August 14, 2020

Consolidated Financial Results

for the Three months Ended June 30, 2020

[Japanese GAAP]

Company name:

Oisix ra daichi Inc.

Stock exchange listings: TSE

Securities code:

3182

URL: http://www.oisixradaichi.co.jp

Representative:

Kohey Takashima, Representative Director, CEO

Contact:

Hajime Yamanaka, Corporate Officer, Administration

Scheduled date of filing of Quarterly Report:

August 14, 2020

Scheduled date of payment of dividend:

-

Preparation of supplementary materials for financial results:

Yes

Holding of quarterly financial results meeting:

None

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Three Months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)

(1) Consolidated Operating Results

(% of change from previous year)

Net Income

Three months ended

Net Sales

Operating Income

EBITDA*1

Attributable to Owners

of the Parent*3

Million yen

%

Million yen

%

Million yen

%

Million yen

%

June 30, 2020

23,132

42.2

2,076

282.3

2,419

220.3

1,184

337.9

June 30, 2019

16,265

3.5

543

11.0

755

6.6

270

49.7

Comprehensive income: 1st Quarter of FY2020 (As of June 30, 2020)

1,121

million yen (366.3%)

1st Quarter of FY2019 (As of June 30, 2019)

240 million yen (55.0%)

(Note)

*1. EBITDA stands for earnings before depreciation and amortisation.

*2. Operating income for the 1Q of the fiscal year under review has increased exceptionally. This is because the rapid increase in demand for home delivery accompanying the spread of COVID-19 has caused excess shipping capacity for Oisix brands, and we temporarily suspended the acquisition of new customers, prioritizing existing subscribers, resulting in promotional expenses decrease significantly.

*3. Operating income for the 1Q of the previous fiscal year does not include the income and loss of Three Limes, Inc. (hereafter Purple carrot), which has been included in the scope of consolidation since the 3Q of the previous fiscal year.

Three months ended

Net Income per

Diluted Net

Share

Income per Share

Yen

Yen

June 30, 2020

31.60

31.47

June 30, 2019

8.05

7.98

(2) Consolidated Financial Position

Period ended

Total Assets

Net Assets

Shareholders'

Equity Ratio

Million yen

Million yen

%

June 30, 2020

33,808

20,220

58.4

March 31, 2020

26,087

14,195

53.7

2. Dividends

Fiscal Year ended or ending

Dividend per Share

1Q

2Q

3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

March 31,2020

0.00

0.00

0.00

March 31,2021

March 31,2021 (Forecast)

0.00

0.00

0.00

(Note)

Revisions to the most recently announced forecast: None

1

3. Forecast for the Fiscal Year Ending March 31, 2021 (from April 1, 2020 to March 31, 2021)

(Percentages represent year-on-year changes)

Net Sales

Operating Income

EBITDA

Net Income

Net Income

per Share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

78,000

9.8

3,000

4,400

22.4

1,200

51.9

34.96

21.6

(Note)

*1.Revisions to the most recently announced forecast: None

  • Notes
  1. Changes of important subsidiaries during the period

(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):None

(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly

financial statements:

None

(3) Changes in accounting policies and accounting estimates, and restatements

1)

Changes in accounting policies due to revisions in accounting standards:

None

2)

Changes in accounting policies other than 1) above:

None

3)

Changes in accounting estimates:

None

4)

Restatements:

None

  1. Number of shares issued (common shares)
    1. Number of shares issued (including treasury stock):

As of June 30, 2020

37,993,836shares

As of March 31, 2020

34,324,116shares

2)

Number of treasury stocks:

As of June 30, 2020

3,867shares

As of March 31, 2020

3,780shares

3)

Number of average shares during the period:

Three months ended June 30, 2020

37,475,279shares

Three months ended June 30, 2019

33,611,321shares

  • This financial report is outside the scope of the audit by certified public accountants or auditing firms.
  • Explanation of the proper use of forecast and other notes
    The forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document. They are not intended as the Company's commitment to achieve such forecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.

2

Consolidated Financial Statements

(1) Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2020

As of June 30, 2020

Assets

Current assets

Cash and deposits

7,676

13,090

Accounts receivable - trade

6,824

7,433

Merchandise and finished goods

1,330

1,405

Work in process

15

23

Raw materials and supplies

265

272

Accounts receivable - other

1,989

2,830

Other

379

366

Allowance for doubtful accounts

231

214

Total current assets

18,250

25,208

Non-current assets

Property, plant and equipment

1,432

2,276

Intangible assets

Goodwill

2,375

2,191

Other

1,859

1,882

Total intangible assets

4,234

4,073

Investments and other assets

2,170

2,249

Total non-current assets

7,837

8,599

Total assets

26,087

33,808

3

(Millions of yen)

Three months ended

Three months ended

June 30, 2019

June 30, 2020

Liabilities

Current liabilities

Accounts payable - trade

4,975

5,854

Current portion of long-term borrowings

9

8

Accounts payable - other

4,277

4,556

Income taxes payable

651

739

Provision for bonuses

140

Provision for point card certificates

184

209

Other

943

1,244

Total current liabilities

11,043

12,753

Non-current liabilities

Long-term borrowings

43

42

Lease obligations

35

30

Provision for retirement benefits for directors

5

6

(and other officers)

Asset retirement obligations

322

322

Deferred tax liabilities

138

131

Other

302

301

Total non-current liabilities

848

834

Total liabilities

11,891

13,587

Net assets

Shareholders' equity

Share capital

1,691

3,993

Capital surplus

5,705

8,006

Retained earnings

6,687

7,872

Treasury shares

2

2

Total shareholders' equity

14,081

19,868

Accumulated other comprehensive income

Valuation difference on available-for-sale

21

29

securities

Foreign currency translation adjustment

39

85

Total accumulated other comprehensive income

60

115

Non-controlling interests

174

467

Total net assets

14,195

20,220

Total liabilities and net assets

26,087

33,808

4

(2) Consolidated Statement of Income

(Millions of yen)

Three months ended

Three months ended

June 30, 2019

June 30, 2020

Net sales

16,265

23,132

Cost of sales

8,552

11,552

Gross profit

7,712

11,579

Selling, general and administrative expenses

7,169

9,503

Operating profit

543

2,076

Non-operating income

Interest income

0

0

Dividend income

0

0

Compensation income

2

3

Gain on sales of scraps and recycling paper

3

1

Recoveries of written off receivables

2

3

Other

7

6

Total non-operating income

15

15

Non-operating expenses

Interest expenses

0

4

Share issuance costs

0

17

Foreign exchange losses

7

4

Share of loss of entities accounted for using equity

70

221

method

Other

1

2

Total non-operating expenses

80

251

Ordinary profit

478

1,840

Profit before income taxes

478

1,840

Income taxes - current

75

676

Income taxes - deferred

138

12

Total income taxes

214

663

Profit

263

1,176

Loss attributable to non-controlling interests

6

7

Profit attributable to owners of parent

270

1,184

5

(3) Consolidated Statement of Comprehensive Income

(Millions of yen)

Three months ended

Three months ended

June 30, 2019

June 30, 2020

Profit

Other comprehensive income

Valuation difference on available-for-sale securities

Foreign currency translation adjustment

Share of other comprehensive income of entities accounted for using equity method

263

1,176

1

0

10

45

11

8

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to Comprehensive income attributable to owners of parent

Comprehensive income attributable to non- controlling interests

23

54

240

1,121

247

1,129

6

7

6

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Oisix.Daichi Inc. published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 06:02:02 UTC