Supplementary Schedules
Consolidated Financial Results
for Q3 FY2023
Nine-months Period Ended December, 2022
IFRS
Kikkoman Corporation
Index
I. Major consolidated performance indicators
- Business performance
- Exchange rates
- Consolidated business performance
- Consolidated business performance in Japan
- Consolidated business performance overseas
- Other income (expenses) and finance income (costs)
- Consolidated statement of financial position
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- Forecasts throughout this document were based on the economic environment as of the time they were prepared. Kikkoman therefore wishes to caution readers that actual results may differ materially from forecasts due to a number of unpredictable factors.
I. Major consolidated performance indicators
Consolidated Results | 2020.9 | 2021.9 | 2022.9 | 2021.3 | 2022.3 | 2023.3 | |
Actual | Actual | Actual | Actual | Actual | Forecast | ||
Revenue | millions of yen | 212,892 | 248,681 | 305,378 | 439,411 | 516,440 | 596,700 |
YoY change | % | - | 16.8 | 22.8 | (0.0) | 17.5 | 15.5 |
Business profit | millions of yen | 21,950 | 27,634 | 31,751 | 42,650 | 52,273 | 55,100 |
(Business profit ratio) | % | 10.3 | 11.1 | 10.4 | 9.7 | 10.1 | 9.2 |
YoY change | % | - | 25.9 | 14.9 | 12.1 | 22.6 | 5.4 |
Operating profit | millions of yen | 22,159 | 27,086 | 30,343 | 41,672 | 50,682 | 52,800 |
(Operating profit ratio) | % | 10.4 | 10.9 | 9.9 | 9.5 | 9.8 | 8.8 |
YoY change | % | - | 22.2 | 12.0 | 19.4 | 21.6 | 4.2 |
Profit before income taxes | millions of yen | 22,790 | 29,651 | 32,459 | 43,194 | 54,231 | 56,200 |
(Profit before income tax ratio) | % | 10.7 | 11.9 | 10.6 | 9.8 | 10.5 | 9.4 |
YoY change | % | - | 30.1 | 9.5 | 14.2 | 25.6 | 3.6 |
Profit for the period/year attributable to owners of | millions of yen | 16,278 | 21,367 | 23,292 | 31,159 | 38,903 | 40,700 |
the parent | |||||||
(Ratio of profit for the period/year attributable to | % | 7.6 | 8.6 | 7.6 | 7.1 | 7.5 | 6.8 |
owners of the parent to revenue) | |||||||
% | - | 31.3 | 9.0 | 16.1 | 24.9 | 4.6 | |
YoY change | |||||||
Comprehensive income for the period/year | millions of yen | 14,508 | 24,398 | 62,413 | 43,919 | 61,686 | - |
attributable to owners of the parent | |||||||
Basic earnings per share | yen | 84.79 | 111.41 | 121.62 | 162.31 | 202.94 | 212.53 |
Diluted earnings per share | yen | - | - | - | - | - | - |
Cash dividends per share | yen | - | - | - | 45.00 | 61.00 | 61.00 |
Dividend payout ratio (consolidated) | % | - | - | - | 27.7 | 30.1 | 28.7 |
Total equity | millions of yen | 287,854 | 330,583 | 418,613 | 313,514 | 363,907 | - |
Equity attributable to owners of the parent | millions of yen | 282,698 | 324,846 | 411,947 | 308,130 | 357,816 | - |
Equity attributable to owners of the parent per | yen | - | - | - | 1,605.08 | 1,868.13 | - |
share | |||||||
millions of yen | 402,218 | 453,940 | 562,780 | 438,508 | 503,061 | - | |
