Iwatani : Supplementary Explanation for 3Q FY22

Financial Results for 3Q FY2022

(Results for the Nine Months Ended December 31, 2022)

February 8, 2023

Iwatani Corporation

Note

Forward-looking statements are based on expectations and do not constitute guarantees or guarantees. As a matter of course, please be fully aware that the results may differ from your expectations.

Copyright © Iwatani Corporation. All rights reserved.

〔TSE Prime, 8088〕

FY2022 3rd Quarter Overview

Copyright © Iwatani Corporation. All rights reserved.

1

Highlights

Net sales increased in all segments due to high LPG import prices and steady progress in sales price adjustments in line with rising market prices, however, profit decreased due to a significant decline in the impact of LPG import price fluctuation YoY.

Overview of Consolidated Financial Results for 3Q of FY2022

• Increase in net sales due to high LPG import prices and steady progress in sales price adjustments in line with rising market prices.
• Decrease in operating profit due to a significant decline in the impact of LPG import price fluctuation YoY, despite the steady sales of mainstay products.
• Full-yearforecast : No change
  Progress against full-year forecast : 78.1% of net sales, 63.7% of ordinary profit

Net sales	655.7billion yen	YoY	+176.3billion yen	+36.8%
Operating profit	23.7billion yen	YoY	(2.0)billion yen	(8.0%)
Ordinary profit	29.6billion yen	YoY	(1.0)billion yen	(3.5%)
Profit attributable to	19.2billion yen	YoY	(0.3)billion yen	(1.7%)
owners of parent

Copyright © Iwatani Corporation. All rights reserved.

■ Operating profit quarterly trends（100 million yen）

142

121

89 92

78

58

55

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2021FY2022

2

Consolidated Operating Results (Analysis of Net Sales)

(100 million yen）

	FY22 3Q	FY21 3Q	YoY	FY22		Factors contributing to increase in net sales
	results	results	(A)-(B)	Progress	■ High LPG import prices
	forecasts
	(A)	(B)	((A)／(B))			■ Steady progress in sales price adjustments in line with
			+1,763
Net sales	6,557	4,794	8,400	78.1%	production cost and rising market prices
+36.8%
					*Record high net sales for the third quarter
Gross profit	1,506	1,377	+129	-	-
+9.4%	■ Net sales
Operating profit	237	258	(20)	400	59.5%		770	44	Others	6,557
(8.0%)				(0)
						358	Agri-bio &
			+9				Foods
Non-operating						591
58	48	-	-
profit	+20.2%	4,794	Materials
				Industrial
							Gases
			(10)				& Machinery
Ordinary profit	296	307	465	63.7%		Integrated
(3.5%)		Energy
Ordinary profit			+84
except for impact of	320	236	459	69.7%
LPG import price	+35.7%
fluctuation
Profit attributable	192	196	(3)	300	64.2%	FY21				FY22
to owners of parent	(1.7%)
						3Q				3Q
			Copyright © Iwatani Corporation. All rights reserved.				3

Consolidated Operating Results (Analysis of Operating Profit)

（100 million yen）

	FY22 3Q	FY21 3Q	YoY	FY22
	results	results	(A)-(B)	Progress
	forecasts
	(A)	(B)	((A)／(B))
Net sales	6,557	4,794	+1,763	8,400	78.1%
+36.8%
Gross profit	1,506	1,377	+129	-	-
+9.4%
Operating profit	237	258	(20)	400	59.5%
(8.0%)
Non-operating	58	48	+9	-	-
profit	+20.2%
Ordinary profit	296	307	(10)	465	63.7%
(3.5%)
Ordinary profit			+84
except for impact of	320	236	459	69.7%
LPG import price	+35.7%
fluctuation
Profit attributable	192	196	(3)	300	64.2%
to owners of parent	(1.7%)

Factors contributing to increase in profit

• Decrease in operating profit due to a significant decline in the impact of LPG import price fluctuation YoY
• Increased in general and administrative expenses due to an increase in distribution costs along with the increase in sales and the effect of the new consolidation

■ Operating profit

258	Integrated		Agri-bio &
Energy	44
		Foods Others	237

(2)	(7)
23

Materials

(78) Industrial

Gases

& Machinery

FY21	FY22
3Q	3Q

Copyright © Iwatani Corporation. All rights reserved.

4