Consolidated Financial Results

for the Second Quarter

of the Fiscal Year Ending Mar. 31, 2022

TSE 1st Section : Ticker 7780

Menicon Co., Ltd.

November 12, 2021

Copyright: Menicon Co., Ltd. All rights reserved.

Table of Contents

I. Summary of Consolidated Financial Results for FY2021 2Q

. Forecast of Consolidated Financial Results

for FY2021

. Growth Strategies

Copyright: Menicon Co., Ltd. All rights reserved.

I. Summary of Consolidated Financial Results

for FY2021 2Q

Copyright: Menicon Co., Ltd. All rights reserved.

Key Factors

  • Financial Results for FY2021 2Q (Six Months Ended)

Net sales

: YoY +JPY 6.87 bn / +16.6% (Increase in Sales)

  • With the addition of sales bases in China (Itabashi Trading Group), the overseas sales growth
  • Overseas sales: JPY 6.79 bn → JPY 11.70 bn (+72.4%)
  • Overseas sales ratio: 16.4% → 24.2%

Gross profit : YoY +JPY 3.69 bn / +16.7% (Increase in Profit)

Cost to sales ratio: 46.7% → 46.7%

Operating profit: YoY +JPY 0.56 bn / +12.5% (Increase in Profit)

Operating profit ratio: 10.8% → 10.5%

3

Copyright: Menicon Co., Ltd. All rights reserved.

Key Factors

  • Vision care sales ...

Japan : Increase in average spend per customer due to an increase in MELS Plan members of Daily disposable contact lenses

Overseas: Increase in sales volume of Orthokeratology lenses and Lens care products mainly in Asia (China)

  • Healthcare and life care sales ...

Addition of Food business (Itabashi Trading became a wholly owned subsidiary in January 2021)

JPY bn

Net sales (2Q)

YoY

Sales Growth : YoY 16.6%

60

+25.0%

483

428

415

+16.6%

381

400

40

330

349

+15.0%

+9.3%

20

+5.0%

+6.8%

+5.7%

+5.0%

3.0%

0

FY2015 2Q

FY2016 2Q

FY2017 2Q

FY2018 2Q

FY2019 2Q

FY2020 2Q

FY2021 2Q

MELS Plan

Product sales*

Helthcare and life care

YoY

5.0%

4

*Product sales: Sales of contact lenses and Lens care products

Copyright: Menicon Co., Ltd. All rights reserved.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Menicon Co. Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 05:06:08 UTC.