Itoham Yonekyu : Consolidated Results First Quarter Year Ending March 31, 2022

Consolidated Results

First Quarter

Year Ending March 31, 2022

08/06/2021 Itoham Yonekyu Holdings Inc.

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Table of Contents

■ Consolidated Results First 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 First Quarter Year Ending March 31, 2022 Processed Food Division Results

Meat Division Results

■ Forecast Year Ending March 31, 2022

Forecast Year Ending March 31, 2022 Processed Food Division Forecast Year Ending March 31, 2022 Meat Division Forecast Year Ending March 31, 2022 Segment Information Forecast Year Ending March 31, 2022 Profit/Loss

Forecast Year Ending March 31, 2022 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
		1Q		1Q	Change		1Q
Sales		1,989		2,026	36		2,049
COGS		1,686		1,691	4		1,728
Gross Profit		303		334	31		321
(% of sales)		15.3		16.5	1.3		15.7
Selling, General and		255		259	4		271
Administrative Expenses
(% of sales)		12.8		12.8	▲0.0		13.2
Operating Income		48		75	26		50
(% of sales)		2.4		3.7	1.3		2.5
Non-operating Gain/Loss		4		8	3		4
Ordinary Income		53		84	30		55
(% of sales)		2.7		4.2	1.5		2.7
Extra-ordinary Gain/Loss		0		0	0		0
Income Before Taxes		53		84	31		54
Net Income		34		59	24		36
(% of sales)		1.8		2.9	1.2		1.8

※Round down less than 100 million yen

Sales

(Processed Food Division)

• Sales of commercial products are on a recovery trend
• Sales of household products are at the same high level as last year

(Meat Division)

• Demand for imported products for restaurant businessis on a recovery trend

Gross profit

(Processed food business)

• Improvement of unit price of household and commercial products
• Increased profits due to strong sales of cooked foods (Meat business)
• Increased profits due to improved sales environment for imported chicken
• Improved profit unit price of imported beef

Selling, general and administrative expenses

Increase in shipping and delivery costs and handling charges (+100 million yen) (Impact due to increased handling volume)

* ( ) denotes change vs June 30, 2021 figures

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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
	1Q		1Q		Change		1Q
Sales		1,989		2,026	36		2,049
Ham/Sausage		420		417	-2		428
Processed Food		346		353	7		352
Meat		1,186		1,210	23		1,231
Others		36		44	7		36

※Round down less than 100 million yen

Year on Year Changes

		%
	2022/03
	1Q
	Volume	Amount
Ham/Sausage	-1.9	-0.7
Processed Food	0.3	2.2
Meat	4.1	2.0
Beef	-2.1	6.4
Pork	1.3	-10.1
Chicken	14.4	15.4
Others	10.4	10.1

Comparison of our estimated values after applying the revenue recognition standard

• For reference
  Year on year changes excluding ANZCO

		%
	2022/03
	1Q
	Volume	Amount
Ham/Sausage	-2.0	-1.0
Processed Food	0.1	2.0
Meat	4.6	1.1
Beef	-1.8	7.1
Pork	1.3	-10.1
Chicken	14.4	15.4
Others	1.0	7.1

Comparison of our estimated values after applying the revenue recognition standard

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