Kyokuyo : IR Presentation Materials for the Year Ended March 31, 2022
May 31, 2022 at 02:11 am EDT
Share
Financial Results for the Year
Ended March 31, 2022
May 2022
KYOKUYO CO., LTD.
(Tokyo Stock Exchange Prime Section Securities Code: 1301)
The company has applied "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of fiscal year ended March 31, 2022. The figures for the fiscal year ended March 31, 2022 are figures after the application of the said accounting standard, etc.
Contents
I. Year Ended March 31, 2022
Pages 2-13
II. Measures & Performance Forecast
Pages 14-19
for the Year Ending March 31, 2023
III. Shareholder Returns
Pages 20-21
Reference Materials
Pages 22-28
I. Year Ended March 31, 2022
Consolidated Statements of Income
(Millions of yen)
Net sales
249,197
4,378
1.8%
250,000
3,575
Operating profit
4,657
1,734
37.2%
5,000
1,392
Ordinary profit
4,879
2,025
41.5%
5,000
1,904
Profit attributable to
3,838
796
20.7%
3,500
1,134
owners of parent
Vs. same period previous year
・Operating profit and ordinary profit increased significantly to all-time highs, both increasing around 40%. ・Profit attributable to owners of parent also increased by around 20%.
Vs. initial year forecast (disclosed May 14, 2021)
・Net sales, operating profit, ordinary profit, and profit attributable to owners of parent all exceeded forecast.
・Profit increased significantly, led by the Marine Products Purchasing business which captured strong demand for eating at home during the COVID-19 pandemic.
* Consolidated performance forecast values for the year ended March 31, 2022 were revised and disclosed on February 25, 2022.
Consolidated Balance Sheet
(Millions of yen)
Assets
Liabilities
Current assets
86,649
99,527
12,877
Current liabilities
39,189
56,936
17,747
Notes and accounts
8,941
9,950
1,009
payable - trade
Notes and accounts
32,869
28,683
(4,186)
Short-term borrowings
receivable - trade
18,056
30,714
12,657
(including commercial
paper)
Merchandise and
32,150
44,997
12,847
Non-current liabilities
37,166
31,348
(5,817)
finished goods
Work in process
3,667
3,440
(226)
Long-term borrowings
32,720
27,021
(5,698)
Raw materials and
5,942
6,191
248
Total liabilities
76,355
88,285
11,929
supplies
16,214
4,194
Other
12,019
Net assets
Non-current assets
29,681
30,932
1,251
Shareholders' equity
35,300
39,072
3,771
Total property, plant and
15,715
18,897
3,181
Accumulated other
5,081
3,632
(1,448)
equipment
comprehensive income
Total intangible assets
417
350
(67)
Non-controlling interests
(407)
(530)
(123)
Investments and
13,547
11,685
(1,862)
Total net assets
39,975
42,174
2,199
other assets
Total assets
116,331
130,460
14,129
Total liabilities and
116,331
130,460
14,129
net assets
Inventories increased due to rising market prices for seafood, resulting in increases for both merchandise and finished goods and short-term borrowings (including commercial paper).
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Disclaimer
Kyokuyo Co. Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 06:09:09 UTC.
KYOKUYO CO., LTD. is a Japan-based company primarily engaged in food business. The Company operates in six business segments. The Marine Products Purchasing business segment is engaged in the purchase, processing and sale of marine products. The Frozen Food segment is engaged in the manufacture and sale of frozen food. The Normal Temperature Products segment is engaged in the manufacture and sale of canned processed foodstuffs and seafood delicacy. The Logistics Service segment operates refrigerated warehouse business. The Tuna Fishery segment is engaged in catching, firm-raising, processing and sale of sliced bonito and tuna. The Others segment is engaged in the insurance agency business.
KYOKUYO CO., LTD. 
