Consolidated Results for the 1st Quarter of the 53rd Fiscal Year

「The group's net sales for the current interim consolidated accounting period were ¥120.853 billion, largely unchanged from the same period of the previous year, up ¥1.218 billion, or 1.0%. In terms of profit, operating profit was ¥3.969 billion, down ¥1.320 billion, or 25.0%, ordinary profit was ¥4.203 billion, down ¥1.034 billion, or 19.7%, and interim net profit attributable to owners of the parent was ¥2.638 billion, down ¥1.362 billion, or 34.1%, due to higher raw material prices and labor costs in the food-related business, as well as the impact of the suspension of operations at the Sapporo Plant.」

「Revenue for the current consolidated fiscal year was ¥233.833 billion, up ¥11.366 billion, or 5.1%, from the previous fiscal year, due to higher revenue in the domestic food-related business. In terms of earnings, although raw material costs, particularly rice, increased in the domestic food-related business, the effect of higher revenue, including the review of product specifications, helped lift operating profit to ¥7.441 billion, up ¥2.925 billion, or 64.8%, and ordinary profit to ¥7.414 billion, up ¥2.515 billion, or 51.3%.」

「Net sales and all profit measures reached new record highs」

「Revenue for the current interim consolidated accounting period was ¥119.634 billion, up ¥5.998 billion, or 5.3%, year on year, due to a review of product specifications in the group's core food-related business. In terms of earnings, although raw material costs, particularly rice, increased in the food-related business, the review of product specifications helped lift operating profit to ¥5.289 billion, up ¥1.033 billion, or 24.3%, year on year. Ordinary profit rose to ¥5.237 billion, up ¥624 million, or 13.5%, and interim net profit attributable to owners of the parent rose to ¥4 billion, up ¥1.192 billion, or 42.5%.」

「Revenue for the current interim consolidated accounting period was ¥113.636 billion, up ¥10.625 billion, or 10.3%, year on year, as new factories in Japan and overseas contributed to the group's core food-related business. In terms of earnings, operating profit fell to ¥4.256 billion, down ¥235 million, or 5.2%, year on year, due mainly to initial losses at the Iruma factory, which began operations in March. Ordinary profit fell to ¥4.613 billion, down ¥248 million, or 5.1%. Meanwhile, interim net profit attributable to owners of the parent rose to ¥2.807 billion, up ¥49 million, or 1.8%, due mainly to the absence of impairment losses.」

「[Logistics-related business] Due to a decline in the volume handled by the joint-delivery business, revenue was ¥3.196 billion, down ¥74 million, or 2.3%, year on year, and operating profit was ¥206 million, down ¥10 million, or 5.0%.」

「Under these circumstances, the group's revenue for the cumulative first quarter of the current consolidated fiscal year was ¥54.72 billion, up ¥4.933 billion, or 9.9%, year on year, as new factories in Japan and overseas contributed to its core food-related business. In terms of earnings, operating profit fell to ¥2.219 billion, down ¥150 million, or 6.3%, year on year, due mainly to initial losses at the Iruma factory, which began operations in March. Ordinary profit fell to ¥2.378 billion, down ¥37 million, or 1.6%, and quarterly net profit attributable to owners of the parent was ¥1.494 billion, unchanged from the previous year.」

「Revenue for the current consolidated fiscal year was ¥207.009 billion, up ¥12.592 billion, or 6.5%, from the previous fiscal year. In terms of earnings, although all segments were affected by higher raw material and labour costs, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥6.38 billion, up ¥1.394 billion, or 28.0%, ordinary profit to ¥6.824 billion, up ¥2.195 billion, or 47.4%, and net profit attributable to owners of the parent to ¥4.273 billion, up ¥1.462 billion, or 52.0%.」

「Revenue for the cumulative third quarter of the current consolidated fiscal year was ¥153.184 billion, up ¥6.013 billion, or 4.1%, year on year. In terms of earnings, although all segments were affected by higher raw material and labour costs, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥5.464 billion, up ¥805 million, or 17.3%, year on year. Ordinary profit rose to ¥5.858 billion, up ¥1.541 billion, or 35.7%, and quarterly net profit attributable to owners of the parent rose to ¥3.467 billion, up ¥1.102 billion, or 46.6%.」

「Revenue for the cumulative second quarter of the current consolidated fiscal year was ¥103.011 billion, up ¥5.152 billion, or 5.3%, year on year. In terms of earnings, although all segments were affected by higher raw material and labour costs, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥4.491 billion, up ¥1.115 billion, or 33.0%, year on year. Ordinary profit rose to ¥4.862 billion, up ¥1.803 billion, or 59.0%, and quarterly net profit attributable to owners of the parent rose to ¥2.758 billion, up ¥1.151 billion, or 71.7%.」

