Itoham Yonekyu Holdings, Inc. · TSE:2296

Itoham Yonekyu — Q1 FY2025 Earnings Presentation

44 slides from Itoham Yonekyu's earnings presentation, Aug 4, 2025

  1. Slide 1: FY2025 Financial Results Q1

    ITOHAM YONEKYU HOLDINGS INC. （TSE Prime：2296） FY2025 Financial Results Q1(Apr 1, 2025 – Jun 30, 2025) August 04, 2025

  2. Slide 2: FY2025 Q1 Results Summary and Full Year Forecast

    FY2025 Q1 Results Consolidated Summary  Increased in sales and ordinary profit (Sales +26.0%, Ordinary profit +109.7%). Business Segment  [Processed Food Div.] - Increased in sales and ordinary profit Product metabolism off set impact of rising raw material prices, logistics costs, and others, and

  3. Slide 3: Q1 Topics

    Strengthen marketing strategies (Processed food) Wagyu beef export(Meat) Q1 Topics ✓Collaboration Project ✓Additional certification for Wagyu beef export plant - Alt Bayern × Popular Animation（Jun-Aug） -Towada beef plant(IH Meat Packer Inc.) [Aim] Certified as a slaughterhouse and meat processing pl

  4. Slide 4: Agenda

    01 Earnings Results ・FY2025 Q1 Result 5 3 ・Full Year Forecast for FY2025 15 02 Supplemental Data 24 03 Appendix 32 Note: The financial information disclosed by Japanese GAAP and FY2025 shows from Apr 1, 2025 to March 31, 2026. This material is rounded off to second decimal places. Therefore, sums an

  5. Slide 5: Consolidated FY2025 Q1 Results

    01 Earnings Results （Q1 Results） [Consolidated] FY2025 Q1 result % Year-on-Year FY2025 Q1 Results Amount of sales Change Change% Increased in sales and ordinary profit Sales 297.1 - +61.3 +26.0% Sales : + 26.0% Operating (1Q)100％ 横12.73、縦3 Ordinary Profit : + 109.7% profit 9.1 3.1% (2Q~)90％ 横11.49、縦

  6. Slide 6: Consolidated Ordinary Profit Variance Analysis

    01 Earnings Results （Q1 Results） billion yen +0.1 +4.7 [Consolidated] 経常利益増減分析 FY2025 Q1 Results • 経営統合後のシナジー発現に Increase / decrease factors (YoY) 伴い、稼ぐ力が着実に向上、 当社の強みは Processed Food : + 0.1B Ordinary Meat安定した基礎収益力と認識 : + 4.7B Profit 9.2 • 稼ぐ力を原資に成長投資を実行、 billion yen 2035年度で経常利益500億円を Ordinary 目指す P

  7. Slide 7: Processed Food Division Q1 Results

    01 Earnings Results （Q1 Results） Segment Info FY2025 Q1 financial earnings results [Processed Food Division] billion yen % Year-on-Year Amount of sales Change Change% FY2025 Q1 Results Sales (1Q)100％ 横12.73 縦3.22 - 100.3 +3.4 +3.5% Increased in sales and ordinary Processed (2Q~)90％横11.55、縦4.14 Opera

  8. Slide 8: Processed Food Division Ordinary Profit Factors

    01 Earnings Results （Q1 Results） [Processed Food Division] Ordinary profit factors billion yen Q1 FY2025 Q1 Main Factors results Variance Analysis of FY2024 Ordinary profit 2.1 [Quantity] - Decreased sales volume due to continued decline in Ordinary Profit consumer mindset from the 2nd half of last

  9. Slide 9: Processed Food Division Market Share

    Data：QPR™ 01 Earnings Results （Q1 Results） Ham & Sausage Share 22.5% [Processed Food Division] (+0.5%) Sales Growth Rate(Our Company) Our Company +3.1% Growth Rate of Purchases Market -0.4% per 100 People Main Items Growth Rate by Category Wiener Ham & Bacon CH Cooked Chicken CH Pizza & Snack and Pr

  10. Slide 10: Processed Food Division Performance Growth Rate

    01 Earnings Results （Q1 Results） Consumer／Commercial company performance growth rate （volume/amount） Ham & Sausage Cooked Foods Total [Processed Food Division] Our Company: Performance Growth Rate ・B2C / B2B (volume / amount） ・External environment data Domestic distribution data （Domes/Import） MIC S

