Second Quarter Consolidated Results Year Ending March 31, 2022

Second Quarter Consolidated Results

Year Ending March 31, 2022

November 05, 2021

Itoham Yonekyu Holdings Inc.

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Table of Contents

■ Consolidated Results Second Quarter Year Ending March 31, 2022

Profit/Loss

Itemized Sales

Selling, General and Administrative Expenses・

Non-Operating G/L・Extraordinary G/L

Balance Sheet

Cash Flow Statement

■ Segment Information

Segment Information

Processed Food Division Results

Meat Division Results

■ Forecast Year Ending March 31, 2022

Processed Food Division

Meat Division

Segment Information

Profit/Loss

Itemized Sales

■ Appendix (Market Data)

Overseas Market Prices

CPI

Ham Sausage Data

Domestic Production/Imports

Meat Data

Marketed Volume/Ending Inventory (Beef)

Marketed Volume/Ending Inventory (Pork)

Marketed Volume/Ending Inventory (Chicken)

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Consolidated Results

First Quarter

Year Ending March 31, 2022

• From the beginning of the current fiscal year, "Accounting Standards for Revenue Recognition" (Corporate Accounting Standard No. 29), etc. have been applied.
• Since less than 100 million yen is rounded down, the sum and difference of the indicated values may not match the total.

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Profit/Loss

Quarterly Actual

					100Million Yen, %
	*After applying revenue recognition			*Previous year
	(Our estimated value)				published figures
	2021/03		2022/03			2021/03
	1-2Ｑ		1-2Ｑ	Change		1-2Ｑ
Sales	4,004		4,177	173		4,146
COGS	3,366		3,505	139		3,463
Gross Profit	637		671	34		682
(% of sales)	15.9		16.1	0.2		16.5
Selling, General and	515		526	11		556
Administrative Expenses
(% of sales)	12.9		12.6	-0.3		13.4
Operating Income	122		144	22		126
(% of sales)	3.1		3.5	0.4		3.0
Non-operating Gain/Loss	9		20	11		9
Ordinary Income	131		165	33		135
(% of sales)	3.3		4.0	0.7		3.3
Extra-ordinary Gain/Loss	24		3	-21		24
Income Before Taxes	156		168	12		160
Net Income	105		118	12		109
(% of sales)	2.6		2.8	0.2		2.6

※Round down less than 100 million yen

Sales

(Processed Food Division)

・Sales of commercial products increased (Meat Division)

• Increased sales of imported chicken due to increased demand
  ・Increased unit sales price of imported beef due to market price rise

Gross profit

(Processed Food Division)

・Increased profits due to recovery in Roast beef sales

• Manufacturing cost reduction effect by promoting production optimization (Meat Division)
  ・Increase in profits of imported chicken due to improved sales environment
• Increase in profits of overseas business (Anzco Foods)

Selling, general and administrative expenses

・Increase in shipping and delivery costs and handling charges (+350 million yen)

(Impact due to volume increase)

※Comparison of our estimated values after applying the revenue recognition standard

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Itemized Sales

Itemized Sales

					100Million Yen
	*After applying revenue recognition			*Previous year
	(Our estimated value)				published figures
	2021/03		2022/03			2021/03
	1-2Ｑ		1-2Ｑ	Change		1-2Ｑ
Sales	4,004		4,177	173		4,146
Ham/Sausage	857		856	-1		879
Processed Food	696		725	29		710
Meat	2,374		2,497	122		2,479
Others	75		98	22		75

※Round down less than 100 million yen

Year on Year Changes

			%
		2021/03
		1-2Ｑ
		Volume	Amount
Ham/Sausage	-1.5	-0.1
Processed Food	2.7	4.2
Meat	3.7	5.2
	Beef	-3.5	8.2
	Pork	1.8	-5.2
	Chicken	15.9	17.0
	Others	5.7	14.1
Comparison of our estimated values after applying the revenue
recognition standard
	• For reference
	Year on year changes excluding ANZCO
		2021/03
		1-2Ｑ
		Volume	Amount
Ham/Sausage	-1.8	-0.8
Processed Food	1.1	2.4
Meat	5.2	3.2
	Beef	-2.1	6.3
	Pork	1.8	-5.2
	Chicken	15.9	17.0
	Others	0.3	8.9

Comparison of our estimated values after applying the revenue recognition standard

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