Kewpie : FY2023 1H Financial Meeting(1.37MB)

About this update from Kewpie Corporation

FY2023 1H Financial Meeting July 5, 2023 Kewpie Corporation Overview of FY2023 1H Results Efforts toward 2H and Beyond Reference Materials © Kewpie Corporation All rights reserved. Notes regarding the information in this document The amounts stated in this document are rounded to the nearest 100 million yen when figures are presented in billions of yen. The numbers related to Overseas cover the period from October through September of the following year and include exports from Japan. Exports from Japan from December through November of the following year are included in the results. Changes Overseas of the first half of FY2023 includes foreign exchange effects (Net sales +¥3.5 billion, operating income +¥0.3 billion). Changes Overseas of year plan for FY2023 includes foreign exchange effects (Net sales +¥4.0 billion, operating income +¥0.4 billion). 2 1. Overview of FY2023 1H Results © Kewpie Corporation All rights reserved. 3 Overview of FY2023 1H Results Summary Net sales ¥220.4 bn +¥5.5bn +¥4.6bn Increase in sales (+¥12.9bn) ¥6.8 bn +¥9.5bn Operating income -¥11.3bn Decrease in income (-¥7.4bn) -¥4.6bn Increase in unit prices due to price revisions for Food Service and the egg market Sales increase due to Overseas growth Effect of price revisions Impact of a spike in main raw material prices Impact of soaring prices of energy and raw materials in general Ordinary income ¥7.6 bn Profit attributable to ¥4.8 bn owners of parent Decrease in income (-¥7.4bn) Decrease in income (-¥4.1bn) (¥bn) FY2022 FY2023 YoY change YoY change Results (%) Net sales 207.5 220.4 +12.9 +6% Japan 177.7 186.0 +8.2 +5% Overseas 29.8 34.4 +4.6 +15% Operating income 14.2 6.8 -7.4 -52% Japan 13.0 6.6 -6.4 -49% Overseas 4.1 3.5 -0.6 -15% Company-wide expenses -2.9 -3.2 -0.3 - Ordinary income 15.0 7.6 -7.4 -50% Profit attributable to 8.9 4.8 -4.1 -46% owners of parent Operating income ratio 6.9% 3.1% -3.8% 4 © Kewpie Corporation All rights reserved. FY2023 1H Factors behind Changes in Operating Income Operating income FY2023 1H ¥6.8 bn YoY change -¥7.4 bn (¥bn) Factors causing Factors causing decreases increases -18.6 +11.2 Change in gross profit resulting from +1.2 +0.2 +1.0 increase (decrease) in net sales Change in gross profit margin -7.1 -2.9 -4.2 Of which, the impact of a spike in main -11.3 -5.7 -5.6 raw material prices Of which, the effect of price revisions +9.5 +4.5 +5.0 Of which, the impact of soaring prices -4.6 -2.2 -2.4 of energy and raw materials in general Of which, others such as a shift to -0.7 -0.7 +0.0 products with more added value Sales promotion expenses and -0.9 -0.3 -0.6 advertising expenses Transportation and warehousing +0.5 +0.2 +0.3 expenses Other selling, general and administrative -0.8 -0.2 -0.6 (SG&A) expenses 1Q YoY change Common business/ Company-wide -0.3 -0.2 -0.1 2Q YoY change expenses © Kewpie Corporation All rights reserved. 5

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