「Under these circumstances, the group's revenue for the cumulative first quarter of the current consolidated fiscal year was ¥49.786 billion, up ¥2.371 billion, or 5.0%, year on year, as recovery progressed in its core food-related business. In terms of earnings, although all segments were affected by higher raw material and labour costs and persistently high energy prices, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥2.369 billion, up ¥675 million, or 39.9%, year on year. Ordinary profit rose to ¥2.416 billion, up ¥758 million, or 45.7%, and quarterly net profit attributable to owners of the parent rose to ¥1.494 billion, up ¥223 million, or 17.6%.」

「Revenue for the current consolidated fiscal year was ¥194.416 billion, up ¥2.09 billion, or 1.1%, from the previous fiscal year. In terms of earnings, although all segments were affected by higher raw material and energy prices, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥4.985 billion, up ¥544 million, or 12.3%, from the previous fiscal year.」

「Under these circumstances, the group's revenue for the cumulative third quarter of the current consolidated fiscal year was ¥147.171 billion, up ¥2.468 billion, or 1.7%, year on year, as recovery progressed in its core food-related business. In terms of earnings, although all segments were affected by higher raw material and energy prices, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥4.659 billion, up ¥367 million, or 8.6%, year on year. Meanwhile, ordinary profit fell to ¥4.317 billion, down ¥739 million, or 14.6%, due mainly to the absence of temporary income such as subsidies related to COVID-19 and the recognition of an equity-method investment loss. Quarterly net profit attributable to owners of the parent fell to ¥2.365 billion, down ¥863 million, or 26.7%.」

「Under these circumstances, the group's revenue for the cumulative second quarter of the current consolidated fiscal year was ¥97.858 billion, up ¥1.878 billion, or 2.0%, year on year, as recovery progressed in its core food-related business. In terms of earnings, although all segments were affected by higher raw material and energy prices, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥3.376 billion, up ¥183 million, or 5.7%, year on year. Meanwhile, ordinary profit fell to ¥3.058 billion, down ¥869 million, or 22.1%, due mainly to the absence of temporary income such as subsidies related to COVID-19 and the recognition of an equity-method investment loss. Quarterly net profit attributable to owners of the parent fell to ¥1.606 billion, down ¥828 million, or 34.0%.」

「Under these circumstances, the group's revenue for the cumulative first quarter of the current consolidated fiscal year was ¥47.414 billion, up ¥356 million, or 0.8%, year on year, as recovery progressed in its core food-related business. In terms of earnings, although all segments were affected by higher raw material and energy prices, the effect of the sales recovery and the review of product specifications in the food-related business helped lift operating profit to ¥1.694 billion, up ¥338 million, or 25.0%, year on year. Ordinary profit rose to ¥1.658 billion, up ¥231 million, or 16.3%, and quarterly net profit attributable to owners of the parent rose to ¥1.271 billion, up ¥510 million, or 67.0%.」

「Revenue for the current consolidated fiscal year was ¥192.326 billion, down ¥1.983 billion, or 1.0%, from the previous fiscal year. In terms of earnings, strong overseas operations in the food-related business and the elimination of an inventory valuation loss in the ingredients-related business helped lift operating profit to ¥4.441 billion, up ¥1.109 billion, or 33.3%, ordinary profit to ¥5.035 billion, up ¥1.324 billion, or 35.7%, and net profit attributable to owners of the parent to ¥3.264 billion, up ¥2.581 billion, or 378.1%.」

「Revenue for the cumulative third quarter of the current consolidated fiscal year was ¥144.703 billion, down ¥1.614 billion, or 1.1%, year on year. In terms of earnings, partial recovery in sales in the food-related business, strong performance in overseas operations, and the absence of an inventory valuation loss in the ingredients-related business helped lift operating profit to ¥4.292 billion, up ¥1.344 billion, or 45.6%, year on year. Ordinary profit rose to ¥5.057 billion, up ¥1.744 billion, or 52.6%, and quarterly net profit attributable to owners of the parent rose to ¥3.228 billion, up ¥2.385 billion, or 282.7%.」

「Revenue for the cumulative second quarter of the current consolidated fiscal year was ¥95.98 billion, down ¥610 million, or 0.6%, year on year. In terms of earnings, partial recovery in sales and a review of product specifications in the food-related business, together with the absence of an inventory valuation loss in the ingredients-related business, helped lift operating profit to ¥3.192 billion, up ¥1.987 billion, or 164.9%, year on year, and ordinary profit to ¥3.928 billion, up ¥2.392 billion, or 155.8%. Quarterly net profit attributable to owners of the parent was ¥2.435 billion, compared with a quarterly net loss attributable to owners of the parent of ¥247 million in the same period of the previous year.」

