Supplementary Materials: Financial Results for the Fiscal Year Ended
December 31, 2020
February 10, 2021
(TSE: 2216)
Index
Page
◼ | (Supplementary Materials 1) 【Summary of Financial Results】 | - | 1 |
◼ | (Supplementary Materials 2)【Non-consolidated Statements of Income】 | ||
- | 2 | ||
◼ | (Supplementary Materials 3)【Financial Indicators FY2016-FY2021/Plan】 | - | 3 |
◼ | (Supplementary Materials 4)【Market Trends】 | - | 4 |
◼ | (Supplementary Materials 5) | ||
- | 5 | ||
【Hard Candy+ Gummy Market Trends by Business Category】 | |||
◼ | (Supplementary Materials 6)【IR News Jan. 2020 to Feb. 2021】 | - | 6 |
(Supplementary Materials 1) 【Summary of Financial Results】
Quarterly
Unit: Million yen | ||||||||||||
FY2019 | FY2020 | FY2019 vs. FY2020 | ||||||||||
Q1 | Q2 | Q3 | Q4 | Full year | Q1 | Q2 | Q3 | Q4 | Full year | YoY | YoY% | |
Net sales | 5,943 | 5,845 | 5,082 | 7,167 | 24,039 | 6,112 | 5,040 | 5,001 | 7,166 | 23,321 | (717) | (3.0)% |
Operating income | 399 | 100 | (194) | 618 | 923 | 439 | (95) | (173) | 665 | 836 | (87) | (9.5)% |
Ordinary income | 398 | 107 | (124) | 626 | 1,007 | 439 | (88) | (161) | 670 | 860 | (146) | (14.6)% |
Net income | 254 | (17) | (88) | 503 | 651 | 333 | (94) | (96) | 467 | 610 | (41) | (6.4)% |
*Quarterly results are simple differences.
1H/2H
Unit: Million yen | ||||||||
FY2020 (Results) | FY2021 (Plan) | FY2020 vs. FY2021 | ||||||
1H | 2H | Full year | 1H | 2H | Full year | 1H | 2H | |
Net sales | 11,152 | 12,168 | 23,321 | 11,700 | 12,900 | 24,600 | 4.9% | 6.0% |
Operating income | 344 | 492 | 836 | 270 | 570 | 840 | (21.6)% | 15.8% |
Ordinary income | 351 | 509 | 860 | 280 | 580 | 860 | (20.3)% | 13.8% |
Net income | 239 | 371 | 610 | 150 | 440 | 590 | (37.3)% | 18.6% |
*Results and plan for each half are simple differences.
Composition of sales
FY2019
Hard candyGummiesHealthy snacks
FY2020
Hard candyGummiesHealthy snacks
1
(Supplementary Materials 2) 【Non-consolidated Statements of Income】
【Unit: Million yen】
Account items | FY2019 | FY2020 | FY2019 vs. FY2020 | |||
Amount | % | Amount | % | YoY | YoY% | |
Net sales | 24,039 | 100.0% | 23,321 | 100.0% | (717) | (3.0)% |
Cost of sales | 12,680 | 52.7% | 12,457 | 53.4% | (222) | (1.8)% |
Gross profit | 11,358 | 47.3% | 10,863 | 46.6% | (494) | (4.4)% |
Freight/warehousing costs Sales promotion expenses Advertising expenses Agent fees Selling expenses Personnel expenses General expenses General and administrative expenses Selling, general and administrative expenses | 1,385 838 384 3,195 | 5.8% 3.5% 1.6% 13.3% | 1,353 681 360 3,139 | 5.8% 2.9% 1.5% 13.5% | (32) (157) (24) (55) | (2.3)% (18.8)% (6.3)% (1.8)% |
5,804 | 24.1% | 5,534 | 23.7% | (270) | (4.7)% | |
