Context:
Financial Statements:
| Column 1                                              | Column 2   | Column 3      | Column 4   | Column 5      | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   |
|:------------------------------------------------------|:-----------|:--------------|:-----------|:--------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | September 30, |            | September 30, |            | March 31,  |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 2020          |            | 2019          |            | 2020       |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | (Unaudited)   |            | (Unaudited)   |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| ASSETS                                                |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Current assets                                        |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Cash and cash equivalents                             |            | $             | 57,084     |               |            | $          | 53,173     |            |             | $           | 107,430     |             |             |             |             |             |             |             |             |             |
| Accounts receivable, net                              |            | 329,332       |            |               | 337,825    |            |            | 340,711    |             |             |             |             |             |             |             |             |             |             |             |             |
| Advances to suppliers, net                            |            | 65,643        |            |               | 75,828     |            |            | 133,778    |             |             |             |             |             |             |             |             |             |             |             |             |
| Accounts receivable—unconsolidated affiliates         |            | 47,807        |            |               | 82,812     |            |            | 11,483     |             |             |             |             |             |             |             |             |             |             |             |             |
| Inventories—at lower of cost or net realizable value: |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Tobacco                                               |            | 888,213       |            |               | 918,592    |            |            | 707,298    |             |             |             |             |             |             |             |             |             |             |             |             |
| Other                                                 |            | 116,299       |            |               | 97,536     |            |            | 99,275     |             |             |             |             |             |             |             |             |             |             |             |             |
| Prepaid income taxes                                  |            | 20,712        |            |               | 13,454     |            |            | 12,144     |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Other current assets                                  |            | 69,564        |            |               | 70,338     |            |            | 67,498     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total current assets                                  |            | 1,594,654     |            |               | 1,649,558  |            |            | 1,479,617  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Property, plant and equipment                         |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Land                                                  |            | 21,515        |            |               | 22,696     |            |            | 21,376     |             |             |             |             |             |             |             |             |             |             |             |             |
| Buildings                                             |            | 259,875       |            |               | 261,599    |            |            | 256,488    |             |             |             |             |             |             |             |             |             |             |             |             |
| Machinery and equipment                               |            | 657,435       |            |               | 609,320    |            |            | 634,395    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 938,825       |            |               | 893,615    |            |            | 912,259    |             |             |             |             |             |             |             |             |             |             |             |             |
| Less accumulated depreciation                         |            | (617,553)     |            |               | (598,184)  |            |            | (597,106)  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 321,272       |            |               | 295,431    |            |            | 315,153    |             |             |             |             |             |             |             |             |             |             |             |             |
| Other assets                                          |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Operating lease right-of-use assets                   |            | 35,665        |            |               | 34,838     |            |            | 39,256     |             |             |             |             |             |             |             |             |             |             |             |             |
| Goodwill and other intangibles, net                   |            | 143,219       |            |               | 97,998     |            |            | 144,687    |             |             |             |             |             |             |             |             |             |             |             |             |
| Investments in unconsolidated affiliates              |            | 82,628        |            |               | 79,072     |            |            | 77,543     |             |             |             |             |             |             |             |             |             |             |             |             |
| Deferred income taxes                                 |            | 22,615        |            |               | 16,250     |            |            | 20,954     |             |             |             |             |             |             |             |             |             |             |             |             |
| Other noncurrent assets                               |            | 42,239        |            |               | 45,085     |            |            | 43,711     |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 326,366       |            |               | 273,243    |            |            | 326,151    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Total assets                                          |            | $             | 2,242,292  |               |            | $          | 2,218,232  |            |             | $           | 2,120,921   |             |             |             |             |             |             |             |             |             |

