Hokuto : Consolidated Financial Results for the second quarter Ended September 30,2021

HOKUTO Corporation

Consolidated Financial Results

for the second quarter Ended

September 30, 2021

November, 2021

Contents

1. The financial report for the second quarter Ended September 30, 2021
2. Initiatives to Achieve the SDGs
3. Reference material

2

Outline of consolidated reports for the 2nd quarter of FY March 2022

◆Consolidated			(Millions of yen)		◆Individual	(Millions of yen)
		2Q ended	2Q ended			2Q ended	2Q ended
		Sep. 30,	Sep. 30,	YoY		Sep. 30,	Sep. 30,		YoY
		2021	2020			2021	2020
Net sales	31,497	33,610	－		21,043	23,498	－
Operating profit	△913	997	－		△1,382	683	－
Profit attributable to	△612	528	－		△721	465	－
owners of parent

Domestic：Declined in revenues and profits due to mushroom prices have been fallen by the impact of fallen vegetable prices. Oversea: Sales improved, mainly in the United States.

◆By Segment

(Millions of yen)

	Mushroom	Mushroom	Processed	Chemical products
	business outside
	business in Japan	products business	business
	Japan
	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.	2Q ended Sep.
	30, 2021	30, 2020	30, 2021	30, 2020	30, 2021	30, 2020	30, 2021	30, 2020
Net sales	19,782	22,449	2,875	2,172	3,576	4,081	5,262	4,907
Operating	△535	1,659	322	119	152	335	60	△111
profit

※"Accounting Standards for Revenue Recognition" have been applied since the beginning of the first quarter of the current consolidated accounting, and the figures for the second quarter of the fiscal year ending March 2022 are the figures after applying the accounting standards. Therefore, the difference in increase / decrease in the same quarter of the previous year and the rate of increase / decrease in the same quarter of the previous year are not stated.

3

Consolidated Account at the 2nd quarter in FY March 2022 (cf. previous year)

				(Millions of yen)
	2Q ended	2Q ended	YoYchange	YoY
	Sep. 30, 2020	Sep. 30, 2021

Net sales	33,610	31,497	－	－
Gross profit	8,423	6,190	－	－
Gross profit margin	25.1%	19.7%
Selling, general and	7,425	7,103	－	－
administrative expenses
Operating profit	997	△913	△1,911	－
Operating profit margin	3.0%	△2.9%
Ordinary profit	980	△725	△1,706	－
Ordinary profit margin	2.9%	△2.3%
Profit attributable to	528	△612	△1,140	－
owners of parent
Net profit margin	1.6%	△1.9%
Earnings per share	16.88	△19.45

※"Accounting Standards for Revenue Recognition" have been applied since the beginning of the first quarter of the current consolidated accounting, and the figures for the second quarter of the fiscal year ending March 2022 are the figures after applying the accounting standards. Therefore, the difference in increase / decrease in the same quarter of the previous year and the rate of increase / decrease in the same quarter of the previous year are not stated.

4

Changes in mushroom production

（ｔ）

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

39,928 40,734 40,712

845		982		964
1,222	1,597	1,595
	6,721		6,484		6,579

		9,235
9,146		9,205

21,993	22,434	22,367

Previous fiscal year

Nex experience

Net plan

Bunashimeji(Bunapi including) Eryngii Maitake Shimofuri hiratake Fresh Donko

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