Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — Q2 2022 Earnings Presentation
19 slides from Sti Foods's earnings presentation, Aug 9, 2022
Slide 1: Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 31, 2022
Results Briefing Materials for the Second 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 ◆ August 9, 2022
Slide 2: Summary of financial results for the second quarter
Summary of financial results for the second quarter of the fiscal year ending December 31, 2022
Slide 3: Summary of consolidated financial results
Summary of consolidated financial results ◼ 2Q sales increased over 1Q despite the lower demand for home-meal replacement and eating at home caused by easing of COVID-19 restrictions ◼ As a result of recording extraordinary income and losses, net income for the first half was 469 million yen (49.4%
Slide 4: Consolidated statement of income
Consolidated statement of income (Unit: million yen) First half for First half for the fiscal year ended the fiscal year ending December 31, 2021 December 31, 2022 Cumulative period Cumulative period (January to June 2021) (January to June 2022) Ratio of Results Sales ratio Results Sales ratio Chang
Slide 5: Consolidated balance sheet
Consolidated balance sheet (Unit: million yen) Ratio of 2021/12 2022/12 increase/ Change Year end ２Q decrease Current assets 8,206 7,325 89.3% (880) Of which, cash and 3,293 2,379 72.3% (913) deposits Non-current assets 4,571 4,808 105.2% 236 Of which, property, 3,833 4,076 106.3% 242 plant and equi
Slide 6: Full-year earnings forecast progress
Full-year earnings forecast progress ◼ Although progress has been slow due to loss of opportunity from fire and the lack of new product launches in the first half of the fiscal year, multiple new product launches and revisions to prices are anticipated to bring recovery in the second half of the yea
Slide 7: Priority measures
Priority measures
Slide 8: Priority measures
Priority measures ■ Multiple new products will launch consecutively beginning in 3Q (daily and frozen food) ■ Daily line operation will start at STI Miyagi (planned for 4Q) ■ Construction plan for Shiga Plant on schedule (Operational in fiscal 2023) ■ New sales channels for NB products (Amazon, GMS,
Slide 9: Earnings forecast and shareholder return policy
Earnings forecast and shareholder return policy
Slide 10: Full-year earnings forecast
Full-year earnings forecast ◼ Despite a more challenging business environment than anticipated initially, results for the first half of the fiscal year are in line with ourplan. In the second half of the year, price revisions and the introduction of new products to the market are expected to bring r
Slide 11: 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 per
Slide 12: Appendix
Appendix
Slide 13: 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 285 (including 849 temporary employees) Tokyo employees *As of the end of December 2021, th
Slide 14: 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 15: 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: Deepen product Taking on the challenge of
Slide 16: 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 Stan
Slide 17: 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 18: SDGs initiatives
SDGs initiatives 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 the blessings of the sea Mission as a food manufacturer
Slide 19: [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