November 06, 2020

Consolidated Financial Results (Japanese Accounting Standards)
for the Six Months Ended September 30, 2020 (Q2 FY 2020)
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
Contact:

Itoham Yonekyu Holdings Inc.
Tokyo Stock Exchange2296

https://www.itoham-yonekyu-holdings.com/

Isao Miyashita, President and Representative Director
Kenji Uchiyama, Manager, Investor Relations Section
Tel. +81-3-5723-6885
November 13, 2020
Scheduled date for filing of securities report:
Scheduled date of commencement of dividend payment: Supplementary documents for financial results:
Yes
Quarterly results briefing:
Yes(for analysts and institutional investors)(Amounts of less than one million yen are truncated)

1. Consolidated Financial Results for the Six Months Ended September 30, 2020 (April 1, 2020–September 30, 2020)(1) Consolidated Results of Operations (Accumulated Total)

Six months ended
September 30, 2020
September 30, 2019
(Note) Comprehensive income:Six months ended
September 30, 2020
September 30, 2019(% figures show year-on-year change)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parentMillion Yen% Million Yen% Million Yen% Million Yen%
414,623
12,625 34.7
13,544 31.5
10,946 58.0
-4.1
432,400
9,371 17.9
10,296 19.6
6,927 14.3
1.4
10,895 million Yen (92.7%)
Six months ended September 30, 2020
5,652 million Yen (-21.2%)
Six months ended September 30, 2019
Fully diluted net
Net income per shareincomeYenYen
37.15
37.13
23.45
23.43

(2) Consolidated financial position

As of September 30, 2020
As of March 31, 2020
(Reference) Shareholders’ equity:

Total assets
Net assets
Million Yen
Million Yen383,913
234,812389,426
229,178
As of September 30, 2020
As of March 31, 2019

Equity ratio%
61.0
58.5
234,109 million Yen
227,772 million Yen

2. Dividends
FirstSecond
For the fiscal year ended
Yen
Yen
March 31, 2020
－0.00
March 31, 2021
－0.00
For the fiscal year ending
March 31, 2021
(Forecast)(Note) Changes to most recent dividend forecast: None

Third

Fiscal

Total

Yen
－Yen
17.00

Yen
17.00

－17.0017.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2021
(April 1, 2020 to March 31, 2021)
Net Sales

Operating income

Million Yen% Million Yen
820,000
20,000
Full year-3.8(Note) Changes to most recent financial results forecast: No%
15.81(% figures show year-on-year change)
Profit attributable toOrdinary income
Net income per shareowners of parent
Million Yen% Million Yen%Yen
21,00016,000 39.9
7.554.29

Itoham Yonekyu Holdings Inc.

Consolidated Financial Statements(1) Consolidated Balance Sheets(Million Yen)
As of March 31, 2020
ASSETS
Current assets
Cash and deposits
Notes and account receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture & fixtures, netLand
Leased assets, net
Others, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit assets
Other
Allowance for doubtful receivables
Total investments and other assets
Total non-current assets
Total Assets2As of September 30, 2020

42,07287,90270,648
1,757
17,8376,293(14)226,498

39,36084,20767,092
1,789
20,9487,822(13)221,206

37,17530,305
1,508
25,8302,799
1,141
98,76036,29329,652
1,414
25,5412,859
1,009
96,77021,057
1,626
22,684

20,291
1,882
22,17425,822
9,378
6,408
(126)
41,482
162,927
389,426

27,001
9,904
6,978
(121)
43,762
162,707383,913

Itoham Yonekyu Holdings Inc.

(Million Yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations
Short-term loans payable
Current portion of Long-term loans
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for loss on disaster
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Asset retirement obligation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholder's equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholder's equity
Other accumulated comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plan
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of September 30, 2020

61,574
1,748
28,88010,179
1,707
5,280
120
544
28,069138,106

57,762
1,798
22,494
10,165
2,216
3,709
59
471
27,176
125,854

10,872
2,208
1,461
7,598
22,140160,247

10,794
2,149
1,475
8,826
23,246
149,10030,003
96,267
101,792(2,293)
225,770

30,00396,624
107,731(2,146)232,213

4,823
(355)
(3,767)
1,301
2,002
131
1,275
229,178
389,426

5,693
(638)
(4,568)
1,410
1,896
131
571
234,812383,913

Itoham Yonekyu Holdings Inc.

(2) Consolidated statements of income and comprehensive income(Consolidated statements of income)(April 1,2020 – September 30, 2020)

Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rent income
Equity in income of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rent on real estate
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Insurance income
Other
Total extra-ordinary income
Extraordinary loss
Loss on retirement of non-current assets
Loss on disaster
OthersTotal extra-ordinary expenses
Net income before taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Income attributable to non-controlling interests
Income attributable to owners of parent

4

Six months ended
September 30, 2019
432,400
366,51365,88656,515
9,371(Million Yen)
Six months ended
September 30, 2020
414,623
346,332
68,29055,664
12,625

62
141
217
409
652
1,483

31
137
209
449
489
1,317

435
75
46
558
10,296

229
63
106
398
13,544

4378
171
13
307

12
5
2,597
2,615

145
82
9
237
10,365
2,273
1,082
3,356
7,008
81
6,927

139
10
149
16,010
3,845
1,147
4,992
11,01770
10,946

Itoham Yonekyu Holdings Inc.
(Consolidated statements of comprehensive income)(April 1,2020 – September 30, 2020)

Net income
Other comprehensive income
Valuation difference on available-for- sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plan
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

5Six months ended
September 30, 2019
7,008

(Million Yen)
Six months ended
September 30, 2020
11,017(621)111(794)
289865(283)(613)
94(341)(185)(1,356)
5,652

(121)
10,8955,56290

10,84055

Itoham Yonekyu Holdings Inc.

(3) Consolidated statements of Cash Flows(April 1,2020 – September 30, 2020)
Six months ended
September 30, 2019
Cash flows from operating activities
Income before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Amortization of goodwill
Interest and dividend income
Interest expenses
Insurance income
Loss on disaster
Equity in earnings of affiliates
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in notes and accounts payable
Increase (decrease) in net defined benefit liability
Decrease (increase) in net defined benefit asset
Other
SubtotalInterest and dividend income received
Proceeds from insurance income
Interest expenses paid
Payments for loss on disaster
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchases of Investments in Securities
Proceeds from Sales of Investments in Securities
Proceeds from capital reduction with compensation
Payments of loans receivable
Proceeds from loans receivable
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans payable
Repayment of long-term loans payable
Cash dividends paid
OtherNet cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period6(Million Yen)
Six months ended
September 30, 2020

10,3655,324(1,045)
757
(203)
435
(451)
82
(409)
(77)
10,885(6,876)(529)(1,670)
(8)
(172)
97
16,503
299
363
(436)
(5,759)10,97016,0105,291(1,571)
756
(169)
229
(2,698)
(449)
0
2,971
(430)
(3,056)(1,111)
(43)
(392)
(649)
14,685
408
2,711
(229)
(73)
(3,285)
14,217(5,393)
(209)
(32)
207
2,969
(151)
177
248
(2,185)(4,742)(542)(32)
53(119)96(934)(6,220)(5,023)(111)(5,014)(399)(10,548)(350)(2,114)34,64332,528(4,613)(91)(5,005)(744)(10,454)(255)(2,712)
41,77139,058