KIKKOMAN : Flash Report for First Six Months of Fiscal 2016 (PDF 388 KB) (Nov. 05, 2015) NEW

Kikkoman Corporation Flash Report

November 5, 2015

Consolidated Financial Results

Kikkoman Corporation Flash Report for First Six months of Fiscal 2016

Six-month period ended September 30, 2015

Listed company name: Kikkoman Corporation

Shares listed: Tokyo (1st Section)

Code No.: 2801

URL: http://www.kikkoman.com

Representative: Noriaki Horikiri, President and Chief Executive Officer Contact: Kazuki Usui, Corporate Officer General Manager

Corporate Communication Department

E-mail: [e-mail]

Scheduled submission date of quarterly accounting report: November 12, 2015 Scheduled date for cash dividend payments: －

Supplementary Schedules for quarter: Yes

Results briefing for quarter: Yes

Notes:

1. All information has been prepared in accordance with accounting principles and practices generally accepted in Japan.

2. Amounts less than ¥1 million, except for per share amounts, have been omitted in the following tables.

1. Business Performance for the Six-month Period Ended September 30, 2015 (April 1, 2015 to September 30, 2015)

   
   

2. Business Performance

   
   

   (Millions of yen)

   Net sales		Operating income		Ordinary income		Net income attributable to owners of parent
   Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)
   Apr. 1, 2015 -Sep. 30, 2015	202,774	13.4	16,939	37.8	15,957	35.9	10,485	34.7
   Apr. 1, 2014 -Sep. 30, 2014	178,799	6.2	12,296	(2.9)	11,743	4.1	7,785	8.8

   (Note) Comprehensive Income

   April 1, 2015 to September 30, 2015: ¥ 9,608 million ((39.5) %)

   April 1, 2014 to September 30, 2014: ¥ 15,873 million ((11.3) %)

   
   

   Net income per share (yen)	Net income per share (Assuming full dilution) (yen)
   Apr. 1, 2015 -Sep. 30, 2015	53.68	－
   Apr. 1, 2014 -Sep. 30, 2014	39.36	39.36

   
   

3. Financial Position

   
   

   (Millions of yen)

   Total assets	Net assets	Shareholders' equity ratio
   Sep. 30, 2015	377,960	237,983	62.4%
   Mar. 31, 2015	378,766	238,431	62.4%

   (Note) Total shareholders' equity

   Sep. 30, 2015: ¥ 236,003 million

   Mar. 31, 2015: ¥ 236,508 million

   
   

4. Cash Dividends

   
   

   Cash dividends per share (yen)
   Three-month period ended	Six-month period ended	Nine-month period ended	Full year ended	Total
   Apr. 1, 2014 -Mar. 31, 2015	－	0.00	－	24.00	24.00
   Apr. 1, 2015 -Mar. 31, 2016	－	0.00
   Apr. 1, 2015 -Mar. 31, 2016 (Estimated)	－	24.00	24.00

   (Note) Revisions to dividend forecasts this quarter: None

5. Forecasts of Business Performance for the Fiscal Year Ending March 31, 2016 (April 1, 2015 to March 31, 2016)

   (Millions of yen)

   Net sales		Operating income		Ordinary income		Net income attributable to owners of parent		Net income per share (yen)
   Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)
   Apr.1, 2015- Mar.31, 2016	405,000	9.1	31,200	23.0	29,200	19.8	19,100	24.2	97.79

   (Note) Revisions to recently announced forecasts of business performance: Yes

   
   

   [Notes]

6. Changes in important subsidiaries during the first six months (Changes in certain specific subsidiaries resulting in a revised scope of consolidation): No

   
   

7. Application of special accounting methods in preparation for the consolidated quarterly financial statements: Yes

   (Note) For details, please refer to the attachments to this report, Page 10, 2.Summary Information (Notes),

8. Application of Special Accounting Methods in Preparation for the Consolidated Quarterly Financial Statements.

   
   

9. Changes in accounting policy, changes in accounting estimates and restatement of revisions

   ① Changes in accounting policy associated with accounting standard revisions: Yes

   ② Changes in accounting policy other than those in ① above: Yes

   ③ Changes in accounting estimates: Yes

   ④ Restatement of revisions: None

   (Note) For details, please refer to the attachments to this report, Page 11, 2.Summary Information (Notes),

10. Changes in Accounting Policy, Changes in Accounting Estimates and Restatement of Revisions.

11. Issued and outstanding shares (common stock)

    ① Shares issued and outstanding at end of period (including treasury stock)

    September 30, 2015 － 210,383,202 shares March 31, 2015 － 210,383,202 shares

    ② Treasury stock at end of period

    September 30, 2015 － 15,072,341 shares March 31, 2015 － 15,046,330 shares

    ③ Shares outstanding during the period (cumulative for period, consolidated)

    September 30, 2015 － 195,322,205 shares September 30, 2014 － 197,783,530 shares

    • Status of implementation of quarterly review procedures

      This quarterly flash report does not use quarterly review procedures based on the Financial Instruments and Exchange Law. The quarterly review procedures were being conducted for consolidated quarterly financial statements when this quarterly flash review was disclosed.

    • Explanation of appropriate use of business forecasts and other special matters (Caution Regarding Forward-looking Statements)

    Forecasts of business performance and future developments noted in this report are based on assumptions from

    information available to management at the time of disclosure and deemed reasonable at the present time. Actual results may differ significantly from forecasts. For details of business performance forecasts and guidelines for assumptions, please refer to the attachments to this report, Page 10, 1.Qualitative Information and Consolidated Financial Statements, etc., 3) Explanation of forward-looking statements, including forecasts of consolidated business performance.

    
    

    (How to obtain business performance presentation materials)

12. Kikkoman will publish supplementary schedules to the first half results on TD-net for viewing in Japan, and on its website.

13. Kikkoman plans to publish business performance presentation materials on its website.