Yakult Honsha : Supplementary Materials for Financial Statements For the Year Ended March 31, 2023 (765 KB)

( Millions of yen )

As of Mar. 31

As of Mar. 31

Increase

Primary reason for change

2022

2023

( Decrease )

2． Major Increases ( Decreases ) in Consolidated Statement of Income

( Millions of yen．% )

FY2021

FY2022

Increase ( Decrease )

Primary reason for change

ForecastsRevised *

( 2021.4 ~ 2022.3 ) ( 2022.4 ~ 2023.3 )

Amount

Ratio

( 2022.4 ~

2023.3 )

Net sales

415,116

483,071

67,954

16.4

481,000

( Net sales by business segments )

Food and beverages ( Japan )

203,293

240,455

37,162

18.3

Increase in sales of dairy

products

Food and beverages ( Overseas )

185,000

215,109

30,108

16.3

FX impact +29,777

Pharmaceuticals

16,992

12,763

(4,229)

(24.9)

Others

19,473

25,445

5,972

30.7

Adjustments

(9,644)

(10,703)

(1,058)

11.0

Cost of sales

166,699

194,593

27,893

16.7

Gross profit

248,416

288,477

40,061

16.1

Gross profit margin

59.8

59.7

(0.1)

Selling, general and administrative expenses

195,213

222,409

27,195

13.9

Selling expenses

92,187

103,313

11,125

General and administrative expenses

103,026

119,096

16,070

Operating profit

53,202

66,068

12,866

24.2

64,000

Operating profit margin

12.8

13.7

0.9

( Operating profit by business segments )

Food and beverages ( Japan )

28,243

47,443

19,200

68.0

Food and beverages ( Overseas )

37,986

34,802

(3,184)

(8.4) FX impact +5,372

Pharmaceuticals

2,634

(192)

(2,826)

―

Others

(745)

1,242

1,988

―

Adjustments

(14,916)

(17,228)

(2,311)

15.5

{ include corporate expenses }

{ (9,446) }

{ (10,933) }

{ (1,486) }

15.7

Non-operating incomes

16,768

14,250

(2,518)

(15.0)

Interest income

3,305

6,036

2,730

Dividend income

1,919

1,970

51

Share of profit of entities accounted for using

6,432

2,638

(3,793)

equity method

Foreign exchange gain

2,417

427

(1,989)

Others

2,693

3,176

483

Non-operating expenses

1,420

2,347

926

65.2

Interest expenses

680

666

(14)

Others

740

1,681

941

Ordinary profit

68,549

77,970

9,421

13.7

FX impact +6,388

79,000

Ratio of ordinary profit to net sales

16.5

16.1

(0.4)

Extraordinary income

4,279

4,248

(30)

(0.7)

Extraordinary losses

3,349

3,690

340

10.2

Profit before income taxes

69,479

78,529

9,050

13.0

Income taxes

20,197

22,636

2,439

Profit

49,281

55,892

6,610

13.4

Profit attributable to non-controlling interests

4,364

5,251

887

20.3

Profit attributable to owners of parent

44,917

50,641

5,723

12.7

FX impact +4,357

50,000

Ratio of profit attributable to owners of

10.8

10.5

(0.3)

parent to net sales

( 4 ) Major Items in selling, general and administrative expenses

( Millions of yen. % )

Fiscal year ended March 31, 2022

Fiscal year ended March 31, 2023

Fiscal year ending March 31, 2024

Performance

Year on year

Performance

Year on year

Forecast

Year on year

Advertising expenses

17,459

101.9

18,148

103.9

-

-

Promotion expenses

7,085

98.0

8,011

113.1

-

-

Sales commission

28,357

111.3

31,280

110.3

-

-

Freightage expenses

13,378

91.3

15,339

114.7

-

-

Salaries and allowance

47,354

109.4

55,453

117.1

-

-

Depreciation

4,563

100.9

4,589

100.6

-

-

development expenses

8,617

102.0

9,338

108.4

-

-