Asahi : Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
Asahi Holdings, Inc. [IFRS]
	April 27, 2023
Stock code:	5857
Shares listed:	Tokyo Stock Exchange - Prime Market
URL:	https://www.asahiholdings.com/english
Representative:	Tomoya Higashiura, Representative Director, President & CEO
For further information please contact:	Kunihiko Chogo, General Manager, Corporate Planning &
	Communications Department
	(Phone) [phone]
The Ordinary General Meeting of Shareholders:	June 20, 2023
Filing date of financial statements:	June 21, 2023
Start of dividend payment:	June 5, 2023
Supplementary materials for the financial results:	Yes
Investor conference for the financial results:	Yes (for institutional investors, analysts)

									(Rounded down to the nearest million yen)
1. Results of the fiscal year ended March 31, 2023 (From April 1, 2022 to March 31, 2023)
(1) Results of operations						(Percentage: Changes relative to corresponding previous period)
	Revenue		Operating	Profit before	Profit	Profit	Total
		attributable to	comprehensive
		profit		tax
								owners of parent	income
The fiscal year ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen %	Millions of yen %	Millions of yen %
March 31, 2023	292,449	52.0	19,263	(27.2)	16,052	(39.1)	10,929	(41.7)	10,929	(41.7)	12,761	(15.9)
March 31, 2022	192,442	16.8	26,446		5.3	26,372		0.9	18,735	(27.2)	18,735	(27.2)	15,173	(54.6)

	Basic earnings per	Diluted earnings	Profit to equity
	attributable to
	share	per share
	owners of parent
The fiscal year ended	Yen	Yen	%
March 31, 2023	141.19	128.72	10.3
March 31, 2022	238.11	214.13	18.5
(Reference) Share of profit (loss) of investments accounted for using equity method:
Fiscal year ended March 31, 2023	(616) million yen;
Fiscal year ended March 31, 2022	207 million yen
(2) Financial Position
	Total assets	Total equity	Equity attributable
	to owners of parent
As of	Millions of yen	Millions of yen	Millions of yen
March 31, 2023	287,448	106,957	106,957
March 31, 2022	298,387	105,137	105,137

Profit before tax to total assets

%

5.5

9.7

Equity attributable to owners of parent ratio

%

37.2

35.2

Operating

profit to revenue

%

6.6

13.7

Equity per share attributable to owners of parent

Yen 1,395.52 1,336.89

(3) Cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	the fiscal year
The fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2023	36,754	(3,935)	(23,818)	17,952
March 31, 2022	11,103	(7,820)	(6,044)	6,127

2. Dividend payments

			Dividends per share				Total						Dividend
													Payout		to equity
												dividend			attributable
		First	Second	Third								ratio
			Year-end		Annual		payment					to owners of
		quarter	quarter	quarter				(annual)		(consolidated)		parent
																			(consolidated)
		Yen	Yen	Yen		Yen		Yen		Millions of yen			%			%
Year ended March 31, 2022	-	45.00		-		45.00			90.00		7,167		37.8				7.0
Year ended March 31, 2023	-	45.00		-		45.00			90.00		6,987		63.7				6.6
Year ending March 31, 2024	-	45.00		-		45.00			90.00					52.3
(Forecast)
(Note)	The year-end dividend for the fiscal year ended March 31, 2023 will be finalized	at a meeting of the Board
	of Directors to be held in May.
3. Forecast (From April 1, 2023 to March 31, 2024)	(Percentage: Changes relative to corresponding previous period)
					Operating			Profit before		Profit			Basic earnings
		Revenue				attributable to
			profit			tax				per share
								owners of parent
Six months ending	Millions of yen %	Millions of yen %		Millions of yen %	Millions of yen	%			Yen
120,000	(9.5)		8,000	(30.4)		7,800		(23.8)	5,500	(24.6)		71.76
September 30, 2023
Year ending March 31, 2024	250,000	(14.5)		19,000	(1.4)		18,500		15.2	13,200	20.8			172.23

• Notes
• 1. Changes in significant subsidiaries during the current fiscal year: No
  2. Changes in accounting policies and accounting estimates
  3. 1. Changes in accounting policies required by IFRS: No
     2. Changes other than (i) above: No
     3. Changes in accounting estimates: No
  4. Number of issued shares (common stock)
  5. 1. Number of issued shares at the end of year (including treasury stock)

	As of March 31, 2023	79,708,688 shares
	As of March 31, 2022	79,708,688 shares
(ii) Number of treasury stock at the end of year
	As of March 31, 2023	3,065,458 shares
	As of March 31, 2022	1,065,437 shares
(iii) Averaged number of shares during the period
	Year ended March 31, 2023	77,410,371 shares
	Year ended March 31, 2022	78,683,537 shares

(Reference) Summary of Nonconsolidated Results
1. Nonconsolidated results of the fiscal year ended March 31, 2023 (From April 1, 2022 to March 31, 2023)
(1) Results of operations						(Percentage: Changes relative to corresponding previous period)
			Net sales		Operating profit			Ordinary profit		Profit
The fiscal year ended			Millions of yen	%	Millions of yen	%		Millions of yen	%	Millions of yen	%
March 31, 2023			6,181	(61.9)	5,285	(64.0)		5,649	(62.3)		4,988	(66.7)
March 31, 2022			16,229	15.9	14,694	12.3			14,972	20.4		14,964	(26.2)
			Earnings per share		Diluted earnings per share
The fiscal year ended			Yen						Yen
March 31, 2023		64.45					64.24
March 31, 2022		190.19					188.95
(2) Financial Position
			Total assets		Net assets				Shareholders' equity ratio	Net assets per share
As of			Millions of yen		Millions of yen					%			Yen
March 31, 2023		105,827				76,143			70.9			978.52
March 31, 2022		122,730				82,338			66.2			1,032.41
(Reference)
Shareholders' equity	As of March 31, 2023: 74,996 million yen			As of March 31, 2022:	81,191 million yen

• This report is not subject to audit procedures
• Statement regarding the proper use of financial forecasts and other special remarks (Notes on forward looking statements, etc.)
  These forecast performance figures are based on the information currently available to the Company's management and certain assumptions judged rational. Accordingly, there might be cases in which actual results materially differ from forecasts of this report. Please refer to page 2 "1. Overview of Consolidated Operating Results (1) Consolidated Business Performance for the Year ended March 31, 2023" for the assumptions used and other notes.

【Appendix】

Table of contents of the appendix

1. Overview of Consolidated Operating Results	2
(1)	Consolidated Business Performance for the Year ended March 31, 2023	2
(2)	Consolidated Financial Position and Cash Flows for the Year ended March 31, 2023	2
(3)	Dividends	3
(4)	Business and Other Risks	3
2. Our Group	7
3. Basic Concept Regarding Selection of Accounting Standards	9
4. Consolidated Financial Statements	10
(1)	Consolidated Statements of Financial Position	10
(2)	Consolidated Statements of Income	12
(3)	Consolidated Statements of Comprehensive Income	13
(4)	Consolidated Statements of Changes in Equity	14
(5)	Consolidated Statements of Cash Flows	16
(6)	Notes on Assumptions for Going Concern	17
(7)	Notes on Consolidated Financial Statements	17
1.	Reporting entity	17
2.	Basis of preparation	17
3.	Significant accounting policies	17
4.	Significant accounting estimates and associated judgements	17
5.	Segment information	17
6.	Impairment loss	19
7.	Per share information	21
8.	Subsequent events	21
5. Others	22
(1)	Amounts of sales	22

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