August 13, 2019

Consolidated Financial Results
for the Three months Ended June 30, 2019
[Japanese GAAP]
Company name:
Oisix ra daichi Inc.
Securities code:
3182
Representative:
Kohey Takashima, Representative Director, CEOContact:
Hajime Yamanaka, Corporate Officer, Administration
Scheduled date of filing of Quarterly Report:
Scheduled date of payment of dividend:
Preparation of supplementary materials for financial results:
Holding of quarterly financial results meeting:Stock exchange listings: TSE Mothers
URL: http://www.oisixradaichi.co.jp

August 14, 2019
YesNone(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Three Months ended June 30, 2019(from April 1, 2019 to June 30, 2019)(1) Consolidated Operating Results
Three months ended(% of change from previous year)

Net Sales

Operating Income

Million yen%

Million yen

16,265
16,853

△3.5
75.5

543
610

June 30, 2019
June 30, 2018 *2

Net Income
Attributable to Ownersof the Parent*3

EBITDA*1%

Million yen%

Million yen%755808

△6.6
152.2

270
537

△49.7
638.7

△11.0
331.2
240 million yen (△55.0%)535 million yen (636.7%)

Comprehensive income: 1st Quarter of FY2019 (As of June 30, 2019)
1st Quarter of FY2018 (As of June 30, 2018)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.
*2. The result for the 1Q on FY2018 include the 4-month profits and losses (from March 1 to June 30, 2018) of Radish Boya Co., Ltd. (fiscal year
end is February, absorption-type merged in October 2018). Comparing the results for the 1Q on FY2019 with the result for 3-month period
excluding the profit and loss of Radish Boya Co., Ltd. in March 2018, net sales increased by 6.6%, operating income increased by 0.5%,EBITDA increased by 2.3%, and net income attributable to owners of the parent decreased by 42.0% rom the previous year.
*3. In the calculation of corporate tax etc. of Radishboya Co., Ltd. in the same period of the previous year, the amount of income for tax purposes
has decreased due to the large amount of subtraction adjustment, and deferred tax assets have not been recorded. Therefore the expenditure
for corporate tax etc. has been suppressed, and net income attributable to owners of the parent margin has increased than usual.

Three months ended

Net Income perShare

June 30, 2019
June 30, 2018

Diluted Net
Income per ShareYenYen

8.05
16.20

7.98
15.88

(2) Consolidated Financial Position
Period ended

June 30, 2019
March 31, 2019

Total Assets

Shareholders’Equity Ratio

Net Assets

Million yen

Million yen%

22,73922,74912,75012,50556.0
54.8

2. Dividends
Fiscal Year ended or ending

Dividend per Share
1Q

March 31,2019
March 31,2020

2Q

3Q

Year-end

TotalYen

Yen

Yen

Yen

Yen

――0.00

―

0.00

0.00

0.00

―

0.00

0.00

March 31,2020 (Forecast)(Note)
Revisions to the most recently announced forecast: None13. Forecast for the Fiscal Year Ending March 31, 2020 (from April 1, 2019 to March 31, 2020)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

70,000Operating Income

EBITDANet Income
per Share

Net Income%Million yen%

Million yen%

Million yen%

Yen

9.3

2,200

△4.9

3,200

1.4

1,000

△58.1

29.77

(Note)*1.Revisions to the most recently announced forecast: None
*2.EBITDA stands for earnings before depreciation and amortisation.

* Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly
financial statements:

None
None

(3) 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(4) Number of shares issued (common shares)1) Number of shares issued (including treasury stock):
As of June 30, 2019

33,641,316shares

As of March 31, 201933,595,156shares

2) Number of treasury stocks:
As of June 30, 2019

3,780shares

As of March 31, 2019

3,780shares

3) Number of average shares during the period:
Three months ended June 30, 201933,611,321shares

Three months ended June 30, 201833,167,229shares(Note)On October 1st, 2018, the Company implemented a 2 for 1 stock split of common shares. For the previous consolidated accounting year, said
stock split is assumed to have occurred at the beginning of that accounting year for the purposes of calculating comparable Number of sharesissued, Number of treasury stocks and Number of average shares during the period.