  11. Slide 11: Meat Division Q1 Results

    01 Earnings Results （Q1 Results） Segment Info FY2025 Q1 financial earnings results [Meat Division] billion yen % Year-on-Year Amount of sales Change Change% FY2025 Q1 Results Sales(1Q)100％横12.73 縦3.22 196.8 - +57.9 +41.7% (2Q~)90％横11.24、縦3.33 Increased in sales and in ordinary Meat Operating profit

  12. Slide 12: Meat Division Ordinary Profit Factors

    01 Earnings Results （Q1 Results） [Meat Division] Ordinary profit factors billion yen Q1 Main Factors FY2025 Q1 results FY2023 [Quantity] Variance Analysis of Ordinary profit 2.6 - Improved profitability due to strengthened risk Ordinary Profit Sales Volume -0.1 management for domestic pork. - Raised

  13. Slide 13: Meat Division Domestic/Imported Growth Rate

    01 Earnings Results （Q1 Results） Domestic/Imported Growth rate ％ [Meat Division] Results(excl. ANZCO) MIC Survey(Apr.-May) Purchase Volume Amount Expenditure QTY Sales Performance Beef Domestic -0.1 +2.1 -4.6 -0.7 Imported -5.5 -3.4 ・Domestic demand was shifting Pork Domestic +1.2 +4.4 +2.6 +7.4 Imp

  14. Slide 14: Full Year Forecast for FY2025

    01 Earnings Results ・FY2025 Q1 Result 5 ・Full Year Forecast for FY2025 15 02 Supplemental Data 24 03 Appendix 32 Note: The financial information disclosed by Japanese GAAP and FY2025 shows from Apr 1, 2025 to March 31, 2026. This material is rounded off to second decimal places. Therefore, sums and

  15. Slide 15: Consolidated FY2025 Full-Year Forecast

    01 Earnings Results （FY2025 Forecast） FY2025 full year financial earnings forecast [Consolidated] billion yen % Year-on-Year Previous forecast Amount Change of sales Change Change% Rev 2-May FY2025 Full-Year Forecast Expect to increase sales and profits Sales 1,030.0 - +41.2 +4.2% 1,030.0 - Operatin

  16. Slide 16: Consolidated Ordinary Profit Factors Forecast

    01 Earnings Results （FY2025 Forecast） +1.1 +5.9 billion yen [Consolidated] 経常利益増減分析 FY2025 Full-Year Forecast • 経営統合後のシナジー発現に Increase / decrease factors of 伴い、稼ぐ力が着実に向上、 ordinary profit (YoY) 当社の強みは Ordinary 安定した基礎収益力と認識 Processed Food : +1.1B Profit Meat : +5.9B Ordinary 27.5 • 稼ぐ力を原資に成長投資を実行、 Pro

  17. Slide 17: Processed Food Division Full-Year Forecast

    01 Earnings Results （FY2025 Forecast） [Processed Food Division] Segment Info FY2025 full year financial earnings forecast billion yen Previous % Year-on-Year forecast Amount Change FY2025 Full-Year Forecast of sales Change Change% (1Q)100％ 横12.73 縦3.22 Rev 2-May Sales (2Q~)87％横11.76、縦3.42 410.0 - +9

  18. Slide 18: Processed Food Division Ordinary Profit Factors

    01 Earnings Results （FY2025 Forecast） [Processed Food Division] Ordinary profit factors billion yen H1 H2 Year H1 H2 Year Main Factors FY2025 Full-Year Forecast Forecast Forecast Forecast change Variance analysis of FY2024 Ordinary profit 3.9 5.8 9.7 from prev. [Quantity] - 1H: The downward trend in

  19. Slide 19: Meat Division Full-Year Forecast

    01 Earnings Results （FY2025 Forecast） [Meat Division] Segment Info FY2025 full year financial earnings forecast billion yen Previous % Year-on-Year forecast Amount Change FY2025 Full-Year Forecast of sales Change Change% Rev 2-May Increase in sales and in ordinary Sales 620.0 - +32.1 +5.5% 620.0 - M

  20. Slide 20: Meat Division Ordinary Profit Factors

    01 Earnings Results （FY2025 Forecast） [Meat Division] Ordinary profit factors billion yen H1 H2 Year H1 H2 Year Main Factors Forecast Forecast Forecast FY2025 Full-Year Forecast FY2024 change [Quantity] 5.9 6.4 12.3 from prev. Variance Analysis of Ordinary profit - Expect a decrease in volume due to

  21. Slide 21: ANZCO Foods Market Trends

    01 Earnings Results （ANZCO Foods） ※MLA Comparison of the change in accounting period impact Transition of beef 90CL price : US and imported from NZ (FY2024: Jan-Dec2024, FY2025: Jan-Dec 2025 + Jan-Mar 2026) [Meat Division] Market Trends (ANZCO Foods) Transition of beef FOB and procurement price in N

