November 02, 2018

Consolidated Financial Results (Japanese Accounting Standards)
for the Six Months Ended September 30, 2018 (Q2 FY 2018)
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
Contact:

Itoham Yonekyu Holdings Inc.
Tokyo Stock Exchange2296

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

Scheduled date for filing of securities report:
Supplementary documents for quarterly results:
Quarterly results briefing:

Isao Miyashita, President and Representative Director
Akira Kotake, Manager, Investor Relations Section
Tel. +81-3-5723-6889
November 13, 2018
Yes
Yes(for analysts and institutional investors)(Amounts of less than one million yen are truncated)

1. Consolidated Financial Results for the Six Months Ended June 30, 2018 (April 1, 2018–September 30, 2018)(1) Consolidated Results of Operations (Accumulated Total)

Six months ended
September 30, 2018
September 30, 2017
(Note) Comprehensive income:Six months ended
September 30, 2018
September 30, 2017(% figures show year-on-year change)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent△△△Million Yen% Million Yen% Million Yen% Million Yen%
△426,425
7,949 30.5
8,605 31.4
6,058 28.0
2.3
416,637
11,434
12,552
8,418 11.6
4.5
8.8
5.0
7,169 million(-4.0%)
Six months ended September 30, 2018
Six months ended September 30, 2017
7,468 million(114.8%)
Fully diluted net income
Net income per shareper share
Yen
Yen
20.49
20.48
28.33
28.31

(2) Consolidated financial position

As of September 30, 2018
As of March 31, 2018
(Reference) Shareholders’ equity:

Total assets
Net assets
Million Yen
Million Yen
394,954
222,262376,204
219,861
As of September 30, 2018
220,996 million
As of March 31, 2018
218,612 million

Equity ratio%
56.0
58.1

2. Dividends
Firstquarter-end
Yen
For the year fiscal year ended－March 31, 2018－
March 31, 2019
For the year fiscal year ending
March 31, 2019
(Forecast)(Note) Changes to most recent dividend forecast: None

Secondquarter-end

Thirdquarter-end
Yen
0.00
0.00

Fiscalquarter-end

Total

Yen－

Yen
17.00

Yen
17.00

－

17.00

17.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2019
(April 1, 2018 to March 31, 2019)
Net Sales

Operating income△Million Yen% Million Yen%
850,000
20,000
Full year
2.2
7.2(Note) Changes to most recent financial results forecast: None1(% figures show year-on-year change)
Profit attributable toOrdinary income
Net income per shareowners of parent△△
Million Yen% Million Yen%Yen
21,000 14.0
14,000 11.3
47.35

Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets

As of March 31, 2018ASSETS
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 Assets2(Million Yen)
As of September 30, 201829,585
94,056
66,042
1,739
18,491
3,557(8)
213,465

20,445
102,742
74,6191,787
22,7386,051(9)228,376

33,05325,041
1,328
25,901
1,539
2,870
89,73534,90728,125
1,485
25,465
1,594
3,467
95,04624,1091,706
25,81623,334
1,576
24,911

31,618
8,231
7,458
(122)
47,186
162,738
376,204

31,127
8,600
7,013
(121)
46,619166,577
394,954

As of March 31, 2018
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
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(Million Yen)
As of September 30, 2018

63,944
1,637
21,395
4,964
2,502
5,985
187
27,147
127,765

72,058
1,769
36,207
1,516
1,516
3,800
80
29,766
146,716

20,071
1,581
1,207
5,716
28,577
156,343

16,875
1,608
1,208
6,282
25,975
172,692

30,00396,28990,031(1,824)
214,499

30,00396,301
91,072(1,553)215,823

6,013
(789)
(2,387)
1,277
4,113
257
990
219,861
376,204

7,126(1,147)(2,061)
1,254
5,172
139
1,125
222,262
394,954

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

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
OtherTotal 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 investment securities
Premium income
Gain on step acquisitions
Other
Total extra-ordinary income
Extraordinary loss
Loss on retirement of non-current assets
Loss from valuation of securities
Loss on disaster
OthersTotal extra-ordinary expenses
Net income before taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Income (loss) attributable to non-controlling interests
Income attributable to owners of parent

4Six months endedSeptember 30, 2017
416,637
351,529
65,10853,674
11,434(Million Yen)
Six months ended
September 30, 2018
426,425
363,425
63,00055,050
7,949

46
140
197
907
392
1,685

48
128
212
207
634
1,231

473
65
28
567
12,552

496
67
10
574
8,605

294
71
366

518
213
288
2
1,023

87
36
38
162
12,756
3,192
1,066
4,258
8,497
79
8,418

141
13
269
2
427
9,201
2,522
572
3,095
6,105
47
6,058

(Consolidated statements of comprehensive income)(April 1 – September 30)

Net income
Other comprehensive incomeValuation 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 interest

5

Six months ended
September 30, 2017
8,497

(Million Yen)
Six months ended
September 30, 2018
6,105

215
132(251)(38)

1,198(358)(104)(22)(1,087)

350(1,028)
7,468

1,063
7,169

7,357
111

7,117
52

(3) Consolidated statements of Cash FlowsSix months ended
September 30, 2017
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
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
OtherSubtotal
Interest and dividend income received
Interest expenses paid
Income taxes paid
Other
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
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
Proceeds from long-term loans payable
Repayment of long-term loans payable
Payments for Redemption of Corporate Bonds
Purchase of Treasury Stock
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, 201812,756
4,258(1,323)
759
(187)
473
(907)
(294)
(21,443)(9,611)7,649
2,862
25(686)285(5,383)843(493)(5,355)75(10,312)

9,201
4,545
(2,184)
1,051
(177)
496
(207)
(518)
(9,339)(14,906)
8,660(1,237)(19)(369)(1,911)(6,918)2,411(496)(4,653)296(9,360)(5,131)(259)(1,560)
886
(174)
217
140
(5,880)(6,655)
(152)
(33)
686
(119)
158
78
(6,037)7,238
50(694)(10,000)(1,483)(5,048)(286)(10,224)(448)(26,866)
52,78525,91916,953450(6,873)0(5,015)
(499)
5,013
1,244
(9,140)29,284
20,143