P/L of Financial Results : First Quarter

(1) Quarterly consolidated statement of income

				(Thousands of yen)
			Three months ended	Three months ended
			August 31, 2022	August 31, 2023
	Net sales		2,643,609	2,804,786
	Cost of sales	1,599,567	1,746,848
	Gross profit		1,044,042	1,057,938
	Selling, general and administrative expenses		699,664	750,280
	Operating income		344,378	307,657
	Non-operating income
	Interest income		1,993	8,259
	Dividend income	75	10
	Foreign exchange gains		21,615	21,730
	Real estate rent	32,500	31,839
	Share of profit of entities accounted for using equity method		18,279	19,776
	Other	18,551	3,919
	Total non-operating income		93,015	85,535
	Non-operating expenses
	Interest expenses		1,566	3,401
	Rent expenses on real estates	20,085	19,045
	Other		194	608
	Total non-operating expenses		21,845	23,054
	Ordinary income		415,548	370,138
	Income before income taxes and minority interests		415,548	370,138
	Income taxes - current		161,854	130,530
	Income taxes - deferred		△34,077	△13,735
	Total income taxes		127,777	116,795
	Profit		287,770	253,342
	Profit attributable to non-controlling interests		1,208	1,371
	Profit attributable to owners of parent		286,561	251,970

(2) Quarterly consolidated statement of comprehensive income

				(Thousands of yen)
			Three months ended	Three months ended
			August 31, 2022	August 31, 2023
	Profit		287,770	253,342
	Other comprehensive income
	Valuation difference on available-for-sale securities		21,411	27,706
	Deferred gains or losses on hedges	2,251	－
	Foreign currency translation adjustment		272,441	222,957
	Remeasurements of defined benefit plans, net of tax	865	394
	Total other comprehensive income		296,970	251,059
	Comprehensive income		584,740	504,401
	Comprehensive income attributable to
	Comprehensive income attributable to owners of parent	578,598	500,550
	Comprehensive income attributable to non-controlling		6,142	3,851
	interests