Oisix ra daichi : 2023.3 1Q Financial Results

		August 10, 2022
	Consolidated Financial Results
	for the Three months Ended June 30, 2022
	[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:	Kohei Matsumoto, Director, Corporate Planning Division General Manager
Scheduled date of filing of Quarterly Report:	August 12, 2022
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, 2022 (from April 1, 2022 to June 30, 2022)

(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
		Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2022	27,901	△0.0	962	△50.7	1,498	△35.3	587	△54.6
	June 30, 2021	27,911	20.7	1,950	△6.1	2,316	△4.2	1,293	9.3

	Comprehensive income: 1st Quarter of 2023.3 (As of June 30, 2022)	787 million yen (△46.2%)
	1st Quarter of 2022.3 (As of June 30, 2021)	1,464 million yen (30.5%)
(Note)
*1. EBITDA stands for earnings before depreciation and amortisation.

Three months ended	Net Income per	Diluted Net
Share	Income per Share
	Yen	Yen
June 30, 2022	16.07	-
June 30, 2021	35.41	35.38

(2) Consolidated Financial Position

Period ended	Total Assets	Net Assets	Shareholders'
Equity Ratio
	Million yen	Million yen	%
June 30, 2022	52,765	24,672	43.5
March 31, 2022	52,634	23,872	42.0

2. Dividends

Fiscal Year ended or ending						Dividend per Share
	1Q			2Q		3Q		Year-end		Total
			Yen		Yen		Yen		Yen		Yen
March 31,2022			―	0.00		―		0.00	0.00
March 31,2023			―
March 31,2023 (Forecast)				0.00		―		0.00	0.00

(Note)

Revisions to the most recently announced forecast: None

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3. Forecast for the Fiscal Year Ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(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	120,000		5.7	4,500		7.9	6,500		4.6	2,500		△8.3	68.41

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

		As of June 30, 2022	38,028,092shares
		As of March 31, 2022	38,014,892shares
2)	Number of treasury stocks:
		As of June 30, 2022	1,469,875shares
		As of March 31, 2022	1,469,831shares
3)	Number of average shares during the period:
		Three months ended June 30, 2022	36,549,142shares
		Three months ended June 30, 2021	36,536,119shares

• 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.

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Consolidated Financial Statements

(1) Consolidated Balance Sheet

				(Millions of yen)
			As of March 31, 2022	As of June 30, 2022
	Assets
	Current assets
	Cash and deposits		13,071	12,906
	Accounts receivable - trade	8,964	8,896
	Merchandise and finished goods		1,950	1,793
	Work in process	83	75
	Raw materials and supplies		532	515
	Accounts receivable - other	2,927	3,248
	Other		1,217	831
	Allowance for doubtful accounts		△232	△220
	Total current assets		28,514	28,046
	Non-current assets
	Property, plant and equipment
	Leased assets, net	12,330	12,150
	Other, net		4,152	4,203
	Total property, plant and equipment	16,482	16,353
	Intangible assets
	Goodwill	1,261	1,281
	Other		2,271	2,311
	Total intangible assets		3,533	3,592
	Investments and other assets		4,103	4,772
	Total non-current assets		24,119	24,718
	Total assets		52,634	52,765

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						(Millions of yen)
				As of March 31, 2022	As of June 30, 2022
	Liabilities
	Current liabilities
	Accounts payable - trade			6,188		6,336
	Short-term borrowings	1,010	1,010
	Current portion of long-term borrowings			39		36
	Lease liabilities	692	695
	Accounts payable - other			5,855		5,082
	Income taxes payable	226	397
	Contract liabilities			250		276
	Provision for bonuses			－	1
	Provision for point card certificates			151		142
	Other	1,501	1,409
	Total current liabilities			15,914		15,388
	Non-current liabilities
	Long-term borrowings		101		94
	Lease liabilities	11,956	11,823
	Provision for retirement benefits for directors			8		8
	(and other officers)
	Asset retirement obligations	561	560
	Deferred tax liabilities		29		28
	Other	190	189
	Total non-current liabilities			12,847		12,704
	Total liabilities	28,762	28,093
	Net assets
	Shareholders' equity
	Share capital		3,994		3,995
	Capital surplus	8,015	8,016
	Retained earnings		14,448		15,035
	Treasury shares			△4,503	△4,503
	Total shareholders' equity		21,954		22,544
	Accumulated other comprehensive income
	Valuation difference on available-for-sale			16		23
	securities
	Foreign currency translation adjustment		160	365
	Total accumulated other comprehensive income			177		388
	Non-controlling interests		1,739	1,738
	Total net assets			23,872		24,672
	Total liabilities and net assets	52,634	52,765

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(2) Consolidated Statement of Income

				(Millions of yen)
			Three months ended	Three months ended
			June 30, 2021	June 30, 2022
	Net sales		※27,911	※27,901
	Cost of sales	14,171	14,405
	Gross profit		13,739	13,496
	Selling, general and administrative expenses	11,789	12,534
	Operating profit		1,950	962
	Non-operating income
	Interest income		0	0
	Dividend income	0	0
	Compensation income		3	4
	Subsidy income	9	－
	Material recycling revenue		1	1
	Recoveries of written off receivables	2	3
	Other		5	16
	Total non-operating income	22	26
	Non-operating expenses
	Interest expenses	4	27
	Foreign exchange losses		4	－
	Share of loss of entities accounted for using	23	51
	equity method
	Other		2	1
	Total non-operating expenses	34	80
	Ordinary profit		1,938	908
	Profit before income taxes	1,938	908
	Income taxes - current		468	335
	Income taxes - deferred	194	△4
	Total income taxes		662	331
	Profit	1,276	576
	Loss attributable to non-controlling interests		△17	△10
	Profit attributable to owners of parent	1,293	587

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