3,025 1,604 | 12.6% 6.7% | 3,076 1,415 | 13.2% 6.1% | 51 (188) | 1.7% (11.8)% | |
4,629 | 19.3% | 4,492 | 19.3% | (137) | (3.0)% | |
10,434 | 43.4% | 10,027 | 43.0% | (407) | (3.9)% | |
Operating income | 923 | 3.8% | 836 | 3.6% | (87) | (9.5)% |
Non-operating income Non-operating expenses Non-operating income and expenses | 97 | 0.4% | 36 | 0.2% | (61) | (62.8)% |
13 | 0.1% | 11 | 0.1% | (1) | (13.4)% | |
83 | 0.3% | 24 | 0.1% | (59) | (70.9)% | |
Ordinary income | 1,007 | 4.2% | 860 | 3.7% | (146) | (14.6)% |
Gain on sales of non-current assets Gain on sales of investment securities Extraordinary income Loss on retirement of non-current assets Impairment loss Loss on sales of investment securities Extraordinary losses Extraordinary income and losses | 1 10 | 0.0% 0.0% | - 74 | - 0.3% | (1) 64 | - 594.9% |
12 | 0.1% | 74 | 0.3% | 62 | 499.0% | |
1 136 0 | 0.0% 0.6% 0.0% | 0 25 0 | 0.0% 0.1% 0.0% | (0) (111) (0) | (51.4)% (81.6)% (46.2)% | |
139 | 0.6% | 26 | 0.1% | (112) | (81.0)% | |
(126) | - | 48 | 0.2% | 175 | - | |
Income before income taxes | 880 | 3.7% | 909 | 3.9% | 28 | 3.2% |
Total income taxes | 228 | 1.0% | 298 | 1.3% | 70 | 30.6% |
Net income | 651 | 2.7% | 610 | 2.6% | (41) | (6.4)% |
*The values displayed in these materials are truncated at the million-yen level, so the totals and ratios may not always match completely.
2
(Supplementary Materials 3) 【Financial Indicators FY2016-FY2021/Plan】
Consolidated ← → Non-consolidated
(FY2021 figures planned; all others actual)
Consolidated Non-consolidated Plan | ||||||||
Fiscal Year | Unit | FY2016 | FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 |
Net sales ※1◎ | million yen | 19,716 | 21,303 | 21,301 | 22,949 | 24,039 | 23,321 | 24,600 |
Net sales YoY | % | 0.2 | 8.0 | 8.1 | 7.7 | 4.7 | (3.0) | 5.5 |
Gross profit ◎ | million yen | 8,750 | 9,791 | 9,719 | 10,934 | 11,358 | 10,863 | - |
Gross profit to net sales | % | 44.4 | 46.0 | 45.6 | 47.6 | 47.3 | 46.6 | - |
Operating income ◎ | million yen | 591 | 935 | 947 | 1,003 | 923 | 836 | 840 |
Ordinary income ◎ | million yen | 612 | 999 | 1,001 | 1,045 | 1,007 | 860 | 860 |
Ordinary income YoY | % | 104.2 | 63.4 | 49.9 | 4.4 | (3.6) | (14.6) | (0.1) |
Net income attributable to parent company ※2◎ | million yen | 500 | 447 | 593 | 1,011 | 651 | 610 | 590 |
Net income YoY | % | 476.0 | (10.6) | 8.1 | 70.3 | (35.6) | (6.4) | (3.4) |
Comprehensive income ◎ | million yen | 539 | 602 | - | - | - | - | - |
Net assets ◎ | million yen | 9,736 | 10,003 | 9,935 | 10,656 | 10,827 | 11,175 | - |
Total assets ◎ | million yen | 17,947 | 18,275 | 18,064 | 19,997 | 19,169 | 19,779 | - |
Net assets per share ※3,4 | yen | 1,343.39 | 1,395.97 | 1,386.56 | 1,487.26 | 1,535.52 | 1,584.80 | - |
