Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Three Months Ended May 31, 2022
[Japanese GAAP]
Company name: EAT&HOLDINGS Co.,Ltd | July 12, 2022 |
Stock exchange listing: Tokyo | |
Code number: 2882 | |
URL: https://www.eat-and.jp/ | |
Representative: Naoki Fumino | Chairman and representative director, CEO |
Contact: Tatsuya Kato | Director, CFO |
Phone: 03-5769-5050 | |
Scheduled date of filing quarterly securities report: July 13, 2022 | |
Scheduled date of commencing dividend payments: - |
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended May 31, 2022 (March 01, 2022 to May 31, 2022)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
May 31, 2022 | 8,329 | 12.2 | 334 | 21.4 | 395 | (14.1) | 218 | (15.1) | ||
May 31, 2021 | 7,423 | - | 275 | - | 460 | - | 257 | - |
(Note) Comprehensive income: | Three months ended May 31, 2022: |
Three months ended May 31, 2021: |
¥ | 225 million | [ | (13.3) %] |
¥ | 260 million | [ | -%] |
Basic earnings | Diluted earnings per | ||
per share | share | ||
Three months ended | Yen | Yen | |
May 31, 2022 | 21.55 | 21.54 | |
May 31, 2021 | 25.39 | - |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31,2020), etc. from the beginning of the first quarter of the fiscal year under review.
The figures for the three months ended May 31, 2022 reflect the said accounting standard, etc.
(2) Consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | ||
As of | Million yen | Million yen | % | |
May 31, 2022 | 22,019 | 7,986 | 36.1 | |
February 28, 2022 | 20,514 | 7,805 | 38.0 | |
(Reference) Equity: As of | May 31, 2022: | ¥ | 7,947 million | |
As of | February 28, 2022: | ¥ | 7,791 million |
2. Dividends
Annual dividends | ||||||||
1st | 2nd | 3rd | Year-end | Total | ||||
quarter-end | quarter-end | quarter-end | ||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended February 28, 2022 | - | 5.00 | - | 5.00 | 10.00 | |||
Fiscal year ending February 28, 2023 | - | |||||||
Fiscal year ending February 28, 2023 | 5.00 | - | 5.00 | 10.00 | ||||
(Forecast) | ||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No | |||||
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending February 28, 2023 : | ||||||||
Commemorative dividend | - | yen | ||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2023(March 01, 2022 to February 28, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings | ||||||
to owners of parent | per share | |||||||||
Six months ended August | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
15,800 | 6.9 | 530 | 42.0 | 545 | (21.8) | 250 | (16.4) | 24.61 | ||
31, 2022 | ||||||||||
Full year | 33,470 | 8.4 | 1,100 | 31.8 | 1,108 | (25.0) | 500 | (35.4) | 49.23 | |
(Note) Revision to the financial results forecast announced most recently: | No |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29,March 31, 2020), etc. from the beginning of the first quarter of the consolidated fiscal year under review.
Therefore, the figures in the consolidated financial results forecast for the fiscal yearending February 28, 2023 show the amounts after the relevant accounting standards are applied.