---

| Column 1                                                                                                                                                                              | Column 2   | Column 3      | Column 4   | Column 5      | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:-----------|:--------------|:-----------|:--------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                                                                                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            | September 30, |            | September 30, |            | March 31,  |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            | 2020          |            | 2019          |            | 2020       |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            | (Unaudited)   |            | (Unaudited)   |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                  |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Current liabilities                                                                                                                                                                   |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Notes payable and overdrafts                                                                                                                                                          |            | $             | 235,413    |               |            | $          | 155,352    |            |             | $           | 78,033      |             |             |             |             |             |             |             |             |             |
| Accounts payable and accrued expenses                                                                                                                                                 |            | 133,034       |            |               | 158,731    |            |            | 140,202    |             |             |             |             |             |             |             |             |             |             |             |             |
| Accounts payable—unconsolidated affiliates                                                                                                                                            |            | 117           |            |               | 56         |            |            | 55         |             |             |             |             |             |             |             |             |             |             |             |             |
| Customer advances and deposits                                                                                                                                                        |            | 8,049         |            |               | 6,513      |            |            | 10,242     |             |             |             |             |             |             |             |             |             |             |             |             |
| Accrued compensation                                                                                                                                                                  |            | 19,499        |            |               | 22,046     |            |            | 23,710     |             |             |             |             |             |             |             |             |             |             |             |             |
| Income taxes payable                                                                                                                                                                  |            | 2,947         |            |               | 1,155      |            |            | 5,334      |             |             |             |             |             |             |             |             |             |             |             |             |
| Current portion of operating lease liabilities                                                                                                                                        |            | 9,105         |            |               | 8,591      |            |            | 9,823      |             |             |             |             |             |             |             |             |             |             |             |             |
| Current portion of long-term debt                                                                                                                                                     |            | —             |            |               | —          |            |            | —          |             |             |             |             |             |             |             |             |             |             |             |             |
| Total current liabilities                                                                                                                                                             |            | 408,164       |            |               | 352,444    |            |            | 267,399    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Long-term debt                                                                                                                                                                        |            | 368,894       |            |               | 368,633    |            |            | 368,764    |             |             |             |             |             |             |             |             |             |             |             |             |
| Pensions and other postretirement benefits                                                                                                                                            |            | 64,947        |            |               | 54,113     |            |            | 70,680     |             |             |             |             |             |             |             |             |             |             |             |             |
| Long-term operating lease liabilities                                                                                                                                                 |            | 22,813        |            |               | 23,331     |            |            | 25,893     |             |             |             |             |             |             |             |             |             |             |             |             |
| Other long-term liabilities                                                                                                                                                           |            | 72,657        |            |               | 56,146     |            |            | 69,427     |             |             |             |             |             |             |             |             |             |             |             |             |
| Deferred income taxes                                                                                                                                                                 |            | 25,941        |            |               | 24,982     |            |            | 29,474     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total liabilities                                                                                                                                                                     |            | 963,416       |            |               | 879,649    |            |            | 831,637    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Shareholders’ equity                                                                                                                                                                  |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Universal Corporation:                                                                                                                                                                |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Preferred stock:                                                                                                                                                                      |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Series A Junior Participating Preferred Stock, no par value,500,000shares authorized,noneissued or outstanding                                                                        |            | —             |            |               | —          |            |            | —          |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Common stock, no par value,100,000,000shares authorized24,514,867shares issued and outstanding at September 30, 2020 (24,841,863at September 30, 2019 and24,421,835at March 31, 2020) |            | 323,761       |            |               | 324,927    |            |            | 321,502    |             |             |             |             |             |             |             |             |             |             |             |             |
| Retained earnings                                                                                                                                                                     |            | 1,053,295     |            |               | 1,088,608  |            |            | 1,076,760  |             |             |             |             |             |             |             |             |             |             |             |             |
| Accumulated other comprehensive loss                                                                                                                                                  |            | (137,556)     |            |               | (114,876)  |            |            | (151,597)  |             |             |             |             |             |             |             |             |             |             |             |             |
| Total Universal Corporation shareholders' equity                                                                                                                                      |            | 1,239,500     |            |               | 1,298,659  |            |            | 1,246,665  |             |             |             |             |             |             |             |             |             |             |             |             |
| Noncontrolling interests in subsidiaries                                                                                                                                              |            | 39,376        |            |               | 39,924     |            |            | 42,619     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total shareholders' equity                                                                                                                                                            |            | 1,278,876     |            |               | 1,338,583  |            |            | 1,289,284  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                                                                                                                       |            |               |            |               |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Total liabilities and shareholders' equity                                                                                                                                            |            | $             | 2,242,292  |               |            | $          | 2,218,232  |            |             | $           | 2,120,921   |             |             |             |             |             |             |             |             |             |

