Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — FY2021 Earnings Presentation
23 slides from Sti Foods's earnings presentation, Feb 14, 2022
Slide 1: Results Briefing Materials for the Fiscal Year Ended December 31, 2021
Results Briefing Materials for the Fiscal Year Ended December 31, 2021 Second Section 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, 2022
Slide 2: Financial summary
Financial summary
Slide 3: Consolidated statement of income
Consolidated statement of income (Unit: million yen) Fiscal year ended Fiscal year ended December 31, 2020 December 31, 2021 Results Sales ratio Results Sales ratio YoY Change Net sales 23,062 - 26,264 - 113.9% 3,202 Cost of sales 16,871 73.2% 19,007 72.4% 112.7% 2,135 Gross profit 6,190 26.8% 7,257
Slide 4: Forecast and actual results for the fiscal year ended December 31, 2021
Forecast and actual results for the fiscal year ended December 31, 2021 ◼ Profitability increased in the first and second quarters due to improved production efficiency. ◼ Although profitability declined from the third quarter due to the rise in raw material prices, the results were in line with the
Slide 5: Trends in full year results
Trends in full year results ◼ Achieved growth in net sales and ordinary income ratio at the same time by expanding business and improving business efficiency Net sales Ordinary income / ordinary income ratio (Unit: million yen) (Unit: million yen) 2500 7.0% 26,264 6.6% Ordinary income 23,062 6.0% Or
Slide 6: Analysis of changes in ordinary income
Analysis of changes in ordinary income ◼ Raw material costs rose due to increased overseas demand in the second half, while cost of sales, mainly labor costs, were reduced by improving production efficiency, resulting in a 136.8% year-on-year increase in ordinary income to 1,745 million yen. Increas
Slide 7: 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 2020/12 End of FYE 2021/12 YoY Change Current assets 6,775 8,206 121.1% 1,430 Of which, cash and deposits 2,598 3,293 126.7% 694 Non-current assets 4,548 4,571 100.5% 22 Of w
Slide 8: Progress of priority measures, issues, and future initiatives
Progress of priority measures, issues, and future initiatives
Slide 9: Awareness of issues
Awareness of issues Issues related to the business environment ◼ The exit from the COVID-19 (Omicron) pandemic is not foreseeable and the future is uncertain, which will affect sales and production. ✓Problem of securing labor force due to strong restriction on foreigners' entry ✓Problem on timely av
Slide 10: Future initiatives: Increase production capacity
Future initiatives: Increase production capacity Change of policy for the Kinki area plant in the mid-term perspective ◼ Reuse of an existing plant will not provide the most important conditions for us, such as wastewater treatment facilities. ◼ Changed policy to build a new model plant with state-o
Slide 11: Future initiatives: Expansion of new sales
Future initiatives: Expansion of new sales Start new transactions with distinctive retail partners ◼ Commencement of sales of precooked fish to a health food mail-order company ◼ Start selling fish products to a major meal kit delivery service ◼ Commencement of sales of precooked fish to an office-b
Slide 12: Progress in priority measures
Progress in priority measures Expand business Maximize ability to create Strengthen R&Ds and with Seven-Eleven, Inc. new product development ◼ Overseas market development (US ◼ Taking on the challenge of new and Asia) production methods and technologies →First shipment to Taiwan at a faster pace com
Slide 13: FYE 2022/12 earnings forecast and shareholder return policy
FYE 2022/12 earnings forecast and shareholder return policy
Slide 14: FYE 2022/12 full-year earnings forecast
FYE 2022/12 full-year earnings forecast We expect the business environment to remain challenging, and while we are conservative in our outlook, we will continue to implement priority measures to solidify our footing for growth and expansion. (Unit: million yen) Fiscal year ended Fiscal year ended De
Slide 15: Shareholder return policy
Shareholder return policy ◼ While we expect profit to decline YoY in FY 2022/12 due to conservative earnings forecast, we plan to maintain dividend and shareholder benefit programs at the same level as FY 2021/12. [Dividends] FY 2020/12 results FY 2021/12 schedule FY 2022/12 forecast Dividend per sh
Slide 16: Appendix
Appendix
Slide 17: 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, Number of Headquarters 285 (including 849 temporary employees) Minato-ku, Tokyo employees *As of the end of December 2021, th
Slide 18: 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 19: Strengths of the business: Manufacturing technologies and patents
Strengths of the business: Manufacturing technologies and patents Research new manufacturing methods and develop unique marine food products that do not exist in the world using technologies with high barriers to entry Nurture food professionals: Deepen Taking on the challenge of new production prod
Slide 20: 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 21: 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 22: 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 Mission as a food manufacturer Eco-friendly busines
Slide 23: [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