Kewpie : Summary of Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending November 30, 2022(416KB)

Summary of Consolidated Financial Statements

for the Third Quarter of the Fiscal Year Ending November 30, 2022

[JAPAN GAAP]

	October 7, 2022
Listed company name:	Kewpie Corporation
Listed exchange:	Tokyo Stock Exchange
Securities code:	2809
URL:	https://www.kewpie.com/en/
Representative:	Mitsuru Takamiya,
	Representative Director, President and Chief Executive Corporate Officer
Contact:	Takeshi Kitagawa,
	Senior General Manager of Management Promotion Division

Scheduled date for filing quarterly securities report: October 14, 2022

Scheduled date for dividend payment: -

Quarterly supplementary data: Yes

Quarterly results briefing: None

(Amounts are rounded down to the nearest million yen.)

1. Consolidated business results for the third quarter of the fiscal year ending November 30, 2022 (From December 1, 2021 to August 31, 2022)

1. Consolidated operating results (Cumulative)

(Percentage figures show changes from the same period of the previous year.)

		Net sales	Operating income	Ordinary income	Profit attributable to
		owners of parent
	Nine months ended	Millions of yen	%	Millions of yen		%	Millions of yen	%	Millions of yen	%
	318,214	4.7	21,407		(2.3)	22,945	(1.9)	14,541	0.1
	August 31, 2022
	Nine months ended	303,851	(23.6)	21,914		7.3	23,394	11.7	14,524	32.5
	August 31, 2021
	(Note) Comprehensive income: Nine months ended August 31, 2022		¥25,149 million (Increase of 23.3%)
		Nine months ended August 31, 2021		¥20,391 million (Increase of 49.1%)
		Earnings per share	Earnings per share
		(diluted)
	Nine months ended		Yen			Yen
		104.61	-
	August 31, 2022
	Nine months ended		103.00	-
	August 31, 2021

(Note) During the fiscal year ended November 30, 2021, the Company finalized the provisional accounting treatment for business combinations. As a result, figures for the nine months ended August 31, 2021 reflect the finalization of the provisional accounting treatment.

(2) Consolidated financial position

		Total assets		Net assets	Equity ratio
		Millions of yen		Millions of yen	%
	As of August 31, 2022	394,824		287,590	66.0
	As of November 30, 2021	381,003		269,301	64.5
	(Reference) Shareholders' equity:	As of August 31, 2022		¥260,707 million
		As of November 30, 2021	¥245,640 million

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2. Dividends

		Annual dividend per share
	End of 1st	End of 2nd	End of 3rd	Year-end		Total
	quarter	quarter	quarter
	Yen	Yen	Yen	Yen		Yen
Fiscal year 2021	-	20.00	-	27.00	47.00
Fiscal year 2022	-	20.00	-
Fiscal year 2022 (Forecast)						27.00	47.00

(Note) Revision to the most recently announced forecast of dividends: None

3. Forecasts of consolidated operating results for the fiscal year ending November 30, 2022 (From December 1, 2021 to November 30, 2022)

(Percentage figures show changes from the previous year.)

	Net sales		Operating income	Ordinary income	Profit attributable to	Earnings
		owners of parent	per share
Year ending	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
430,000	5.6	26,000	(7.0)	27,700	(6.7)	15,700	(12.8)	112.95
November 30, 2022

(Note) Revision to the most recently announced forecast of consolidated operating results: None

*Notes

1. Changes in significant subsidiaries during the nine months (Changes in specified subsidiaries resulting in the change in the scope of consolidation): None
2. Application of special accounting treatments for the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies and estimates, and restatements
4. 1. Changes in accounting policies due to revision of accounting standards: Yes
   2. Changes in accounting policies due to reasons other than "a)" (above): None
   3. Changes in accounting estimates: None
   4. Restatements: None
5. Number of issued shares (common stock)
6. 1. Number of issued shares at the end of the period (including treasury stock):

August 31, 2022	141,500,000 shares
November 30, 2021	141,500,000 shares
b) Number of shares of treasury stock at the end of the period:
August 31, 2022	2,495,723 shares
November 30, 2021	2,495,090 shares

c) Average number of shares during the period (cumulative from the beginning of the fiscal year):

December 1, 2021 to August 31, 2022	139,004,505 shares
December 1, 2020 to August 31, 2021	141,018,980 shares

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*The summary of quarterly consolidated financial statements is outside the scope of quarterly review procedures by certified public accountants or an audit corporation.

*Statement for an appropriate usage of the forecasts of operating results and other special notes

The forecasts and other forward looking statements contained in this summary are based on the information currently available to the Company and certain assumptions considered reasonable by the Company. Therefore, they are not guaranteed to be achieved by the Company. As a result, the forecasts of operating results may differ significantly from the actual operating results due to various factors.

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Table of contents
l. Quarterly consolidated financial statements and major notes...................................................................	2
1. Quarterly Consolidated Balance Sheets ....................................................................................................	2

2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive

Income .......................................................................................................................................................	4
(Quarterly Consolidated Statements of Income) (Nine months ended August 31, 2021 and August 31, 2022)
...................................................................................................................................................................	4
(Quarterly Consolidated Statements of Comprehensive Income) (Nine months ended August 31, 2021 and
August 31, 2022)........................................................................................................................................	5
3. Notes Regarding Quarterly Consolidated Financial Statements ................................................................	6
(Notes regarding assumption of a going concern) .....................................................................................	6
(Notes regarding the significant changes in the amount of shareholders' equity) ......................................	6
(Changes in accounting policies) ...............................................................................................................	6
(Business combination)..............................................................................................................................	7
(Segment information)................................................................................................................................	8

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1. Quarterly consolidated financial statements and major notes
   1. Quarterly Consolidated Balance Sheets

					(Millions of yen)
				Previous fiscal year	Current third quarter
				(As of November 30, 2021)	(As of August 31, 2022)
	Assets
	Current assets
	Cash and deposits	58,343	57,758
	Notes and accounts receivable - trade	56,875	61,251
	Securities	10,000	10,000
	Purchased goods and products	18,277	19,966
	Work in process	1,369	1,264
	Raw materials and supplies	10,419	14,064
	Other	2,303	3,059
	Allowances for doubtful accounts		(137)	(110)
	Total current assets	157,451	167,255
	Fixed assets
	Tangible fixed assets
	Buildings and structures	157,939	160,535
	Accumulated depreciation	(93,161)	(96,047)
	Net book value			64,777	64,487
	Machinery, equipment and vehicles	149,308	151,367
	Accumulated depreciation		(106,897)	(110,490)
	Net book value	42,411	40,877
	Land			30,850	30,966
	Construction in progress	2,488	4,487
	Other	18,060	18,663
	Accumulated depreciation	(12,054)	(12,901)
	Net book value			6,005	5,761
	Total tangible fixed assets	146,532	146,581
	Intangible fixed assets
	Goodwill	552	410
	Other		12,751	14,325
	Total intangible fixed assets	13,303	14,735
	Investments and other assets
	Investment securities	43,629	44,889
	Assets for retirement benefits	11,128	12,275
	Other	9,078	9,205
	Allowances for doubtful accounts		(120)	(119)
	Total investments and other assets	63,715	66,251
	Total fixed assets			223,552	227,568
	Total assets		381,003	394,824

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