August 03, 2022

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2022 (Q1 FY 2022)(Japanese Accounting Standards)
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
Masaru Kato, General Manager, Public &Investor Relations OfficeTel. +81-3-5723-6889
August 10, 2022
Scheduled date for filing of securities report:
Scheduled date of commencement of dividend payment: Supplementary documents for financial results:
Yes
Quarterly results briefing:No(Amounts of less than one million yen are truncated)

1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 1, 2022–June 30, 2022)(1) Consolidated Results of Operations (Accumulated Total)(% figures show year-on-year change)
Profit (loss)
attributable to owners
Million Yen% Million Yen% Million Yen% Million Yen%
212,325
7,114
7,698
5,129 -13.2
4.8
-5.8
-8.6
202,607
7,554
8,425
5,908
――――
8,265 million Yen (26.0%)
Three months ended June 30, 2023
6,560 million Yen (－%)
Three months ended June 30, 2022
Profit (loss)
Diluted net income
per shareper share
YenYen
17.60
17.59
20.18
20.17
Net sales

Three months ended
June 30, 2022
June 30, 2021
(Note) Comprehensive income:Three months ended
June 30, 2022
June 30, 2021

Operating profit

Ordinary profit(Note) As the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. has been applied from the beginning of the first quarter of the fiscal
year ending March 31, 2022, therefore the percentage change from the same period of the previous year is not stated.

(2) Consolidated financial position

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

Total assets
Net assets
Million Yen
Million Yen
433,421262,941
413,123
262,740
As of March 31, 2023
As of March 31, 2022

Equity ratio
%
60.5
63.4
262,300 million Yen
262,023 million Yen

2. DividendsFirstquarter-end

Yen
0.00

Dividend per share
Third
quarter-end
Yen－

0.00

－

Secondquarter-end

For the fiscal year ended
Yen
March 31, 2022－
March 31, 2023－For the fiscal year ending
March 31, 2023
(Forecast)(Note) Changes to most recent dividend forecast: None

Fiscalquarter-end

TotalYen
23.00

Yen
23.00

24.00

24.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023
(April 1, 2022 to March 31, 2023)
Net Sales
Second quarter-end(Cumulative)
Full year

Operating profit

Million Yen
430,000%
2.9

865,000

1.2

Million Yen
13,500%-6.8

21,000 -14.7(Note) Changes to most recent financial results forecast: Yes-1-(% figures show year-on-year change)
Profit (loss)
Ordinary income
Profit (loss) per share
attributable to owners
Million Yen% Million Yen%Yen
15,00010,000 -15.3
-9.3
34.48
24,000 -16.1

15,000-21.5

51.72

* Notes(1) Changes in significant subsidiaries during the term (changes in specific subsidiaries accompanied by a change in thescope of consolidation):
None

(2)

Application of special accounting treatment in the preparation of the quarterly consolidated financial statements: None

(2)

Chaneges in accounting policies,chaneges of accounting estimates and restatement(i)
Changes in accounting policies due to amendments to accounting standards:(ii) Other Chaneges in accounting policies:(iii) Chaneges in accounting esteimates:(iv) Restatement:

None
None
None
None

(3) Numbers of shares outstanding (common stock)(i)
Numbers of issued shares at end of period:
Three Months Ended June 30, 2022:
292,335,059 sharesYear ended March 31, 2022:
297,335,059 shares(ii) Numbers of treasury shares at end of period:
Three Months Ended June 30, 2022:
2,315,162 sharesYear ended March 31, 2022:
5,458,762 shares(iii) Average number of shares outstanding during period (quarterly cumulative period):
Three Months Ended June 30, 2022:
291,513,184 shares
Three Months Ended June 30, 2021:
292,738,808 shares* This Summary of Consolidated Financial Results is outside the scope of the external audit.
* Explanation for using the forecasted informaiton and the other special notes(Notes concerning forward-looking statements, etc.)
This summary financial report contains forward-looking statements and forecasts are made based on information available to the company
at the time of preparation and certain assumption deemed to reasonable and actual result may significantly due tovarious factors.
For assumptions used for earnings forecasts and notes on the use of earnings forecasts, please refer to “(3) Information on the consolidated
earnings forecasts and other future forecasts” under “1. Qualitative Information on Financial Results ” on page “3”.
(Access to Supplementary Explanations)
Explanatory materials for quarterly financial results will be published on TDnet for viewing in Japan and on our website.