Basic earnings per share ※3,4 | yen | 69.06 | 62.19 | 82.57 | 141.19 | 92.36 | 86.58 | 83.67 |
Equity ratio | % | 54.3 | 54.7 | 55.0 | 53.3 | 56.5 | 56.5 | - |
ROE | % | 5.2 | 4.5 | 6.1 | 9.8 | 6.1 | 5.5 | - |
PER | times | 21.2 | 26.1 | 19.6 | 12.2 | 17.4 | 17.4 | - |
Cash flow from operating activities ◎ | million yen | 1,970 | 1,512 | - | 949 | 2,013 | 1,442 | - |
Cash flow from investing activities ◎ | million yen | (213) | (830) | - | (1,743) | (971) | (1,572) | - |
Cash flow from financing activities ◎ | million yen | (486) | (855) | - | 271 | (1,411) | (48) | - |
Cash and cash equivalents at end of period ◎ | million yen | 2,305 | 2,132 | - | 1,800 | 1,430 | 1,253 | - |
Number of employees | persons | 515 | 521 | 485 | 542 | 578 | 601 | - |
Average numbers of temporary employees, excluded from the number of employees | persons | 174 | 146 | 120 | 118 | 121 | 132 | - |
Capital investment ◎ | million yen | 336 | 741 | - | 2,850 | 1,721 | 2,090 | - |
Depreciation ◎ | million yen | 999 | 962 | - | 933 | 1,102 | 1,182 | - |
R&D expenses ◎ | million yen | 427 | 527 | - | 603 | 664 | 629 | - |
Total number of issued shares at the end of the period ※3,4 (not including treasury shares) | number of shares | 7,247,776 | 7,165,892 | 7,165,892 | 7,165,236 | 7,051,552 | 7,051,412 | 7,051,412 |
Dividends per share ※3,5 | yen | 30 | 30 | 30 | 32.5 | 30 | 32 | 30 |
Payout ratio | % | 43.4 | 48.2 | 36.3 | 23.0 | 32.5 | 37.0 | 35.9 |
◎: *金Th額eはva百lu万es円di未sp満laをye切d りin捨thてes表e 示maしtてerおialりs まarすe 。truncated at the million-yen level. *1: Net sales do not include consumption taxes, etc.
*2: "Net income" in the non-consolidated financial statements
*3: Kanro conducted a share consolidation of common stock at a ratio of one share for five shares effective as of July 1, 2017 and a stock split of its common stock at a two-for-one ratio with the effective date of July 1, 2019. Dividends per share, net assets per share, basic earnings per share, and total number of issued shares at the end of the period (not including treasury shares) are calculated on the assumption that the share consolidation and the stock split were conducted at the beginning of FY2016.
*4: The Company's own shares remaining in the trust that were recorded as treasury shares in shareholders' equity from FY2017 onward are included in treasury shares that are deducted from the total number of issued shares at the end of the period when calculating net assets per share. In addition, these shares are included in treasury shares that are deducted when calculating the average number of shares during the period for the calculation of basic earnings per share.
*5: Dividends per share of FY2018 includes a special dividend of 2.5 yen per share.
