Izumi : Summary of Consolidated Financial Results for the Year Ended February 28, 2022

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Year Ended February 28, 2022

(Based on Japanese GAAP)

Company name: IZUMI CO., LTD.

Stock exchange listing: Tokyo

Stock code: Representative:

8273 URLhttps://www.izumi.co.jp/ President and Representative Director General Manager of Finance & Accounting

Inquiries:

Department

Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report:

Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Holding of financial results meeting:

Yasuaki Yamanishi

Kazunori NishimotoMay 25, 2022

May 26, 2022

May 26, 2022 Yes

TEL +81-82-264-3211

Yes (For institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)

(1) Consolidated financial results

April 12, 2022

Percentages indicate year-on-year changes

Operating revenue

Operating profit

Ordinary profit

Profit attributable to owners of parent

Year ended February 28, 2022

Year ended February 28, 2021

Millions of yen 676,800 679,778

% (0.4) (8.7)

Millions of yen 34,717 35,781

% (3.0) 12.2

Millions of yen 34,696 36,078

% (3.8) 12.8

Millions of yen 23,204 23,053

% 0.7 15.5

Earnings per share

Diluted earnings per share

Profit/equity

Ordinary profit/total assets

Operating profit/net sales

Year ended February 28, 2022

Year ended February 28, 2021

Yen 324.45 321.72

Yen - -

% 9.6 10.3

% 7.2 7.4

% 5.4 5.5

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

As of February 28, 2022

As of February 28, 2021

Millions of yen 468,798 489,692

Millions of yen 262,433 245,411

% 53.0 47.5

Yen 3,479.26 3,244.56

(3) Consolidated cash flows

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash and cash equivalents at end of period

Year ended February 28, 2022

Year ended February 28, 2021

Millions of yen 18,577 48,320

Millions of yen

(14,246) (6,633)

Millions of yen

(18,016) (25,361)

Millions of yen 11,621 25,306

2. Cash dividends

Annual dividends per share	Total cash dividends (Full year)	Dividend payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
Year ended February 28, 2021 Year ended February 28, 2022	Yen - -	Yen 40.00 43.00	Yen - -	Yen 43.00 43.00	Yen 83.00 86.00	Millions of yen 5,947 6,147	% 25.8 26.5	% 2.7 2.6
Year ending February 28, 2023 (Forecast)	-	43.00	-	43.00	86.00	29.4

3. Forecast of consolidated financial results for the fiscal year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)

Percentages indicate year-on-year changes

Operating revenue

Operating profit

Ordinary profit

Profit attributable to owners of parent

Earnings per share

Six months ending August 31, 2022

Full year

Millions of yen

223,800 454,300

% - -

Millions of yen

15,100 32,600

% - -

Millions of yen

15,100 32,600

% - -

Millions of yen

9,900 20,900

% - -

Yen 138.50 292.40

4. Notes

(1) Changes in significant subsidiaries during the period

(changes in specified subsidiaries resulting in the change in scope of consolidation):

No
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statementsChanges in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:

Changes in accounting estimates:

Restatement of prior period financial statements:

