F isc al Ye ar E nde d F e br uar y 2017 Re sults Br ie fing - PowerPoint PPT Presentation

F isc al Ye ar E nde d F e br uar y 2017 Re sults Br ie fing WARABE YA NI CHI YO HOL DI NGS CO., L T D. (2918) April 18, 2017 (2918) 2016 年 4 月 15 日

Ove rvie w of F ina nc ia l Re sults for F Y2/ 17 a nd F ull- ye a r F ore c a st for F Y2/ 18 (Consolida te d Ba sis) 2

Consolidate d financ ial r e sults for F Y2/ 17 (Millio ns o f ye n) F Y2/ 16 F Y2/ 17 Re vise d Vs. Re vise d Yo Y fo re c a st Re sults fo re c a st Re sults (Anno unc e d in Oc t. 2016) 209,147 215,000 5,158 -694 214,305 Ne t sa le s (100.0) (100.0) <2.5> <-0.3> (100.0) 3,088 3,700 1,011 399 4,099 Ope ra ting inc o me (1.5) (1.7) <32.8> <10.8> (1.9) 3,336 3,950 968 354 4,304 Ordina ry inc o me (1.6) (1.8) <29.0> <9.0> (2.0) Pro fit 1,428 1,800 852 481 2,281 (a ttrib uta b le to o wne rs (0.7) (0.8) <59.7> <26.7> (1.1) o f pa re nt) E PS (Ye n) 81.34 102.63 48.75 27.46 130.09 (a ttrib uta b le to o wne rs o f pa re nt) 3.5 – 1.9pt – ROE (%) 5.4 *F o r the fisc a l ye a r e nd e d F e b rua ry 29, 2016, the Co mpa ny b o o ke d impa irme nt lo sse s o f ¥1.8 b illio n und e r e xtra o rd ina ry lo sse s. *F o r the fisc a l ye a r e nd e d F e b rua ry 28, 2017, the Co mpa ny b o o ke d pro visio n fo r lo ss o n g ua ra nte e s o f sub sid ia rie s a nd a sso c ia te s o f ¥0.44 b illio n a nd pro visio n o f a llo wa nc e fo r d o ub tful a c c o unts fo r sub sid ia rie s a nd a sso c ia te s o f ¥0.26 b illio n und e r e xtra o rd ina ry lo sse s. *F ig ure s in ( ) sho w sa le s ra tio , a nd fig ure s in < > sho w c ha ng e (%). Re vise d e stima te s fo r F Y2/ 17 a nno unc e d o n Oc to b e r 5, 2016. 3

Re vise d for e c ast (announc e d on Oc t. 5, 2016) and diffe r e nc e fac tor s (Millio ns o f ye n) F Y2/ 17 [Diffe re nc e fa c to rs] Re vise d Vs. F o re c a st fo re c a st F o o d I ng re d ie nts Busine ss -712 Re sults (Anno unc e d in Oc t. 2016) 215,000 -694 214,305 Ne t sa le s (100.0) <-0.3> (100.0) (Millio ns o f ye n) F Y2/ 17 [Diffe re nc e fa c to rs] Re vise d F o o d Pro duc ts Busine ss +321 Vs. F o re c a st fo re c a st De c line in he a t, lig ht a nd wa te r Re sults e xpe nse s +200 (Anno unc e d in De c line in re struc turing e xpe nse s +70 Oc t. 2016) Othe r Busine sse s +201 3,700 399 4,099 Ope ra ting (F o o d Ing re d ie nts, L o g istic s b usine sse s in line with fo re c a sts) inc ome (1.7) <10.8> (1.9) *F ig ure s in ( ) sho w sa le s ra tio , a nd fig ure s in < > sho w c ha ng e (%). Re vise d e stima te s fo r F Y2/ 17 a nno unc e d o n Oc to b e r 5, 2016. 4

Consolidate d ne t sale s by se gme nt (YoY) (Millio ns o f ye n) Cha ng e F Y2/ 16 Cha ng e fa c to rs F Y2/ 17 <Cha ng e (%)> T otal ne t 209,147 5,158 214,305 sale s <2.5> (Millio ns o f 214,305 ye n) 209,147 6,995 (+) I nc re a se d de live ry po int 7,192 200,000 14,781 sto re s a nd inc re a se d 14,143 sa le s g ro wth fo r c hille d F o o d 163,665 4,520 168,186 b e nto me a l b o xe s Pro d uc ts 24,341 24,145 <2.8> (-) Co ntra c tio n in sa le s to supe rma rke ts 150,000 (+) Gro wth in vo lume o f pro c e sse d ma rine pro duc ts ha ndle d F o o d 24,145 195 24,341 (-) De c line in vo lume o f Ing re d ie nts pro c e sse d c hic ke n <0.8> pro duc ts a nd shrimp / 100,000 pra wns ha ndle d 168,186 163,665 (+) Gro wth in tra nsa c tio n vo lume in jo int 14,143 638 L o g istic s 14,781 distrib utio n b usine ss <4.5> supplying Se ve n-E le ve n 50,000 ( ＋ ) Sa le s g ro wth in te mpo ra ry sta ffing a nd c o ntra c ting b usine ss 7,192 -196 Othe r 6,995 (-) De c line in la rg e pro je c ts <-2.7> 0 in fo o d e ng ine e ring F Y2/ 16 F Y2/ 17 b usine ss 5