(Supplementary Materials 4) 【Market Trends】
【Market trends】 Hard candy+Gummies sales amount (Yearly)
140.0
120.0
100.0
80.0
60.0
40.0
20.0
0.0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
【Market trends】 Hard candy+Gummies sales amount (Monthly)
Hard candy
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Jan. 2020
Unit: Billion yen
【Sales amount for Jan. to Dec. (YoY%)】
Jan. to Dec. 2019*1 | Jan. to Dec. 2020*1 | YoY%*2 | |
Hard candy | 77.7 | 72.3 | (7.0)% |
Gummies | 42.4 | 39.2 | (7.4)% |
Total | 120.1 | 111.5 | (7.1)% |
*1 INTAGE INC. SRI Hard candy and gummy markets
Gummies
Unit: Billion yen
Jun. 2020
Dec. 2020
Sales amount by type for Jan. to Dec. 2019 total and Jan. to Dec. 2020 total
*2 INTAGE INC. SRI Hard candy and gummy markets
Y-o-Y change in sales amount by type for Jan. to Dec. 2020 total
(Supplementary Materials 5)
【Hard Candy+Gummy Market Trends by Business Category】
【Business category】 Hard candy+Gummy markets YoY% (Mont | hly) |
%
Grocery storeConvenience storeDrug store
30 20 10 0
(10)
(20)
(30)
(40)
INTAGE INC. SRI Hard candy and gummy markets
Y-o-Y change in monthly sales amount by business category from Jan. to Dec. 2020
(50)
Jan. 2020 Feb. 2020 Mar. 2020 Apr. 2020 May. 2020 Jun. 2020 Jul. 2020 Aug. 2020 Sep. 2020 Oct. 2020 Nov. 2020 Dec. 2020
Unit: Billion yen
【Sales amount for Jan. to Dec. (YoY%)】
Jan. to Dec. 2019*1 | Jan. to Dec. 2020*1 | YoY%*2 | |
Grocery store | 56.4 | 55.4 | (1.9)% |
Convenience store | 39.6 | 33.2 | (16.2)% |
Drug store | 24.0 | 23.0 | (4.4)% |
Total | 120.1 | 111.5 | (7.1)% |
*1 INTAGE INC. SRI Hard candy and gummy markets
Sales amount by business category for Jan. to Dec. 2019 total and Jan. to Dec. 2020 total
*2 INTAGE INC. SRI Hard candy and gummy markets
Y-o-Y change in sales amount by business category for Jan. to Dec. 2020 total
(Supplementary Materials 6) 【IR News Jan. 2020 to Feb. 2021】
Date | Content |
Dec. 7, 2020 | [Delayed] Supplementary Materials: Financial Results for the Nine Months Ended September 30, 2020 |
Dec. 7, 2020 | [Delayed] Non-consolidated Financial Results for the Nine Months Ended September 30, 2020[Japanese GAAP] |
Nov. 27, 2020 | KANRO CORPORATE REPORT 2020 |
Sep. 29, 2020 | [Delayed] FY2020 Q2 Presentation material |
Sep. 3, 2020 | [Delayed] Supplementary Materials: Financial Results for the Six Months Ended June 30, 2020 |
Sep. 3, 2020 | [Delayed] Non-consolidated Financial Results for the Six Months Ended June 30, 2020[Japanese GAAP] |
Jun. 16, 2020 | [Delayed] Supplementary Materials: Financial Results for the Three Months Ended March 31, 2020 |
Jun. 12, 2020 | [Delayed] Non-consolidated Financial Results for the Three Months Ended March 31, 2020[Japanese GAAP] |
Mar. 26, 2020 | [Delayed] FY2019 Presentation material |
Mar. 10, 2020 | [Delayed] Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2019[Japanese GAAP] |
Please visit our site for details.
https://www.kanro.co.jp/en/ir/news.html
6
Disclaimer
Forward-looking statements related to Kanro's current plans, outlook and strategy, etc. contained within these materials are based on judgments made by Kanro management using information available at hand at the time of writing. A variety of material factors that could result in actual performance differing significantly from earnings forecasts include, but are not limited to, economic conditions, particularly trends in personal consumption, as well as the industry environment in which the company conducts its business activities.
The information contained within these materials is provided to facilitate understanding of Kanro, and does not necessarily constitute encouragement to invest.
Moreover, information contained herein is not continuously updated, and the reader should be aware that the content may be revised or withdrawn without prior notice.
Inquiries related to these materials should be directed to Kanro Inc. at tel. +81-3-3370-8811
■ Company URL: ■ QR code for the above:https://www.kanro.co.jp/en/
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KANRO Co. Ltd. published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2021 04:32:05 UTC.