Summary of Financial Statements

Summary of Fiscal Year 2019 (April 1, 2019 through March 31, 2020)

(*)Qualification: This is directly translated into English for the convenience of readers, and all financial results with the accounting principles generally accepted in Japan

Million yen

[Consolidated] FY2019 FY2018
Net sales 690,016 712,111
Changes from the previous year (%) (3.1) 5.1
Operating Profit 22,834 21,685
Changes from the previous year (%) 5.3 (6.7)
Ordinary Profit 25,807 25,358
Changes from the previous year (%) 1.8 3.2
Profit attributable to owners of parent 14,768 15,379
Changes from the previous year (%) (4.0) (10.8)
Earnings per share 47.47 49.41
Total assets 491,533 477,913
Net assets 172,300 166,158
Dividend 2nd Quarter 4.0yen
4th Quarter 4.5yen
Fiscal Year 8.5yen
2nd Quarter 4.0yen
4th Quarter 4.0yen
Fiscal Year 8.0yen

While the Japanese economy showed an improvement in employment environment during the consolidated fiscal year under review, there were unclear climate including decline in export and weakened corporate profit mainly in manufacturing industry in addition to the risk of a business downturn caused by the increase of consumption tax. The outlook for the economy remains extremely uncertain due to the outbreak of the novel coronavirus (COVID-19) from the beginning of the year.

In terms of the global economy during the period subject to the consolidated accounting from January to December, there were uncertain situations due to concerns about the effect of prolonged trade war between the US and China, political situation among EU nations and unstable Middle East situation. U.S. showed an improvement in consumer spending while capital investment decrease and export grow slowly. Europe showed a modest recovery in personal consumption while economy wasn't in a good mood. Meanwhile, downward trend continued in China.
The Company and its corporate group showed severe business environment in domestic fishing and aquaculture business and chilled business as well as other business despite a strong business in salmon/trout business in South America.

The impact of the novel coronavirus on the consolidated fiscal year under review is immaterial, as the consolidation period of overseas subsidiaries is from January to December.
Under these circumstances, the consolidated financial results through the consolidated fiscal year under review were as follows:net sales were 690,016 million yen, down 22,095 million yen year-on-year; operating profit was 22,834 million yen, up 1,148million yen year-on-year; ordinary profit was 25,807 million yen, up 448 million yen year-on-year; and the profit attributable to the owners of the parent company was 14,768 million yen, down 610 million yen year-on-year.