Ichimasa Kamaboko : Consolidated Financial Results for the Fiscal Year Ended June 30, 2022

Consolidated Financial Results

for the Fiscal Year Ended June 30, 2022

[Japanese GAAP]

August 5, 2022

Company name: ICHIMASA KAMABOKO Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange

Code number: 2904

URL: https://www.ichimasa.co.jp/global/en/

Representative: Masahiro Nozaki, President & CEO

Contact: Masaki Takashima, Director and Managing Executive Officer, General Manager of Corporate Planning Department

Phone: [phone]

Scheduled date of general shareholders' meeting: September 28, 2022

Scheduled date of commencing dividend payments: September 29, 2022

Scheduled date of filing securities report: September 22, 2022

Availability of supplementary explanatory materials on annual financial results: Available

Schedule of annual financial results briefing session: Scheduled (for analysts and institutional investors)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended June 30, 2022 (July 1, 2021 - June 30, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2022	31,636	－	545	(68.5)	623	(65.5)	565	(78.9)
	June 30, 2021	34,689	(3.8)	1,735	(8.1)	1,806	(3.3)	2,683	961.8

(Note) Comprehensive income: Fiscal year ended June 30, 2022: ¥509 million [(80.1) %] Fiscal year ended June 30, 2021: ¥2,555 million [889.9 %]

	Basic earnings	Diluted		Return on	Ratio of	Ratio of
	earnings		ordinary profit	operating profit
	per share		equity
	per share		to total assets	to net sales
Fiscal year ended	Yen		Yen	%	%	%
June 30, 2022	30.73		－	4.1	2.6	1.7
June 30, 2021	145.62		－	21.7	8.2	5.0

(Reference) Equity in earnings of affiliated companies:	Fiscal year ended June 30, 2022: ¥15 million
				Fiscal year ended June 30, 2021: ¥9 million
(2) Consolidated Financial Position
		Total assets		Net assets	Equity ratio	Net assets per share
		Million yen		Million yen	%	Yen
	As of June 30, 2022	25,296		13,862	54.8	754.33
	As of June 30, 2021	22,216		13,585	61.2	737.07

(Reference) Equity: As of June 30, 2022: ¥13,862 million As of June 30, 2021: ¥13,585 million

(3) Consolidated Cash Flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents

operating activities

investing activities

financing activities

at year-end

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

June 30, 2022

1,802

(2,222)

1,413

2,282

June 30, 2021

2,416

(688)

(1,821)

1,286

2. Dividends

Annual dividends

Total

Ratio of

Payout ratio

dividends to

1st

2nd

3rd

Year-

dividends

quarter-

quarter-

quarter-

Total

(consolidated)

net assets

end

(annual)

end

end

end

(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

Fiscal year ended

-

0.00

-

10.00

10.00

185

6.9

1.5

June 30, 2021

Fiscal year ended

-

0.00

-

12.00

12.00

222

39.0

1.6

June 30, 2022

Fiscal year ending

June 30, 2023

-

0.00

-

12.00

12.00

-

(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2023 (July 1, 2022 - June 30, 2023)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit	to owners of
		per share
							parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
First half	19,500	10.8	900	15.8	900	8.3	650	3.0	35.37
Full year	35,400	11.9	1,300	138.1	1,300	108.6	850	50.3	46.25

* Notes:

1. Changes in significant subsidiaries during the fiscal year under review (Changes in specified subsidiaries resulting in changes in scope of consolidation): None

Newly included: - (

), Excluded: - (

)

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
3. Total number of issued and outstanding shares (common shares)
4. 1. Total number of issued and outstanding shares at the end of the year (including treasury shares):

As of June 30, 2022:	18,590,000 shares
As of June 30, 2021:	18,590,000 shares
2) Total number of treasury shares at the end of the year:
As of June 30, 2022:	212,088 shares
As of June 30, 2021:	158,688 shares
3) Average number of shares during the year:
Fiscal year ended June 30, 2022:	18,397,220 shares
Fiscal year ended June 30, 2021:	18,429,926 shares

(Note) For the number of shares used as the basis for calculating basic earnings per share (consolidated), please refer to "3. Consolidated Financial Statements and Principal Notes (5) Notes to Consolidated Financial Statements (Per share information)" on page 19 of the attachment.

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended June 30, 2022 (July 1, 2021 - June 30, 2022)

(1) Non-consolidated Operating Results			(% indicates changes from the previous corresponding period.)
		Net sales			Operating profit	Ordinary profit	Profit
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2022	31,145		－	507	(70.7)	641	(65.9)	606	(76.5)
	June 30, 2021	34,032	(3.4)	1,734	(12.5)	1,882	(11.2)	2,583	64.6
		Basic earnings		Diluted earnings
		per share			per share
	Fiscal year ended	Yen			Yen
	June 30, 2022	32.95			－
	June 30, 2021	140.19			－

(2) Non-consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of June 30, 2022	24,525	13,258	54.1	721.42
As of June 30, 2021	21,474	13,009	60.6	705.82

(Reference) Equity: As of June 30, 2022: ¥13,258 million As of June 30, 2021: ¥13,009 million

• These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
• Explanation of the proper use of financial results forecast and other notes

(Cautionary notes regarding forward-looking statements)

The financial results forecasts and other forward-looking statements contained herein are based on the information available to the Company and certain assumptions deemed reasonable as of the date of this report and do not constitute a promise by the Company to achieve these forecasts. Actual results may be significantly different from these forecasts due to various factors. For the assumptions on which the financial results forecasts are based and the cautions and other related matters to consider when using thereof, please refer to "1. Overview of Operating Results, etc. (4) Future Outlook" on page 5 of the attachment.

Table of Contents - Attachments

1. Overview of Operating Results, etc. ........................................................................................................2

(1)	Overview of Operating Results for the Fiscal Year under Review	......................................................2
(2)	Overview of Financial Position for the Fiscal Year under Review	.....................................................4
(3)	Overview of Cash Flows for the Fiscal Year under Review ................................................................	4
(4)	Future Outlook ....................................................................................................................................	5
2. Basic Stance Concerning Choice of Accounting Standards ....................................................................	6
3. Consolidated Financial Statements and Principal Notes .........................................................................	7
(1)	Consolidated Balance Sheets ..............................................................................................................	7
(2)	Consolidated Statements of Income and Comprehensive Income	......................................................9
	Consolidated Statements of Income ....................................................................................................	9
	Consolidated Statements of Comprehensive Income ........................................................................	10
(3)	Consolidated Statements of Changes in Equity ................................................................................	11
(4)	Consolidated Statements of Cash Flows ...........................................................................................	13
(5)	Notes to Consolidated Financial Statements .....................................................................................	15
	(Notes on going concern assumption) ..........................................................................................	15
	(Changes in accounting policies) ..................................................................................................	15
	(Segment information, etc.) ..........................................................................................................	16
	(Per share information) .................................................................................................................	19
	(Significant subsequent events) ....................................................................................................	19

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