Kikkoman : Flash Report for Fiscal 2021 (IFRS)

Kikkoman Corporation Flash Report for Fiscal 2021

July 2, 2021

Consolidated Financial Results

Kikkoman Corporation

Flash Report 2021

(IFRS)

(Consolidated)

Year ended March 31, 2021

Listed company name:	Kikkoman Corporation
Shares listed:	Tokyo (1st Section)
Code No.:	2801
URL:	https://www.kikkoman.com
Representative:	Shozaburo Nakano, President and Chief Operating Officer
Contact:	Kazuki Usui, General Manager, Corporate Communication Department
E-mail:	[e-mail]

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 rounded in the following tables.

Kikkoman Corporation Flash Report 2021

1. Business Performance for the Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)

1) Business Performance

(Millions of yen)

Revenue

Business profit

Operating profit

Profit before

income taxes

Amount

Y o Y

Amount

Y o Y

Amount

Y o Y

Amount

Y o Y

(%)

(%)

(%)

(%)

Apr. 1, 2020

439,411

(0.0)

42,650

12.1

41,672

19.4

43,194

14.2

-Mar. 31, 2021

Apr. 1, 2019

439,627

－

38,041

－

34,903

－

37,814

－

-Mar. 31, 2020

Profit for the year

Total

attributable to

comprehensive

owners of the

income for the

parent

period

Amount

Y o Y

Amount

Y o Y

(%)

(%)

Apr. 1, 2020

31,159

16.1

44,346

169.3

-Mar. 31, 2021

Apr. 1, 2019

26,827

－

16,465

－

-Mar. 31, 2020

Basic earnings

Diluted

ROE

Profit before

attributable to

Business profit

per share

earnings per

income taxes

owners of the

to Revenue

(yen)

share (yen)

to total assets

parent

Apr. 1, 2020

162.31

－

10.7%

10.3%

9.7%

-Mar. 31, 2021

Apr. 1, 2019

139.74

－

10.0%

9.6%

8.7%

-Mar. 31, 2020

(Reference) Share of profit of associates accounted for using the equity method April 1, 2020 to March 31, 2021: ¥ 206 million

April 1, 2019 to March 31, 2020: ¥ 209 million

(Note) Business profit is profit after deducting the cost of sales and selling, general and administrative expenses from revenue.

2) Financial Position

					(Millions of yen)
			Total equity	Equity	Equity
			attributable to	attributable to
	Total assets	Total equity	attributable to
	owners of the	owners of the
	owners of the
			parent to total	parent per
			parent
			assets	share (yen)
Mar. 31, 2021	438,508	313,514	308,130	70.3%	1,605.08
Mar. 31, 2020	398,698	277,543	272,258	68.3%	1,418.20

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Kikkoman Corporation Flash Report 2021

3) Cash Flows

(Millions of yen)

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end
	operating activities	investing activities	financing activities
	of the year
Apr. 1, 2020	57,167	(16,886)	(15,420)	55,678
-Mar. 31, 2021
Apr. 1, 2019	41,958	(28,777)	(11,400)	28,103
-Mar. 31, 2020

2. Cash Dividends

	Cash dividends per share (yen)	Total cash		Dividend to
	Three-	Six-	Nine-			Dividend	equity
	Full		dividends	attributable to
	month	month	month	Total	(full year)	payout ratio
	period	period	period	year	(millions of	(consolidated)	owners of the
	ended	ended	ended	ended		yen)		parent
								(consolidated)
Apr. 1, 2019	－	21.00	－	21.00	42.00	8,065	30.1%	3.0%
-Mar. 31, 2020
Apr. 1, 2020	－	21.00	－	24.00	45.00	8,641	27.7%	3.0%
-Mar. 31, 2021
Apr. 1, 2021		22.00		23.00	45.00		29.7%
-Mar. 31, 2022	－	－
(Estimated)

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Kikkoman Corporation Flash Report 2021

3. Forecasts of Business Performance for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

									(Millions of yen)
	Revenue	Business profit	Operating profit	Profit before
	income taxes
	Amount		Y o Y	Amount		Y o Y	Amount	Y o Y	Amount	Y o Y
		(%)		(%)	(%)	(%)
Apr. 1, 2021	228,500		7.3	21,850		(0.5)	21,450	(3.2)	22,050	(3.2)
-Sep. 30, 2021
Apr. 1, 2021	462,800		5.3	43,400		1.8	41,800	0.3	42,900	(0.7)
-Mar. 31, 2022
	Profit for the year
	attributable to	Basic earnings
	owners of the
	per share
	parent
		(yen)
	Amount		Y o Y
		(%)
Apr. 1, 2021	15,240		(6.4)	79.39
-Sep. 30, 2021
Apr. 1, 2021	29,100		(6.6)	151.58
-Mar. 31, 2022

(Note) In the Japanese GAAP-based flash report (consolidated financial results for the fiscal year ended March 31, 2021), the Group announced its forecasts of consolidated business performance for the fiscal year ending March 31, 2022 based on Japanese GAAP. However, due to the voluntary adoption of the International Financial Reporting Standards (IFRS) from the consolidated financial statements in the securities report for the fiscal year ended March 31, 2021, the Group announces new forecasts of consolidated business performance for the fiscal year ending March 31, 2022 based on IFRS.

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Kikkoman Corporation Flash Report 2021

[Notes]

1. Changes in important subsidiaries during the period (Changes in certain specific subsidiaries resulting in a revised scope of consolidation): None
2. Changes in accounting policy and changes in accounting estimates

• Changes in accounting policies required by IFRS: None

1. • Changes in accounting policy other than those in ① above: None

   ③ Changes in accounting estimates: None

2. Issued and outstanding shares (common stock)

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

March 31, 2021	－ 193,883,202 shares	March 31, 2020 － 193,883,202 shares
② Treasury stock at end of period
March 31, 2021	－ 1,911,533 shares	March 31, 2020 － 1,908,731 shares

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

March 31, 2021 － 191,973,212 shares

March 31, 2020 － 191,975,974 shares

• This flash report is not included in the scope of an audit by certified public accountants or the audit corporations.
• Explanation concerning the appropriate use of financial result forecasts and other special notes (Adoption of the International Financial Reporting Standards (IFRS))
  Starting with the consolidated financial statements in the securities report for the fiscal year ended March 31, 2021, the Group adopted the International Financial Reporting Standard (hereinafter called "IFRS").
  In addition, the Group announced a Japanese GAAP-based flash report (consolidated financial results for the fiscal year ended March 31, 2021) on April 27, 2021.

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