November 05, 2021

Summary of Consolidated Financial Results(Japanese Accounting Standards)
for the Six Months Ended September 30, 2021 (Q2 FY 2021)
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 12, 2021
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, 2021 (April 1, 2021–September 30, 2021)(1) Consolidated Results of Operations (Accumulated Total)(% figures show year-on-year change)
Profit attributable toowners of parent
Million Yen% Million Yen% Million Yen% Million Yen%
417,762
14,480
16,54011,810――――414,623
12,625 34.7
13,544 31.510,946 58.0
-4.1
12,271 million Yen (－%)
Six months ended September 30, 2021
10,895 million Yen (92.7%)
Six months ended September 30, 2020
Fully diluted net
Net income per shareincomeYenYen
40.33
40.31
37.15
37.13
Net sales

Six months ended
September 30, 2021
September 30, 2020
(Note) Comprehensive income:Six months ended
September 30, 2021
September 30, 2020

Operating income

Ordinary income(Note) The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29 ), etc. has been applied
since the beginning of the six months of the consolidated fiscal year under review. As a result, the accounting treatment of revenue
differs from that of the six months of the previous fiscal year. Therefore, Consolidated Financial Results is provided without
stating the amount of the year-on-year comparison (%) .

(2) Consolidated financial position

As of September 30, 2021
As of March 31, 2021
(Reference) Shareholders’ equity:

Total assets
Net assets
Million Yen
Million Yen
405,147
253,682
394,086
247,648
As of September 30, 2021
As of March 31, 2020

Equity ratio%62.462.7
252,990 million Yen
246,931 million Yen(Note) The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29 ), etc. has been applied
since the beginning of the six months of the consolidated fiscal year under review. As a result, the accounting treatment of revenue
differs from that of the six months of the previous fiscal year.

2. Dividends
FirstSecond
For the fiscal year ended
Yen
Yen
March 31, 2021
－0.00
March 31, 2022
－0.00
For the fiscal year ending
March 31, 2022
(Forecast)(Note) Changes to most recent dividend forecast: NoneThirdFiscal

TotalYen－Yen
21.00

Yen
21.00

－

22.00

22.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
(April 1, 2021 to March 31, 2022)
Net Sales

Operating income

Million Yen% Million Yen
820,000
24,000
Full year－(Note) Changes to most recent financial results forecast: None%－(% figures show year-on-year change)
Profit attributable toOrdinary income
Net income per shareowners of parent
Million Yen% Million Yen%Yen
26,00016,500－－56.35(Note) The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29 ), etc. has been applied
since the beginning of the six months of the consolidated fiscal year under review. As a result, the accounting treatment of revenue
differs from that of the six months of the previous fiscal year. Therefore, the Forecast of Consolidated Financial Results is provided without
stating the amount of the year-on-year comparison (%) .

1

ItohamYonekyu Holdings Inc. (2296)

Consolidated Financial Statements(1) Consolidated Balance Sheets(Million Yen)
As of March 31, 2021ASSETS
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, net
Tools, furniture & fixtures, net
Land
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 Assets

2

As of September 30, 2021

50,95286,591
63,313
1,745
17,1746,617(10)
226,384

29,35289,50680,123
1,862
24,283
11,848(10)
236,967

36,433
28,9191,468
25,7452,758
2,269
97,59536,65529,4691,492
25,921
2,610
1,416
97,566

19,5732,150
21,724

18,8683,020
21,88829,331
12,162
6,993(105)
48,382
167,702394,086

29,255
12,7986,771(100)
48,724
168,179
405,147

ItohamYonekyu Holdings Inc. (2296)(Million Yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations
Short-term loans payable
Current portion of Long-term loans payable
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 shares
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, 2021

56,615
1,660
25,704
155
4,149
6,397
147
467
27,743123,041

65,581
1,789
26,688152
2,486
4,17171329
26,258
127,529

10,717
1,725
1,475
9,477
23,396
146,438

10,642
1,738
1,491
10,06323,935
151,464

30,00396,624
116,989(3,624)
239,992

30,00396,615
122,496(3,500)245,614

7,298
(329)
(3,073)
3,042
6,939
131
585
247,648
394,086

6,991
(402)
(2,035)
2,823
7,376
118
573
253,682
405,147

(2) Consolidated statements of income and comprehensive income

ItohamYonekyu Holdings Inc. (2296)(Consolidated statements of income)(April 1,2021 – September 30, 2021)

Net salesCost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rent income
Subsidy 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 sale of non-current assets
Gain on sale of investment securities
Insurance income
Gain on donation of non-current assets
Other
Total extra-ordinary income
Extraordinary loss
Loss on retirement of non-current assets
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, 2020
414,623
346,332
68,29055,664
12,625(Million Yen)
Six months ended
September 30, 2021
417,762
350,583
67,17852,69814,480

31
137
209
116
449
373
1,317

17148
210
540
888
551
2,357

229
63
106
398
13,544

168
63
64
296
16,54012
52,597‐‐2,615

455134232
24451

139
10
149
16,010
3,845
1,147
4,992
11,01770
10,94691
11
103
16,888
3,867
1,188
5,055
11,83323
11,810ItohamYonekyu Holdings Inc. (2296)(Consolidated statements of comprehensive income)(April 1,2021 – September 30, 2021)

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

5

Six months ended
September 30, 2020
11,017(Million Yen)
Six months ended
September 30, 2021
11,833865(283)(613)
94(314)(73)
1,001(229)

(185)

55

(121)
10,895438
12,271

10,84055

12,24724

ItohamYonekyu Holdings Inc. (2296)(3) Consolidated statements of Cash Flows(April 1,2021 – September 30, 2021)

Six months ended
September 30, 2020
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
Subsidy income
Gain on donation of non-current assets
Equity in earnings of affiliates
Loss (gain) on sale 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
Proceeds from insurance income
Proceeds from subsidy 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 Sale of Investments in Securities
Payments of loans receivable
Proceeds from loans receivable
OtherNet 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, 2021

16,0105,291(1,571)
756
(169)
229
(2,698)
(116)
(449)
0
2,971
(430)
(3,056)(1,111)
(43)
(392)
(725)
14,492
408
2,711
192
(229)
(73)
(3,285)
14,217

16,8885,428(2,226)
717
(166)
168
(322)
(540)
(232)
(888)
(55)
(2,393)(23,388)
8,825
(520)
(13)
(944)
(2,518)(2,181)
818
265
324
(168)
(60)
(8,703)(9,705)(4,742)
(542)
(32)
53
(119)
96
(934)
(6,220)(4,530)
(922)
(33)
65
(118)
101
4(5,433)(4,613)(91)(5,005)(744)(10,454)(255)(2,712)
41,77139,058(77)(78)(6,140)(482)(6,778)317(21,599)
50,651
29,051