Total assets | |||||||
Equity attributable to owners of the parent to total | % | 70.3 | 71.6 | 73.2 | 70.3 | 71.1 | - |
assets | |||||||
D/E ratio | % | 15.1 | 13.8 | 13.0 | 14.6 | 13.1 | - |
Ratio of dividend to equity attributable to owners of | % | - | - | - | 3.0 | 3.5 | - |
the parent (consolidated) | |||||||
% | 5.9 | 6.8 | 6.1 | 10.7 | 11.7 | - | |
ROE attributable to owners of the parent | |||||||
Ratio of profit before income taxes to total assets | % | 5.7 | 6.6 | 6.1 | 10.3 | 11.5 | - |
Share price at end of period | yen | 5,820 | 9,090 | 8,200 | 6,590 | 8,130 | - |
PER | times | - | - | - | 40.6 | 40.1 | - |
Cash flows from operating activities | millions of yen | 27,592 | 21,461 | 20,526 | 57,167 | 52,093 | - |
Cash flows from investing activities | millions of yen | (9,486) | (11,661) | (11,176) | (16,886) | (16,105) | - |
Cash flows from financing activities | millions of yen | (8,352) | (9,719) | (10,678) | (15,420) | (17,900) | - |
Cash and cash equivalents at end of period | millions of yen | 37,645 | 55,849 | 88,526 | 55,678 | 79,229 | - |
Free cash flows | millions of yen | 18,393 | 10,204 | 10,817 | 40,393 | 32,730 | - |
Free cash flows per share | yen | 95.81 | 53.21 | 56.48 | 210.41 | 170.74 | - |
Interest-bearing debt | millions of yen | 42,774 | 44,797 | 53,468 | 44,943 | 46,704 | - |
Capital expenditures | millions of yen | 7,822 | 11,853 | 15,282 | 20,946 | 24,617 | 48,500 |
Depreciation and amortization | millions of yen | 9,617 | 9,867 | 10,876 | 19,371 | 20,041 | 22,800 |
R&D costs | millions of yen | 2,219 | 2,332 | 2,440 | 4,758 | 4,892 | - |
Net financial income (loss) | millions of yen | 119 | 318 | 582 | 196 | 430 | - |
Average term exchange rate | yen/US$ | 106.68 | 110.18 | 133.46 | 106.17 | 112.86 | 129.19 |
Number of employees | people | 7,620 | 7,700 | 7,768 | 7,645 | 7,686 | - |
Average number of temporary workers | people | - | - | - | 646 | 633 | - |
Shares issued and outstanding at end of period | thousand | 191,973 | 191,617 | 191,478 | 191,971 | 191,537 | - |
(Notes) 1. Revenue does not include consumption and other taxes.
-
Free cash flows = Cash flows from operating activities
- Cash used for the acquisition of property, plant and equipment and intangible assets + Cash provided from the sale of property, plant and equipment and intangible assets - Interest-bearingdebt refers to all liabilities on the consolidated statement of financial position on which interest is paid
- Net financial income = Interest and dividend income - Interest expense
- Equity attributable to owners of the parent = Total equity - Share acquisition rights - Non-controlling interes
- D/E ratio = Interest-bearing debt/Equity attributable to owners of the parent
- Shares issued and outstanding at end of period is computed, excluding treasury stock.
- Business profit = Revenue - Cost of sales - Selling, general and administrative expenses
