Kobe Bussan : Monthly Performance for November 2023

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

KOBE BUSSAN CO., LTD.

	December 20, 2023
Company name:	Kobe Bussan Co., Ltd.
Securities code:	3038
Listing:	Prime Market of Tokyo Stock Exchange
Representative:	Hirokazu Numata,
	President and Representative Director
Contact:	Masahiro Sakamoto,
	Manager, Corporate Planning Department

Monthly Performance for November 2023

Kobe Bussan Co., Ltd. discloses its monthly performance for November 2023 on a non-consolidated basis.

1. Trends in net sales, gross profit, operating profit, and ordinary profit (non-consolidated)
	[Net sales]				(Upper: Millions of yen, Lower: YoY %)
	Nov.	Dec.	Jan.	Feb.	Mar.	Apr.	H1
	41,690
	112.8
	May	June	July	Aug.	Sept.	Oct.	H2		Full year

[Gross profit]				(Upper: Millions of yen, Lower: YoY %)
Nov.	Dec.	Jan.	Feb.	Mar.	Apr.	H1
3,991
128.1
May	June	July	Aug.	Sept.	Oct.	H2	Full year

[Operating profit]				(Upper: Millions of yen, Lower: YoY %)
Nov.		Dec.	Jan.	Feb.	Mar.	Apr.	H1
2,389
138.5
May		June	July	Aug.	Sept.	Oct.	H2		Full year

[Ordinary profit]				(Upper: Millions of yen, Lower: YoY %)
Nov.		Dec.	Jan.	Feb.	Mar.	Apr.	H1
191
109.7
May		June	July	Aug.	Sept.	Oct.	H2		Full year

Note: This flash report is unaudited and the figures are subject to change. Accordingly, they are revised and updated as appropriate on a timely basis if differed from the quarterly or annual results. For the purpose of year-on-year comparison, buy-sell transactions with subsidiaries are not accounted for under the Accounting Standard for Revenue Recognition on a monthly basis. The figures under the Standard will be disclosed in the full-year financial results.

2. Trends in the number of Gyomu Super stores

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

Directly

Opened

0

managed

Closed

0

areas

Total

664

Indirectly

Opened

2

managed

Closed

0

areas

Total

382

Total franchise stores

1,046

Total directly operated stores

4

Total stores

1,050

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly

Opened

managed

Closed

areas

Total

Indirectly

Opened

managed

Closed

areas

Total

Total franchise stores

Total directly operated stores

Total stores

■ Directly managed areas (areas with franchise stores under general franchise contract)

[Hokkaido area]

Hokkaido prefecture

[Kanto area]

Tokyo, Chiba, Kanagawa, and Saitama prefectures

[Kansai area]

Osaka, Kyoto, Hyogo (excl. Awaji Island), Nara, Wakayama, and Shiga prefectures

[Kyushu area]

Fukuoka, Saga, Nagasaki, Kumamoto, Oita, and Miyazaki prefectures

• Indirectly managed areas (areas with franchise stores under area franchise contract) Prefectures other than those listed above

[Stores opened during November 2023]

Store name

Address

[Indirectly managed areas]

―

Tsukubamirai

1-28-4 Fujimigaoka, Tsukubamirai-shi, Ibaraki

Hamamatsu Hogawa

85-1Tsumori-cho,Minami-ku,Hamamatsu-shi, Shizuoka

3. Year-on-year changes in product shipments to Gyomu Super stores

(YoY %)

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

Directly managed areas

Existing stores

108.7

All stores

112.7

Nationwide*

All stores

113.1

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly managed areas

Existing stores

All stores

Nationwide*

All stores

* "Nationwide" represents the product shipments to the stores in both directly and indirectly managed areas.

4. Overview

For November 2023, we reported net sales of ¥41,690 million (up 12.8% year-on-year), gross profit of ¥3,991 million (up

28.1%), operating profit of ¥2,389 million (up 38.5%), and ordinary profit of ¥191 million (up 9.7%)on a non-consolidated basis.

During the period, Gyomu Super opened two stores, resulting in 1,050 stores in total, an increase of 42 stores from a year earlier. In addition, net sales also increased driven by the continued coverage on many television programs and social media.

Our product shipments to Gyomu Super stores remained strong, with an increase of 8.7%from a year earlier to existing stores in directly managed areas, an increase of 12.7%to all stores in directly managed areas, and an increase of 13.1%to all stores nationwide.

In terms of our product trends, sales of conveniently available frozen vegetables and new products produced in our group's plants continued showing a strong positive trend. Also, items with high demand at school festivals and other events contributed to sales growth.

As for ordinary profit, we have continued entering into forward exchange contracts, which have led to recording a valuation loss on them under non-operating expenses as in the same month of the previous fiscal year.

5. Scheduled disclosure date

The flash report for December is scheduled to be released on Wednesday, January 24. Please note that the date of release may be changed for unavoidable reasons.