Hokuto : Consolidated Financial Results for the second quarter Ended September 30, 2022

HOKUTO Corporation

Consolidated Financial Results

for the second quarter Ended

September 30, 2022

November, 2022

Contents

1. The financial report for the second quarter Ended September 30, 2022
2. Recent Activities
3. Reference material

2

Outline of consolidated reports for the 2nd quarter of FY March 2023

◆Consolidated			(Millions of yen)
		2Q ended	YoY	cf.Plan
		Sep. 30, 2022
Net sales		31,617	100.4%	91.4%
Operating profit		△4,397	－	－
Profit attributable to		△2,208	－	－
owners of parent

◆Individual	(Millions of yen)
2Q ended		YoY	cf.Plan
Sep. 30, 2022
20,168		95.8%	84.0%
△4,421		－	－
△1,711		－	－

Mushroom prices were weak due to the effects of low vegetable prices, resulting in decreased income and profits for the mushroom business in Japan.

The mushroom business outside Japan was also sluggish, but sales exceeded the previous year due to the effects of exchange rates.

◆By Segment

(Millions of yen)

	Mushroom business	Mushroom business	Processed products	Chemical products
	in Japan	outside Japan	business	business
	2Q ended	YoY	2Q ended	YoY	2Q ended	YoY	2Q ended	YoY
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2022
Net sales	18,896	95.5%	3,148	109.5%	3,949	110.4%	5,623	106.9%
Operating	△3,412	－	△150	－	106	70.1%	89	148.8%
profit
								3

Consolidated Account at the 2nd quarter in FY March 2023 (cf. previous year)

				(Millions of yen)
	2Q ended	2Q ended	YoYchange	YoY
	Sep. 30, 2021	Sep. 30, 2022

Net sales	31,497	31,617	120	100.4%
Gross profit	6,190	3,141	△3,048	50.7%
Gross profit margin	19.7%	9.9%
Selling, general and	7,103	7,538	435	106.1%
administrative expenses
Operating profit	△913	△4,397	△3,484	－
Operating profit margin	△2.9%	△13.9%
Ordinary profit	△725	△2,769	△2,043	－
Ordinary profit margin	△2.3%	△8.8%
Profit attributable to	△612	△2,208	△1,595	－
owners of parent
Net profit margin	△1.9%	△7.0%
Earnings per share	△19.45	△69.89

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

40,734	42,893		43,541
	988		933
982		1,565	1,565
	1,597
	7,785		8,052
6,484
9,235	8,988		9,155

22,434	23,565	23,834

Previous fiscal year

Nex experience

Net plan

Bunashimeji(Bunapi including) Eryngii Maitake Shimofuri hiratake Fresh Donko

5