Summary of Consolidated Financial Statements
for the Third Quarter of the Fiscal Year Ending November 30, 2023
[JAPAN GAAP]
October 5, 2023 | |
Listed company name: | Kewpie Corporation |
Listed exchange: | Tokyo Stock Exchange |
Securities code: | 2809 |
URL: | https://www.kewpie.com/en/ |
Representative: | Mitsuru Takamiya, |
Representative Director, President and Chief Executive Corporate Officer | |
Contact: | Takumi Tomita, |
Corporate Officer in charge of Accounting and Finance |
Scheduled date for filing quarterly securities report: October 13, 2023
Scheduled date for dividend payment: -
Quarterly supplementary data: Yes
Quarterly results briefing: None
(Amounts are rounded down to the nearest million yen.)
1. Consolidated business results for the third quarter of the fiscal year ending November 30, 2023 (From December 1, 2022 to August 31, 2023)
- Consolidated operating results (Cumulative)
(Percentage figures show changes from the sameperiod of the previous year.)
Net sales | Operating income | ||||||
Millions of yen | % | Millions of yen | % | ||||
Nine months ended | 335,897 | 5.6 | 13,341 | (37.7) | |||
August 31, 2023 | |||||||
Nine months ended | 318,214 | 4.7 | 21,407 | (2.3) | |||
August 31, 2022 | |||||||
(Note) Comprehensive income: Nine months ended August 31, 2023 | |||||||
Nine months ended August 31, 2022 |
Ordinary income | Profit attributable to | ||
owners of parent | |||
Millions of yen | % | Millions of yen | % |
15,083 | (34.3) | 11,081 | (23.8) |
22,945 | (1.9) | 14,541 | 0.1 |
¥15,207 million (Decrease of 39.5%) ¥25,149 million (Increase of 23.3%)
Earnings per share | Earnings per share | |||||||
(diluted) | ||||||||
Yen | Yen | |||||||
Nine months ended | 79.72 | - | ||||||
August 31, 2023 | ||||||||
Nine months ended | 104.61 | - | ||||||
August 31, 2022 | ||||||||
(2) Consolidated financial position | ||||||||
Total assets | Net assets | Equity ratio | ||||||
Millions of yen | Millions of yen | % | ||||||
As of August 31, 2023 | 418,768 | 302,522 | 65.5 | |||||
As of November 30, 2022 | 403,384 | 294,623 | 66.4 | |||||
(Reference) Shareholders' equity: | As of August 31, 2023 | ¥274,230 million | ||||||
As of November 30, 2022 | ¥267,657 million |
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2. Dividends
Annual dividend per share | |||||||
End of 1st | End of 2nd | End of 3rd | Year-end | ||||
quarter | quarter | quarter | |||||
Yen | |||||||
Yen | Yen | Yen | |||||
Fiscal year 2022 | - | 20.00 | - | 27.00 | |||
Fiscal year 2023 | - | 23.00 | - | ||||
Fiscal year 2023 (Forecast) | 27.00 |
(Note) Revision to the most recently announced forecast of dividends: None
Total
Yen
47.00
50.00
3. Forecasts of consolidated operating results for the fiscal year ending November 30, 2023 (From December 1, 2022 to November 30, 2023)
(Percentage figures show changes from the previous year.)
Net sales | Operating income | Ordinary income | Profit attributable to | Earnings | |||||||
owners of parent | per share | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
Year ending | 453,300 | 5.3 | 18,000 | (29.2) | 19,900 | (27.0) | 12,000 | (25.2) | 86.33 | ||
November 30, 2023 | |||||||||||
(Note) Revision to the | most recently | announced | forecast of | consolidated | operating results: Yes |
*Notes
- Changes in significant subsidiaries during the nine months (Changes in specified subsidiaries resulting in the change in the scope of consolidation): None
- Application of special accounting treatments for the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies and estimates, and restatements
- Changes in accounting policies due to revision of accounting standards: Yes
- Changes in accounting policies due to reasons other than "a)" (above): None
- Changes in accounting estimates: None
- Restatements: None
- Number of issued shares (common stock)
- Number of issued shares at the end of the period (including treasury stock):
August 31, 2023 | 141,500,000 shares |
November 30, 2022 | 141,500,000 shares |
b) Number of shares of treasury stock at the end of the period: | |
August 31, 2023 | 2,496,748 shares |
November 30, 2022 | 2,495,894 shares |
c) Average number of shares during the period (cumulative from the beginning of the fiscal year):
December 1, 2022 to August 31, 2023 | 139,003,619 shares |
December 1, 2021 to August 31, 2022 | 139,004,505 shares |
- The summary of quarterly consolidated financial statements is outside the scope of quarterly review procedures by certified public accountants or an audit corporation.