-2-

ItohamYonekyu Holdings Inc. (2296)

Information on the consolidated earnings forecasts and other future forecasts
In regard with the accumulated 2nd Quarter forecast, we have revised up our previous financial result announced on
May 9th 2022, because over meat business excessed the previous forecast and kept its position.
Then, we keep the original full year financial forecast, because it would be take uncertain impact of further high raw
material cost and utility cost also.
Revisions to the forecast for the six months ending September 30, 2022 (April 1, 2022-September 30, 2022)
OperatingSales

Net Income
Ordinary IncomeperNet Income

IncomeShare(Million Yen)

(Million Yen)

(Million Yen)

(Million Yen)

(Yen)

Previous forecasts (A)422,000

11,50013,000

8,500

29.31

Curent forecasts (B)430,000

13,50015,00010,00034.48

Change (B-A)

8,000

2,000

2,000

1,500

Change (%)

1.9

17.4

15.4

17.6

417,762

14,480

16,54011,810Previous Year
(September 30, 2021)

40.33

Forecast for the year ending March 31, 2023 (April 1, 2022-March 31, 2023)(No change from figures announced on May 9, 2022)
OperatingSales

Net Income
Ordinary IncomeperNet Income

IncomeShare(Million Yen)

(Million Yen)

(Million Yen)

(Million Yen)(Yen)

Forecast

865,000

21,00024,00015,00051.72

Previous Year
(March 31, 2022)

854,374

24,611

28,596

19,11865.34

Note : The above forecasts are based on currently available information and certain assumptions judged to be reasonable,
and actual performance may differ from forecast figures due to various factors in the future.

-3-

Consolidated Financial Statements and Key Notes

ItohamYonekyu Holdings Inc. (2296)(1) Consolidated balance sheets(Million Yen)
As of March 31, 2021
ASSETS
Current assets
Cash and deposits
Notes and accounts receivable-tradeMerchandise 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
Retirement benefit asset
Other
Allowance for doubtful accounts
Investments and other assets
Total non-current assets
Total Assets-4-

As of June 30, 2022

47,99189,00874,814
1,713
19,037
10,848(7)
243,405

35,312
90,837
91,217
1,878
23,991
18,264(7)
261,495

36,252
28,2741,530
26,0172,487
2,437
97,00036,882
28,1191,522
26,451
2,893
3,534
99,404

18,158
3,955
22,114

17,811
4,646
22,45729,59814,7226,374(93)
50,602
169,717413,123

28,90915,0466,201(92)
50,064
171,926
433,421

ItohamYonekyu Holdings Inc. (2296)(Million Yen)
As of March 31, 2021
Liabilities
Current liabilitiesNotes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of Long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on disaster
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholder's equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of June 30, 2022

62,351
1,747
24,407
144
2,891
6,617
151
329
27,894
126,533

70,615
1,589
26,960
138
1,444
1,835
38
329
42,086145,037

10,572
1,706
1,490
10,08023,849150,383

10,5401,701
1,492
11,70825,442
170,480

30,00396,615
129,805(4,150)252,273

30,00392,933
128,221(1,705)
249,453

6,727
151
(684)
3,556
9,750
118
598
262,740
413,123

5,973
709
2,689
3,474
12,846110
530
262,941
433,421

Consolidated statements of income and comprehensive income

ItohamYonekyu Holdings Inc. (2296)

Consolidated statements of income(Million Yen)
Three Months Ended
Three Months Ended
June 30, 2021
June 30, 2022
(Apr 1, 2021 - Jun 30, 2021） (Apr 1, 2022 - Jun 30, 2022）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating Income
Interest income
Dividend income
Rental income
Share of profit of entities accounted for using eqity method
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Share of loss in investments accounted for using theequity method
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
OthersTotal extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-6-

202,607
169,11433,49325,9397,554

212,325
179,615
32,71025,596
7,114

9
145
104
447
197
235
1,140

13
132
116
－
276
293
832

78
30

107
38

－

54

160
269
8,425

48
248
7,698

355
24
83

30－
3

40
0
40
8,467
679
1,868
2,548
5,919
105,908

58－58
7,643
1,224
1,278
2,503
5,140
115,129

ItohamYonekyu Holdings Inc. (2296)
Consolidated statements of comprehensive income(Million Yen)
Three Months Ended
Three Months Ended
June 30, 2021
June 30, 2022
(Apr 1, 2021 - Jun 30, 2021） (Apr 1, 2022 - Jun 30, 2022）

ProfitOther comprehensive income
Valuation difference on available-for- sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other copmprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

-7-

5,919

5,140

(197)
(108)
1,092
(114)

(772)
557
2,281
(91)

(30)

1,149

641
6,560

3,124
8,265

6,537
23

8,226
39