  22. Slide 22: Shareholder Returns

    Incl. 01 Earnings Results commemorative dividend Incl. [Consolidated] commemorative dividend DPR Shareholder Returns DOE ・Execute total appx. 10B commemorative dividends in Commemorative 10th anniversary commemorative FY2025 dividend ・Ordinary: JPN 145 DPS ・Commemorative: JPN 175DPS DPS No change fr

  23. Slide 23: Supplemental Data

    01 Earnings Results ・FY2025 Q1 Result 5 ・Full Year Forecast for FY2025 15 02 Supplemental Data 24 03 Appendix 32 Note: The financial information disclosed by Japanese GAAP and FY2025 shows from Apr 1, 2025 to March 31, 2026. This material is rounded off to second decimal places. Therefore, sums and

  24. Slide 24: Profit / Loss and Sales by Region

    02 Supplemental Data Year Results Sale of each country and region billion yen billion yen Profit / Loss FY2024 FY2025 FY2024 FY2025 Q1 Q1 Change Q1 Q1 Change Sales 235.8 297.1 +61.3 Sales 235.8 297.1 +61.3 COGS 203.6 256.6 +53.0 Japan 199.2 213.8 +14.6 Gross Profit 32.1 40.5 +8.4 Overseas Total 36.6

  25. Slide 25: SG&A Expenses and Non-operational Gain/Loss

    02 Supplemental Data SG & A Expenses Non-operational Gain/Loss billion yen billion yen SG & A Expenses FY2024 FY2025 FY2024 FY2025 Non-operational G/L Q1 Q1 Change Q1 Q1 Change Non-Operational G/L 0.4 0.0 -0.4 Sales 235.8 297.1 +61.3 Non-controlling 0.5 0.4 -0.1 Selling, General and interests 28.2 3

  26. Slide 26: Balance Sheet

    02 Supplemental Data billion yen FY2024 FY2025 FY2024 FY2025 Change Change Year end Q1 Year end Q1 Balance Sheet Current Assets 277.2 295.2 +18.0 Total Liabilities 180.7 197.4 +16.7 Cash and Term Deposits 21.0 19.6 -1.4 Current Liabilities 144.4 159.3 +14.9 Receivables 103.2 109.1 +5.8 Fixed Liablil

  27. Slide 27: Cash Flow Statement

    02 Supplemental Data Movements in free cash flow billion yen billion yen Cash Flow FY2024 FY2025 2025 Statement Q1 Q1 Change Q1 ①Cash Flow from Operation -4.6 4.8 +9.4 CF Income Before Taxes 4.4 9.1 +4.8 from 2024 Investments Depreciation & Amortization of goodw ill 3.6 4.2 +0.6 Q1 Equity in Working

  28. Slide 28: Results by Product Category

    決算補足データData 03 Supplemental 02 商品分類別実績 Results by billion yen Product Category Consolidated Processed Food Div. Meat Div. FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 Q1 Q1 change Q1 Q1 change Q1 Q1 change Sales 235.8 297.1 +61.3 96.9 100.3 +3.4 138.9 196.8 +57.9 Ham & Sausage 45.0 47.6 +2.6 42.0 43.7

  29. Slide 29: Consolidated Q1 Results and Forecast Details

    billion yen 02 決算補足データ 03 Supplemental Data Q1（Apr.-Jun.） H1 H2 Year FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 Change Change Change Change results results results F'cast results F'cast results F'cast Rev 4-Aug Rev 4-Aug Rev 4-Aug Sales 235.8 297.1 +61.3 490.9 530.0 +39.1 497.9 500.0 +2

  30. Slide 30: Profit Change Analysis Trends

    02 決算補足データ 03 Supplemental Data billion yen Processed Food Div. Q1 H1 H2 Year results Rev 2-May. Rev 4-Aug. Rev 2-May. Rev 4-Aug. Rev 2-May. Rev 4-Aug. FY2024 Ordinary profit 2.1 3.9 3.9 5.8 5.8 9.7 9.7 Profit Change Sales Volume Gross Margin,SG&A -0.3 +2.8 +3.5 - -0.5 +4.5 +0.7 +1.0 +0.7 +1.1 +0.7

  31. Slide 31: Appendix

    01 Earnings Results ・FY2025 Q1 Result 5 ・Full Year Forecast for FY2025 15 02 Supplemental Data 24 03 Appendix 32 Note: The financial information disclosed by Japanese GAAP and FY2025 shows from Apr 1, 2025 to March 31, 2026. This material is rounded off to second decimal places. Therefore, sums and

