Itoham Yonekyu : Third Quarter Consolidated Results Year Ending March 31, 2022

Third Quarter Consolidated Results

Year Ending March 31, 2022

February 08, 2022

Itoham Yonekyu Holdings Inc.

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Table of Contents

■ Consolidated Results Third Quarter Year Ending March 31, 2022

Profit/Loss

Itemized Sales

Selling, General and Administrative Expenses・

Non-Operating G/L・Extraordinary G/L

Balance Sheet

Cash Flow Statement

■ Segment Information

Processed Food Division Results

Meat Division Results

Segment Information

■ Forecast Year Ending March 31, 2022

Processed Food Division

Meat Division

Segment Information

Profit/Loss

Itemized Sales

■ Appendix (Market Data)

Overseas Market Prices

CPI

Ham Sausage Data

Domestic Production/Imports

Meat Data

Marketed Volume/Ending Inventory (Beef)

Marketed Volume/Ending Inventory (Pork)

Marketed Volume/Ending Inventory (Chicken)

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Consolidated Results

Third Quarter

Year Ending March 31, 2022

• From the beginning of the current fiscal year, "Accounting Standards for Revenue Recognition" (Corporate Accounting Standard No. 29), etc. have been applied.
• Since less than 100 million yen is rounded down, the sum and difference of the indicated values may not match the total.

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Profit/Loss

Quarterly Actual

					100Million Yen, %
	*After applying revenue recognition		*Previous year
	(Our estimated value)			published figures
	2021/03		2022/03			2021/03
	1-3Ｑ		1-3Ｑ	Change		1-3Ｑ
Sales	6,231		6,557	325		6,468
COGS	5,206		5,509	302		5,363
Gross Profit	1,025		1,047	22		1,104
(% of sales)	16.4		16.0	-0.5		17.1
Selling, General and	804		816	11		882
Administrative Expenses
(% of sales)	12.9		12.5	-0.5		13.6
Operating Income	220		231	11		221
(% of sales)	3.5		3.5	-0.0		3.4
Non-operating Gain/Loss	19		36	16		19
Ordinary Income	241		267	26		241
(% of sales)	3.9		4.1	0.2		3.7
Extra-ordinary Gain/Loss	23		0	-23		23
Income Before Taxes	264		268	3		264
Net Income	183		185	2		183
(% of sales)	2.9		2.8	-0.1		2.8

※Round down less than 100 million yen

Sales

(Processed Food Division)

・Increased sales of mainly household processed foods ・Increased sales of commercial roast beef

(Meat Division)

・Increased sales of imported chicken due to increased demand

・Increased sales of imported chicken due to increased demand

Gross profit

(Processed Food Division)

・Sales recovery of roast beef

• Manufacturing cost reduction effect by promoting production optimization (Meat Division)
  ・Incresed demand for imported chiken
  ・Increase in profits of overseas business (Anzco Foods)

Selling, general and administrative expenses

・increase logistics expenses（＋600million yen)

・increased advertising expenses（＋200million yen）※Strengthen promotion）

※Comparison of our estimated values after applying the revenue recognition standard

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Itemized Sales

Itemized Sales

						100Million Yen
	*After applying revenue recognition			*Previous year
	(Our estimated value)				published figures
	2021/03		2022/03			2021/03
	1-3Ｑ		1-3Ｑ	Change		1-3Ｑ
Sales	6,231		6,557	325		6,468
Ham/Sausage	1,356		1,360	3		1,400
Processed Food	1,107		1,141	33		1,128
Meat	3,652		3,900	248		3,824
Others	114		154	40		114

※Round down less than 100 million yen

Year on Year Changes

				%
			2022/03
			1-3Ｑ
			Volume	Amount
Ham/Sausage	-0.7	0.3
Processed Food	1.3	3.0
Meat	1.7	6.8
		Beef	-5.5	8.5
		Pork	0.8	-1.0
		Chicken	11.5	16.0
		Others	5.5	17.0
	Comparison of our estimated values after applying the revenue
	recognition standard
		• For reference
		Year on year changes excluding ANZCO
				%
			2022/03
			1-3Ｑ
			Volume	Amount
	Ham/Sausage	-0.9	-0.5
	Processed Food	0.6	2.2
	Meat	2.7	4.6
		Beef	-5.0	5.7
		Pork	0.8	-1.0
		Chicken	11.5	16.0
		Others	-4.3	8.1

Comparison of our estimated values after applying the revenue recognition standard

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