「Revenue for the cumulative first quarter of the current consolidated fiscal year was ¥47.058 billion, up ¥728 million, or 1.6%, year on year. In terms of earnings, partial recovery in sales and a review of product specifications in the food-related business, together with the absence of an inventory valuation loss in the ingredients-related business, helped lift operating profit to ¥1.355 billion, up ¥1.14 billion, or 529.5%, year on year. Ordinary profit rose to ¥1.426 billion, up ¥1.177 billion, or 472.2%, and quarterly net profit attributable to owners of the parent rose to ¥761 million, up ¥667 million, or 706.6%.」

「Revenue for the current consolidated fiscal year was ¥194.309 billion, down ¥1.9271 billion, or 9.0%, from the previous fiscal year. In terms of earnings, despite the impact of lower revenue and the recognition of an inventory valuation loss in the ingredients-related business, operating profit rose to ¥3.332 billion, up ¥610 million, or 22.4%, from the previous fiscal year, mainly because productivity improvements from the reorganisation of factories in the food-related business contributed.」

「Under these circumstances, the group's revenue for the cumulative third quarter of the current consolidated fiscal year was ¥146.317 billion, down ¥1.5596 billion, or 9.6%, year on year, as all business segments were affected by calls for people to refrain from going out and by the stagnation of economic activity. In terms of earnings, although productivity improvements from the reorganisation of factories in the food-related business contributed, operating profit fell to ¥2.948 billion, down ¥14 million, or 0.5%, year on year, due to the impact of lower revenue and the recognition of an inventory valuation loss in the ingredients-related business. Meanwhile, ordinary profit rose to ¥3.313 billion, up ¥231 million, or 7.5%, year on year, mainly because the equity method was applied to an overseas affiliate in China whose performance was strong. In addition, quarterly net profit attributable to owners of the parent was ¥843 million, down ¥410 million, or 32.7%, year on year, due to the recognition of impairment losses and a review of the recoverability of deferred tax assets.」

「Revenue for the cumulative second quarter under review was ¥96,591 million, down ¥13,225 million, or 12.0%, year on year. Operating profit was ¥1,205 million, down ¥769 million, or 39.0%, and ordinary profit was ¥1,535 million, down ¥583 million, or 27.5%, due mainly to the impact of lower revenue and the recognition of an inventory valuation loss in the food-ingredients business. In addition, the company recorded a loss attributable to owners of the parent of ¥247 million due to the recognition of an impairment loss and a review of the recoverability of deferred tax assets, compared with profit attributable to owners of the parent of ¥674 million in the same period of the previous year.」

「Revenue for the cumulative first quarter under review was ¥46,330 million, down ¥7,954 million, or 14.7%, year on year. Operating profit was ¥215 million, down ¥900 million, or 80.7%, ordinary profit was ¥249 million, down ¥840 million, or 77.1%, and profit attributable to owners of the parent was ¥94 million, down ¥608 million, or 86.6%, due mainly to the impact of lower revenue and the recognition of an inventory valuation loss in the food-ingredients business.」

「Revenue for the consolidated fiscal year was ¥213,581 million, down ¥2,115 million, or 1.0%, year on year. Despite the impact of higher personnel expenses and other factors, operating profit was ¥2,721 million, up ¥1,195 million, or 78.3%, ordinary profit was ¥2,773 million, up ¥1,007 million, or 57.0%, and profit attributable to owners of the parent was ¥1,010 million, up ¥399 million, or 65.5%, as a review of product specifications and other measures in the food-related business contributed to results.」

「Revenue for the cumulative third quarter under review was ¥161,914 million, down ¥2,743 million, or 1.7%, year on year. Despite the impact of higher personnel expenses and other factors, operating profit was ¥2,962 million, up ¥1,301 million, or 78.3%, ordinary profit was ¥3,081 million, up ¥1,117 million, or 56.9%, and profit attributable to owners of the parent was ¥1,254 million, up ¥437 million, or 53.6%, as a review of product specifications and other measures in the food-related business contributed to results.」

「Revenue for the cumulative second quarter under review was ¥109,816 million, down ¥1,758 million, or 1.6%, year on year. Despite the impact of higher personnel expenses and other factors, operating profit was ¥1,974 million, up ¥279 million, or 16.5%, and ordinary profit was ¥2,118 million, up ¥107 million, or 5.3%, as a review of product specifications and other measures in the food-related business contributed to results. Meanwhile, profit attributable to owners of the parent was ¥674 million, down ¥226 million, or 25.1%, due to a ¥226 million increase in tax expenses.」