  32. Slide 32: Overseas Markets

    03 Appendix Pork Carcass - Spain Picnic - USA Overseas Markets Pork Bellies - USA Loin - USA Copyright © 2025 ITOHAM YONEKYU HOLDINGS INC. All rights reserved. 32

  33. Slide 33: CPI Index

    03 Appendix Beef Chicken CPI Index Pork Processed Meat Copyright © 2025 ITOHAM YONEKYU HOLDINGS INC. All rights reserved. Date：Ministry of Internal Affairs and Communications 33

  34. Slide 34: Ham & Sausage Supply

    03 Appendix Domestic Production Imports Ham & Sausage Supply Apr.-May 【Domestic】 YoY -2.5% FY2024 86,885 ton FY2025 84,730 ton 【Import】 YoY +5.6% FY2024 5,553 ton FY2025 5,863 ton (ton) Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Year 【Total】 YoY -2.0% Domestic FY2024 Volume 44,867 42

  35. Slide 35: Ham/Sausage Domestic Market Share

    Date：QPR™ 03 Appendix ham/sausage domestic market ham/sausage domestic market Our share Value per 100 monitors year-on-year Average price year-on-year Ham/Sausage Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.0％ This year 22.5％ YoY +0.5％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb.

  36. Slide 36: Wiener Domestic Market Share

    Date：QPR™ 03 Appendix Wiener domestic market Wiener domestic market Our share Value per 100 monitors year-on-year Average price year-on-year Wiener Domestic Market Share 【 Share 】 Apr.-Jun. Last year 20.6％ This year 21.0％ YoY +0.4％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Year 【sha

  37. Slide 37: Slice Pack of Ham, Bacon, etc. Domestic Market

    Date：QPR™ 03 Appendix Our share Slice pack of ham, bacon, etc. domestic market Slice pack of ham, bacon, etc. domestic market Value per 100 monitors year-on-year Average price year-on-year Slice Pack of Ham, Bacon, etc. Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.1％ This year 22.6％ YoY +0

  38. Slide 38: Pizza/Snacks Domestic Market Share

    Date：QPR™ 03 Appendix Our share Pizza/Snacks domestic market Pizza/Snacks domestic market Value per 100 monitors year-on-year Average price year-on-year Pizza/Snacks Domestic Market Share 【 Share 】 Apr.-Jun. Last year 32.4％ This year 31.6％ YoY -0.8％ Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. F

  39. Slide 39: Hamburger Steak/Meatball Domestic Market

    Date：QPR™ 03 Appendix Our share Hamburger steak/Meatball domestic market Hamburger steak/Meatball domestic market Value per 100 monitors year-on-year Average price year-on-year Hamburger steak/ Meatball Domestic Market Share 【 Share 】 Apr.-Jun. Last year 12.8％ This year 13.8％ YoY +1.0％ Apr. May Jun.

  40. Slide 40: Processed Chicken Food Domestic Market

    Date：QPR™ 03 Appendix Our share Processed chicken food domestic market Processed chicken food domestic market Value per 100 monitors year-on-year Average price year-on-year Processed Chicken Food Domestic Market Share 【 Share 】 Apr.-Jun. Last year 22.3％ This year 22.6％ YoY +0.3％ Apr. May Jun. Jul. A

  41. Slide 41: Marketed Volume/Ending Stock/Market Price (Beef)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products Marketed Volume/ Ending Stock/ Market Price (Beef) Domestic Bee

  42. Slide 42: Marketed Volume/Ending Stock/Market Price (Pork)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products Marketed Volume/ Ending Stock/ Market Price (Pork) Domestic Por

  43. Slide 43: Marketed Volume/Ending Stock/Market Price (Chicken)

    03 Appendix Estimated Marketed Volume Estimated Marketed Volume Estimated Ending Stock (Imported) (Domestic) (Imported) ※including meat for processed products ※including meat for processed products ※including meat for processed products ※bone-in meat base Marketed Volume/ Ending Stock/ Market Price

  44. Slide 44: Contact Information

    Contact Information ALT ITO Bldg. 1-6-21, MITA, MEGURO-KU, TOKYO , 153-8587, JAPAN ITOHAM YONEKYU HOLDINGS INC. Public & Investor Relations Office TEL : +81-3-5723-6892 You can also contact us from the company website. https://www.itoham-yonekyu-holdings.com The current plans, forecasts, strategies

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