Consolidated Balance Sheets March 31, 2011 and 2010 (Thousands of yen) (Thousands of yen) <Assets>

Transcription

1 Consolidated Balance Sheets March 31, 2011 and 2010 (Thousands of yen) (Thousands of yen) <Assets> <Liabilities> Current Assets 21,042,156 19,688,105 Current Liabilities 9,296,350 8,430,999 Cash and deposits 5,442,018 6,409,199 Trade accounts payable 4,240,507 4,058,777 Accounts receivable 3,867,516 3,996,073 Income taxes payable 531, ,329 Marketable securities 7,270,547 5,111,003 Reserve for bonus payments 406, ,101 Merchandise, Supplies 2,454,741 2,607,094 Other 4,118,211 3,356,790 Deferred tax assets 157, ,493 Fixed Liabilities 2,208,233 2,019,434 Other 1,903,986 1,474,994 Severance and retirement benefits for employees 334, ,542 Allowance for doubtful accounts -54,419-59,754 Other 1,873,710 1,741,892 Total Liabilities 11,504,583 10,450,433 Fixed Assets 27,644,563 26,834,684 Property and Equipment 8,508,495 7,526,028 <Shareholders' Equity> Buildings 4,114,491 4,404,940 Common stock 11,412,845 11,412,845 Land 1,872,629 1,895,186 Capital surplus 11,100,532 11,100,532 Other 2,521,374 1,225,902 Retained earnings 16,711,335 15,417,913 Intangible Fixed Assets 803, ,093 Treasury Stock -1,607,345-1,606,684 Investments and Other Assets 18,332,782 18,501,560 Net unrealised holding Gain(Loss)on Securities -282, ,660 Investments in securities 8,006,208 7,472,180 Foreign currency translation adjustments -361, ,353 Deferred tax assets 525, ,067 equity warrant 115, ,555 Other 10,338,277 11,057,245 Minority interests 92,830 89,207 Allowance for doubtful accounts -322, ,733 Total net assets 37,182,135 36,072,355 Allowance for investment losses -214, ,200 Total liabilities and net assets 48,686,719 46,522,789 Total Assets 48,686,719 46,522,789

2 Consolidated Statements of Income March 31, 2011 and 2010 (Thousands of yen) Net sales Net sales 63,175,121 60,009,850 Cost of sales 33,380,496 32,300,272 Gross profit on sales 29,794,624 27,709,577 Selling, general and administrative expenses 26,571,475 25,427,412 Operating income 3,223,148 2,282,164 Non-operating income 2,279,299 2,316,916 Interest earned 118,895 96,062 Dividend income 69,605 67,902 Marketable Securities income 48,923 - Rent income 1,733,161 1,764,365 Campaign support funds 14,111 65,191 Investment return under the equity method 173, ,286 Micellaneous income 169, ,108 Non-operating expenses 1,900,197 2,075,213 Interest expense 16,866 16,007 Rent expenses 1,773,121 1,917,239 Miscellaneous expenditures 110, ,967 Ordinary income 3,602,250 2,523,866 Extraordinary gains 113,926 76,764 Extraordinary losses 734, ,229 Income before income taxes 2,981,912 2,160,401 Income taxes 848, ,243 Adjustments for taxes 271, ,686 Minority interests 7,720 5,238 Net income 1,854,065 1,634,606

3 Consolidated Five-year Summary For the years ended 31 March (Thousands of yen) Results Net sales 59,890,823 62,301,887 60,641,865 60,009,850 63,175,121 (% increase/decrease) [2.9%] [4.0%] [-2.7%] [-1.0%] [5.3%] Cost of sales 33,705,351 34,623,973 33,236,708 32,300,272 33,380,496 Gross profit on sales 26,185,472 27,677,913 27,405,157 27,709,577 29,794,624 Selling, general and administrative expenses 24,804,900 26,925,295 25,657,329 25,427,412 26,571,475 Operating income 1,380, ,618 1,747,828 2,282,164 3,223,148 Non-operating income 2,727,858 2,858,927 2,467,799 2,316,916 2,279,299 Non-operating expenses 1,917,452 2,401,923 2,413,596 2,075,213 1,900,197 Ordinary income 2,190,977 1,278,116 1,802,031 2,523,866 3,602,250 Extraordinary gains 184,223 12, ,317 76, ,926 Extraordinary losses 963,848 1,026,136 1,150, , ,264 Income before income taxes 1,411, , ,384 2,160,401 2,981,912 Income taxes 140, , , , ,880 Adjustments for taxes 1,073, , , , ,245 Minority shareholders -5,199-8,660 1,820 5,238 7,720 Net income 202, , ,449 1,634,606 1,854,065 Per Share of Common Stock Net income Cash dividends Net assets 1,160 1,126 1,114 1,163 1,199 Financial Position Current assets 17,189,567 16,683,196 17,616,897 19,688,105 21,042,156 Fixed assets 27,057,667 26,834,684 27,644,563 Total liabilities and net assets 46,568,412 45,479,182 44,674,565 46,522,789 48,686,719 Current liabilities 9,429,881 8,029,799 8,456,486 8,430,999 9,296,350 Fixed liabilities 1,663,277 2,019,434 2,208,233 Total net assets 34,073,663 35,034,187 35,105,921 36,324,606 37,617,368 Management Indices Ratio of operating income to net sales 2.3% 1.2% 2.9% 3.8% 5.1% Ratio of ordinary income to net sales 3.7% 2.1% 3.0% 4.2% 5.7% Return on sales 0.3% -0.5% 0.9% 2.7% 2.9% Ratio of ordinary income to total assets 4.7% 2.8% 4.0% 5.5% 7.6% Return on equity (ROE) 0.6% -0.9% 1.6% 4.7% 5.1%