---

| Column 1                                                                              | Column 2   | Column 3                       | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   |
|:--------------------------------------------------------------------------------------|:-----------|:-------------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            | Six Months Ended September 30, |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            | 2020                           |            | 2019       |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            | (Unaudited)                    |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                 |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net income                                                                            |            | $                              | 15,149     |            |            | $          | 30,642     |            |             |             |             |             |             |             |
| Adjustments to reconcile net income to net cash used by operating activities:         |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Depreciation and amortization                                                         |            | 20,381                         |            |            | 18,231     |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net provision for losses (recoveries) on advances and guaranteed loans to suppliers   |            | 348                            |            |            | (1,885)    |            |            |            |             |             |             |             |             |             |
| Foreign currency remeasurement (gain) loss, net                                       |            | (5,105)                        |            |            | 1,767      |            |            |            |             |             |             |             |             |             |
| Foreign currency exchange contracts                                                   |            | (8,169)                        |            |            | (773)      |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Restructuring payments                                                                |            | (2,937)                        |            |            | (298)      |            |            |            |             |             |             |             |             |             |
| Change in estimated fair value of contingent consideration for FruitSmart acquisition |            | (4,173)                        |            |            | —          |            |            |            |             |             |             |             |             |             |
| Other, net                                                                            |            | 3,049                          |            |            | 472        |            |            |            |             |             |             |             |             |             |
| Changes in operating assets and liabilities, net                                      |            | (168,502)                      |            |            | (327,975)  |            |            |            |             |             |             |             |             |             |
| Net cash provided (used) by operating activities                                      |            | (149,959)                      |            |            | (279,819)  |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                 |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Purchase of property, plant and equipment                                             |            | (22,751)                       |            |            | (13,308)   |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Proceeds from sale of property, plant and equipment                                   |            | 1,780                          |            |            | 1,254      |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net cash used by investing activities                                                 |            | (20,971)                       |            |            | (12,054)   |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                 |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Issuance of short-term debt, net                                                      |            | 162,646                        |            |            | 104,003    |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Dividends paid to noncontrolling interests                                            |            | (3,695)                        |            |            | (3,359)    |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Repurchase of common stock                                                            |            | —                              |            |            | (12,338)   |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Dividends paid on common stock                                                        |            | (37,424)                       |            |            | (37,721)   |            |            |            |             |             |             |             |             |             |
| Other                                                                                 |            | (1,949)                        |            |            | (2,883)    |            |            |            |             |             |             |             |             |             |
| Net cash provided (used) by financing activities                                      |            | 119,578                        |            |            | 47,702     |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Effect of exchange rate changes on cash                                               |            | 1,006                          |            |            | (212)      |            |            |            |             |             |             |             |             |             |
| Net decrease in cash and cash equivalents                                             |            | (50,346)                       |            |            | (244,383)  |            |            |            |             |             |             |             |             |             |
| Cash and cash equivalents at beginning of year                                        |            | 107,430                        |            |            | 297,556    |            |            |            |             |             |             |             |             |             |
|                                                                                       |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Cash and cash equivalents at end of period                                            |            | $                              | 57,084     |            |            | $          | 53,173     |            |             |             |             |             |             |             |

