Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
For the Three Months ended June 30, 2022 (Q1 FY2023)
(IFRS)
August 12, 2022
Company name: TORIDOLL Holdings Corporation
Stock exchange listing: Tokyo Stock Exchange
Stock code: 3397
URL: https://www.toridoll.com
Representative: Takaya Awata, President, Representative Director
Inquiries: Satoshi Yamaguchi, Executive officer CFO, Head of Finance Division and Finance Department
TEL: +81-3-4221-8900
Date of release of quarterly securities report: August 12, 2022
Starting date of dividend payments: -
Preparation of explanatory materials on quarterly financial results: Yes
Information meetings arranged related to quarterly financial results: No
(Amounts are rounded to the nearest million) | |||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 | |||||||||||||||
(1) Consolidated Operating Results | (% figures denote year-on-year change) | ||||||||||||||
Revenue | Business profit | Operating profit | Profit before tax | Profit for the | |||||||||||
period | |||||||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | ||||||
of yen | of yen | of yen | of yen | of yen | |||||||||||
Three months ended | 43,816 | 17.1 | 2,846 | 44.9 | 4,691 | (1.6) | 5,352 | 19.2 | 3,788 | 27.9 | |||||
June 30, 2022 | |||||||||||||||
Three months ended | 37,420 | 37.1 | 1,964 | ― | 4,769 | ― | 4,491 | ― | 2,961 | ― | |||||
June 30, 2021 | |||||||||||||||
Profit for the period | Comprehensive income | Earnings per share | Earnings per share | ||||||||||||
attributable to owners | attributable to owners | attributable to owners of | |||||||||||||
for the period | |||||||||||||||
of the parent | of the parent (basic) | the parent (diluted) | |||||||||||||
Millions of | % | Millions of | % | Yen | Yen | ||||||||||
yen | yen | ||||||||||||||
Three months ended | 3,622 | 21.5 | 10,242 | 203.2 | 40.62 | 40.34 | |||||||||
June 30, 2022 | |||||||||||||||
Three months ended | 2,980 | ― | 3,377 | ― | 33.39 | 33.16 | |||||||||
June 30, 2021 | |||||||||||||||
(Reference) EBITDA (*) |
Three months ended June 30, 2022: ¥ 8,672 million (increased 27.0% year-on-year basis)
Three months ended June 30, 2021: ¥ 6,828 million
Adjusted EBITDA
Three months ended June 30, 2022: ¥ 8,845 million (increased 23.5% year-on-year basis)
Three months ended June 30, 2021: ¥ 7,163 million
(*) The Company discloses EBITDA as comparative information.
EBITDA = Operating Profit + Other Operating Expenses - Other Operating Income + Depreciation + Amortization
Adjusted EBITDA = EBITDA + Impairment Loss + Extraordinary Expenses
(2) Consolidated Financial Position
Equity | Equity | Equity per | |||
share | |||||
attributable to | attributable to | ||||
Total assets | Total equity | attributable to | |||
owners of | owners of | ||||
owners of | |||||
parent | parent ratio | ||||
parent | |||||
Millions of yen | Millions of yen | Millions of yen | % | Yen | |
As of June 30, 2022 | 246,703 | 79,680 | 70,690 | 28.7 | 813.45 |
As of March 31, 2022 | 240,840 | 69,978 | 62,024 | 25.8 | 714.46 |
2. Dividends
Annual dividend per share | |||||||||||||||||||||
Q1 | Q2 | Q3 | Year-end | Total | |||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||
Fiscal Year ended March 31, 2022 | ― | 0.00 | ― | 7.50 | 7.50 | ||||||||||||||||
Fiscal Year ended March 31, 2023 | ― | ||||||||||||||||||||
Fiscal Year ending March 31, 2023 | 0.00 | ― | 7.50 | 7.50 | |||||||||||||||||
(Forecast) | |||||||||||||||||||||
3. Consolidated Financial Result Forecasts for the Fiscal Year Ending March 31, 2023 | |||||||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||||||
Revenue | Business profit | Operating profit | Profit before tax | Profit for the period | |||||||||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | ||||||||||||
of yen | of yen | of yen | of yen | of yen | |||||||||||||||||
1st half | 86,500 | 12.9 | 3,200 | (19.8) | 2,700 | (67.1) | 1,800 | (76.7) | 1,100 | (79.5) | |||||||||||
Fiscal year | 177,000 | 15.4 | 6,200 | 14.2 | 4,000 | (71.9) | 2,700 | (80.6) | 1,800 | (80.5) | |||||||||||
Profit for the period | Earnings per share | ||||||||||||||||||||
attributable to owners of | attributable to owners of | ||||||||||||||||||||
the parent | the parent (basic) | ||||||||||||||||||||
Millions of yen | % | Yen | |||||||||||||||||||
1st half | 900 | (83.3) | 8.14 | ||||||||||||||||||
Fiscal year | 1,300 | (85.5) | 10.52 |
- Notes
-
Changes in significant subsidiaries during the period
(changes in specified subsidiaries resulting in the change in scope consolidation): Yes
New: 1 company (Company name: Toridoll and Heyi Holding Limited)
Excluded: - - Changes in accounting policies and accounting estimates
- Changes in accounting policies as required by IFRS: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
(3) Number of shares outstanding (ordinary shares)
1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022 | 87,752,352 shares |
As of March 31, 2022 | 87,663,352 shares |
2) Number of treasury shares at the end of the period
As of June 30, 2022 | 851,372 shares | |
As of March 31, 2022 | 851,372 shares | |
3) Average number of shares during the period | ||
Three months ended June 30, 2022 | 86,794,579 shares | |
Three months ended June 30, 2021 | 86,356,651 shares |
*Summary quarterly financial statements are not subject to quarterly review by a public certified accountant or an auditing firm.
