Hokuto : Consolidated Financial Results for the third quarter Ended December 31, 2022

HOKUTO Corporation

Consolidated Financial Results

for the third quarter Ended

December 31, 2022

February, 2023

Contents

1. The financial report for the third quarter Ended December 31, 2022
2. Recent Activities
3. Reference material

2

Outline of consolidated reports for the 3rd quarter of FY March 2023

◆Consolidated			(Millions of yen)
		3Q ended	3Q ended
		Dec. 31,	YoY
		Dec. 31, 2022
		2021
Net sales		53,859	52,539	102.5%
Operating profit		△3,080	1,440	－
Profit attributable to		△1,703	1,253	－
owners of parent

◆Individual	(Millions of yen)
3Q ended		3Q ended
	Dec. 31,	YoY
Dec. 31, 2022
	2021
36,255		36,106	100.4%
△3,346		537	－
△1,433		851	－

Revenue in Japan increased in line with an expansion in sales volume, although mushroom prices

remained weak due to low prices in the vegetable market. On the other hand, higher production costs resulting from rising crude oil prices caused operating profit to fall below the previous year's level.

◆By Segment

(Millions of yen)

	Mushroom business	Mushroom business	Processed products	Chemical products
	in Japan	outside Japan	business	business
	3Q ended	YoY	3Q ended	YoY	3Q ended	YoY	3Q ended	YoY
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2022
Net sales	34,118	100.6%	4,734	103.4%	6,183	104.9%	8,822	108.1%
Operating	△1,962	－	△29	－	236	62.4%	177	116.5%
profit
								3

Consolidated Account at the 3rd quarter in FY March 2023 (cf. previous year)

				(Millions of yen)
	3Q ended	3Q ended	YoYchange	YoY
	Dec. 31, 2021	Dec. 31, 2022

Net sales	52,539	53,859	1,319	102.5%
Gross profit	12,910	8,889	△4,020	68.9%
Gross profit margin	24.6%	16.5%
Selling, general and	11,470	11,969	499	104.4%
administrative expenses
Operating profit	1,440	△3,080	△4,520	－
Operating profit margin	2.7%	△5.7%
Ordinary profit	1,965	△2,082	△4,047	－
Ordinary profit margin	3.7%	△3.9%
Profit attributable to	1,253	△1,703	△2,956	－
owners of parent
Net profit margin	2.4%	△3.2%
Earnings per share	39.77	△53.90

4

Changes in mushroom production

（ｔ）

70,000

65,000

60,000

55,000

50,000

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

63,875	67,551	68,292
	1,539	1,427
1,508	2,559	2,551
	2,572
10,345	12,346	12,648

14,364	14,081	14,335

		37,330
35,084	37,024

Previous fiscal year

Nex experience

Net plan

Bunashimeji(Bunapi including) Eryngii Maitake Shimofuri hiratake

Fresh Donko

5