---

| Column 1                                                                          | Column 2   | Column 3                         | Column 4   | Column 5                       | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   | Column 22   | Column 23   | Column 24   | Column 25   | Column 26   | Column 27   |
|:----------------------------------------------------------------------------------|:-----------|:---------------------------------|:-----------|:-------------------------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            | Three Months Ended September 30, |            | Six Months Ended September 30, |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            | 2020                             |            | 2019                           |            | 2020       |            | 2019       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            | (Unaudited)                      |            | (Unaudited)                    |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Sales and other operating revenues                                                |            | $                                | 377,025    |                                |            | $          | 475,921    |            |             | $           | 692,836     |             |             | $           | 772,836     |             |             |             |             |             |             |             |             |             |             |             |
| Costs and expenses                                                                |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Cost of goods sold                                                                |            | 308,267                          |            |                                | 379,892    |            |            | 570,313    |             |             | 618,157     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Selling, general and administrative expenses                                      |            | 52,407                           |            |                                | 52,830     |            |            | 101,817    |             |             | 103,966     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Other income                                                                      |            | —                                |            |                                | —          |            |            | (4,173)    |             |             | —           |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Operating income                                                                  |            | 16,351                           |            |                                | 43,199     |            |            | 24,879     |             |             | 50,713      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Equity in pretax earnings (loss) of unconsolidated affiliates                     |            | 590                              |            |                                | 2,310      |            |            | 583        |             |             | 2,350       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Other non-operating income (expense)                                              |            | (20)                             |            |                                | 633        |            |            | (38)       |             |             | 1,260       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Interest income                                                                   |            | 101                              |            |                                | 240        |            |            | 260        |             |             | 1,248       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Interest expense                                                                  |            | 5,595                            |            |                                | 5,136      |            |            | 12,405     |             |             | 9,164       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Income before income taxes and other items                                        |            | 11,427                           |            |                                | 41,246     |            |            | 13,279     |             |             | 46,407      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Income taxes                                                                      |            | 3,178                            |            |                                | 11,499     |            |            | (1,870)    |             |             | 15,765      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Net income                                                                        |            | 8,249                            |            |                                | 29,747     |            |            | 15,149     |             |             | 30,642      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Less:  net loss (income) attributable to noncontrolling interests in subsidiaries |            | (747)                            |            |                                | (1,670)    |            |            | (373)      |             |             | (493)       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Net income attributable to Universal Corporation                                  |            | $                                | 7,502      |                                |            | $          | 28,077     |            |             | $           | 14,776      |             |             | $           | 30,149      |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Earnings per share:                                                               |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Basic                                                                             |            | $                                | 0.30       |                                |            | $          | 1.12       |            |             | $           | 0.60        |             |             | $           | 1.20        |             |             |             |             |             |             |             |             |             |             |             |
| Diluted                                                                           |            | $                                | 0.30       |                                |            | $          | 1.11       |            |             | $           | 0.60        |             |             | $           | 1.19        |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Weighted average common shares outstanding:                                       |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Basic                                                                             |            | 24,658,895                       |            |                                | 25,086,580 |            |            | 24,630,886 |             |             | 25,122,283  |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Diluted                                                                           |            | 24,770,421                       |            |                                | 25,197,325 |            |            | 24,737,134 |             |             | 25,240,600  |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Total comprehensive income, net of income taxes                                   |            | $                                | 22,060     |                                |            | $          | 14,908     |            |             | $           | 29,269      |             |             | $           | 11,456      |             |             |             |             |             |             |             |             |             |             |             |
| Less: comprehensive income attributable to noncontrolling interests               |            | (982)                            |            |                                | (1,546)    |            |            | (452)      |             |             | (492)       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Comprehensive income (loss) attributable to Universal Corporation                 |            | $                                | 21,078     |                                |            | $          | 13,362     |            |             | $           | 28,817      |             |             | $           | 10,964      |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                   |            |                                  |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Dividends declared per common share                                               |            | $                                | 0.77       |                                |            | $          | 0.76       |            |             | $           | 1.54        |             |             | $           | 1.52        |             |             |             |             |             |             |             |             |             |             |             |