4 Non-Consolidated Balance Sheets March 31, 2011 and 2010 (Thousands of yen) <Assets> <Liabilities> Current Assets 18,458,091 17,052,563 Current Liabilities 6,495,186 6,259,649 Cash and deposits 2,991,117 3,627,207 Trade accounts payable 3,916,792 3,712,904 Accounts receivable 3,823,409 3,978,879 Income taxes payable 386, ,118 Marketable securities 7,270,547 5,090,640 Consumption tax payable 48, ,171 Merchandise, Supplies 2,189,602 2,405,741 Reserve for bonus payments 312, ,580 Deferred tax assets 11,621 17,010 Other 1,830,932 1,597,870 Short-term loans receivable 1,000,000 1,250,158 Fixed Liabilities 2,292,003 2,127,587 Other 1,213, ,500 Severance and retirement benefits for employees 305, ,049 Allowance for doubtful accounts -41,221-40,576 Provision for loss on guarantees 26,000 41,000 Other 1,960,655 1,835,537 Fixed Assets 26,050,634 26,035,553 Total Liabilities 8,787,189 8,387,236 Property and Equipment 4,657,343 4,805,796 Buildings 2,422,863 2,678,318 <Shareholders' Equity> Land 1,605,473 1,624,215 Common stock 11,412,845 11,412,845 Other 629, ,261 Capital surplus 11,100,532 11,100,532 Intangible Fixed Assets 737, ,913 Retained earnings 14,594,099 13,435,732 Investments and Other Assets 20,655,802 20,497,842 Revenue reserves 798, ,649 Investments in securities 6,602,161 6,289,761 Voluntary reserve 12,000,000 12,000,000 Investments in affiliated companies 7,763,361 7,966,688 Retained earning brought forward 1,795, ,082 Deferred tax assets 565, ,124 Unappropriated income for the year - - Other 7,795,646 8,142,941 Loss from revaluation of other securities -280, ,951 Allowance for doubtful accounts -295, ,975 Treasury Stock -1,220,494-1,219,833 Allowance for investment losses -1,775,000-2,172,700 Total net assets 35,721,535 34,700,879 Total Assets 44,508,725 43,088,116 Total liabilities and net assets 44,508,725 43,088,116

5 Non-Consolidated Statements of Income March 31, 2011 and 2010 (Thousands of yen) Results Net sales 49,450,762 47,070,411 Franchisees 41,473,645 39,310,513 Company-owned stores 5,820,762 5,711,007 Other operating income 2,156,355 2,048,890 Cost of sales 30,456,187 29,091,609 Gross profit on sales 18,994,575 17,978,801 Selling, general and administrative expenses 16,391,035 16,133,775 Operating income 2,603,540 1,845,025 Non-operating income 2,457,728 2,499,260 Non-operating expenses 2,144,158 2,351,302 Ordinary income 2,917,110 1,992,983 Extraordinary gains 187,145 98,484 Extraordinary losses 504, ,503 Income before income taxes 2,599,612 1,514,964 Income taxes 630, ,918 Adjustments for taxes 249, ,533 Net income 1,719,010 1,169,578 Per Share of Common Stock Net income Cash dividends Net assets 1,143 1,110 Financial Position Current assets 18,458,091 17,052,563 Total liabilities and net assets 44,508,725 43,088,116 Current liabilities 6,495,186 6,259,649 Total net assets 35,886,983 34,729,276 Fiscal years ended March 31