9. Consolidated performance indicators of the annual and six-month periods of the most recent years are indicated.
- Sup. 1 -
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Business performance
1. Exchange rates
[Exchange Rates]
Current year actual | Previous year actual | Change increase (decrease) | ||||||
Period | End of | Period | End of | Period | End of | |||
average | period | average | period | % | % | |||
average | period | |||||||
(22.4-22.12) | (22.12) | (21.4-21.12) | (22.3) | |||||
US$ | 135.40 | 132.70 | 111.38 | 122.39 | 24.02 | 121.6 | 10.31 | 108.4 |
EURO | 140.42 | 141.47 | 130.85 | 136.70 | 9.57 | 107.3 | 4.77 | 103.5 |
S$ | 97.80 | 98.76 | 82.72 | 90.49 | 15.08 | 118.2 | 8.27 | 109.1 |
A$ | 93.05 | 89.57 | 82.86 | 92.00 | 10.19 | 112.3 | (2.43) | 97.4 |
- Sup. 2 -
2. Consolidated business performance
Revenue | Millions of yen | |||||||
Change | Change | |||||||
2022.12 | 2021.12 | excluding | ||||||
increase | % | % | ||||||
Actual | Actual | translation | ||||||
(decrease) | ||||||||
difference | ||||||||
Japan | Soy Sauce | 33,310 | 33,082 | 227 | 100.7 | 227 | 100.7 | |
Food Products | 38,025 | 42,246 | (4,221) | 90.0 | (4,221) | 90.0 | ||
Portion accounted for by | 26,793 | 26,225 | 567 | 102.2 | 567 | 102.2 | ||
soy sauce derivative products | ||||||||
Beverages | 33,127 | 34,238 | (1,110) | 96.8 | (1,110) | 96.8 | ||
Portion accounted for by | 23,732 | 25,187 | (1,455) | 94.2 | (1,455) | 94.2 | ||
soy milk beverages | ||||||||
Liquor and Wine | 7,932 | 7,026 | 905 | 112.9 | 905 | 112.9 | ||
Eliminations | (147) | (133) | (13) | - | (13) | - | ||
Foods-Manufacturing and Sales | 112,248 | 116,461 | (4,212) | 96.4 | (4,212) | 96.4 | ||
Others | 16,572 | 16,179 | 393 | 102.4 | 393 | 102.4 | ||
Eliminations | (9,313) | (9,364) | 51 | - | 51 | - | ||
Total | 119,508 | 123,275 | (3,767) | 96.9 | (3,767) | 96.9 | ||
Overseas | Soy Sauce | 90,026 | 71,824 | 18,202 | 125.3 | 4,602 | 106.4 | |
Del Monte | 6,025 | 4,514 | 1,510 | 133.5 | 574 | 112.7 | ||
Other Foods | 11,170 | 9,439 | 1,730 | 118.3 | (317) | 96.6 | ||
Foods-Manufacturing and Sales | 107,222 | 85,778 | 21,443 | 125.0 | 4,858 | 105.7 | ||
Foods-Wholesale | 257,107 | 190,741 | 66,366 | 134.8 | 26,178 | 113.7 | ||
Eliminations | (13,856) | (11,596) | (2,259) | - | (245) | - | ||
Total | 350,473 | 264,923 | 85,549 | 132.3 | 30,792 | 111.6 | ||
Kikkoman (Holding Company) | 14,313 | 13,289 | 1,023 | 107.7 | 1,023 | 107.7 | ||
Eliminations | (17,931) | (16,628) | (1,303) | - | (1,303) | - | ||
Consolidated Total | 466,363 | 384,860 | 81,502 | 121.2 | 26,744 | 106.9 | ||
Business profit | ||||||||
2022.12 | 2021.12 | Change | Change | |||||
excluding | ||||||||
increase | % | % | ||||||
Actual | Actual | translation | ||||||
(decrease) | ||||||||
difference | ||||||||
Japan | Foods-Manufacturing and Sales | 8,101 | 11,178 | (3,077) | 72.5 | (3,077) | 72.5 | |
Others | 1,531 | 1,449 | 81 | 105.6 | 81 | 105.6 | ||
Total | 9,657 | 12,655 | (2,998) | 76.3 | (2,998) | 76.3 | ||
Overseas | Foods-Manufacturing and Sales | 21,596 | 18,296 | 3,299 | 118.0 | (14) | 99.9 | |
Foods-Wholesale | 17,846 | 13,868 | 3,977 | 128.7 | 1,276 | 109.2 | ||
Total | 39,272 | 32,153 | 7,118 | 122.1 | 1,132 | 103.5 | ||
Kikkoman (Holding Company) | 4,255 | 3,975 | 280 | 107.0 | 280 | 107.0 | ||
Eliminations | (4,963) | (4,518) | (444) | - | (886) | - | ||
Consolidated Total | 48,221 | 44,266 | 3,955 | 108.9 | (2,472) | 94.4 | ||
Operating profit | 46,322 | 43,184 | 3,138 | 107.3 | (2,778) | 93.6 | ||
Profit before income taxes | 50,640 | 46,511 | 4,128 | 108.9 | (2,038) | 95.6 | ||
Profit for the period attributable to owners of the | 36,375 | 33,354 | 3,020 | 109.1 | (1,521) | 95.4 | ||
parent | ||||||||
- Sup. 3 -
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Kikkoman Corporation published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 08:27:08 UTC.