---

English News:
Global Medical Image Management Market Report 2020 2027 Integration of PACS VNA with EMR Penetration of AI Adoption of Hybrid & Cloud Based Solutions DUBLIN Nov 11 2020 PRNewswire The Medical Image Management Market by Product PACS Departmental Radiology Mammography Cardiology Enterprise VNA On premise Hybrid Vendor PACS Independent Software Infrastructure AICA Universal Viewer and End User Global Forecast to 2027 report has been added to ResearchAndMarkets.coms offering. The medical image management market is expected to grow at a CAGR of 7.2 from 2020 to 2027 to reach 5.76 billion by 2027 The medical image management market study presents historical market data in terms of value 2018 and 2019 estimated current data 2020 and forecasts for 2027 by product end user and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level. The factors such as growing investments in the medical imaging market technological advancements in diagnostic imaging modalities rising geriatric imaging volumes growing demand for advanced imaging equipment rapidly growing big data in healthcare and growing healthcare IT and EHR adoption are majorly driving the growth of the overall medical image management market. Also integration of PACS VNA with EMR untapped emerging markets penetration of artificial intelligence in medical imaging rapidly growing field of telehealth and hybrid cloud based solutions represent high growth opportunities for the players operating in this market. However the factors such as longer product lifecycle of VNAs and budgetary constraints restrict the growth of this market. Based on product type Picture Archive Communication System PACS is estimated to command the largest share of the overall medical image management market in 2020. However the vendor neutral archive segment is expected to grow at the highest CAGR during the forecast period owing to its greater security control over images and lower latency than cloud storage. Based on end user the hospitals segment is estimated to account for the largest share of the overall medical image management market in 2020 due to the factors such as increasing hospital expenditures for advanced management products rising number of emergency admissions and growing need to improve overall value based care. An in depth analysis of the geographic scenario of the medical image management market provides detailed qualitative and quantitative insights about the five major geographies North America Europe Asia Pacific Latin America and the Middle East & Africa along with the coverage of major countries in each region. North America is estimated to command the largest share of the global medical image management market in 2020 followed by Europe Asia Pacific Latin America and the Middle East & Africa. However Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the Asia Pacific medical image management market are rising investment in the healthcare sector improving healthcare infrastructure increased adoption of medical imaging devices adoption of new technology into the healthcare industry and developments made for adoption of AI and telehealth services. Key Topics Covered 1.Introduction 2. Research Methodology 3. Executive Summary 4. Market Insights 4.1. Introduction 4.2. Drivers 4.2.1. Growing Investments in the Medical Imaging Market 4.2.2. Technological Advancements in Diagnostic Imaging Modalities 4.2.3. Rising Geriatric Population 4.2.4. Growing Demand for Imaging Equipment 4.2.5. Rapidly Growing Big Data in Healthcare 4.2.6. Growing Healthcare IT and EHR Adoption 4.3. Restraints 4.3.1. Longer Product Lifecycle of VNAs 4.3.2. Budgetary Constraints 4.4. Opportunities 4.4.1. Integration of PACS VNA with EMR 4.4.2. Untapped Emerging Markets 4.4.3. Penetration of AI in Medical Imaging 4.4.4. Adoption of Hybrid & Cloud Based Solutions 4.4.5. Rapidly Growing Telehealth Market 4.5. Challenges 4.5.1. Data Migration 4.5.2. Lack of Interoperability 4.6. Impact Assessment of Covid 19 5. Medical Image Management Market by Product 5.1. Introduction 5.2. Picture Archive Communication System PACS 5.2.1. PACS Market by Type 5.2.1.1. Departmental PACS 5.2.1.1.1. Radiology PACS 5.2.1.1.1.1. Traditional Mammography PACS 5.2.1.1.1.2. Vendor Neutral Mammography PACS 5.2.1.1.1.3. Other Radiology PACS 5.2.1.1.2. Cardiology PACS 5.2.1.1.3. Other Departmental PACS 5.2.1.2. Enterprise PACS 5.2.2. PACS Market by Delivery Model 5.2.2.1. On Premise PACS 5.2.2.2. Web Cloud Based PACS 5.3. Vendor Neutral Archive VNA 5.3.1. VNA Market by Delivery Model 5.3.1.1. On Premise VNA 5.3.1.2. Hybrid VNA 5.3.1.3. Web Cloud Based VNA 5.3.2. VNA Market by Procurement Model 5.3.2.1. Enterprise VNA 5.3.2.1.1. Multi Departmental VNA 5.3.2.1.2. Multi Site VNA 5.3.2.2. Departmental VNA 5.3.3. VNA Market by Vendor Type 5.3.3.1. Independent Software Vendors 5.3.3.2. PACS Vendors 5.3.3.3. Infrastructure Vendors 5.4. Application Independent Clinical Archives AICA 5.4.1. AICA Market by Vendor Type 5.4.1.1. VNA Vendors 5.4.1.2. Native AICA Vendors 5.5. Enterprise Viewer Universal Viewer 6. Medical Management Market by End User 6.1. Introduction 6.2. Hospitals 6.3. Diagnostic Imaging Centers 6.4. Other End Users 7. Medical Image Management Market by Geography 8. Competitive Landscape 8.1. Introduction 8.2. Key Growth Strategies 8.3. Competitive Benchmarking 8.3.1. Competitive Benchmarking by Product 8.4. Market Share Analysis 2019 8.4.1. Market Share Analysis Picture Archiving Communication Systems PACS Industry 8.4.1.1. GE Company 8.4.1.2. Koninklijke Philips N.V. 8.4.1.3. Fujifilm Holdings Corporation 8.4.2. Market Share Analysis Vendor Neutral Archive Industry 8.4.2.1. IBM Corporation 8.4.2.2. GE Company 8.4.2.3. Fujifilm Holdings Corporation 9. Company Profiles Business Overview Product Portfolio Financial Overview Strategic Developments 9.1. Novarad Corporation 9.2. Koninklijke Philips N.V. 9.3. INFINITT Healthcare Co Ltd 9.4. Siemens Healthineers AG 9.5. Hyland Software Inc 9.6. Agfa Gevaert Group 9.7. General Electric Company 9.8. Mach7 Technologies 9.9. BridgeHead Software Ltd 9.10. Fujifilm Holdings Corporation 9.11. IBM Corporation 9.12. Sectra AB 9.13. Change Healthcare Inc For more information about this report visit https www.researchandmarkets.com r e0st56 Research and Markets also offers Custom Research services providing focused comprehensive and tailored research. Media Contact Research and Markets Laura Wood Senior Manager emailprotected For E.S.T Office Hours Call 1 917 300 0470 For U.S. CAN Toll Free Call 1 800 526 8630 For GMT Office Hours Call 353 1 416 8900 U.S. Fax 646 607 1907 Fax outside U.S. 353 1 481 1716 SOURCE Research and Markets Related Links http www.researchandmarkets.com

