Hokuto : Consolidated Financial Results for the First Quarter Ended June 30, 2023

HOKUTO Corporation

Consolidated Financial Results

for the First Quarter Ended

June 30, 2023

August, 2023

Contents

1. Consolidated Financial Report for the First Quarter Ended June 30, 2023
2. Recent Activities
3. Reference material

2

Outline of consolidated reports for the 1st quarter of FY March 2024

◆Consolidated			(Millions of yen)
		1Q ended	YoY	cf.Plan
		Jun. 30, 2023
Net sales		16,849	107.6%	98.7%
Operating profit		(1,248)	－	－
Profit attributable to		(332)	－	－
owners of parent

◆Individual	(Millions of yen)
1Q ended		YoY	cf.Plan
Jun. 30, 2023
11,298		111.1%	100.2%
(1,260)		－	－
1,699		－	－

Demand for mushrooms improved due to production adjustments, and

prices were relatively firm, resulting in increased sales year -on-year.

◆By Segment

(Millions of yen)

	Mushroom business	Mushroom business	Processed products	Chemical products
	in Japan	outside Japan	business	business
	1Q ended	YoY	1Q ended	YoY	1Q ended	YoY	1Q ended	YoY
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2023
Net sales	10,776	111.9%	1,657	107.8%	1,568	87.4%	2,846	105.2%
Operating	(692)	－	14	－	(60)	－	6	14.9%
profit
								3

Consolidated Account at the 1st quarter in FY March 2024 (cf. previous year)

				(Millions of yen)
	1Q ended	1Q ended	YoYchange	YoY
	Jun. 30, 2022	Jun. 30, 2023

Net sales	15,665	16,849	1,184	107.6%
Gross profit	2,006	2,618	612	130.5%
Gross profit margin (%)	12.8	15.5
Selling, general and	3,708	3,867	159	104.3%
administrative expenses
Operating profit	(1,701)	(1,248)	452	－
Operating profit margin (%)	(10.9)	(7.4)
Ordinary profit	(594)	(304)	289	－
Ordinary profit margin (%)	(3.8)	(1.8)
Profit attributable to	(557)	(332)	224	－
owners of parent
Net profit margin (%)	(3.6)	(2.0)
Earnings per share (Yen)	(17.65)	(10.50)

Despite the increase in expenses, firm mushroom prices due to production

adjustments resulted in increases in both sales and operating profit.

4

Changes in mushroom production

（ｔ）

20,000

15,000

10,000

5,000

0

21,097		20,444	20,569
469		537	518
	759
		716	748
3,725		3,721	3,781

4,414	4,418	4,463

11,727	11,050	11,057

Previous fiscal year

Nex experience

Net plan

Bunashimeji(Bunapi including) Eryngii Maitake Shimofuri hiratake

Fresh Donko

5