-
Appropriate use of financial results forecasts and other notes
The forward-looking statements in this report are based upon various assumptions, including, without limitation, business forecasts, management's estimates, assumptions, and projections at the time of publication. These statements do not represent a promise or commitment by the Company to achieve these forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors.
1. Qualitative Information Concerning Financial Results for the First Quarter of FY2023
- Explanation of Operating Results a. Consolidated Business Performance
During the first quarter of the consolidated fiscal year under review (April 1 to June 30, 2022,) the business environment surrounding the Group continued to be affected by the pandemic, though the situations vary by country and region. In Japan, we saw a significant increase in travel and tourism compared to the same quarter last year when the government declared a state of emergency followed by a quasi-state of emergency. At the same time, many countries have started relaxing rules, including lockdown measures. On the other hand, global uncertainty is reaching unprecedented levels as the prices of raw materials and energy costs continue to climb.
Given this environment, the Group has been taking measures to reach and engage with our target market while beefing up our takeaway offerings and product mix. Simultaneously, we started a rebranding process to expand our international reach to new markets as we move forward with our aggressive expansion into international markets, especially in Asia.
As a result, the revenue increased across all segments (Marugame Seimen, Overseas, and Other segments) by 17.1% year-on-year to ¥43,816 million.
The jump in revenue offset the increase in SG&A expenses. Business profit* soared by 44.9% year- on-year to ¥2,846 million, as Marugame Seimen and Other segments enjoyed a significant increase in profit.
Although operating profit** decreased slightly by 1.6% year-on-year to ¥4,691 million, quarterly profit attributable to owners of the parent increased by 21.5% year-on-year to ¥3,622 million. As a result, we achieved yet another strong quarter, with the highest Q1 operating profit and quarterly profit on record.
(Millions of yen) | ||||
Q1 FY2022 | Q1 FY2023 | Year-on-year change | ||
Amount | Percentage | |||
Revenue | 23,478 | 25,289 | +1,811 | +7.7% |
Business profit* | 9,407 | 12,695 | +3,288 | +35.0% |
Operating profit** | 4,536 | 5,832 | +1,297 | +28.6% |
Profit for the period | 37,420 | 43,816 | +6,396 | +17.1% |
attributable to | ||||
owners of the parent | ||||
(Notes)
- Business profit is calculated by deducting the cost of goods sold and selling, general and administrative expenses from revenue.
- Operating profit is calculated by adding other operating income to and deducting impairment losses and other operating expenses from business profit
- 1 -
- Business Performance by Segment
(Millions of yen) | ||||||||||||
Revenue | Q1 FY2022 | Q1 FY2023 | Year-on-year change | |||||||||
Amount | Percentage | |||||||||||
Marugame Seimen | 23,478 | 25,289 | +1,811 | +7.7% | ||||||||
Overseas | 9,407 | 12,695 | +3,288 | +35.0% | ||||||||
Other | 4,536 | 5,832 | +1,297 | +28.6% | ||||||||
Total | 37,420 | 43,816 | +6,396 | +17.1% | ||||||||
(Millions of yen) | ||||||||||||
Business profit | Q1 FY2022 | Q1 FY2023 | Year-on-year change | |||||||||
Amount | Percentage | |||||||||||
Marugame Seimen | 3,013 | 3,852 | +840 | +27.9% | ||||||||
Overseas | 517 | 405 | (112) | (21.6%) | ||||||||
Other | 8 | 747 | +740 | - | ||||||||
Adjustments* | (1,574) | (2,159) | (586) | - | ||||||||
Total | 1,964 | 2,846 | +882 | +44.9% | ||||||||
*Adjustments are corporate expenses that are not allocated to each segment in financial reporting. | ||||||||||||
(Shop) | ||||||||||||
Number of locations | Marugame | Overseas | Other | |||||||||
Seimen | Total | |||||||||||
Business category | Company-owned | Company | Franchise | Company | Franchise | |||||||
-owned | and etc.* | -owned | and etc. | |||||||||
At the end of March | 858 | 222 | 404 | 256 | 8 | 1,746 | ||||||
Openings in FY2023 | 9 | 42 | 47 | 13 | 0 | 111 | ||||||
Closures in FY 2023 | 35 | 10 | 61 | 31 | 0 | 137 | ||||||
At the end of June 2022 | 832 | 254 | 390 | 238 | 8 | 1,720 |
(Notes)
* This includes stores other than company-owned stores, including stores operated by franchisees or joint ventures.
**From this quarter, 17 Toridoll and Heyi Holding Limited locations have been switched from "Franchise, etc." to "Company-owned" locations. This means 17 franchise locations were closed and opened as company-owned locations.
Marugame Seimen Segment
Marugame Seimen got off to a strong start in Q1 2023, buoyed by a significant increase in travel and tourism compared to the same quarter last year when strict measures were in place. In addition, our marketing strategy, integrating product development, branding, promotion, and marketing, worked incredibly well.
With the launch of our new theme, "うどんで、あなたを驚かせたい" (We are gonna Surprise you with our udon,) on June 15, we delivered a marketing campaign across all locations to promote the value of our udon, freshly made and cooked on the premises. With this campaign, we featured popular dishes as the stars of the lineup and emphasized our superb handmade quality by cooking meat after each order was placed.
- 2 -
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Toridoll Holdings Corporation published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 15:04:14 UTC.