- Statement for an appropriate usage of the forecasts of operating results and other special notes
The forecasts and other forward looking statements contained in this summary are based on the information currently available to the Company and certain assumptions considered reasonable by the Company. Therefore, they are not guaranteed to be achieved by the Company. As a result, the forecasts of operating results may differ significantly from the actual operating results due to various factors.
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Table of contents | |
I. Quarterly consolidated financial statements and major notes | 2 |
1. Quarterly Consolidated Balance Sheets | 2 |
2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of
Comprehensive Income | 4 |
(Quarterly Consolidated Statements of Income) (Nine months ended August 31, 2022 and | |
August 31, 2023) | 4 |
(Quarterly Consolidated Statements of Comprehensive Income) (Nine months ended August | |
31, 2022 and August 31, 2023) | 5 |
3. Notes Regarding Quarterly Consolidated Financial Statements | 6 |
(Notes regarding assumption of a going concern) | 6 |
(Notes regarding the significant changes in the amount of shareholders' equity) | 6 |
(Changes in accounting policies) | 6 |
(Segment information) | 7 |
1
-
Quarterly consolidated financial statements and major notes
1. Quarterly Consolidated Balance Sheets
(Millions of yen) | ||||
Previous fiscal year | Current third quarter | |||
(As of November 30, 2022) | (As of August 31, 2023) | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 57,825 | 60,304 | ||
Notes and accounts receivable - trade | 59,414 | 69,074 | ||
Securities | 10,000 | 1,300 | ||
Purchased goods and products | 20,867 | 28,702 | ||
Work in process | 2,659 | 2,220 | ||
Raw materials and supplies | 13,551 | 15,613 | ||
Other | 3,524 | 4,826 | ||
Allowances for doubtful accounts | (115) | (299) | ||
Total current assets | 167,726 | 181,741 | ||
Fixed assets | ||||
Tangible fixed assets | ||||
Buildings and structures | 162,131 | 162,776 | ||
Accumulated depreciation | (97,130) | (100,696) | ||
Net book value | 65,001 | 62,079 | ||
Machinery, equipment and vehicles | 153,551 | 154,663 | ||
Accumulated depreciation | (111,171) | (113,735) | ||
Net book value | 42,379 | 40,927 | ||
Land | 30,529 | 30,763 | ||
Construction in progress | 3,446 | 4,245 | ||
Other | 18,768 | 19,285 | ||
Accumulated depreciation | (13,075) | (13,691) | ||
Net book value | 5,693 | 5,593 | ||
Total tangible fixed assets | 147,050 | 143,610 | ||
Intangible fixed assets | ||||
Goodwill | 364 | 227 | ||
Other | 15,274 | 15,792 | ||
Total intangible fixed assets | 15,639 | 16,020 | ||
Investments and other assets | ||||
Investment securities | 45,633 | 49,558 | ||
Assets for retirement benefits | 18,656 | 19,344 | ||
Other | 8,798 | 8,587 | ||
Allowances for doubtful accounts | (119) | (94) | ||
Total investments and other assets | 72,969 | 77,395 | ||
Total fixed assets | 235,658 | 237,026 | ||
Total assets | 403,384 | 418,768 |
2
(Millions of yen)
Liabilities Current liabilities
Notes and accounts payable - trade Short-term loans payable Accrued income taxes
Reserves for bonuses Other reserves Other
Total current liabilities
Non-current liabilities
Bonds
Long-term loans payable
Liabilities for retirement benefits
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Paid-in capital
Capital surplus
Earned surplus
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income Unrealized holding gains (losses) on securities Unrealized gains (losses) on hedges Foreign currency translation adjustments Accumulated adjustments for retirement benefits
Previous fiscal year | Current third quarter |
(As of November 30, 2022) | (As of August 31, 2023) |
33,051 | 35,140 |
3,058 | 18,571 |
2,157 | 2,508 |
1,487 | 5,507 |
155 | 97 |
25,342 | 23,772 |
65,252 | 85,598 |
10,000 | 10,000 |
16,070 | 856 |
2,840 | 2,354 |
267 | 270 |
14,330 | 17,166 |
43,508 | 30,647 |
108,761 | 116,245 |
24,104 | 24,104 |
28,634 | 28,637 |
203,515 | 207,647 |
(5,840) | (5,842) |
250,413 | 254,546 |
9,348 | 11,587 |
(1) | 50 |
5,911 | 6,130 |
1,985 | 1,916 |
Total accumulated other comprehensive income | 17,244 | 19,684 | |
Non-controlling interests | 26,965 | 28,291 | |
Total net assets | 294,623 | 302,522 | |
Total liabilities and net assets | 403,384 | 418,768 |
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Kewpie Corporation published this content on 05 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2023 06:24:04 UTC.