Kikkoman : Flash Report for Fiscal 2017 1Q (PDF 429 KB) (Aug. 02, 2016) NEW

August 2, 2016

Consolidated Financial Results Kikkoman Corporation Flash Report for Fiscal 2017 1Q

Three-month period ended June 30, 2016

Listed company name: Kikkoman Corporation

Shares listed: Tokyo (1st Section)

Code No.: 2801

URL: http://www.kikkoman.com

Representative: Noriaki Horikiri, President and Chief Executive Officer Contact: Kazuki Usui, Corporate Officer General Manager

Corporate Communication Department

E-mail: [e-mail]

Scheduled submission date of quarterly accounting report: August 12, 2016 Scheduled date for cash dividend payments: －

Supplementary Schedules for quarter: Yes

Results briefing for quarter: No

Notes:

1. All information has been prepared in accordance with accounting principles and practices generally accepted in Japan.

2. Amounts less than ¥1 million, except for per share amounts, have been omitted in the following tables.

1. Business Performance for the Three-month Period Ended June 30, 2016 (April 1, 2016 to June 30, 2016)

2. Business Performance

   (Millions of yen)

   Net sales		Operating income		Ordinary income		Net income attributable to the parent
   Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)
   Apr. 1, 2016 -Jun. 30, 2016	98,863	(2.1)	8,469	0.8	8,653	4.7	11,073	97.3
   Apr. 1, 2015 -Jun. 30, 2015	101,027	15.1	8,401	47.9	8,261	41.2	5,613	47.8

   (Note) Comprehensive Income

   April 1, 2016 to June 30, 2016: ¥ (1,907)million (－%)

   April 1, 2015 to June 30, 2015: ¥ 10,889 million (189.8 %)

   Net income per share (yen)	Net income per share (Assuming full dilution) (yen)
   Apr. 1, 2016 -Jun. 30, 2016	57.33	－
   Apr. 1, 2015 -Jun. 30, 2015	28.74	－

3. Financial Position

   (Millions of yen)

   Total assets	Net assets	Shareholders' equity ratio
   Jun. 30, 2016	349,344	217,691	61.8%
   Mar. 31, 2016	365,671	225,675	61.2%

   (Note) Total shareholders' equity

   Year ended June 30, 2016: ¥215,747 million Year ended March 31, 2016: ¥223,684 million

4. Cash Dividends

   Cash dividends per share (yen)
   Three-month period ended	Six-month period ended	Nine-month period ended	Full year ended	Total
   Apr. 1, 2015 -Mar. 31, 2016	－	0.00	－	32.00	32.00
   Apr. 1, 2016 -Mar. 31, 2017	－
   Apr. 1, 2016 -Mar. 31, 2017 (Estimated)	16.00	－	16.00	32.00

   (Note) Revisions to dividend forecasts this quarter: None

5. Forecasts of Business Performance for the Fiscal Year Ending March 31, 2017 (April 1, 2016 to March 31, 2017)

   (Millions of yen)

   Net sales		Operating income		Ordinary income		Net income attributable to the parent		Net income per share (yen)
   Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)	Amount	Y o Y (%)
   Apr. 1, 2016- Sep.30, 2016	198,500	(2.1)	16,200	(4.4)	14,600	(8.5)	14,500	38.3	75.07
   Apr.1, 2016- Mar.31, 2017	403,500	(1.2)	31,500	(3.4)	29,000	(6.5)	24,000	20.2	124.26

   (Note) Revisions to recently announced forecasts of business performance: None

   [Notes]

6. Changes in important subsidiaries during the first three months (Changes in certain specific subsidiaries resulting in a revised scope of consolidation): No

7. Application of special accounting methods in preparation for the consolidated quarterly financial statements: Yes

   (Note) For details, please refer to the attachments to this report, Page 9, 2.Summary Information (Notes),

8. Application of Special Accounting Methods in Preparation for the Consolidated Quarterly Financial Statements.

9. Changes in accounting policy, changes in accounting estimates and restatement of revisions

   ① Changes in accounting policy associated with accounting standard revisions: None

   ② Changes in accounting policy other than those in ① above: None

   ③ Changes in accounting estimates: None

   ④ Restatement of revisions: None

10. Issued and outstanding shares (common stock)

11. ①Shares issued and outstanding at end of period (including treasury stock)

    June 30, 2016 － 210,383,202 shares March. 31, 2016 － 210,383,202 shares

    ② Treasury stock at end of period

    June 30, 2016 － 17,234,553 shares March. 31, 2016 － 17,560,687 shares

    ③ Shares outstanding during the period (cumulative for period, consolidated)

    June 30, 2016 － 193,150,614 shares June 30, 2015 － 195,328,212 shares

    • Status of implementation of quarterly review procedures

      This quarterly flash report does not use quarterly review procedures based on the Financial Instruments and Exchange Law. The quarterly review procedures were being conducted for consolidated quarterly financial statements when this quarterly flash review was disclosed.

    • Explanation of appropriate use of business forecasts and other special matters (Caution Regarding Forward-looking Statements)

    Forecasts of business performance and future developments noted in this report are based on assumptions from

    information available to management at the time of disclosure and deemed reasonable at the present time. Actual results may differ significantly from forecasts. For details of business performance forecasts and guidelines for assumptions, please refer to the attachments to this report, Page 9, 1.Qualitative Information and Consolidated Financial Statements, etc., 3) Explanation of forward-looking statements, including forecasts of consolidated business performance.

    (Method for Obtaining Supplementary Schedules for Quarterly Results)

    Kikkoman will publish supplementary schedules to the first quarter results on TD-net for viewing in Japan, and on its website.