Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2021
(Based on Japanese GAAP)
January 31, 2022
Company name:
MATSUYA FOODS HOLDINGS CO., LTD.
Stock exchange listing: Tokyo
Stock code:

9887

Representative:
Inquiries:

President and Representative Director
Senior Managing Director

URL

https://www.matsuyafoods-holdings.co.jp
Kazutoshi Kawarabuki
Kiichiro Tanzawa

Scheduled date to file Quarterly Securities Report:

February 9, 2022

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

0422-38-1121(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2021
70,345(1.1)(2,501)
–
5,154
–
2,593
–
Nine months ended December 31, 2020
71,130 (10.6)(903)–(763)–(1,866)–
Earnings per share

Diluted earnings per share

Yen
136.12(97.97)

Nine months ended December 31, 2021
Nine months ended December 31, 2020

Yen––(2) Consolidated financial position
Total assets

Net assetsMillions of yen
75,57574,545

As of December 31, 2021
As of March 31, 2021

Equity ratio

Millions of yen
42,08540,121

Net assets per share
%
55.7
53.8

Yen
2,208.53
2,105.44

2. Cash dividends
Annual dividends per share

Year ended March 31, 2021
Year ending March 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
12.00
12.00

Yen––

Yen
12.00

Yen
24.00

12.00

24.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Net sales

Full year

Millions of yen
96,100Operating profit% Millions of yen
1.8(3,700)

Ordinary profit% Millions of yen–
4,200

1Profit% Millions of yen–
2,000

Earnings per share%–Yen
104.95

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021

19,063,968 shares As of March 31, 202119,063,968 shares

Number of treasury shares at the end of the period
As of December 31, 2021

8,140 shares As of March 31, 2021

7,864 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2021

19,055,949 shares Nine months ended December 31, 2020

2

19,056,258 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of March 31, 2021

As of December 31, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets

13,691,494
2,123,130

12,922,167––

2,706,917

Merchandise and finished goods
Raw materials and supplies

754,520
3,908,718

988,598
7,195,338

Other

3,124,856

1,100,317

Total current assets

23,602,720

24,913,338

Buildings and structures, net

18,743,998

19,243,291

Machinery, equipment and vehicles, net

2,772,304

2,853,642

Tools, furniture and fixtures, net
Leased assets, net

2,208,390
627,289

2,216,119952,395

Land
Construction in progress

9,341,954
337,8099,344,454
188,526

Total property, plant and equipment

34,031,747

34,798,429

SoftwareOther391,783
52,586364,741
93,405

Total intangible assets

444,370

458,147

Investment securities
Leasehold and guarantee deposits
Long-term prepaid expenses

72,137
11,875,177
369,573

89,69911,437,512
342,659

Deposits for stores in preparation
Deferred tax assets

112,0213,044,128

194,979
2,339,160

Investment property, net
Other
Allowance for doubtful accounts

188,327
814,926(9,506)

184,627
826,640(9,295)

Total investments and other assets

16,466,786

15,405,984

50,942,904

50,662,561

74,545,624

75,575,900

Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Thousands of yen)
As of March 31, 2021

As of December 31, 2021

Liabilities
Current liabilities
Accounts payable - trade

2,441,520

2,514,238

Short-term borrowings
Current portion of long-term borrowings

4,182,908
3,364,364

4,100,000
3,213,791

Accounts payable - other

4,015,710

4,804,658Lease obligations
Income taxes payable

238,607431,632

249,349
1,283,639

Provision for bonuses

1,222,235

674,964

Other

1,091,162

1,234,068

Total current liabilities

16,988,140

18,074,709

14,161,140

11,718,830

567,800

567,800

442,961

789,072

2,109,238
6,115

2,186,465
3,836

148,713

149,829

17,435,970

15,415,834

34,424,111

33,490,543

Share capital
Capital surplus

6,655,932
6,963,229

6,655,932
6,963,229

Retained earnings
Treasury shares

26,584,954(17,015)

28,558,589(17,998)

Total shareholders' equity

40,187,100

42,159,752

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

931(66,518)

1,032(75,429)

Total accumulated other comprehensive income(65,586)(74,396)

40,121,513

42,085,356

74,545,624

75,575,900

Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (and otherofficers)
Lease obligations
Asset retirement obligations
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months ended

December 31, 2020

December 31, 2021

Net sales
Cost of sales

71,130,855
24,024,170

70,345,801
24,496,298

Gross profit

47,106,684

45,849,502

Selling, general and administrative expenses

48,010,632

48,350,744(903,947)(2,501,242)

13,943

12,250Operating lossNon-operating income
Interest income
Dividend income

1,575

1,569

Rental income
Subsidy incomes

145,658–

146,135
7,386,083

Other

246,376

336,719

Total non-operating income

407,552

7,882,758

64,243
147,639
55,10160,189144,191
22,202Non-operating expenses
Interest expenses
Rental expenses
Other
Total non-operating expenses

266,984

226,583(763,380)

5,154,932

1,811

1,210

Compensation income
Compensation for expropriation
Gain on receipt of donated non-current assets

30,90970,475–––
6,759

Gain on forgiveness of debts
Other–13,953

63,115556

Total extraordinary income

117,149

71,642

9,447
41,712458
1,653,907
150

32,22537,3591,323
314,785
4,750

Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets

Extraordinary losses
Loss on retirement of non-current assets
Loss on store closings
Loss on sale of non-current assets
Impairment losses
Other
Total extraordinary losses

1,705,675

390,444

Profit (loss) before income taxes(2,351,906)

4,836,130

Income taxes - current
Income taxes - deferred

613,497(1,098,472)

1,453,515
788,795

Total income taxes(484,974)

2,242,311

Profit (loss)(1,866,932)

2,593,818

Profit (loss) attributable to owners of parent(1,866,932)

2,593,818

5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)
Nine months ended
December 31, 2020
Profit (loss)

Nine months ended
December 31, 2021

(1,866,932)

2,593,818

Valuation difference on available-for-sale securities
Foreign currency translation adjustment(144)467100(8,910)Total other comprehensive income322(8,810)Comprehensive income(1,866,609)

2,585,008

Comprehensive income attributable toComprehensive income attributable to owners of parent(1,866,609)

2,585,008––

Other comprehensive income

Comprehensive income attributable to non-controllinginterests

6