Oisix ra daichi : FY2022/3 1Q Financial Results

		August 12, 2021
	Consolidated Financial Results
	for the Three months Ended June 30, 2021
	[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:	Daisaku Kadomae, General Manager of Administration Division
Scheduled date of filing of Quarterly Report:	August 13, 2021
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, 2021 (from April 1, 2021 to June 30, 2021)

(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, 2021	27,911	20.7	1,950	△6.1	2,316	△4.2	1,293	9.3
	June 30, 2020 *2	23,132	42.2	2,076	282.3	2,419	220.3	1,184	337.9

	Comprehensive income: 1st Quarter of FY2021 (As of June 30, 2021)	1,464 million yen (30.5%)
	1st Quarter of FY2020 (As of June 30, 2020)	1,121 million yen (366.3%)
(Note)
*1. EBITDA stands for earnings before depreciation and amortisation.

*2. Operating income for the 1Q of the previous 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.

Three months ended	Net Income per	Diluted Net
Share	Income per Share
	Yen	Yen
June 30, 2021	35.41	35.38
June 30, 2020	31.60	31.47

(2) Consolidated Financial Position

Period ended	Total Assets	Net Assets	Shareholders'
Equity Ratio
	Million yen	Million yen	%
June 30, 2021	37,525	21,461	54.8
March 31, 2021	38,360	19,991	49.8

2. Dividends

Fiscal Year ended or ending						Dividend per Share
	1Q			2Q		3Q		Year-end		Total
			Yen		Yen		Yen		Yen		Yen
March 31,2021			―	0.00		―		0.00	0.00
March 31,2022			―
March 31,2022 (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, 2022 (from April 1, 2021 to March 31, 2022)

(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	105,000		4.9	5,000	△33.0	6,500	△27.0	3,000		△40.4	82.13

(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:	Yes
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, 2021	38,014,492shares
		As of March 31, 2021	37,998,908shares
2)	Number of treasury stocks:
		As of June 30, 2021	1,469,655shares
		As of March 31, 2021	1,469,655shares
3)	Number of average shares during the period:
		Three months ended June 30, 2021	36,536,119shares
		Three months ended June 30, 2020	37,475,279shares

• 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, 2021	As of June 30, 2021
	Assets
	Current assets
	Cash and deposits		15,580	13,122
	Accounts receivable - trade	8,485	8,888
	Merchandise and finished goods		1,730	1,739
	Work in process	85	104
	Raw materials and supplies		422	505
	Accounts receivable - other	2,789	3,089
	Other		412	477
	Allowance for doubtful accounts		△205	△221
	Total current assets		29,301	27,705
	Non-current assets
	Property, plant and equipment		2,234	3,004
	Intangible assets
	Goodwill		1,698	1,641
	Other	2,064	2,147
	Total intangible assets		3,763	3,789
	Investments and other assets		3,062	3,025
	Total non-current assets		9,059	9,819
	Total assets		38,360	37,525

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(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Liabilities

Current liabilities

Accounts payable - trade

Short-term borrowings

Current portion of long-term borrowings

Lease obligations

Accounts payable - other

Income taxes payable

Provision for point card certificates

Other

Total current liabilities

Non-current liabilities

Long-term borrowings

Lease obligations

Provision for retirement benefits for directors (and other officers)

Asset retirement obligations

Deferred tax liabilities

Other

Total non-current liabilities

Total liabilities

Net assets

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment

	6,173		6,613
	1,040	1,000
	9		38
	25	25
	6,178		5,420
	2,292	594
	279		61
	1,541	1,473
	17,540		15,227
	245		251
	30	27
	6		7
	325	325
	13		19
	206	205
	828		835
	18,369	16,063
	3,993		3,994
	8,014	8,015
	11,718		13,014
	△4,502	△4,502
	19,223		20,521
	25		13
	△158	41

Total accumulated other comprehensive income		△133	55
Non-controlling interests		900	884
Total net assets		19,991	21,461
Total liabilities and net assets		38,360	37,525

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(2) Consolidated Statement of Income

				(Millions of yen)
			Three months ended	Three months ended
			June 30, 2020	June 30, 2021
	Net sales		※23,132	※27,911
	Cost of sales	11,552	14,171
	Gross profit		11,579	13,739
	Selling, general and administrative expenses		9,503	11,789
	Operating profit		2,076	1,950
	Non-operating income
	Interest income		0	0
	Dividend income	0	0
	Compensation income		3	3
	Subsidy income		－	9
	Material recycling revenue		1	1
	Recoveries of written off receivables	3	2
	Other		6	5
	Total non-operating income		15	22
	Non-operating expenses
	Interest expenses	4	4
	Share issuance costs		17	－
	Foreign exchange losses	4	4
	Share of loss of entities accounted for using equity		221	23
	method
	Other	2	2
	Total non-operating expenses		251	34
	Ordinary profit		1,840	1,938
	Profit before income taxes		1,840	1,938
	Income taxes - current		676	468
	Income taxes - deferred		△12	194
	Total income taxes		663	662
	Profit		1,176	1,276
	Loss attributable to non-controlling interests		△7	△17
	Profit attributable to owners of parent		1,184	1,293

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