Chinese News:
近日环球烟草公布财报，公告显示该公司2020财年第一财季归属于母公司普通股股东净利润为727.40万美元，同比增长251.06%；营业收入为3.16亿美元，同比上涨6.36%。Universal Corporation是一家领先的烟叶烟草供应商，在5大洲超过30个国家都有业务。

Japanese News:
米バージニア州リッチモンドに本社を置く世界的な葉タバコ供給企業ユニバーサル・コーポレーション（Universal Corporation）は、2020年9月30日に終了した2021会計年度第2四半期（7月～9月）の決算を発表した。同期の売上高は前年同期比20.8％減の3億7,702万5,000ドル、純利益は前年同期比73.3％減の750万2,000ドル（1株あたり利益0.30ドル）となり、大幅な減収減益となった。 営業利益も前年同期の4,319万9,000ドルから1,635万1,000ドルへと大きく減少。売上高および利益の減少は、主に販売量の減少と葉タバコの価格下落によるものである。一方、売上原価は前年同期比で約18.9％減の3億826万7,000ドル、販売管理費はほぼ横ばいの5,240万7,000ドルとなった。 地域別の内訳では、ブラジルを含む「その他地域」セグメントにおいて販売量が減少し、利益を圧迫した。また、COVID-19の影響により、一部地域で出荷および処理が遅延したこともマイナス要因として働いた。 一方、2021年度上半期（4月～9月）の累計では、売上高が前年同期比10.4％減の6億9,283万6,000ドル、純利益は51.0％減の1,477万6,000ドルとなった。COVID-19による処理遅延や物流障害の影響を受けたことが主因である。 同社は引き続き、世界各地でのCOVID-19の動向を注視しており、今後も慎重に対応していくとしている。