Consolidate d ope r ating inc ome by se gme nt (YoY) (Millio ns o f ye n) F o o d Pro duc ts Busine ss F o o d I ng re die nts Busine ss Cha ng e F Y2/ 16 F Y2/ 17 L o g istic s Busine ss Othe r Busine ss <Cha ng e (%)> I nte r-se g me nt tra nsa c tio ns 1,011 T otal ope r ating (Millio ns o f 3,088 4,099 ye n) 4,099 <32.8> inc ome 525 4,000 1,090 F o o d Pro d uc ts 2,076 185 3,167 <52.5> 3,088 432 130 -29 365 461 F o o d Ing re d ie nts 432 54 2,500 <-6.3> 461 130 L o g istic s 54 185 3,167 <240.6> 2,076 1,000 160 365 Othe r 525 <43.9> -211 -341 Inte r-se g me nt 130 F Y2/ 16 F Y2/ 17 - 211 (500) tra nsa c tio ns <–> T o ta l fo r ne w pla nts +1,360 YoY +¥ 1,011 million Cha ng e fa c tors Cha ng e in sa le s +180 De c line in utilitie s c o sts +620 I nc re a se in pe rso nne l e xpe nse s -610 I mpro ve me nt in pro duc tivity +230 One -o ff fa c to rs in F Y2/ 17 -890 (Re tire me nt b e ne fits re la te d to Gro up re struc turing –¥390 millio n, Othe r +120 initia tive s to a ddre ss a g ing fa c ilitie s –¥500 millio n) 6

Non- ope r ating inc ome / e xpe nse s and e xtr aor dinar y inc ome / losse s in F Y2/ 17 (Millio ns o f ye n) F Y2/ 16 Cha ng e F Y2/ 17 3,088 4,099 1,011 Ope r ating inc ome (1.5) (1.9) <32.8> 680 647 -33 No n-o pe ra ting inc o me (0.3) (0.3) <-4.9> 432 442 9 No n-o pe ra ting e xpe nse s (0.2) (0.2) <2.2> 3,336 4,304 968 F Y2/ 16: Bre a kdown of e xtra ordina ry losse s Or dinar y inc ome I mpa irme nt lo sse s (1.6) (2.0) <29.0> I mpa irme nt lo sse s o n the Mina mi-Alps 300 – -300 E xtra o rdina ry Pla nt a nd Ue da Pla nt 1,821 I mpa irme nt lo sse s o n e xisting fa c ilitie s inc o me (0.1) (–) <-100.0> a fte r c ha ng e s to pro duc t line ups, e tc . 1,821 708 -1,113 E xtra o rdina ry F Y2/ 17: Bre a kdown of e xtra ordina ry losse s lo sse s (0.9) (0.3) <-61.1> F re vo F a rm Nic hima n Co ., L td. Co ., L td. 1,814 3,595 1,781 Pro fit b e fo re Pro visio n o f a llo wa nc e fo r do ub tful a c c o unts fo r sub sidia rie s a nd 60 204 inc o me ta xe s (0.9) (1.7) <98.2> a sso c ia te s: 264 385 1,314 929 Pro visio n fo r lo ss o n g ua ra nte e s o f T o ta l inc o me － 444 sub sidia rie s a nd a sso c ia te s: 444 ta xe s (0.2) (0.6) <241.1> Pr ofit 1,428 2,281 852 (a ttr ibutable to (0.7) (1.1) <59.7> owne r s of pa r e nt) *F ig ure s in ( ) sho w sa le s ra tio , a nd fig ure s in < > sho w c ha ng e (%). 7

Consolidate d balanc e she e ts at e nd- F Y2/ 17 (Millio ns o f ye n) [L iabilitie s and F Y2/ 16 Cha ng e F Y2/ 16 Cha ng e [Asse ts] F Y2/ 17 F Y2/ 17 ne t asse ts] Cur r e nt 23,423 26,660 3,236 30,235 36,316 6,081 Cur r e nt asse ts liabilitie s Non- c ur r e nt 12,381 14,040 1,658 Non- c ur r e nt liabilitie s 47,099 47,561 461 asse ts [Inte r e sting- [10,886] [12,730] [1,844] be ar ing de bt] [Pr ope r ty, plant [41,345] [41,427] [81] and e quipme nt] 35,805 40,700 4,895 T otal liabilitie s [Intangible [689] [920] [230] asse ts] 41,529 43,176 1,647 T otal ne t asse ts [Inve stme nts and [5,064] [5,213] [149] [Re taine d [25,281] [26,858] [1,577] othe r asse ts] e ar nings] T otal liabilitie s 77,334 83,877 6,542 T otal asse ts 77,334 83,877 6,542 and ne t asse ts T ota l a sse ts a s of e nd- F Y2/ 17: a ppr ox. ¥6.5 billion inc r e a se T ota l lia bilitie s/ ne t a sse ts a s of e nd- F Y2/ 17: a ppr ox. ¥6.5 billion inc r e a se  I  I nc re a se in c urre nt lia bilitie s (a c c o unts pa ya b le - o the r, e tc .): nc re a se in c urre nt a sse ts (c a sh a nd de po sits, e tc .): a ppro x. ¥6.0 b illio n a ppro x. ¥3.2 b illio n  I nc re a se in no n-c urre nt a sse ts (inta ng ib le a sse ts, e tc .):  Inc re a se in no n-c urre nt lia b ilitie s (lo ng -te rm le a se o b lig a tio ns, e tc .): a ppro x. ¥0.46 b illio n a ppro x. ¥1.6 b illio n  I nc re a se in ne t a sse ts (re ta ine d e a rning s): a ppro x. ¥1.6 b illio n 8