Daikokutenbussan : Summary of Consolidated Financial Results for the Nine Months Ended February 28, 2022(Based on Japanese GAAP)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Nine Months Ended February 28, 2022

(Based on Japanese GAAP)

Company name: DAIKOKUTENBUSSAN CO.,LTD.

Stock exchange listing: Tokyo

SHOJI OGA
MASASHI OMURA
Scheduled date to file Quarterly Securities Report:	April 14, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

Stock code: Representative: Inquiries:

2791 URLhttp://www.e-dkt.co.jp/ Representative Director and President Senior Managing Director

TEL [phone]

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

1. Consolidated financial results for the nine months ended February 28, 2022 (from June 1, 2021 to February 28, 2022)

(1) Consolidated operating results (cumulative)

April 13, 2022

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent
Nine months ended February 28, 2022 Nine months ended February 28, 2021	Millions of yen 165,543 167,156	% - 9.5	Millions of yen 6,124 7,061	% (13.3) 117.9	Millions of yen 6,371 7,270	% (12.4) 112.5	Millions of yen 4,049 4,547	% (10.9) 121.5

Earnings per share	Diluted earnings per share
Nine months ended February 28, 2022 Nine months ended February 28, 2021	Yen 290.74 326.45	Yen 290.64 -

(2) Consolidated financial position

Total assets	Net assets	Equity ratio
As of February 28, 2022 As of May 31, 2021	Millions of yen 77,953 75,635	Millions of yen 45,239 41,537	% 57.8 54.7

2. Cash dividends

Annual dividends per share
1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
Year ended May 31, 2021 Year ending May 31, 2022	Yen - -	Yen 0.00 0.00	Yen - -	Yen 29.00	Yen 29.00
Year ending May 31, 2022 (Forecast)	29.00	29.00

3. Forecast of consolidated financial results for the year ending May 31, 2022 (from June 1, 2021 to May 31, 2022)

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent	Earnings per share
Full year	Millions of yen 222,700	% -	Millions of yen 7,900	% (8.1)	Millions of yen 8,000	% (9.4)	Millions of yen 4,800	% (13.0)	Yen 344.60

4. Notes

• (1) Changes in significant subsidiaries during the nine months ended February 28, 2022

  No

  (changes in specified subsidiaries resulting in the change in scope of consolidation):

• (2) Application of special accounting methods for preparing quarterly consolidated financial statements: No

• (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)

As of February 28, 2022 14,474,200 shares

As of May 31, 2021 14,474,200 shares

As of February 28, 2022

14,474,200 shares As of May 31, 2021

1

Number of treasury shares at the end of the period

As of February 28, 2022 545,354 shares

As of May 31, 2021 545,320 shares

As of February 28, 2022

545,354 shares As of May 31, 2021

545,Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended February 28, 2022 13,928,860 shares

Nine months ended February 28, 2021 13,928,880 shares

Nine months ended February 28, 2022 13,928,860 shares Nine mon

Quarterly consolidated financial statements Consolidated balance sheets

(Millions of yen)
As of May 31, 2021	As of February 28, 2022
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts	7,857 126 6,529 92 304 4,183 (203)	8,111 100 6,607 111 361 3,844 (203)
Total current assets	18,889	18,933
Non-current assets Property, plant and equipment Buildings and structures, net Land Other, net	26,688 8,101 8,895	25,156 8,241 12,762
Total property, plant and equipment	43,685	46,160
Intangible assets Investments and other assets Construction assistance fund receivables Guarantee deposits Other Allowance for doubtful accounts	322 1,677 4,907 6,209 (55)	334 1,539 4,993 6,048 (57)
Total investments and other assets	12,738	12,524
Total non-current assets	56,746	59,019
Total assets	75,635	77,953

(203)

(57)

(Millions of yen)
As of May 31, 2021	As of February 28, 2022
Liabilities Current liabilities Notes and accounts payable - trade Short-term borrowings Income taxes payable Provision for bonuses Asset retirement obligations Other	13,385 3,904 2,520 555 6 7,611	12,226 4,483 525 294 6 5,733
Total current liabilities	27,983	23,269
Non-current liabilities Long-term borrowings Retirement benefit liability Asset retirement obligations Other	1,070 40 2,909 2,093	4,467 41 2,959 1,975
Total non-current liabilities	6,114	9,444
Total liabilities	34,097	32,713
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares	1,661 1,823 38,695 (880)	1,661 1,823 42,341 (880)
Total shareholders' equity	41,300	44,946
Accumulated other comprehensive income Valuation difference on available-for-sale securities	90	138
Total accumulated other comprehensive income	90	138
Share acquisition rights Non-controlling interests	46 100	51 103
Total net assets	41,537	45,239
Total liabilities and net assets	75,635	77,953

(880)

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income

(cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)
Nine months ended February 28, 2021	Nine months ended February 28, 2022
Net sales Cost of sales	167,156 126,940	165,543 125,640
Gross profit	40,216	39,902
Selling, general and administrative expenses	33,154	33,778
Operating profit	7,061	6,124
Non-operating income Interest income Dividend income Rental income Insurance claim income Reversal of allowance for doubtful accounts Other	22 2 65 105 27 45	20 4 66 122 - 93
Total non-operating income	269	307
Non-operating expenses Interest expenses Rental expenses Other	18 37 5	21 36 2
Total non-operating expenses	61	59
Ordinary profit	7,270	6,371
Extraordinary income Subsidy income	35	0
Total extraordinary income	35	0
Extraordinary losses Loss on tax purpose reduction entry of non-current assets	35	0
Total extraordinary losses	35	0
Profit before income taxes	7,270	6,371
Income taxes - current Income taxes - deferred	2,890 (175)	2,222 97
Total income taxes	2,714	2,319
Profit	4,555	4,052
Profit attributable to non-controlling interests	8	2
Profit attributable to owners of parent	4,547	4,049