* 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.

2Consolidated Financial Statements(1) Consolidated Balance Sheet(Thousands of yen)
As of March 31, 2019

As of June 30, 2019

AssetsCurrent assets
Cash and deposits

8,136,173

7,823,851

Accounts receivable-trade

5,555,456

5,835,240

Merchandise and finished goods

1,173,552

1,120,226

Work in process

45,077

92,631

Raw materials and supplies

184,228

185,270

Accounts receivable-other

1,308,693

1,402,918

394,685

390,256

Allowance for doubtful accounts△196,069△206,244

Total current assets

16,601,798

16,644,151

1,007,751

1,142,305

Goodwill

1,137,486

1,041,891

Others1,009,106

1,001,047

Total intangible assets

2,146,592

2,042,939

2,993,343

2,910,244

OthersNoncurrent assets
Property, plant and equipment
Intangible assets

Investments and other assets
Total noncurrent assets
Total assets

3

6,147,686

6,095,489

22,749,485

22,739,640

(Thousands of yen)
As of March 31, 2018

As of June 30, 2019

Liabilities
Current liabilities
Accounts payable-trade4,240,280

4,348,249

9,552

8,667

Accounts payable-other

3,649,938

3,369,271

Income taxes payable

255,659

158,053

Provision for bonuses

-

1,931

145,468

156,918-

10,351Others

1,149,101

1,161,740

Total current liabilities

9,450,000

9,215,182

Long-term loans

53,40451,901

Lease obligations

42,28936,671

Provision for directors' retirement benefits

4,500

4,800

Asset retirement obligations

296,218

286,690

Others397,852

394,130

Total noncurrent liabilities

794,264

774,192

10,244,264

9,989,375

Capital stock

1,284,022

1,286,253Capital surplus

5,298,392

5,300,623

Retained earnings

5,897,781

6,168,197△2,800△2,80012,477,395

12,752,273

3,284△9,602Foreign currency translation adjustments△8,274△18,708

Total accumulated other comprehensive income△4,989△28,31032,81526,302

12,505,220

12,750,265

22,749,485

22,739,640

Short-term loans payable

Provision for points certificates
Asset retirement obligations

Noncurrent liabilities

Total liabilities
Net assets
Shareholders' equity

Treasury stocks
Total shareholders' equity
Accumulated other comprehensive incomeValuation difference on available-for-sale securities

Non-controlling interests
Total net assets
Total liabilities and net assets4(2) Consolidated Statement of Income(Thousands of yen)
Period ended
June 30, 2018

Period ended
June 30, 2019

Net sales

16,853,520

16,265,146

Cost of sales

8,914,488

8,552,742

Gross profit

7,939,032

7,712,403

Selling, general and administrative expenses

7,328,562

7,169,346

610,469

543,057

Interest income

1770

Dividend received

4,230

0

Compensation income

3,383

2,830

Income from material recycling

5,432

3,103

Others20,507

9,225

Total non-operating income

33,571

15,231

Interest expenses

437

400

Stock issuance cost

2,853

133

687

7,530

Liabilities from application of equity method

11,50970,476

Others

2,212

1,727

Total non-operating expenses

17,70080,268

Ordinary income

626,341

478,019

Income before income taxes

626,341

478,019

Income taxes-current

107,940

75,321

Income taxes-deferred△19,459

138,794

Operating income
Non-operating income

Non-operating expenses

Foreign exchange losses

Total income taxes

88,481

214,116

Net income

537,860

263,903579△6,513

537,280

270,416

Net income attributable to non-controlling interests
Net income attributable to owners of the parent

5

(3) Consolidated Statement of Comprehensive Income(Thousands of yen)
Period ended
June 30, 2019

Period ended
June 30, 2018
Net income

537,860

263,903△802△1,779△1,887△10,433-△11,107△2,689△23,320535,171

240,582

534,591

247,095

579△6,513

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Share of other comprehensive income of companies
accounted for by the equity method
Total other comprehensive income
Comprehensive income
Total comprehensive income attributable to
Owners of the parent
Non-controlling interests6