Supplementary Schedules

Consolidated Financial Results

for Q3 FY2023

Nine-months Period Ended December, 2022

IFRS

Kikkoman Corporation

Index

I. Major consolidated performance indicators

  1. Business performance
  1. Exchange rates
  2. Consolidated business performance
  3. Consolidated business performance in Japan
  4. Consolidated business performance overseas
  5. Other income (expenses) and finance income (costs)
  6. Consolidated statement of financial position

page

1

2

3

4

5

6

7

  • Forecasts throughout this document were based on the economic environment as of the time they were prepared. Kikkoman therefore wishes to caution readers that actual results may differ materially from forecasts due to a number of unpredictable factors.

I. Major consolidated performance indicators

Consolidated Results

2020.9

2021.9

2022.9

2021.3

2022.3

2023.3

Actual

Actual

Actual

Actual

Actual

Forecast

Revenue

millions of yen

212,892

248,681

305,378

439,411

516,440

596,700

YoY change

%

-

16.8

22.8

(0.0)

17.5

15.5

Business profit

millions of yen

21,950

27,634

31,751

42,650

52,273

55,100

(Business profit ratio)

%

10.3

11.1

10.4

9.7

10.1

9.2

YoY change

%

-

25.9

14.9

12.1

22.6

5.4

Operating profit

millions of yen

22,159

27,086

30,343

41,672

50,682

52,800

(Operating profit ratio)

%

10.4

10.9

9.9

9.5

9.8

8.8

YoY change

%

-

22.2

12.0

19.4

21.6

4.2

Profit before income taxes

millions of yen

22,790

29,651

32,459

43,194

54,231

56,200

(Profit before income tax ratio)

%

10.7

11.9

10.6

9.8

10.5

9.4

YoY change

%

-

30.1

9.5

14.2

25.6

3.6

Profit for the period/year attributable to owners of

millions of yen

16,278

21,367

23,292

31,159

38,903

40,700

the parent

(Ratio of profit for the period/year attributable to

%

7.6

8.6

7.6

7.1

7.5

6.8

owners of the parent to revenue)

%

-

31.3

9.0

16.1

24.9

4.6

YoY change

Comprehensive income for the period/year

millions of yen

14,508

24,398

62,413

43,919

61,686

-

attributable to owners of the parent

Basic earnings per share

yen

84.79

111.41

121.62

162.31

202.94

212.53

Diluted earnings per share

yen

-

-

-

-

-

-

Cash dividends per share

yen

-

-

-

45.00

61.00

61.00

Dividend payout ratio (consolidated)

%

-

-

-

27.7

30.1

28.7

Total equity

millions of yen

287,854

330,583

418,613

313,514

363,907

-

Equity attributable to owners of the parent

millions of yen

282,698

324,846

411,947

308,130

357,816

-

Equity attributable to owners of the parent per

yen

-

-

-

1,605.08

1,868.13

-

share

millions of yen

402,218

453,940

562,780

438,508

503,061

-

Total assets

Equity attributable to owners of the parent to total

%

70.3

71.6

73.2

70.3

71.1

-

assets

D/E ratio

%

15.1

13.8

13.0

14.6

13.1

-

Ratio of dividend to equity attributable to owners of

%

-

-

-

3.0

3.5

-

the parent (consolidated)

%

5.9

6.8

6.1

10.7

11.7

-

ROE attributable to owners of the parent

Ratio of profit before income taxes to total assets

%

5.7

6.6

6.1

10.3

11.5

-

Share price at end of period

yen

5,820

9,090

8,200

6,590

8,130

-

PER

times

-

-

-

40.6

40.1

-

Cash flows from operating activities

millions of yen

27,592

21,461

20,526

57,167

52,093

-

Cash flows from investing activities

millions of yen

(9,486)

(11,661)

(11,176)

(16,886)

(16,105)

-

Cash flows from financing activities

millions of yen

(8,352)

(9,719)

(10,678)

(15,420)

(17,900)

-

Cash and cash equivalents at end of period

millions of yen

37,645

55,849

88,526

55,678

79,229

-

Free cash flows

millions of yen

18,393

10,204

10,817

40,393

32,730

-

Free cash flows per share

yen

95.81

53.21

56.48

210.41

170.74

-

Interest-bearing debt

millions of yen

42,774

44,797

53,468

44,943

46,704

-

Capital expenditures

millions of yen

7,822

11,853

15,282

20,946

24,617

48,500

Depreciation and amortization

millions of yen

9,617

9,867

10,876

19,371

20,041

22,800

R&D costs

millions of yen

2,219

2,332

2,440

4,758

4,892

-

Net financial income (loss)

millions of yen

119

318

582

196

430

-

Average term exchange rate

yen/US$

106.68

110.18

133.46

106.17

112.86

129.19

Number of employees

people

7,620

7,700

7,768

7,645

7,686

-

Average number of temporary workers

people

-

-

-

646

633

-

Shares issued and outstanding at end of period

thousand

191,973

191,617

191,478

191,971

191,537

-

(Notes) 1. Revenue does not include consumption and other taxes.

