Kagome : (Delayed) Results Briefing Materials for FY2021/2Q

Results Briefing Materials

for FY2021/2Q

Kagome Co., Ltd.

Securities code: 2811

Figures in these materials
- Amounts are rounded down to the nearest 100 million yen. Part of amounts for core operating income are rounded down to the nearest 10 million yen.	1
- Percentages are rounded to one decimal place.

1. Summary of Business Results for

FY2021/2Q

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FY2021/2Q Consolidated Results

Achieved gains in revenue and profit due to rising health consciousness, continued stay-at-home demand and measures to stimulate demand for vegetables such as the "Let's Eat Vegetables" campaign

	Results	YoY
Unit: 100 million yen						FY2020/1H	FY2019/1H
	Margin		Rate of
			change
Revenue	919	-	+31	+3.5%	888	885
Core Operating	71	7.7%	+7	+11.9%	63	54
Income
Operating Income	69	7.6%	+0	+1.0%	68	71
Net Income*	47	5.2%	+1	+3.6%	45	54
ROE	4.2%	-	0	-		4.2%	5.4%
ROA	3.3%	-	+0.3pt	-		3.0%	2.8%
EPS (yen)	53.05	-	+1.39	-		51.66	61.53

* Net income attributable to owners of parent

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FY2021/2Q Results by Segment

Achieved gains in revenue in all segments except domestic agriculture business Achieved higher profit overall given a strong performance in international business, which offset lower profit in domestic businesses

Revenue

Unit: 100 million yen

Beverages

Direct marketing

Food and others

Domestic processed food business Domestic agriculture business International business

Other/adjustments

Total

FY2021

YoY	Rate of
change

371	+7	+2.0%
60	+4	+8.0%
217	+1	+0.6%
649	+13	+2.0%
49	(3)	(6.8)%
257	+31	+13.9%
(37)	(9)	-
919	+31	+3.5%

			Core Operating Income
FY2020/	FY2019/		FY2021				FY2020/	FY2019/
			Rate of
1H	1H			YoY		1H	1H
		change
364	352	35.1	(0.4)	(1.3)%	35.6	25.7
55	51	3.9	+0.3	+9.7%	3.6	4.0
216	225	13.5	(2.6)	(16.4)%	16.2	16.8
636	629		52.7	(2.7)	(5.0)%		55.4	46.6
53	51	1.0	(1.3)	(58.0)%	2.3	0.0
225	232	17.2	+13.4	+363.3%	3.7	5.6
(27)	(28)	0.2	(1.7)	(88.6)%	2.0	1.9
888	885		71.1	+7.5	+11.9%		63.5	54.2

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FY2021/2Q Topics

Domestic processed food business Beverages

Achieved a year-on-year increase in revenue due to the release of new products and proactive promotions

Domestic processed food business Direct marketing

Positioned as a business expected to drive growth and disclosed as a separate segment following a change in segmentation from this fiscal year

Posted gains in revenue and profit due to growing use of the direct marketing channel and rising health consciousness

Domestic processed food business Food and others

Products for household use: Revenue fell due to the recoil from special demand for eating at home caused by COVID-19 but exceeded 2019 levels

Products for Institutional and industrial use: Showed signs of recovery from 2020 but failed to recover to 2019 levels due to protracted slump of food service industry

Domestic agriculture business

Reported declines in revenue and profit due to a downturn in market conditions for fresh tomatoes

International business

Posted gains in revenue and profit due to recovery of food service demand and lower costs due to increased productivity

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