Yakult Honsha : Supplementary Materials for Financial Statements For the first quarter Ended June 30, 2021

Supplementary Materials for Financial Statements For the first quarter Ended June 30, 2021

(April 1, 2021 to June 30, 2021)

July 30, 2021

Yakult Honsha Co., Ltd.

Public Relations Department

Investor Relations Department

URL https://www.yakult.co.jp/company/ir/

Contents

Consolidated		Page
1． Major Increases (Decreases) in Consolidated Balance Sheet	・・・	1
2． Major Increases (Decreases) in Consolidated Statements of Income	・・・	2
3． Performance Overview	・・・	3
4． Segment Information	・・・	4	-	7
5． Overseas Dairy Products sales (Bottles sold per day)	・・・	8
(Reference) Non-Consolidated
1． Breakdown of Statements of Income	・・・	9
2． Sales breakdown	・・・	9	-	11

About a numeric display of this material

1.Unit of money : Less than one million yen is rounded down.

2.Quantity results: Less than 1000 is rounded off.

3.Year on year percentage: The second place is rounded off after the decimal point.

Consolidated

1． Major Increases (Decreases) in Consolidated Balance Sheet

			(Millions of yen)
	As of Mar. 31	As of Jun. 30	Increase
	2021	2021	(Decrease)
Total Assets	635,102	642,658	7,556
Current assets
Cash and deposits	176,254	174,124	(2,130)
Notes and accounts receivable - trade	50,307	56,818	6,510
Inventories	27,735	30,133	2,398
Others	12,502	14,697	2,194
Non-current Assets
Property, plant and equipment
Buildings and structures (net)	84,365	84,329	(35)
Others (net)	118,680	119,975	1,294
Intangible assets	5,380	5,474	93
Investments and other assets
Investment securities	80,238	73,502	(6,735)
Shares of affiliates	65,327	68,534	3,206
Others	14,308	15,068	759
Total Liabilities	195,341	184,974	(10,366)
Current liabilities
Notes and accounts payable - trade	22,729	24,654	1,925
Short-term loans payable	20,839	12,841	(7,998)
Others	49,977	47,104	(2,872)
Non-current liabilities
Long-term loans payable	65,716	64,347	(1,368)
Net defined benefit liability	4,358	4,412	54
Others	31,720	31,614	(106)
Total Net Assets	439,761	457,683	17,922
Shareholders' equity	430,688	438,084	7,395
Accumulated other comprehensive income	(25,737)	(17,182)	8,555
Non-controlling interests	34,810	36,781	1,971

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2． Major Increases (Decreases) in Consolidated Statement of Income

										(Millions of yen)
	1Q of FY 2020					1Q of FY 2021（2021.4 ~ 6）
	（2020.4 ~ 6）						Increase (Decrease)	〈Reference〉
			Results *			Financial forecast before
									applying "Accounting
	Results				Amount		Ratio (%)
						standard for Revenue
										recognition"
Net sales	92,528			96,423			3,894		4.2	98,484
（Net sales by business segments）
Food and beverages (Japan)	51,461			50,643			(817)		(1.6)	56,053
Food and beverages (Overseas)	39,583			39,583			(0)		(0.0)	39,583
Pharmaceuticals	4,442			4,336			(105)		(2.4)	4,476
Others	4,139			4,511			371		9.0	4,734
Adjustments	(7,098)			(2,651)			4,446		(62.6)	(6,362)
Cost of sales	37,300			38,041			740		2.0	39,225
Gross profit	55,228			58,381			3,153		5.7	59,259
Gross profit margin (%)	59.7			60.5			0.8			60.2
Selling, general and administrative	44,181			46,767			2,586		5.9	47,644
expenses
Selling expenses	19,688			21,650			1,961			22,527
General and administrative expenses	24,492			25,117			624			25,117
Operating profit	11,046			11,614			567		5.1	11,614
Operating profit margin (%)	11.9			12.0			0.1			11.8
（Operating profit by business segments）
Food and beverages (Japan)	6,004			6,909			904		15.1
Food and beverages (Overseas)	9,428			7,880			(1,548)		(16.4)
Pharmaceuticals	223			604			380		169.9
Others	82			156			74		89.2
Adjustments	(4,693)			(3,936)			756		(16.1)
｛ include corporate expenses ｝	｛ (3,462)	｝	｛ (2,547)	｝	｛	914	｝
Non-operating incomes	7,019			5,171			(1,847)		(26.3)
Interest income	1,243			763			(479)
Dividend income	1,044			975			(69)
Share of profit of entities accounted for	911			2,230			1,318
using equity method
Foreign exchange gains	3,083			783			(2,299)
Others	736			418			(317)
Non-operating expenses	355			315			(39)		(11.2)
Interest expenses	195			187			(8)
Others	160			128			(31)
Ordinary profit	17,710			16,469			(1,240)		(7.0)	16,469
Ratio of ordinary profit to net sales (%)	19.1			17.1			(2.0)			16.7
Extraordinary income	95			2,360			2,265		－
Extraordinary losses	697			970			273		39.2
Profit before income taxes	17,108			17,860			751		4.4
Income taxes	3,905			4,948			1,043
Profit	13,203			12,912			(291)		(2.2)
Profit attributable to non-controlling interests	1,784			1,169			(614)		(34.4)
Profit attributable to owners of parent	11,419			11,742			323		2.8	11,742
Ratio of profit attributable to owners of	12.3			12.2			(0.1)			11.9
parent to net sales (%)

* "Accounting Standard for Revenue Recognition" is applied from fiscal year ending March 31, 2022.

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3． Performance Overview

(1) Breakdown of Statement of Income

（Millions of yen）

	1Q of FY 2020	1Q of FY 2021
	（April 1, 2020 ~ June 30, 2020）	（April 1, 2021 ~ June 30, 2021）
	Results	Year on year(%)	Results	Year on year(%)
Net sales	92,528	96.5	*	104.2
96,423
Operating profit	11,046	110.7	11,614	105.1
Ordinary profit	17,710	129.0	16,469	93.0
Profit attributable to	11,419	132.3	11,742	102.8
owners of parent

• "Accounting Standard for Revenue Recognition" was applied from FY2021 and Net sales decreased
  2,061 million yen.

(2) Breakdown of Share of profit of entities accounted for using equity method

				（Millions of yen）
	1Q of FY 2020	1Q of FY 2021
	（April 1, 2020 ~ June 30, 2020）	（April 1, 2021 ~ June 30, 2021）
	Results	Year on year(%)	Results	Year on year(%)
Share of profit of
entities accounted for	911	81.5	2,230	244.7
using equity method

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