May 11, 2023

Consolidated Financial Results
for the Fiscal year Ended March 31, 2023
[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, CEOContact:
Kohei Matsumoto, Director, Corporate Planning Division General Manager
Scheduled date of Ordinary General Meeting of Shareholders:June 27, 2023
Scheduled date of payment of dividend:
Scheduled date of filing of Quarterly Report:
June 28, 2023
Preparation of supplementary materials for financial results:
YesHolding of quarterly financial results meeting:Yes(All amounts are rounded down to the nearest million yen)

1. Financial Results for the Fiscal Year Ended March 31, 2023

(from April 1, 2022 to March 31, 2023)(1) Operating Results
Fiscal Year Ended

March 31, 2023
March 31, 2022(% of change from previous year)
Net Sales

Operating Income

March 31, 2023
March 31, 2022

Owners of the Parent

Million yen%

Million yen%

Million yen%

Million yen%

115,176
113,476

1.5
13.4

3,346
4,171

△19.8
△44.1

5,595
6,216

△10.0
△30.2

1,807
2,727

△33.7
△45.8

1.Comprehensive income: Fiscal Year Ended (As of March 31, 2023)
Fiscal Year Ended (As of March 31, 2022)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.

Fiscal Year Ended

Net Income Attributable toEBITDA*1

Net Income perShare

2,110million yen (△28.9%)
2,968million yen (△39.4%)

Diluted Net
Income per Share

Returnon Equity

Returnon Assets

Operating
Income MarginYen

Yen%%%

49.45
74.64

74.60

7.7
13.2

4.8
9.1

2.9
3.7

(Reference)
Equity in earningus (losses) of affiliates (million yen):Fiscal Year Ended (As of March 31, 2023)△113

Fiscal Year Ended (As of March 31, 2022)1△15(2) Financial Position
Fiscal Year Ended

Total Assets

Shareholders’Equity Ratio

Net Assets

Net Assets
per Share

Million yen

Million yen%

Yen

64,502
52,634

26,14023,87238.1
42.0

672.84605.63

March 31, 2023
March 31, 2022

(Reference)
Shareholders’ equity (million yen):
As of March 31, 2023 : 24,597
As of March 31, 2022 : 22,132(3) Cash Flow
Fiscal Year Ended

Operating Activities

Investing Activities

Cash and Cash

Financing Activities

equivalents at end of year

Million yen

Million yen

Million yen

Million yen

5,306
924

△12,072△4,1108,265
636

14,72013,033

March 31, 2023
March 31, 2022

2. Dividends
Dividend per Share
Fiscal Year ended or ending

1Q

2Q

3Q

Amounts

Year-end

Annualof Dividend(total)Dividend
Ratio

Dividendon Equity

Yen

Yen

Yen

Yen

Yen

Million Yen%%

March 31,2022
March 31,2023

――

0.00
0.00

―
―

0.00
0.00

0.00
0.00

―
―

―
―

――

March 31,2024 (Forecast)

―

0.00

―

0.00

0.00

―

3. Forecast for the Fiscal Year Ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

126,500

Operating Income

EBITDA%

Million yen%

9.8

6,00079.3

Million yen

8,000(Note)
EBITDA stands for earnings before depreciation and amortisation.

2Net Incomeper ShareNet Income%Million yen%

Yen

43.0

3,800

110.2

103.94

* Notes(1) Significant changes in scope of consolidation(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):

Yes

Newly consolidated: One company
Future Food Fund No.2 investment limited partnership(2) Changes in accounting policies and accounting estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards:

None2) Changes in accounting policies other than 1) above:None3) Changes in accounting estimates:

None4) Restatements:

None(3) Number of shares issued (common shares)
1) Number of shares issued (including treasury stock):
As of March 31, 2023

38,028,092shares

As of March 31, 2022

38,014,892shares

2) Number of treasury stocks:
As of March 31, 2023

1,469,994shares

As of March 31, 2022

1,469,831shares

3) Number of average shares during the period:
Fiscal year ended March 31, 2023

36,555,918sharesFiscal year ended March 31, 2022

36,542,689shares

3

(Reference)

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023
(from April 1, 2022 to March 31, 2023)(1) Operating Results(% of change from previous year)

Fiscal Year Ended

Net Sales

Ordinary income

Net Income*2

Million yen%

Million yen%

Million yen%

Million yen%

102,821
101,541

1.3
12.4

4,291
4,009

7.0
△45.3

4,2304,036

4.8
△45.4

2,605
2,544

2.4
△44.2

March 31, 2023
March 31, 2022

Fiscal Year Ended

Operating Income

Net Income perShareMarch 31, 2023
March 31, 2022

Diluted Net
Income per Share

Yen

Yen

71.27
69.64

69.60

(2) Financial Position
Fiscal Year Ended

March 31, 2023
March 31, 2022
(Reference)
Shareholders’ equity(million yen)

Total Assets

Net Assets

Shareholders’Equity Ratio

Net Assets
per Share

Million yen

Million yen%

Yen

61,722
48,62324,55821,82139.8
44.9

671.75597.12As of March 31, 2023 : 24,558

As of March 31, 2022 : 21,821* 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 suchforecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.