Spanish News:
Universal (UVV) comunicó a última hora del jueves unos ingresos netos ajustados en el segundo trimestre fiscal de 0,37 dólares por acción diluida, lo que supone un importante descenso respecto a los 1,14 dólares del año anterior. Los ingresos de los tres meses terminados el 30 de septiembre ascendieron a 377 millones de dólares, frente a los 475,9 millones del año pasado. Las estimaciones de los analistas no estaban disponibles. El consejo de administración de la empresa ha aprobado un programa de recompra de acciones por valor de 100 millones de dólares, y tiene unos 24,5 millones de acciones ordinarias en circulación. Las acciones de la tabaquera subieron un 1,7% en las primeras operaciones del viernes. Precio: 41,39, Cambio: +0,67, Cambio porcentual: +1.65

Greek News:
Η UVV παρουσίασε αυξημένα επίπεδα καθαρού χρέους στο τέλος του τρίτου τριμήνου του 2020, αντανακλώντας την επίδραση στρατηγικών επενδυτικών κινήσεων, όπως η εξαγορά της FruitSmart τον Ιανουάριο του ίδιου έτους. Συγκεκριμένα, το καθαρό χρέος ως ποσοστό της καθαρής κεφαλαιοποίησης ανήλθε σε περίπου 31% στις 30 Σεπτεμβρίου 2020, σημειώνοντας άνοδο σε σύγκριση με το αντίστοιχο επίπεδο της 30 Σεπτεμβρίου 2019 (περίπου 27%) και της 31ης Μαρτίου 2020 (περίπου 22%). Η αύξηση αυτή αποδίδεται κυρίως σε πρόσθετους δανεισμούς που σχετίζονται εν μέρει με την προαναφερθείσα εξαγορά. Την ίδια χρονική περίοδο, η εταιρεία διέθετε $ 57,1 εκατομμύρια σε μετρητά και ισοδύναμα, ενώ το βραχυπρόθεσμο χρέος διαμορφωνόταν στα $ 235,4 εκατομμύρια. Η UVV τήρησε πλήρως τους όρους των δανειακών συμβάσεων, οι οποίοι περιλαμβάνουν απαιτήσεις διατήρησης ελαχίστων επιπέδων απτής καθαρής θέσης και περιορισμούς στη μόχλευση. Η εύλογη αξία του συνολικού μακροπρόθεσμου χρέους, συμπεριλαμβανομένου του τρέχοντος μέρους, εκτιμήθηκε σε περίπου $ 370 εκατομμύρια στις 30 Σεπτεμβρίου 2020, όπως και στις προηγούμενες συγκριτικές ημερομηνίες των ισολογισμών. Η αποτίμηση βασίζεται σε εισροές Επιπέδου 2, λαμβάνοντας υπόψη τις τρέχουσες αγοραίες συνθήκες και διαθέσιμα επιτόκια για παρόμοιες υποχρεώσεις.

Question:
What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:

Question: What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: Universal Corporation's revenue decreased from $475.9 million in Q2 2019 to $377.0 million in Q2 2020, representing a 20.8% decline. For the six-month period, revenue fell from $772.8 million in 2019 to $692.8 million in 2020, a 10.4% decrease. This downward trend reflects weakening sales performance.
News Evidence: Japanese: "同期の売上高は前年同期比20.8％減の3億7,702万5,000ドル" (Sales decreased 20.8% year-over-year to $377,025,000)
Spanish: "Los ingresos de los tres meses terminados el 30 de septiembre ascendieron a 377 millones de dólares, frente a los 475,9 millones del año pasado" (Revenue for the three months ended September 30 amounted to $377 million, compared to $475.9 million last year)

Question: How does the company’s balance sheet reflect its financial health in terms of total amount of current assets and the ratio of total liability divided by total equity? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:Total current assets as of September 30, 2020, were $1,594.7 million. The debt-to-equity ratio (total liabilities divided by total shareholders' equity) was 0.75 ($963.4 million / $1,278.9 million).
News Evidence: None

Question: Are there any significant changes or irregularities in the amount of operating, investing and financing cash flow? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: Operating cash flow changed from negative $279.8 million in 2019 to negative $150.0 million in 2020, showing improvement. Investing cash flow remained negative at $21.0 million in 2020 versus $12.1 million in 2019. Financing cash flow shifted from positive $47.7 million in 2019 to positive $119.6 million in 2020, indicating increased financing activities.
News Evidence: None

Question: What is the company's R&D ratio (R&D divided by revenue)? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: None
News Evidence: None