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 Three Months Ended June 30, 2021
(Based on Japanese GAAP)
July 30, 2021
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:

August 10, 2021

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 three months ended June 30, 2021 (from April 1, 2021 to June 30, 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%Three months ended June 30, 2021
22,536
6.6(888)
–
1,993
–
1,067
–
Three months ended June 30, 2020
21,150 (17.2)(2,604)–(2,549)–(1,829)–Earnings per share

Diluted earnings per share

Yen
56.04
(96.02)Three months ended June 30, 2021
Three months ended June 30, 2020

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2021
As of March 31, 2021

Net assets

Millions of yen
73,701
74,545Equity ratio

Millions of yen
40,78840,121

Net assets per share
%
55.3
53.8

Yen
2,140.45
2,105.44

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2021

Yen–

Yen
12.00

Yen–

Yen
12.00

Yen
24.00

Year ending March 31, 2022

–
12.00

–

12.00

24.00

Year ending March 31, 2022 (Forecast)

1Total3. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 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 June 30, 2021

19,063,968 shares As of March 31, 2021

19,063,968 shares

Number of treasury shares at the end of the period
As of June 30, 2021

7,956 shares As of March 31, 2021

7,864 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2021

19,056,087 shares Three months ended June 30, 2020

219,056,279 shares

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

As of June 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

13,691,494
2,123,130

13,816,782––

1,835,390

Merchandise and finished goods
Raw materials and supplies

754,520
3,908,718

897,700
5,083,012

Other

3,124,856

1,419,554

Notes and accounts receivable - trade, and contract assets

Allowance for doubtful accounts–(10,922)

23,602,720

23,041,516

Buildings and structures, net
Machinery, equipment and vehicles, net

18,743,998
2,772,304

18,720,784
2,715,740

Tools, furniture and fixtures, net

2,208,390

2,179,433

Total current assets
Non-current assets
Property, plant and equipment

Leased assets, net

627,289

860,973Land
Construction in progress

9,341,954
337,8099,344,454
491,496

Total property, plant and equipment

34,031,747

34,312,883

SoftwareOther391,783
52,586

382,476
47,507

Total intangible assets

444,370429,983

Investment securities
Leasehold and guarantee deposits
Long-term prepaid expenses

72,137
11,875,177
369,573

72,044
11,643,109
370,018

Deposits for stores in preparation
Deferred tax assets
Investment property, net
Other
Allowance for doubtful accounts

112,0213,044,128
188,327
814,926(9,506)

156,4122,682,742
186,815815,753(9,397)

Total investments and other assets

16,466,786

15,917,500

50,942,904

50,660,367

74,545,624

73,701,883

Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Thousands of yen)
As of March 31, 2021

As of June 30, 2021

Liabilities
Current liabilities
Accounts payable - trade

2,441,5201,959,107

Short-term borrowings

4,182,908

4,100,000

Current portion of long-term borrowings
Accounts payable - other

3,364,364
4,015,710

3,314,173
3,431,650

238,607

241,502

Income taxes payable
Provision for bonuses

431,632
1,222,235

456,116
767,658

Other

1,091,162

1,713,859

Total current liabilities

16,988,140

15,984,068

Non-current liabilities
Long-term borrowings

14,161,140

13,369,139

567,800

567,800

Lease obligations

Provision for retirement benefits for directors (and otherofficers)
Lease obligations
Asset retirement obligations
Deferred tax liabilities

442,961

697,510

2,109,238

2,127,050

6,115

6,115

148,713

161,791

17,435,970

16,929,407

34,424,111

32,913,476

Shareholders' equity
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)

27,261,275(17,341)

Total shareholders' equity

40,187,100

40,863,095

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

931(66,518)867(75,555)

Total accumulated other comprehensive income(65,586)(74,687)

40,121,513

40,788,407

74,545,624

73,701,883

Other
Total non-current liabilities
Total liabilities
Net assets

Accumulated other comprehensive income

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)Three months ended

Three months ended

June 30, 2020

June 30, 2021

Net sales
Cost of sales

21,150,770
7,421,541

22,536,491
7,681,783

Gross profit

13,729,228

14,854,707

Selling, general and administrative expenses

16,333,241

15,743,122

Operating profit (loss)(2,604,013)(888,414)

Interest income

4,697

4,217

Dividend income
Rental income

1,575
50,2101,563
50,261Non-operating income

Subsidy incomes–

2,822,810

Other88,023

93,155

Total non-operating income

144,5072,972,007Interest expenses

16,985

21,175

Rental expenses
Other

50,74622,23048,726
20,398Non-operating expenses

Total non-operating expenses

89,96390,301(2,549,468)

1,993,292

17–1,009
1,511

Compensation income
Gain on forgiveness of debts
Other

10,000–
––
4,832
106

Total extraordinary income

10,017

7,459

555
5,393
331
15,055–

3,842
30,893
349
1,347
550

Total extraordinary losses

21,33536,983

Profit (loss) before income taxes(2,560,786)

1,963,768

191,562(922,570)

448,368
447,565

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

Extraordinary losses
Loss on retirement of non-current assets
Loss on store closingsLoss on sale of non-current assets
Impairment losses
OtherIncome taxes - current
Income taxes - deferred
Total income taxes(731,008)

895,934

Profit (loss)(1,829,778)

1,067,834

Profit (loss) attributable to owners of parent(1,829,778)

1,067,834

5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Three months ended
June 30, 2020
Profit (loss)

Three months ended
June 30, 2021

(1,829,778)

1,067,834

119
(509)

(64)
(9,036)

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(389)(9,100)(1,830,168)

1,058,733(1,830,168)

1,058,733––

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6