Kotobuki Spirits Co.,Ltd.
FY2022(1Q-2Q)
(Second quarter of the fiscal year ending March 31, 2022)
Consolidated Business Results
November 5,2021
Kotobuki Spirits Co.,Ltd.
Kotobuki Spirits Co.,Ltd.
Company Overview
Firm name | Kotobuki Spirits Co.,Ltd. |
Securities code | 2222（Tokyo Stock Exchange 1st section） |
Address | 2028, Hatagasaki, Yonago-shi, Tottori, 683-0845, Japan |
Establishment | April 25th,1952 |
Capital | 1.2 Billion 17.8 Million yen |
President | Seigo Kawagoe |
Employees | Kotobuki Spirits 7 people/Group Total 1,558 people |
Group companies | Consolidated subsidiary 18 companies （domestic 16・overseas 2） |
Net sales | 23.2 Billion Yen（FY2021 :Year ended March 31, 2021） |
September 30th,2021
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Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
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Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
＜FY2022(1Q-2Q)＞ | ||||||||||
●Sales trends | ||||||||||
（Compared to FY2020(1Q-2Q) and | FY2021(1Q-2Q):%）＜except for overseas subsidiaries＞ | |||||||||
Apr | May | Jun | Jul | Aug | Sep | |||||
Compared to FY2021（1Q-2Q） | 222.5％ | 145.0％ | 43.9％ | 44.3％ | 17.4％ | △0.7％ | ||||
Compared to FY2020（1Q-2Q） | △43.2％ | △48.5％ | △44.7％ | △37.6％ | △54.0％ | △48.9％ | ||||
●Due to production adjustments factories took holidays.Recorded subsidy income of 889 million yen as non- operating income, including employment adjustment subsidies.
●Cash decreased by 350 million yen from the beginning of the term.(End of the period :cash 6.96 billion yen) We did not borrow from the overdraft limit (7.8 billion yen)
＜October＞ ●Due to the cancellation of emergency declaration, sales in October recovered to about 65% of two years ago.
＜FY2022 Business forecast and Dividend forecast ＞
●We do not anticipate the emergency declaration, and assume that the market environment would gradually recover.Dividend forecast is 30yen.（This forecast may fluctuate depending on COVID-19 epidemic.）
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Kotobuki Spirits Co.,Ltd.
FY2022（1Q-2Q）Highlight
Net sales ＋51.3%(YoY) △46.6%（Compared to FY2020（1Q-2Q））
Net loss283 million yen （FY2021（1Q-2Q） Net loss1,290 million yen）
●Net sales increased 51.3% YoY due to the reaction to the same period last year, which was most affected by the spread of COVID-19 infection. Demand for souvenirs continued to be sluggish due to the intermittent issuance of "emergency declaration".
●Net loss reduced by 1,007 million yen from FY2021(1Q-2Q).
FY2021 | FY2022 | ||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 1Q-2Q | |
（Unit:Millions of yen) | (Apr-Jun) | (Jul-Sep) | (Oct-Dec) | (Jan-Mar) | (Apr-Jun) | (Jul-Sep) | (Apr-Sep) |
Net sales | 2,716 | 5,189 | 8,402 | 6,898 | 5,758 | 6,200 | 11,959 |
（Ｃｏｍｐａｒｅd ｔｏ ｔwo years ago） | （△68.4％） | （△46.8％） | （△25.4％） | （△38.1％） | （△45.8％） | （△47.3％） | （△46.6％） |
（YoY） | （△74.4％） | （△55.9％） | （△36.8％） | （△27.4％） | （＋112.0％） | （＋19.5％） | （＋51.3％） |
Ordinary profit(△loss) | △ 1,755 | △ 201 | 1,653 | △ 19 | △ 311 | △ 170 | △ 481 |
（YoY） | （－） | （－） | （△38.6％） | （－） | （－） | （－） | （－） |
Net profit(△loss) | △ 1,163 | △ 127 | 1,116 | △ 395 | △ 192 | △ 91 | △ 283 |
（YoY） | （－） | （－） | （△34.4％） | （－） | （－） | （－） | （－） |
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