FY2021 (Year ended March 31, 2021) Financial results supplementary material

FY2017

FY2018

FY2019

FY2020

FY2021

for the Year ended

for the Year ended

for the Year ended

for the Year ended

for the Year ended

March 31, 2017

March 31, 2018

March 31, 2019

March 31, 2020

March 31, 2021

Consolidated results

Net sales

Millions of Yen

32,536

37,385

40,769

45,181

23,205

Sales growth rate

％

22.3

14.9

9.1

10.8

△ 48.6

Gross profit rate

％

56.0

56.9

58.6

59.1

50.2

Operating profit

Millions of Yen

3,847

5,012

5,976

6,455

△ 2,890

Ordinary profit

Millions of Yen

3,898

5,049

6,012

6,475

△ 322

Net profit

Millions of Yen

2,572

3,534

3,972

4,100

△ 570

EPS

Yen

82.66

113.56

127.64

131.76

△ 18.30

PER

33.11

49.31

33.22

36.92

△ 392.9

ROE

％

21.9

25.1

23.5

20.8

△ 2.8

ROA

％

20.8

24.2

24.9

24.5

△ 1.2

Ordinary profit rate

％

12.0

13.5

14.7

14.3

△ 1.4

Total assets

Millions of Yen

19,500

22,277

25,954

26,814

25,052

Net assets

Millions of Yen

12,734

15,472

18,294

21,165

19,342

BPS

Yen

409.20

497.16

587.87

680.11

621.53

PBR

6.69

11.26

7.21

7.15

11.57

Equity-to-asset rate

％

65.3

69.5

70.5

78.9

77.2

Other

Interest-bearing debt

Millions of Yen

1,011

693

433

180

966

CAPEX

Millions of Yen

1,472

1,948

2,185

2,041

540

Depreciation

Millions of Yen

879

1,049

1,234

1,459

1,420

Employees

People

1,227

1,339

1,433

1,520

1,583

Temporary worker

People

883

1,012

1,112

1,247

886

Dividend/stock

Yen

25.00

35.00

40.00

40.00

30.00

Payout rate

％

30.2

30.8

31.3

30.4

-

Number of shares issued(March 31)

shares

31,121,520

31,121,520

31,121,520

31,121,520

31,121,520

Treasury Shares(March 31)

shares

1,625

1,798

1,863

1,905

2,164

Number of shares(Average during the period)

shares

31,119,906

31,119,842

31,119,688

31,119,638

31,119,517

Stock price (March 31)

Yen

2,737

5,600

4,240

4,865

7,190

FY2021(1Q-4Q)

Segments Business Results（Comparison with forecast）

Net sales

Gross profit

Gross profit rate

SG&A

Operating profit

expenses

Millions of Yen

Millions of Yen

％

Millions of Yen

Millions of Yen

FY2021(1Q-4Q)

7,627

4,198

55.0

5,128

△ 930

Sucrey

forecast

7,286

3,775

51.8

4,939

△ 1,164

Change from the

341

423

3.2

189

234

forecast

FY2021(1Q-4Q)

8,177

4,806

58.8

5,123

△ 317

KCC

forecast

8,201

4,583

55.9

5,200

△ 617

Change from the

△ 24

223

2.9

△ 77

300

forecast

FY2021(1Q-4Q)

4,935

969

19.6

1,829

△ 860

Kotobukiseika

forecast

5,002

1,062

21.2

1,929

△ 867

Tajimakotobuki

Change from the

△ 67

△ 93

△ 1.6

△ 100

7

forecast

FY2021(1Q-4Q)

2,139

625

29.2

1,191

△ 566

Sales Subsidiaries

forecast

2,444

765

31.3

1,234

△ 469

Change from the

△ 305

△ 140

△ 2.1

△ 43

△ 97

forecast

FY2021(1Q-4Q)

2,047

650

31.8

1,300

△ 649

Kujyukushima Group

forecast

1,983

610

30.8

1,303

△ 693

Change from the

64

40

1.0

△ 3

44

forecast

FY2021(1Q-4Q)

539

383

71.1

356

27

Others

forecast

508

349

68.7

341

8

Change from the

31

34

2.4

15

19

forecast

FY2021(1Q-4Q)

25,464

11,632

45.7

14,927

△ 3,295

Segments Total

forecast

25,424

11,144

43.8

14,946

△ 3,802

Change from the

40

488

1.8

△ 19

507

forecast

FY2021(1Q-4Q)

△ 2,259

9

-

△ 396

405

(Reconciling items）

forecast

△ 2,284

△ 44

-

△ 446

402

Change from the

25

53

-

50

3

forecast

FY2021(1Q-4Q)

23,205

11,640

50.2

14,531

△ 2,890

Total

forecast

23,140

11,100

48.0

14,500

△ 3,400

Change from the

65

540

2.2

31

510

forecast

FY2021(1Q-4Q)

Segments Business Results（YonY）

Net sales

Gross profit

Gross profit rate

SG&A

Operating profit

expenses

Millions of Yen

Millions of Yen

％

Millions of Yen

Millions of Yen

Sucrey

FY2021(1Q-4Q)

7,627

4,198

55.0

5,128

△ 930

FY2020(1Q-4Q)

16,199

9,893

61.1

7,834

2,059

YoY (Change)