  1. Free cash flows = Cash flows from operating activities
    - Cash used for the acquisition of property, plant and equipment and intangible assets + Cash provided from the sale of property, plant and equipment and intangible assets
  2. Interest-bearingdebt refers to all liabilities on the consolidated statement of financial position on which interest is paid
  3. Net financial income = Interest and dividend income - Interest expense
  4. Equity attributable to owners of the parent = Total equity - Share acquisition rights - Non-controlling interes
  5. D/E ratio = Interest-bearing debt/Equity attributable to owners of the parent
  6. Shares issued and outstanding at end of period is computed, excluding treasury stock.
  7. Business profit = Revenue - Cost of sales - Selling, general and administrative expenses

9. Consolidated performance indicators of the annual and six-month periods of the most recent years are indicated.

- Sup. 1 -

  1. Business performance
    1. Exchange rates

[Exchange Rates]

Current year actual

Previous year actual

Change increase (decrease)

Period

End of

Period

End of

Period

End of

average

period

average

period

%

%

average

period

(22.4-22.12)

(22.12)

(21.4-21.12)

(22.3)

US$

135.40

132.70

111.38

122.39

24.02

121.6

10.31

108.4

EURO

140.42

141.47

130.85

136.70

9.57

107.3

4.77

103.5

S$

97.80

98.76

82.72

90.49

15.08

118.2

8.27

109.1

A$

93.05

89.57

82.86

92.00

10.19

112.3

(2.43)

97.4

- Sup. 2 -

2. Consolidated business performance

Revenue

Millions of yen

Change

Change

2022.12

2021.12

excluding

increase

%

%

Actual

Actual

translation

(decrease)

difference

Japan

Soy Sauce

33,310

33,082

227

100.7

227

100.7

Food Products

38,025

42,246

(4,221)

90.0

(4,221)

90.0

Portion accounted for by

26,793

26,225

567

102.2

567

102.2

soy sauce derivative products

Beverages

33,127

34,238

(1,110)

96.8

(1,110)

96.8

Portion accounted for by

23,732

25,187

(1,455)

94.2

(1,455)

94.2

soy milk beverages

Liquor and Wine

7,932

7,026

905

112.9

905

112.9

Eliminations

(147)

(133)

(13)

-

(13)

-

Foods-Manufacturing and Sales

112,248

116,461

(4,212)

96.4

(4,212)

96.4

Others

16,572

16,179

393

102.4

393

102.4

Eliminations

(9,313)

(9,364)

51

-

51

-

Total

119,508

123,275

(3,767)

96.9

(3,767)

96.9

Overseas

Soy Sauce

90,026

71,824

18,202

125.3

4,602

106.4

Del Monte

6,025

4,514

1,510

133.5

574

112.7

Other Foods

11,170

9,439

1,730

118.3

(317)

96.6

Foods-Manufacturing and Sales

107,222

85,778

21,443

125.0

4,858

105.7

Foods-Wholesale

257,107

190,741

66,366

134.8

26,178

113.7

Eliminations

(13,856)

(11,596)

(2,259)

-

(245)

-

Total

350,473

264,923

85,549

132.3

30,792

111.6

Kikkoman (Holding Company)

14,313

13,289

1,023

107.7

1,023

107.7

Eliminations

(17,931)

(16,628)

(1,303)

-

(1,303)

-

Consolidated Total

466,363

384,860

81,502

121.2

26,744

106.9

Business profit

2022.12

2021.12

Change

Change

excluding

increase

%

%

Actual

Actual

translation

(decrease)

difference

Japan

Foods-Manufacturing and Sales

8,101

11,178

(3,077)

72.5

(3,077)

72.5

Others

1,531

1,449

81

105.6

81

105.6

Total

9,657

12,655

(2,998)

76.3

(2,998)

76.3

Overseas

Foods-Manufacturing and Sales

21,596

18,296

3,299

118.0

(14)

99.9

Foods-Wholesale

17,846

13,868

3,977

128.7

1,276

109.2

Total

39,272

32,153

7,118

122.1

1,132

103.5

Kikkoman (Holding Company)

4,255

3,975

280

107.0

280

107.0

Eliminations

(4,963)

(4,518)

(444)

-

(886)

-

Consolidated Total

48,221

44,266

3,955

108.9

(2,472)

94.4

Operating profit

46,322

43,184

3,138

107.3

(2,778)

93.6

Profit before income taxes

50,640

46,511

4,128

108.9

(2,038)

95.6

Profit for the period attributable to owners of the

36,375

33,354

3,020

109.1

(1,521)

95.4

parent

- Sup. 3 -

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Kikkoman Corporation published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 08:27:08 UTC.