「Revenue for the cumulative first quarter under review was ¥54,284 million, down ¥176 million, or 0.3%, year on year. Although a review of product specifications in the food-related business contributed to results, operating profit was ¥1,115 million, down ¥0 million, or 0.1%, ordinary profit was ¥1,089 million, down ¥30 million, or 2.8%, and profit attributable to owners of the parent was ¥703 million, down ¥13 million, or 1.8%, due mainly to the impact of higher personnel expenses.」

「Operating profit was ¥1,526 million, down ¥2,205 million, or 59.1%, ordinary profit was ¥1,766 million, down ¥2,256 million, or 56.1%, and profit attributable to owners of the parent was ¥610 million, down ¥1,483 million, or 70.9%, due mainly to higher personnel expenses, logistics costs and energy prices.」

「Revenue for the cumulative third quarter under review was ¥164,657 million, down ¥1,680 million, or 1.0%, year on year. Operating profit was ¥1,661 million, down ¥2,278 million, or 57.8%, ordinary profit was ¥1,963 million, down ¥2,317 million, or 54.1%, and profit attributable to owners of the parent was ¥816 million, down ¥1,743 million, or 68.1%, due mainly to higher personnel expenses, logistics costs and energy prices.」

「Operating profit was ¥1,116 million, down ¥486 million, or 30.3%, ordinary profit was ¥1,120 million, down ¥490 million, or 30.5%, and profit attributable to owners of the parent was ¥716 million, down ¥366 million, or 33.8%, due mainly to the impact of higher labor costs and other factors.」

「Revenue for the consolidated fiscal year was ¥219,103 million, up ¥4,797 million, or 2.2%, year on year. Operating profit was ¥3,731 million, down ¥367 million, or 9.0%, and ordinary profit was ¥4,023 million, down ¥281 million, or 6.5%, due to the impact of higher material and labor costs.」

「Revenue for the cumulative third quarter under review was ¥166,338 million, up ¥3,613 million, or 2.2%, year on year. Operating profit was ¥3,939 million, down ¥148 million, or 3.6%, and ordinary profit was ¥4,281 million, down ¥41 million, or 1.0%, due to the impact of higher material and labor costs. Meanwhile, profit attributable to owners of the parent was ¥2,559 million, up ¥342 million, or 15.5%, due to lower tax expenses.」

「Revenue for the cumulative second quarter under review was ¥112,300 million, up ¥2,641 million, or 2.4%, year on year. Operating profit was ¥3,211 million, up ¥184 million, or 6.1%, ordinary profit was ¥3,576 million, up ¥288 million, or 8.8%, and profit attributable to owners of the parent was ¥2,147 million, up ¥502 million, or 30.6%, mainly due to the benefit of higher revenue.」

「Revenue for the cumulative first quarter under review was ¥54,364 million, up ¥1,343 million, or 2.5%, year on year. Despite the benefit of higher revenue, operating profit was ¥1,602 million, up ¥54 million, or 3.5%, ordinary profit was ¥1,611 million, up ¥49 million, or 3.2%, and profit attributable to owners of the parent was ¥1,082 million, up ¥98 million, or 10.1%, mainly due to higher personnel expenses.」

「Revenue for the consolidated fiscal year was ¥214,305 million, up ¥5,158 million, or 2.5%, year on year. Operating profit was ¥4,099 million, up ¥1,011 million, or 32.8%, ordinary profit was ¥4,304 million, up ¥968 million, or 29.0%, and profit attributable to owners of the parent was ¥2,281 million, up ¥852 million, or 59.7%, mainly due to a reduction in the initial losses at the Iwate plant, which began operations in the previous fiscal year.」

「Revenue was ¥162,725 million, up ¥3,394 million, or 2.1%, year on year. Operating profit was ¥4,088 million, up ¥1,170 million, or 40.1%, ordinary profit was ¥4,322 million, up ¥1,119 million, or 35.0%, and profit attributable to owners of the parent was ¥2,217 million, up ¥25 million, or 1.1%, mainly due to a reduction in the initial losses at the Iwate plant, which began operations in the previous fiscal year.」

「Revenue for the cumulative second quarter under review was ¥109,658 million, up ¥1,227 million, or 1.1%, year on year. Operating profit was ¥3,027 million, up ¥640 million, or 26.8%, and ordinary profit was ¥3,287 million, up ¥610 million, or 22.8%, mainly due to a reduction in the initial losses at the Iwate plant, which began operations in May last year. Meanwhile, profit attributable to owners of the parent was ¥1,644 million, down ¥246 million, or 13.0%, year on year, due to a ¥538 million increase in tax expenses.」

「Revenue was ¥53,020 million, up ¥243 million, or 0.5%, year on year. Operating profit was ¥1,547 million, up ¥248 million, or 19.2%, and ordinary profit was ¥1,561 million, up ¥248 million, or 18.9%, mainly because initial operating expenses at the Iwate plant, which began operations in May last year, had been eliminated.」