23.2 Billion Yen（FY2021 :Year ended March 31, 2021）
March 31,2021
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Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
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●We strived to reduce costs by reducing executive compensation and employee bonuses as well as all cost. Recorded subsidy income of 2.4 billion yen as non-operatingincome, including employment adjustment subsidies.
●Cash decreased by 982 million yen from the beginning of the term.(End of the period :cash 7.3 billion yen)Borrowed 1billion yen through the new corona system loan.(Interest-freeloan) We did not borrow from the overdraft limit (7.8 billion yen) .
＜FY2022＞
●Since April 25, this year, the business environment has deteriorated due to the recurrence order of the "emergency declaration," targeting four prefectures, and production operations are being curtailed.Most of our directly managed stores continue to operate in line with the operation of facilities.April sales downed 43.2% (YoY).
＜FY2022 Business Forecast and Dividend forecast ＞ ●It is currently undecided due to "emergency declaration"
Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
●Sales ＜FY2021 ＞
Compared to FY2020:%） ＞
Apr
May
Jun
Jul
Aug
Sep
YoY(%)
△82.4％
△79.0％
△61.5％
△56.7％
△60.8％
△48.6％
Oct
Nov
Dec
Jan
Feb
Mar
YoY(%)
△34.1％
△37.8％
△36.7％
△56.9％
△37.8％
30.0％
（Compared to FY2019:% ）
4Q Sales
Jan
Feb
Mar
YoY(%)
△50.3％
△41.9％
△28.3％
In the 4Q, following the reissue of the state of "emergency declaration" targeting 11 prefectures, January downed significantly from the same month of the previous year.In March, due to mail-order sales and strengthening of measures for private demand, it returned to a decrease of 28.3% compared to March in FY2019.
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Kotobuki Spirits Co.,Ltd.
FY2021 Highlight
（3Q-4QTotal） Net sales 32.9% down,Net profit 720 million yen （1Q-4QTotal） Net sales 48.6% down,Net loss 570 million yen
It was strongly affected by the spread of COVID-19, such as the disappearance of inbound demand and the decrease in movement due to the request to refrain from going out. As a result of being forced to significantly reduce the business activities , the business performance FY2021 was net loss.
●In the second half, the demand for souvenirs remained sluggish due to the decrease in movement, although there were signs of recovery due to Go to travel campaign.Under the circumstances, we committed to brands value up and due to the promotion of measures to stimulate private demand at mail-order sales, special events and directly managed stores.We worked to significantly reduce costs,too.Net income turned from a deficit in the first half to a surplus in the second half.
１Q
2Q
1Q-2QTotal
３Q
４Q
3Q-4QTotal1Q-4QTotal
（Unit：Million of yen）
(Apr-Jun)
(Jul-Sep)
(Oct-Dec)
(Jan-Mar)
Net sales
2,716
5,189
7,905
8,402
6,898
15,300
23,205
（YoY）
（△74.4％）
（△55.9％）
（△64.7％）
（△36.8％）
（△27.4％）
（△32.9％）
（△48.6％）
Ordinary profit
△ 1,755
△ 201
△ 1,956
1,653
△ 19
1,634
△ 322
（YoY）
（－）
（－）
（－）
（△38.6％）
（－）
（△44.2％）
（－）
Net profit
△ 1,163
△ 127
△ 1,290
1,116
△ 395
720
△ 570
（YoY）
（－）
（－）
（－）
（△34.4％）
（－）
（△60.7％）
（－）
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Kotobuki Spirits Co. Ltd. published this content on 25 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2021 05:02:06 UTC.
Kotobuki Spirits Co., Ltd. is a Japan-based company engaged in the manufacture and sale of confectionery products. The Company operates in six segments. Sucrey segment, KCC segment, Kotobuki Seika and Tajima Kotobuki segment, Sales Subsidiary segment, Kujuku Island Group segment are engaged in the manufacture and sale of confectionery products. The Others segment is engaged in the operation of nonlife insurance agency business, Taiwan confectionery business and the sale of health food.
KOTOBUKI SPIRITS CO., LTD. 