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of February 28, 2022

71,665,200 shares

As of February 28, 2021

71,665,200 shares

As of February 28, 2022

71,665,200 shares As of February 28, 2021

Number of treasury shares at the end of the periodNo No No No

71,665,200 shares

As of February 28, 2022

187,562 shares

As of February 28, 2021

8,106 shares

187,562 shares As of February 28, 2021

As of February 28, 2022

Average number of shares during the period

8,106 shares

Year ended February 28, 2022

71,517,631 shares

Year ended February 28, 2021

71,657,606 shares

Year ended February 28, 2022

71,517,631 shares Year ended February 28, 2021

71,657,606 shares

Consolidated financial statements Consolidated balance sheets

(Millions of yen)
As of February 28, 2021	As of February 28, 2022
Assets
Current assets
Cash and deposits	25,306	11,621
Notes and accounts receivable - trade	42,497	42,794
Merchandise and finished goods	21,661	20,381
Work in process	20	95
Raw materials and supplies	458	681
Other	17,717	13,803
Allowance for doubtful accounts	(550)	(511)
Total current assets	107,112	88,867
Non-current assets
Property, plant and equipment
Buildings and structures	400,335	408,013
Accumulated depreciation	(245,053)	(258,508)
Buildings and structures, net	155,281	149,504
Machinery, equipment and vehicles	11,242	11,873
Accumulated depreciation	(7,185)	(7,968)
Machinery, equipment and vehicles, net	4,057	3,904
Land	163,136	166,542
Leased assets	84	81
Accumulated depreciation	(64)	(64)
Leased assets, net	20	16
Construction in progress	497	2,002
Other	42,840	43,650
Accumulated depreciation	(35,294)	(36,254)
Other, net	7,545	7,396
Total property, plant and equipment	330,539	329,367
Intangible assets
Goodwill	2,441	1,908
Other	8,249	9,325
Total intangible assets	10,690	11,234
Investments and other assets
Investment securities	9,876	8,729
Long-term loans receivable	1,542	1,418
Deferred tax assets	9,244	9,750
Leasehold and guarantee deposits	16,909	15,846
Other	4,322	4,047
Allowance for doubtful accounts	(546)	(462)
Total investments and other assets	41,350	39,329
Total non-current assets	382,580	379,931
Total assets	489,692	468,798

(Millions of yen)As of February 28, 2021

As of February 28, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade Short-term borrowings

Current portion of long-term borrowings Accounts payable - other

Income taxes payable Provision for bonuses

Provision for bonuses for directors (and other officers) Provision for point card certificates

Provision for loss on recollection of gift certificates Provision for loss on building demolition Provision for loss on lease contracts Asset retirement obligations

Other

Total current liabilities Non-current liabilities

Long-term borrowings Lease obligations

Long-term leasehold and guarantee deposits received Provision for retirement benefits for directors (and other officers)

Provision for loss on interest repayment Provision for loss on building demolition Provision for loss on lease contracts Retirement benefit liability Deferred tax liabilities Asset retirement obligations Other

Total non-current liabilities Total liabilities

Net assets

Shareholders' equity

Share capital Capital surplus Retained earnings Treasury shares

Total shareholders' equity Accumulated other comprehensive income

Valuation difference on available-for-sale securities Remeasurements of defined benefit plans

Total accumulated other comprehensive income

Non-controlling interests

Total net assets

Total liabilities and net assets

47,367 29,697

1,300 10,220

19,756 19,800

14,076 7,429

7,983 6,135

2,204 2,246

36 26

2,416 2,496

115 201

117 357

- 32

39 194

18,183 14,994

113,596

93,835

88,335 17 22,552

69,327

14 22,170

915 69

146 204

436

- 424

8,852 9,251

980 870

8,267 9,143

180 1,053

130,684 244,281

112,529 206,364

19,613 19,613

22,545 22,580

189,072 206,121

(30) 231,200

(800) 247,515

1,171

123

1,028

145

1,294

1,173

12,915

13,744

245,411

262,433

489,692

468,798

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

(Millions of yen)Year ended February 28, 2021

Year ended February 28, 2022

Net sales Cost of sales Gross profit Operating revenue Operating gross profit

Selling, general and administrative expenses

Advertising and promotion expenses Distribution expenses

Provision of allowance for doubtful accounts Employees' salaries and bonuses

Provision for bonuses

Welfare expenses Retirement benefit expenses Rent expenses

Utilities expenses Depreciation

Provision for retirement benefits for directors (and other officers)

Other

Total selling, general and administrative expenses

Operating profit

Non-operating income

Interest and dividend income Purchase discounts

Share of profit of entities accounted for using equity method Penalty income

Other

Total non-operating income Non-operating expenses

Interest expenses Compensation expenses

Share of loss of entities accounted for using equity method Other

Total non-operating expenses Ordinary profit

645,672 643,280

498,204 497,337

147,467 34,105 181,573

145,943 33,519 179,463

9,643 9,647

8,152 8,005

184 159

53,319 52,324

2,119 2,136

10,522 10,320

1,213 1,125

11,526 11,248

7,482 7,986

15,243 15,267

(57) 153

26,441 26,369

145,791 35,781

144,745 34,717

243 224

183 193

84 149 1,232 1,893

- 97 1,085 1,600

700 555

115 101

- 290

781 674

1,597 36,078

1,621 34,696

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Disclaimer

Izumi Co. Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 07:44:05 UTC.

IZUMI CO., LTD.

Izumi : Summary of Consolidated Financial Results for the Year Ended February 28, 2022

Send by mail :