Maruha Nichiro : Summary of Consolidated Financial Results for the 2nd Quarter of the Year Ending March, 2023

Summary of Consolidated Financial Results

For the Second Quarter of the Year Ending March, 2023 (Based on Japanese GAAP)

		November 7, 2022
Company name:	Maruha Nichiro Corporation
Stock exchange listing:	Tokyo Stock Exchange, First Section
Stock code:	1333	URL https://www.maruha-nichiro.com/
Representative:
Title:	President
Name:	Masaru Ikemi
Inquiries:	Hiroyuki Metoki
	Acting General Manager of Corporate Planning Department

Phone:	[phone]
Scheduled date for fling the quarterly report:	November 8, 2021 (only in Japanese)
Scheduled date for Commencement of Dividend Payments:	-
Preparation of Explanatory Materials for Financial Results:	Yes
Information Meetings Arranged Related to Financial Results:	Yes (for analysts, video of financial
		results briefing will be posted online, only in Japanese)

(Yen in millions, rounded down)

1. Consolidated Financial Results for the Second Quarter of the Year Ending March, 2023 (April 1, 2022- September 30, 2022)

1. Consolidated Result of Operations (cumulative)

				(% figures denote year-on-year change)
	Net Sales		Operating Income		Ordinary Income		Profit attributable to
				owners of parent
	Millions of yen		％	Millions of yen	％		Millions of yen	％		Millions of yen	％
2nd Quarter of the Year	485,241		17.7	15,933	27.9	21,209	53.1		13,129	39.0
Ending March, 2023
2nd Quarter of the Year	412,220		5.2	12,460	21.6	13,856	17.0		9,447	165.8
Ended March, 2022
(Note) Comprehensive Income: Second Quarter of the Year ending March, 2023		¥ 27,249 million (89.4 %)
	Second Quarter of the Year ended March, 2022		¥14,390 million (163.1%)
				Profit per Share		Diluted Profit Per Share
					Yen			Yen
2nd Quarter of the Year Ending March, 2023		253.64			-
2nd Quarter of the Year Ended March, 2022		179.54			-

(2) Consolidated Financial Position

	Total Assets	Net Assets	Equity Ratio
	Millions of yen	Millions of yen	％
2nd Quarter of the Year	652,422	205,661	26.6
Ending March, 2023
Year Ended March, 2022	548,603	187,895	29.2

(Reference) Shareholders' Equity: ¥173,456 million (2Q of FY Ending March,2023), ¥160,174 million (Year Ended March, 2022)

2. Dividends

		Annual Dividends per Share
	1s t Quarter	2n d Quarter		3rd Quarter	Year End		Total
	Yen	Yen		Yen	Yen		Yen
Year Ended March, 2022	-	-			-	55.00		55.00
Year Ending March, 2023	-	-
Year Ending March					-	55.00		55.00
2023 (Estimate)
(Note) Revisions of dividend projections in the current quarter		: Yes / No

3. Forecast for the Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023)

(% figures denote change from the same period in the previous year)

Profit attributable

Profit per

Net Sales

Operating Income

Ordinary Income

to owners of

Share

parent

Millions of yen

％

Millions of yen

％

Millions of yen

％

Millions of yen

％

Yen

Full Year

970,000

11.9

27,000

13.4

32,000

16.0

19,000

12.4

376.16

(Note) Revisions of the forecast in the current quarter

:

yes

/ No

• Note

1. Major changes among subsidiaries during period under review
2. Application of concise accounts procedures specific to the preparation of quarterly Consolidated financial statements

• yes / No
• yes /No

(3) Changes in accounting principles, changes in accounting estimates, and retrospective restatements

(i)	Changes due to revisions in accounting standards, etc.	:		yes	/ No
(ii)	Changes other than (i)	:		yes	/ No
(iii) Changes in accounting estimates	:		yes	/ No
(iv) Retrospective restatements	:	yes / No

1. Number of shares issued (common shares)

1. Number of shares issued at the end of the period (including treasury stock)
2. Number of treasury stock at the end of the period
3. Average number of shares issued during the term

2nd Quarter of the		Fiscal year ended
Year Ending	52,656,910	52,656,910
March, 2022
March 2023
2nd Quarter of the		Fiscal year ended
Year Ending	2,146,013	36,389
March, 2022
March 2023
2nd Quarter of the		Second Quarter of
Year Ending	51,765,934	FY ending	52,621,725
March 2023		March, 2022

(Note) The Company introduced a performance-based stock compensation plan, "Stock Benefit Trust (BBT = Board Benefit Trust)", in the 2nd Quarter of the current consolidated FY. The number of treasury stock at the end of the period includes the Company's shares held by the trust (91,100 shares in 2Q of the FY ending March 2023). In addition, the Company's shares held by the trust are included in the treasury stock to be deducted in calculating the average number of shares during the term (1,821 shares for 2Q of the FY ending March 2023).

• This summary of financial results is exempt from quarterly review procedures.
• Explanation of the appropriate use of business forecasts and other remarks (Cautions related to Forward-looking statement, etc.)

Business forecasts contained in this report are based on information available to the Company and on a certain assumption the Company considers reasonable on the date of this report's announcement, and it does not constitute the Company's intention to promise the accomplishment of the forecasts. Due to unforeseen circumstances, however, actual results may differ significantly from such forecasts due to various risks and uncertainties which include, but are not limited to, global economic environment, intensified sales competition, fluctuations in exchange rate and interest rate, etc.

(How to obtain the explanatory materials for financial results)

The explanatory material for financial results will be available on the Company's website

(https://www.maruha-nichiro.com/ir/presentations.html)from Thursday, November 24, 2022.

This document is an excerpt translation of the original Japanese Document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.