Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — FY2022 Earnings Presentation
22 slides from Sti Foods's earnings presentation, Feb 14, 2023
Slide 1: Results Briefing Materials for the Fiscal Year Ended December 31, 2022
Results Briefing Materials for the Fiscal Year Ended December 31, 2022 Standard Market of the Tokyo Stock Exchange (Securities Code: 2932) IR e-mail distribution registration (Japanese only) https://www.magicalir.net/2932/mail/index.php February 14, 2023
Slide 2: Summary of financial results
Summary of financial results
Slide 3: Trends in full year results
Trends in full year results Although environmental factors, such as exchange rate fluctuations, put pressure on profits, the Company responded with measures including renewal. Net sales increased due to continuous introduction of new products and thorough manufacturing quality. Net income attribut
Slide 4: Forecast and actual results for the fiscal year ended December 31, 2022
Forecast and actual results for the fiscal year ended December 31, 2022 Fair price increases, new product launches, and thorough manufacturing quality in response to unforeseen circumstances, such as the impact of the fire that occurred at the Funabashi Plant at the beginning of the fiscal year an
Slide 5: Consolidated statement of income
Consolidated statement of income (Unit: million yen) FYE December 31, 2021 FYE December 31, 2022 Results Sales ratio Results Sales ratio YoY Change Net sales 26,264 - 27,567 - 105.0% 1,302 Cost of sales 19,007 72.4% 20,178 73.2% 106.2% 1,171 Gross profit 7,257 27.6% 7,388 26.8% 101.8% 130 Selling, g
Slide 6: Consolidated balance sheet and consolidated statement of cash flows
Consolidated balance sheet and consolidated statement of cash flows Consolidated balance sheet (Unit: million yen) End of FYE End of FYE YoY Change 2021/12 2022/12 Current assets 8,206 9,139 111.4% 933 Of which, cash and deposits 3,293 2,686 81.6% (606) Non-current assets 4,571 4,666 102.1% 95 Of wh
Slide 7: Analysis of changes in ordinary income
Analysis of changes in ordinary income Ordinary income was 1,528 million yen, in line with the forecast, due to price revisions accompanying renewals in response to rising raw material costs caused by factors including the drastic yen depreciation. Increase in raw material costs (Unit: million yen
Slide 8: FYE 2023/12 earnings forecast
FYE 2023/12 earnings forecast
Slide 9: FYE 2023/12 full-year earnings forecast
FYE 2023/12 full-year earnings forecast FYE December 31, 2022 FYE December 31, 2023 Earnings Results Sales ratio Sales ratio YoY forecast Net sales 27,567 - 30,000 - 108.8% Operating income 1,488 5.4% 1,800 6.0% 120.9% Ordinary income 1,528 5.5% 1,800 6.0% 117.8% Net income attributable to owners of
Slide 10: Assumptions for earnings forecast
Assumptions for earnings forecast The construction plan for the Shiga Plant is in the review stage. We will continue to grow by increasing production capacity at existing plants, while at the same time considering acquiring plants through M&A as a backup measure as soon as possible. The start of o
Slide 11: Priority measures
Priority measures
Slide 12: Establishing a position as a global category killer
Priority measures Establishing a position as a global category killer Further raise barriers to entry by strengthening manufacturing technologies and equipment ■ Pursue new manufacturing methods and production technologies by strengthening R&D ■ Full-scale daily line operation at STI Miyagi (test sh
Slide 13: Shareholder return policy
Shareholder return policy
Slide 14: Shareholder return policy
Shareholder return policy Policy of continuing to maintain dividend at the same level as the previous fiscal year and provide shareholders with shareholder benefits twice a year. [Dividends] FYE 2021/12 results FYE 2022/12 schedule FYE 2023/12 forecast Dividend per share 55 yen 55 yen 55 yen [Shar
Slide 15: Appendix
Appendix
Slide 16: Company profile / business description
Company profile / business description Company profile Name of STI Foods Holdings, Inc. Establishment November 2017 (founded in December 1988) company 1-15-14, Minami Aoyama, Minato-ku, Number of Headquarters 283 (including 885 temporary employees) Tokyo employees *As of the end of December 2022, th
Slide 17: Group and production bases
Group and production bases The Group is formed of STI Foods Holdings, six consolidated subsidiaries and one non-consolidated subsidiary. Overseas Each plant has its own specialties and products, and by combining them, business the manufacturing system can handle any of the three temperature rang
Slide 18: Strengths of the business: Manufacturing technologies and patents
Strengths of the business: Manufacturing technologies and patents Research and development of new manufacturing methods and unique marine food products that do not exist in the world using technologies with high barriers to entry Nurture food professionals: Enhance product development with Tsujicho
Slide 19: Strengths of the business: Improvement of taste quality through integrated production
Strengths of the business: Improvement of taste quality through integrated production Thorough temperature control and reduction in the number of thawing cycles in the integrated production (cooking) process to improve the quality of taste Manufacturing process for grilled fish prepared foods Pu
Slide 20: Strengths of the business: Balancing food loss and cost reduction
Strengths of the business: Balancing food loss and cost reduction Reduce raw material costs by thoroughly addressing food loss with a product portfolio that uses up all ingredients. Integrated production system that achieves both deliciousness and reduced raw material costs Integrated manufacturin
Slide 21: SDGs initiatives
SDGs initiatives We will reduce the burden on the environment and society in all parts of the value chain, from procurement, processing, distribution, consumption, and disposal, and work to solve social issues through business. Responsibility to deliver Mission as a food manufacturer Eco-friendly bu
Slide 22: [Precaution]
[Precaution] The forward-looking statements contained in this document are based on management's assumptions and beliefs in light of the information currently available, and are subject to change due to macroeconomic conditions and industry trends. Accordingly, please be aware that there are risks a