6 Share Information Per Share Indicators ( Unaudited ) Fiscal years to March Net income per share Shareholders' equity per share 1,160 1,126 1,114 1,163 1,199 Dividends per share (Interim) (Year end) (Yen) Ownership and Distribution of shares Distribution of Shares by Area Individuals 16,235,312(50.7%) Kanto 20,359,802(63.6%) Other corporations 7,948,267(24.8%) Kinki 5,296,534(16.5%) Banks 2,978,057(9.3%) Chubu 3,120,836 (9.7%) Life insurance 2,306,357(7.2%) Kyushu 702,250 (2.1%) Own shares 863,454(2.7%) Chugoku 562,998 (1.7%) Foreign companies/individuals 1,587,700(4.9%) Tohoku 358,201 (1.1%) Securities companies 86,546(0.2%) Shikoku 310,412 (0.9%) Nonlife insurance 0(0.0%) Hokkaido 303,386 (0.9%) Other financial institutions 4,300(0.0%) Overseas 995,491 (3.1%)

7 Number of shares authorized Number of shares issued Number of shareholders 101,610,000 32,009,910 25,166 (of which, unit holders: 25,615) Major Shareholders Name Shares Held (thousands) Ratio of shareholding KHOBAI FOOD,INC. 1, % Nippon Life Insurance Company 1, % DUSKIN CO.,LTD. 1, % NITTO CO.,LTD. 1, % DAIDO LIFE INSURANCE COMPANY % YAMAZAKI BAKING CO.,LTD % Bank of Tokyo-Mitsubishi UFJ,LTD % AIU Insurance Company % Japan Trustee Services Bank, Ltd.(Trust account 4) % NIPPON MEAT PACKERS,INC % Treasury stock of 863 thousand shares was excluded from the above list due to non-voting rights. (as of March 31, 2010) Special Benefit Plan for Shareholders The Company issues coupon tickets to shareholders twice a year, which is applied to all stores of Mos Burger Group * throughout Japan according to the number of shares held. * Each store of Mos Burger Group: Mos Burger, Mother Leaf, Chirimen-tei, AEN, chef's V, etc. (some of stores are excluded from the subject of its coupon ticket) Issue Date: June, November (planned) Eligible Shareholders for coupon ticket Coupon ticket is only for shareholders who hold more than one unit of shares(100shares). For June issue, shareholders who are registered on the Company s shareholders register as of the end of March each year will be subject to the issue.for November issue, shareholders who are registered on the Company s shareholders register as of the end of September each year will be subject to the issue. Details of Special Benefit Plan 100 shares or more - less than 500 shares \2,000 worth of coupon ticket-a-year (\500 coupon ticket 2 sheet 2 times) 500 shares or more - less than 1,000 shares \10,000 worth coupon ticket-a-year (\500 coupon ticket 10 sheets 2 times) 1,000 shares or more \20,000 worth coupon ticket a-year (\500 coupon ticket 20 sheets 2 times) Expiration Date For June issue will be effective till the end of March of the following year. For November issue will be effective till the end of September of the following year.

8 Business Segment Information ( Unaudited ) I. Net Sales and Operating Income MOS Burger Business Restaurant Business Other Total Corporate or Elimination (Thousands of yen) Consolidated Net sales (1) External customers 59,213,075 3,303, ,010 63,175,121-63,175,121 (2) Inter-segment 142,158 1,905 1,052,117 1,196,181-1,196,181 - Total 59,355,233 3,304,940 1,711,127 64,371,302-1,196,181 63,175,121 Operating expenses 54,503,383 3,389,698 1,361,264 59,343, ,130 59,951,973 Operating income 4,851,850-84, ,368 5,027,460-1,804,311 3,223,148 II. Assets, Depreciation and Capital Expenditures Assets 31,122, ,359 4,457,948 36,472,435 12,214,284 48,686,719 Depreciation 1,419,780 70, ,943 1,676,769 18,025 1,694,794 Impairment loss 104,929 79, , ,530 Captial expenditures 1,680,771 52,487 1,348,689 3,081,948-3,081,948

9 Consolidated Subsidiaries (Thousands of yen) Subsidiary Capitalization Share Principal Business Operations M H S, INC. 10, % Food sanitation inspection MOS CREDIT, INC. 300, % Financing TOMOS,INC. 450, % Chirimentei Chinese-style restaurant PARTNERSFOR, INC. 362, % MOS Burger in Hokkaido area MOS FOOD SERVICES KITA-NIHON, INC. 100, % MOS Burger in Hokkaido and Tohoku area MOS FOOD SERVICES HIGASHI-NIHON,INC. 100, % MOS Burger in Kita-kannto and Minami-kannto area MOS FOOD SERVICES NISHI-NIHON, INC. 100, % MOS Burger in Kansai and Kyushu area FREXMOS,INC. 165, % MOS Burger in Chugoku and Shikoku area MOSDINING, INC. 100, % chef's V Casual restaurant MOS FOOD INDUSTRY CORP. NT$173,000, % Food manufacturer in Taiwan MOS FOODS HONG KONG. LTD. HK$35,000, % MOS Burger in Hong Kong MOS FOODS SINGAPORE PTE. LTD. S$5,200, % MOS Burger in Singapore