BEAUTY GARAGE : Consolidated Financial Results for the Fiscal Year Ended April 30, 2023

Consolidated Financial Results

for the Fiscal Year Ended April 30, 2023

[Japanese GAAP]

June 8, 2023

Company name: BEAUTY GARAGE Inc.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3180

URL: https://www.beautygarage.co.jp/

Representative: Hideki Nomura, Representative Director/Chief Executive Officer/Chief Operating Officer

Contact: Takahiro Saito, Operating Officer/Supervisory Manager of Business Management Group

Phone: [phone]

Scheduled date of the Annual General Meeting of Shareholders: July 27, 2023

Scheduled date of commencing dividend payments: July 28, 2023

Scheduled date of filing annual securities report: July 28, 2023

Availability of supplementary briefing material on annual financial results: Yes

Schedule of financial results briefing session: Yes (for institutional investors)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended April 30, 2023 (May 1, 2022 to April 30, 2023)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
April 30, 2023	26,429	12.9	1,357	12.9	1,354	11.5	865	21.8
April 30, 2022	23,401	19.4	1,202	20.1	1,215	12.5	709	8.5

(Note) Comprehensive income: Fiscal year ended April 30, 2023: ¥851 million [13.9%]
	Fiscal year ended April 30, 2022: ¥747 million [10.7%]
	Earnings	Diluted earnings	Return	Ordinary profit	Operating profit
	per share	per share	on equity	to total assets	to net sales
Fiscal year ended	Yen	Yen	%	%	%
April 30, 2023	136.99	-	15.3	12.0	5.1
April 30, 2022	112.63	-	14.4	11.8	5.1

(2) Consolidated Financial Position

	Total assets	Net assets
	Million yen	Million yen
As of April 30, 2023	12,063	6,244
As of April 30, 2022	10,548	5,468

(Reference) Equity: As of April 30, 2023: ¥6,036 million
	As of April 30, 2022: ¥5,270 million
(3) Consolidated Cash Flows
	Net cash provided	Net cash provided
	by	by
	(used in) operating	(used in) investing
	activities	activities
Fiscal year ended	Million yen	Million yen
April 30, 2023	998	(197)
April 30, 2022	712	(439)

Equity ratio	Net assets per share
%	Yen
50.0	955.79
50.0	835.20

Net cash provided	Cash and cash
by
equivalents at end of
(used in) financing
period
activities
Million yen	Million yen
(102)	3,362
(188)	2,670

2. Dividends

		Annual dividend			Payout	Dividends
						Total	to net
1st		2nd	3rd			ratio
	Year-end	Total	dividends	assets
	(consolidated)
quarter-endquarter-endquarter-end					(consolidated)
Fiscal year ended	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
April 30, 2022	-	0.00	-	16.00	16.00	100	14.2	2.0
April 30, 2023	-	0.00	-	20.00	20.00	126	14.6	2.2
Fiscal year ending
April 30, 2024	-	12.00	-	12.00	24.00		16.1
(Forecast)

(Note) Breakdown of year-end dividend for the fiscal year ended April 30, 2023: Commemorative dividend: ¥2.00

Special dividend: ¥ -

3. Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2024 (May 1, 2023 to April 30, 2024)

Preface to the consolidated financial results forecast

(% indicates changes from the previous corresponding period.)

							Profit attributable	Earnings
	Net sales	Operating profit	Ordinary profit	to owners of
	per share
							parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
First half	14,393	13.8	651	27.8	651	27.3	373	7.2	59.17
Full year	30,158	14.1	1,561	15.0	1,563	15.4	943	9.0	149.31

* Notes:

1. Changes in significant subsidiaries during the fiscal year ended April 30, 2023 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
   Newly included: - (Company name: -)
   Excluded: - (Company name: -)
   Notes on changes in significant subsidiaries during the fiscal year ended April 30, 2023
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No

Notes on changes in accounting policies, changes in accounting estimates and retrospective restatement

1. Total number of issued shares (common shares)
2. 1. Total number of issued shares at the end of the period (including treasury shares): April 30, 2023: 6,376,000 shares
      April 30, 2022: 6,376,000 shares
   2. Total number of treasury shares at the end of the period:

April 30, 2023: 59,968 shares

April 30, 2022: 65,755 shares

3) Average number of shares during the period:

Fiscal year ended April 30, 2023: 6,314,370 shares

Fiscal year ended April 30, 2022: 6,303,601 shares Notes on total number of issued shares

• These financial results are outside the scope of audit by certified public accountants or audit corporations.
• Explanation of the proper use of financial results forecast and other notes

The financial results forecast and other forward-looking statements in this document are based on information currently available to the Company and certain assumptions the Company deems to be reasonable, and are not intended as a guarantee that the Company will achieve the earnings. Actual results may differ significantly from these forecasts due to a wide range of factors.