Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — Q3 2022 Earnings Presentation
20 slides from Sti Foods's earnings presentation, Nov 9, 2022
Slide 1: Results Briefing Materials for the Third Quarter of the Fiscal Year Ending December 31, 2022
Results Briefing Materials for the Third Quarter of the Fiscal Year Ending 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 November 9, 2022
Slide 2: Summary of financial results for the third quarter
Summary of financial results for the third quarter of the fiscal year ending December 31, 2022
Slide 3: Summary of consolidated financial results
Summary of consolidated financial results Increase in new users from TV exposure and more demand for mainstay products created by repeat purchases Temporary measures to deal with yen depreciation and high resource prices ended. High manufacturing quality led to acceptance of price increases, whi
Slide 4: Consolidated statement of income
Consolidated statement of income (Unit: million yen) Fiscal year ended Fiscal year ending December 31, 2021 3Q December 31, 2022 3Q Cumulative period (January to Cumulative period (January to September 2021) September 2022) Ratio of Results Sales ratio Results Sales ratio Change increase/decrease Ne
Slide 5: Consolidated balance sheet
Consolidated balance sheet (Unit: million yen) FYE December FYE December Ratio of 31, 2021 31, 2022 Change increase/decrease Year end 3Q Current assets 8,206 8,535 104.0% 328 Of which, cash and 3,293 2,216 67.3% (1,076) deposits Non-current assets 4,571 4,740 103.7% 169 Of which, property, 3,833 4,0
Slide 6: Third and fourth quarter highlights and progress versus full-year earnings forecast
Third and fourth quarter highlights and progress versus full-year earnings forecast
Slide 7: Third and fourth quarter highlights
Third and fourth quarter highlights [3Q] ■Temporary measures to deal with yen depreciation and high resource prices ended. Other measures will continue. ■Strong sales of multiple new products ■TV exposure led to acquisition of new customers and repeat purchases of mainstay products ✓Intermittent air
Slide 8: Progress versus full-year earnings forecast
Progress versus full-year earnings forecast Net sales in 4Q are expected to continue to benefit from higher prices and new products. Although profit margins began to improve during 3Q, the conservative forecast remains unchanged. FYE December 31, 2021 FYE December 31, 2022 Earnings Results Sales r
Slide 9: Priority measures
Priority measures
Slide 10: Priority measures
Priority measures Strengthen sales Enhance manufacturing ■Continue introducing new ■Daily line operation will start at merchandise STI Miyagi ■Expand with new sales channels (shipments planned from 4Q) for NB products ■Increase production capacity at (Amazon, GMS, and others) existing plants ■Contin
Slide 11: Shareholder return policy
Shareholder return policy
Slide 12: Shareholder return policy
Shareholder return policy While we expect profit to decline YoY in FYE 2022/12 due to conservative earnings forecast, we plan to maintain dividend and shareholder benefit programs at the same level as FYE 2021/12. [Dividends] FYE 2020/12 results FYE 2021/12 results FYE 2022/12 forecast Dividend pe
Slide 13: Appendix
Appendix
Slide 14: 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- Number of Headquarters 285 (including 849 temporary employees) ku, Tokyo employees *As of the end of December 2021, t
Slide 15: Group and production bases
Group and production bases The Group is formed of STI Foods Holdings, six consolidated subsidiaries and one non-consolidated subsidiary. Each plant has its own specialties and products, and by combining them, the manufacturing system Overseas can handle any of the three temperature ranges (chill
Slide 16: 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 Taking on the challenge of new pro
Slide 17: 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 18: 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 Procurement Integrated
Slide 19: 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 20: [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