4Consolidated Financial Statements(1) Consolidated Balance Sheet(Millions of yen)
As of March 31, 2022

As of March 31, 2023

AssetsCurrent assets
Cash and deposits

13,071

14,775

Accounts receivable - trade

8,964

9,626

Merchandise and finished goods

1,950

1,802

Work in process

83

77

Raw materials and supplies

532

599

Accounts receivable - other

2,927

3,147

Other

1,217

886

Allowance for doubtful accounts

△232

△234

28,51430,680

2,018

2,027

Accumulated depreciation

△771

△858

Buildings and structures, net

1,247

1,168

Machinery, equipment and vehicles

2,651

2,857

Accumulated depreciation△492△737Machinery, equipment and vehicles, net

2,158

2,120

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Leased assets

13,266

13,296

Accumulated depreciation△936△1,655

Leased assets, net

12,33011,641

1,067

1,876

△320

△407

Other
Accumulated depreciation
Other, net

747

1,468

16,482

16,399Goodwill

1,261

1,190

Other

2,271

2,419

Total intangible assets

3,533

3,609

Investment securities

1,796

11,450

Leasehold and guarantee deposits

Total property, plant and equipment
Intangible assetsInvestments and other assets
1,513

1,432

Deferred tax assets

656

788

Other137

139

Total investments and other assets
Total non-current assets
Total assets

54,103

13,812

24,11933,821

52,63464,502

(Millions of yen)
As of March 31, 2022

As of March 31, 2023

Liabilities
Current liabilities
Accounts payable - trade

6,188

6,309

Short-term borrowings

1,010

10,0603927

Current portion of long-term borrowings
Lease liabilities

692

705

5,855

5,914

Income taxes payable

226

831

Contract liabilities

250

397

Accounts payable - otherProvision for point card certificates

151

80

Other

1,501

1,906

Total current liabilities

15,914

26,231

101

74

11,956

11,29389

Non-current liabilities
Long-term borrowings
Lease liabilities
Provision for retirement benefits for directors (andother officers)
Asset retirement obligations

561

554

Deferred tax liabilities

29

21

Other

190

176

12,847

12,13028,76238,361

3,994

3,995

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

8,015

8,016

Retained earnings

14,44816,255

Treasury shares△4,503△4,503

Total shareholders' equity

21,95423,764

Valuation difference on available-for-sale securities

16155

Foreign currency translation adjustment

160

677

Total accumulated other comprehensive income

177

832

Non-controlling interests

1,739

1,542

Total net assets

23,872

26,14052,63464,502

Accumulated other comprehensive income

Total liabilities and net assets

6

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive
Income- Consolidated Statement of Income(Millions of yen)
Period ended
March 31, 2022
113,476

Period ended
March 31, 2023
115,176

Cost of sales

58,921

59,740Gross profit

54,55555,436

Selling, general and administrative expenses

50,38352,089Operating profit

4,171

3,346

Interest income

00

Dividend income

00

Reversal of long-term deposits received

6－Compensation income

1616

Material recycling revenue

66

Revocation gains of gift cards

11

Recoveries of written off receivables

249

Subsidy income

4312

Other

34

36

Total non-operating income

134

84

Interest expenses

93

125

Foreign exchange losses

148

18－15113

Net sales

Non-operating income

Non-operating expenses

Loss of compensation
Share of loss of entities accounted for using equity
methodLoss on investments in investment partnerships

－356

Other

1017

Total non-operating expenses

152

620

4,153

2,810

Gain on extinguishment of debt

223－

Total extraordinary income

223－

Ordinary profit
Extraordinary income

Extraordinary losses
Impairment losses

914

Loss on valuation of investment securities

9143

Total extraordinary losses

18158

Profit before income taxes

4,358

2,652

Income taxes - current

1,494

1,335

Income taxes - deferred

205

△137

Total income taxes

1,700

1,198

Profit

2,657

1,454

Profit attributable to non-controlling interests△69△353

Profit attributable to owners of parent

2,727

1,807

7

-Consolidated Statement of Comprehensive Income
Period ended
March 31, 2022
2,657(Millions of yen)
Period ended
March 31, 2023
1,454