△ 8,572

△ 5,695

△ 6.0

△ 2,706

△ 2,989

FY2021(1Q-4Q)

8,177

4,806

58.8

5,123

△ 317

KCC

FY2020(1Q-4Q)

12,700

7,758

61.1

6,466

1,292

YoY (Change)

△ 4,523

△ 2,952

△ 2.3

△ 1,343

△ 1,609

Kotobukiseika

FY2021(1Q-4Q)

4,935

969

19.6

1,829

△ 860

FY2020(1Q-4Q)

10,572

4,199

39.7

2,847

1,352

Tajimakotobuki

YoY (Change)

△ 5,637

△ 3,229

△ 20.1

△ 1,017

△ 2,212

FY2021(1Q-4Q)

2,139

625

29.2

1,191

△ 566

Sales Subsidiaries

FY2020(1Q-4Q)

6,176

2,224

36.0

1,700

523

YoY (Change)

△ 4,037

△ 1,599

△ 6.8

△ 509

△ 1,090

FY2021(1Q-4Q)

2,047

650

31.8

1,300

△ 649

Kujyukushima Group

FY2020(1Q-4Q)

4,522

2,127

47.0

1,753

374

YoY (Change)

△ 2,475

△ 1,477

△ 15.3

△ 453

△ 1,023

FY2021(1Q-4Q)

539

383

71.1

356

27

Others

FY2020(1Q-4Q)

812

529

65.1

706

△ 177

YoY (Change)

△ 273

△ 146

5.9

△ 350

204

FY2021(1Q-4Q)

25,464

11,632

45.7

14,927

△ 3,295

Segments Total

FY2020(1Q-4Q)

50,980

26,729

52.4

21,306

5,423

YoY (Change)

△ 25,517

△ 15,097

△ 6.8

△ 6,379

△ 8,718

FY2021(1Q-4Q)

△ 2,259

9

-

△ 396

405

(Reconciling items）

FY2020(1Q-4Q)

△ 5,800

△ 27

-

△ 1,058

1,032

YoY (Change)

3,541

35

-

662

△ 627

FY2021(1Q-4Q)

23,205

11,640

50.2

14,531

△ 2,890

Total

FY2020(1Q-4Q)

45,181

26,702

59.1

20,248

6,455

YoY (Change)

△ 21,976

△ 15,062

△ 8.9

△ 5,717

△ 9,345

FY2020

FY2021

YoY (Change)

YoY (%)

(1Q-4Q)

(1Q-4Q)

Wholesale

Millions of Yen

Millions of Yen

Millions of Yen

％

Wholesale

4,666

1,196

△ 3,469

△ 74.4

Wholesale（Overseas）

437

319

△ 118

△ 27.1

Wholesale Total

5,103

1,515

△ 3,588

△ 70.3

Retail

Sucrey

Shops

7,273

3,779

△ 3,493

△ 48.0

Pop Up

3,150

1,515

△ 1,634

△ 51.9

Mail order

356

647

292

82.0

RetailTotal

10,778

5,942

△ 4,836

△ 44.9

Internal sales

318

169

△ 148

△ 46.7

Total

16,199

7,627

△ 8,572

△ 52.9

Wholesale

Wholesale

3,129

797

△ 2,332

△ 74.5

Wholesale（Overseas）

431

753

321

74.5

Wholesale Total

3,561

1,550

△ 2,011

△ 56.5

Retail

KCC

Shops(LeTAO)

4,146

1,761

△ 2,384

△ 57.5

Shops(Other Brands)

489

535

46

9.3

Pop Up

1,857

1,001

△ 857

△ 46.1

Mail order

2,246

3,140

895

39.8

Retail Total

8,738

6,437

△ 2,301

△ 26.3

Internal sales

401

189

△ 212

△ 52.8

Total

12,700

8,177

△ 4,523

△ 35.6

Kotobukiseika Agent

4,579

2,297

△ 2,282

△ 49.8

Sanin area

1,662

780

△ 882

△ 53.1

Kotobukiseika

Kotobuki castle

811

338

△ 473

△ 58.4

Tajimakotobuki

Tajimakotobuki Yumura area・EC

253

212

△ 41

△ 16.2

Internal sales

3,267

1,309

△ 1,958

△ 59.9

Total

10,572

4,935

△ 5,637

△ 53.3

Tokai area

1,803

663

△ 1,140

△ 63.2

Kansai area

3,036

983

△ 2,054

△ 67.6

Sales Subsidiaries

Chuugoku area・Shikoku area・ Kyushu area

1,316

460

△ 856

△ 65.1

Internal sales

20

33

14

70.0

Total

6,176

2,139

△ 4,037

△ 65.4

Wholesale

1,217

609

△ 608

△ 49.9

Kujyukushima Group

Retail

1,510

881

△ 629

△ 41.7

Internal sales

1,795

557

△ 1,238

△ 69.0

Total

4,522

2,047

△ 2,475

△ 54.7

KSK（Property insurance agency business）

10

11

1

5.1

Junai（Health food business）

49

63

15

30.4

Others

Taiwan（Confectionery business）

379

429

50

13.3

Honey Sucrey Limited（Confectionery business）

374

36

△ 339

△ 90.5

Total

812

539

△ 273

△ 33.6