Supplementary Materials:
Financial Results for the Nine Months Ended
September 30, 2021
October 29, 2021
(TSE: 2216)
Index
Page | |
Review for the Nine Months Ended September 30, 2021 | - 1-4 |
(Supplementary Materials 1) 【Summary of Financial Results】 | - 5 |
- (Supplementary Materials 2)【Non-consolidated Statements of Income/Nine
Months Ended September 30】 | - | 6 | |
| (Supplementary Materials 3)【Financial Indicators FY2016-FY2021/Plan】 | - | 7 |
| (Supplementary Materials 4)【Market Trends】 | - | 8 |
| (Supplementary Materials 5) | - | 9 |
【Hard Candy+ Gummy Markets Trends by Business Category】 | |||
| (Supplementary Materials 6)【IR News Oct. 2020 to Sep. 2021】 | - | 10 |
Review for FY2021 Q3
(Jan. to Sep. 2021)
1
FY2021 Q3 Overview
◆Market environment
- In the nine months ended September 30, 2021(Jan.-Sep.), the candy market declined 5.1% over the previous year.
(Breakdown: Hard candy was down 9.0%, gummies were up 9.1%, tablet candy was down 13.2%, and others were down 4.5%.) *1
- Led by gummies, the candy market overall is currently on a recovery track.
◆Status of company business
- Revenue and income rose over the previous year (net sales rose 9.2%, operating income was up 200.1%, ordinary income increased 186.1%, and net income grew 205.4%).
- Candy category: Throat drops were sluggish due to the mask-wearing lifestyle, and candy in stick-shaped, compact packaging also struggled due to a continued decline in demand for candy in offices and spending on outings. Accordingly, revenue fell despite an increase in sales of products such as Kinno Milk candy, which launched a new flavor.
- Gummy category: Significant sales growth in excess of market recovery was achieved thanks to strong demand for mainstay brands such as Puré Gummy and Candemina as well as favorable reception of new products such as Marosh, which offers a new taste sensation.
- Market share increase (Jan.-Sep.; figures in brackets indicate results in previous year): Hard candy (20.4% [19.1%])*2, gummies
(17.5% [16.4%])*3 | *1 | (Source) INTAGE Inc. SRI+ Candy and caramel YoY change in sales amount by type |
*2 | (Source) INTAGE Inc. SRI+ Hard candy | |
*3 | (Source) INTAGE Inc. SRI+ Gummies | |
2
1
Summary of FY2021 Q3 Performance
Unit:Million yen | |||||
FY2021 Q3 | FY2020 Q3 | ||||
Actual | Actual | YoY | YoY% | ||
Net sales | 17,639 | 16,154 | 1,485 | 9.2% | |
Operating income | 512 | 170 | 341 | 200.1% | |
Ordinary income | 543 | 189 | 353 | 186.1% | |
Net income | 435 | 142 | 293 | 205.4% | |
3
Summary of Revised Full-Year Performance
Unit:Million yen
FY2021 | FY2020 | FY2021 | ||||
Revised | Actual | YoY | YoY% | Full-year forecast*2 | Rate of | |
forecast*1 | change | |||||
Net sales | 25,300 | 23,321 | 1,978 | 8.5% | 24,700 | 2.4% |
Operating income | 1,160 | 836 | 323 | 38.7% | 870 | 33.3% |
Ordinary income | 1,200 | 860 | 339 | 39.4% | 900 | 33.3% |
Net income | 880 | 610 | 269 | 44.1% | 660 | 33.3% |
Basic earnings per | 124.80 | 86.58 | 38.22 | 44.1% | 93.60 | 33.3% |
share (Unit: yen) | ||||||
*1: Announced on Oct. 29, 2021 *2: Announced on June 24, 2021
4
2
Overview of Selling, General and Administrative Expenses in FY2021 Q3
Unit:Million yen | |||||||||
FY2021 Q3 | FY2020 Q3 | FY2021 | |||||||
Actual | YoY | YoY% | Actual | 1H Actual | Full-year forecast | ||||
Net sales | 17,639 | 1,485 | 9.2% | 16,154 | 11,640 | 25,300 | |||
Cost of sales | 9,280 | 494 | 5.6% | 8,785 | 6,040 | - | |||
Freight/warehousing | 1,067 | 99 | 10.2% | 968 | 686 | - | |||
costs | |||||||||
Sales promotion | 589 | 119 | 25.3% | 470 | 402 | - | |||
expenses | |||||||||
Advertising | 236 | (3) | (1.3) % | 239 | 157 | - | |||
expenses | |||||||||
Agent fees | 2,352 | 168 | 7.7% | 2,184 | 1,556 | - | |||
Personnel expenses | 2,477 | 186 | 8.2% | 2,290 | 1,605 | - | |||
General expenses | 1,124 | 79 | 7.6% | 1,045 | 754 | - | |||
Operating income | 512 | 341 | 200.1% | 170 | 436 | 1,160 | |||
5
Factors of changes in OP (FY2020 Q3 VS. FY2021 Q3)
Unit: million yen
Increase factors
Decrease factors
(V) : Variable cost
(F) : Fixed cost
FY 2020 Q3 Result 170
FY 2021 Q3 Result 512
6
3
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KANRO Co. Ltd. published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 04:59:01 UTC.