△1130

319

516

△79310

656

2,968

2,110

Comprehensive income attributable to owners of parent

3,038

2,464

Comprehensive income attributable to non-controlling interests△69△353

ProfitOther 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
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to8

（3）Consolidated Statement of Changes in Shareholders' Equity
Period ended March 31, 2022
(Millions ofyen)
Shareholders' equity
Share
capitalBalance at beginning of period

Capitalsurplus

3,993

Retainedearnings

8,014

11,718Cumulative effects of changes inaccounting policies
Restated balance

Treasuryshares△4,502

Total
shareholders'equity

19,223

13,9938,014

1111,720

1△4,502

19,225

Changes during period
Issuance of new shares
Profit attributable to owners of parent

22,727Purchase of treasury shares

2,727△0△0Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

11

2,727

△0

2,729

3,994

8,015

14,448△4,503

21,954

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Foreigncurrencytranslation
adjustment

Total
accumulated
othercomprehensive income

25

△158

△133

Noncontrollinginterests

900

Cumulative effects of changes inaccounting policies
Restated balance

Total net
assets19,991
125

△158

△133

900

19,993

Changes during period
Issuance of new shares

2

Profit attributable to owners of parent

2,727

Purchase of treasury shares△0Net changes in items other thanshareholders' equity

△8319

310

838

1,149

Total changes during period

△8319

310

838

3,878

16160

177

1,739

23,872

Balance at end of period

9Period ended March 31, 2023
(Millions ofyen)
Shareholders' equity
Sharecapital
Balance at beginning of period

Capitalsurplus

3,994

Retainedearnings

8,015

14,448Treasuryshares△4,503

Total
shareholders'equity21,954

Cumulative effects of changes inaccounting policies
Restated balance

－
3,994

8,015

1

1

14,448△4,503

21,954

Changes during period
Issuance of new shares
Profit attributable to owners of parent

2
1,807

Purchase of treasury shares

1,807
△0△0

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

111,807△01,809

3,995

8,016

16,255△4,50323,764

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Foreigncurrencytranslation
adjustment

Total
accumulated
othercomprehensiv
e income

16160

177

Noncontrollinginterests

1,739

Cumulative effects of changes inaccounting policies
Restated balance

Total net
assets23,872－16160

177

1,739

23,872

Changes during period
Issuance of new shares

2

Profit attributable to owners of parent

1,807

Purchase of treasury shares△0Net changes in items other thanshareholders' equity

138516654△196458

Total changes during period

138

516

654

△196

2,267

155

677

832

1,542

26,140

Balance at end of period10(4) Consolidated Statement of Cash Flow(Millions of yen)
Period ended
March 31, 2022

Period ended
March 31, 2023

Cash flows from operating activities
Profit before income taxes

4,358

2,652

Depreciation

1,465

1,985

577

263

914

Amortization of goodwill
Impairment losses
Gain on extinguishment of debt
Loss (gain) on valuation of investment securities△223－9143

Increase (decrease) in allowance for doubtful accounts

272Interest and dividend income△0△0Interest expenses

93125

2015113

Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on investments in partner－356

Decrease (increase) in trade receivables

△461

△660

Decrease (increase) in accounts receivable - other

△137

△220

Decrease (increase) accruned consumption tax refund△367367

Decrease (increase) in inventories

△299

144

Increase (decrease) in trade payables△3855

Increase (decrease) in accounts payable - other

△396

217

250

146

Increase (decrease) in contract liabilitiesIncrease (decrease) in accrued expenses

56△12Other, net△451489

Subtotal

4,487

6,184

01△61△125－800

Interest and dividends received
Interest paid
Payments into deposit money
Proceeds from repayment of deposit money
Income taxes paid
Net cash provided by (used in) operating activities

11－

△800

△3,501△752924

5,306

Cash flows from investing activities
Purchase of property, plant and equipment△2,199△1,199Purchase of intangible assets

△673

△814

Purchase of investment securities△648△10,222

Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits
Payments for asset retirement obligations
Other, netNet cash provided by (used in) investing activities

－100

△575

△422

4503

△7－

△9△17△4,110△12,072

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares
Proceeds from share issuance toshareholders
Refund from non-controlling interest

non-controlling

109,050△61△3922900

37－△92Purchase of treasury shares△0△0

Repayments of lease liabilities△213△692636

8,265

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents

30

187

△2,5191,686

Cash and cash equivalents at beginning of period

15,552

13,033

Cash and cash equivalents at end of period

13,033

14,72012