |
Total shareholders' equity | 239,992 | 251,737 |
Other accumulated comprehensive income | ||
Valuation difference on available-for-sale securities | 7,298 | 6,474 |
Deferred gains or losses on hedges | (329) | (356) |
Foreign currency translation adjustment | (3,073) | (1,868) |
Remeasurements of defined benefit plans | 3,042 | 2,716 |
Total accumulated other comprehensive income | 6,939 | 6,967 |
Subscription rights to shares | 131 | 118 |
Non-controlling interests | 585 | 565 |
Total net assets | 247,648 | 259,388 |
Total liabilities and net assets | 394,086 | 416,921 |
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Consolidated Statements of Income and Comprehensive Income | ItohamYonekyu Holdings Inc. (2296) | |||
Consolidated Statements of Income | ||||
(April 1,2021 - December 31, 2021) | ||||
(Million Yen) | ||||
Nine months ended | Nine months ended | |||
December 31, 2020 | December 31, 2021 | |||
Net sales | 646,827 | 655,708 | ||
Cost of goods sold | 536,396 | 550,913 | ||
Gross profit | 110,431 | 104,795 | ||
Selling, general and administrative expenses | 88,259 | 81,660 | ||
Operating profit | 22,172 | 23,135 | ||
Non-operating income | ||||
Interest income | 42 | 27 | ||
Dividend income | 321 | 437 | ||
Rent income | 311 | 320 | ||
Insurance income | 159 | 244 | ||
Share of profit in investments accounted for using the | 712 | 1,101 | ||
equity method | ||||
Subsidy income | 606 | 1,335 | ||
Other | 468 | 627 | ||
Total non-operating income | 2,622 | 4,093 | ||
Non-operating expenses | ||||
Interest expenses | 292 | 237 | ||
Rent on real estate | 110 | 100 | ||
Other | 230 | 93 | ||
Total non-operating expenses | 633 | 432 | ||
Ordinary profit | 24,161 | 26,796 | ||
Extraordinary income | ||||
Gain on sale of non-current assets | 55 | 5 | ||
Gain on sale of investment securities | 6 | 55 | ||
Insurance income | 3,003 | 134 | ||
Gain on donation of non-current assets | - | 906 | ||
Other | - | 24 | ||
Total extraordinary income | 3,065 | 1,126 | ||
Extraordinary losses | ||||
Loss on retirement of non-current assets | 249 | 170 | ||
Loss on valuation of investment securities | 469 | - | ||
Loss on compression of non-current assets | - | 904 | ||
Others | 12 | 20 | ||
Total extraordinary losses | 731 | 1,095 | ||
Profit before income taxes | 26,495 | 26,827 | ||
Income taxes-current | 7,182 | 6,315 | ||
Income taxes-deferred | 923 | 1,898 | ||
Total income taxes | 8,106 | 8,213 | ||
Profit | 18,388 | 18,613 | ||
Profit attributable to non-controlling interests | 84 | 30 | ||
Profit attributable to owners of parent | 18,304 | 18,582 |
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ItohamYonekyu Holdings Inc. (2296)
(Consolidated statements of comprehensive income) (April 1,2021 - December 31, 2021)
(Million Yen) | ||
Nine months ended | Nine months ended | |
December 31, 2020 | December 31, 2021 | |
Profit | 18,388 | 18,613 |
Other comprehensive income | ||
Valuation difference on available-for- sale securities | 2,202 | (844) |
Deferred gains or losses on hedges | (261) | (27) |
Foreign currency translation adjustment | (570) | 883 |
Remeasurements of defined benefit plan | 143 | (344) |
Share of profit in investments accounted for using the | (306) | 346 |
equity method | ||
Total other comprehensive income | 1,207 | 13 |
Comprehensive income | 19,596 | 18,627 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 19,545 | 18,610 |
Comprehensive income attributable to non-controlling interests | 50 | 16 |
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Itoham Yonekyu Holdings Inc. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 03:10:04 UTC.