* Notes: | |||||
(1) | Changes in significant subsidiaries during the three months ended May 31, 2022 | ||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||||
New | - | (Company name: | ) | ||
Exclusion: | - | (Company name: | ) | ||
(2) | Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | Yes |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
May 31, 2022: | 10,158,190 | shares |
February 28, 2022: | 10,158,190 | shares |
2) Total number of treasury shares at the end of the period: | ||
May 31, 2022: | 959 | shares |
February 28, 2022: | 959 | shares |
3) Average number of shares during the period: | ||
Three months ended May 31, 2022: | 10,157,231 | shares |
Three months ended May 31, 2021: | 10,157,269 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of February 28,2022 | As of May 31,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 1,622 | 2,595 | ||
Accounts receivable - trade | 5,716 | 5,666 | ||
Merchandise and finished goods | 1,035 | 1,258 | ||
Raw materials and supplies | 346 | 312 | ||
Other | 322 | 307 | ||
Total current assets | 9,044 | 10,140 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 5,023 | 5,136 | ||
Land | 984 | 984 | ||
Machinery, equipment and vehicles, net | 2,276 | 2,280 | ||
Other, net | 1,105 | 1,517 | ||
Total property, plant and equipment | 9,389 | 9,919 | ||
Intangible assets | ||||
Other | 229 | 219 | ||
Total intangible assets | 229 | 219 | ||
Investments and other assets | ||||
Deferred tax assets | 621 | 623 | ||
Other | 1,236 | 1,123 | ||
Allowance for doubtful accounts | (7) | (7) | ||
Total investments and other assets | 1,850 | 1,740 | ||
Total non-current assets | 11,470 | 11,878 | ||
Total assets | 20,514 | 22,019 |
(Million yen) | ||||
As of February 28,2022 | As of May 31,2022 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 2,097 | 2,445 | ||
Short-term borrowings | 991 | 1,525 | ||
Current portion of long-term borrowings | 526 | 634 | ||
Accounts payable - other | 3,120 | 3,367 | ||
Income taxes payable | 424 | 192 | ||
Provision for bonuses | 249 | 142 | ||
Provision for bonuses for directors (and other | 50 | 14 | ||
officers) | ||||
Refund liabilities | 918 | 807 | ||
Other | 852 | 850 | ||
Total current liabilities | 9,232 | 9,980 | ||
Non-current liabilities | ||||
Long-term borrowings | 2,127 | 2,712 | ||
Retirement benefit liability | 175 | 177 | ||
Deferred tax liabilities | 12 | 12 | ||
Provision for retirement benefits for directors (and | 481 | - | ||
other officers) | ||||
Other | 681 | 1,150 | ||
Total non-current liabilities | 3,477 | 4,052 | ||
Total liabilities | 12,709 | 14,032 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 2,016 | 2,016 | ||
Capital surplus | 1,947 | 1,947 | ||
Retained earnings | 3,816 | 3,964 | ||
Treasury shares | (0) | (0) | ||
Total shareholders' equity | 7,779 | 7,927 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 3 | 3 | ||
securities | ||||
Foreign currency translation adjustment | 5 | 14 | ||
Remeasurements of defined benefit plans | 3 | 3 | ||
Total accumulated other comprehensive income | 12 | 20 | ||
Share acquisition rights | 13 | 17 | ||
Non-controlling interests | - | 21 | ||
Total net assets | 7,805 | 7,986 | ||
Total liabilities and net assets | 20,514 | 22,019 |
Quarterly Consolidated Statements of Income and Comprehensive Income | ||||
Quarterly Consolidated Statements of Income (For the three months) | ||||
(Million yen) | ||||
For the three months | For the three months | |||
ended May 31,2021 | ended May 31,2022 | |||
Net sales | 7,423 | 8,329 | ||
Cost of sales | 4,309 | 4,941 | ||
Gross profit | 3,114 | 3,388 | ||
Selling, general and administrative expenses | 2,838 | 3,053 | ||
Operating profit | 275 | 334 | ||
Non-operating income | ||||
Interest income | 0 | 0 | ||
Dividend income | 0 | 0 | ||
Subsidy income | 185 | 63 | ||
Other | 4 | 0 | ||
Total non-operating income | 189 | 64 | ||
Non-operating expenses | ||||
Interest expenses | 3 | 2 | ||
Other | 1 | 0 | ||
Total non-operating expenses | 4 | 3 | ||
Ordinary profit | 460 | 395 | ||
Extraordinary income | ||||
Gain on sale of non-current assets | - | 0 | ||
Gain on state subsidy | - | 20 | ||
Total extraordinary income | - | 20 | ||
Extraordinary losses | ||||
Loss on tax purpose reduction entry of non-current | - | 20 | ||
assets | ||||
Loss on store closings | 12 | 0 | ||
Impairment losses | 5 | 0 | ||
Total extraordinary losses | 18 | 21 | ||
Profit before income taxes | 442 | 394 | ||
Income taxes | 183 | 181 | ||
Profit | 258 | 213 | ||
Profit (loss) attributable to non-controlling interests | 0 | (5) | ||
Profit attributable to owners of parent | 257 | 218 |
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Eat& Co. Ltd. published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 06:23:02 UTC.