May 13, 2021

Consolidated Financial Results
for the Fiscal year Ended March 31, 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, CEOContact:
Daisaku Kadomae , General Manager of Administration Division
Scheduled date of Ordinary General Meeting of Shareholders:June 22, 2021
Scheduled date of payment of dividend:
Scheduled date of filing of Quarterly Report:
June 23, 2021
Preparation of supplementary materials for financial results:
Yes
Holding 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, 2021

(from April 1, 2020 to March 31, 2021)(1) Operating Results
Fiscal Year Ended

March 31, 2021
March 31, 2020*2(% of change from previous year)

Net Sales

Operating Income

Net Income
Attributable toOwners ofthe Parent*3

EBITDA*1

Million yen%

Million yen%

Million yen%

Million yen%

100,061
71,040

40.9
11.0

7,465
2,467

202.6
6.7

8,902
3,595

147.6
14.0

5,031
790

536.7
△66.9

1.Comprehensive income: Fiscal Year Ended (As of March 31, 2021)
4,901million yen(574.5%)
Fiscal Year Ended (As of March 31, 2020)
726million yen(△69.5%)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.
*2. The results for the same period of the previous year include the sales and profits/losses of ThreeLimes, Inc. (The Purple Carrot), which has
been consolidating business figures since the 3Q of the previous year.

Fiscal Year EndedMarch 31, 2021
March 31, 2020

Net Income perShare

Diluted Net
Income per Share

Returnon Equity

Returnon Assets

Operating
Income Margin

Yen

Yen%%%

133.7523.19

133.52
23.03

30.4
6.0

21.9
7.5

7.5
3.5

(Reference)
Equity in earningus (losses) of affiliates (million yen):
Fiscal Year Ended (As of March 31, 2021)△488

Fiscal Year Ended (As of March 31, 2020)

1△659

(2) Financial Position
Fiscal Year Ended

Total Assets

Shareholders’Equity Ratio

Net Assets

Net Assets
per Share

Million yen

Million yen%

Yen

38,28626,087

19,991
14,19549.9
53.7

522.62408.53

March 31, 2021
March 31, 2020

(Reference)
Shareholders’ equity (million yen):
As of March 31, 2021 : 19,090
As of March 31, 2020 : 14,020(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

8,819
1,080

△2,780△1,754

1,894254

15.552
7,654

March 31, 2021
March 31, 2020

2. Dividends
Dividend per Share
Fiscal Year ended or ending

1Q

2Q

3Q

Year-end

Amounts
ofDividend(total)AnnualDividendRatio

Dividendon EquityYenYenYenYenYen

Million Yen%%

March 31,2020
March 31,2021

――

0.00
0.00

―
―

0.00
0.00

0.00
0.00

―
―

―
―

―
―

March 31,2022 (Forecast)

―

0.00

―0.00

0.00

―

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
Million yen

Full year

105,000

Operating Income

EBITDA%

Million yen

%

4.9

5,000

△33.0

Million yen

6,500(Note)EBITDA stands for earnings before depreciation and amortisation.

2Net Incomeper ShareNet Income%Million yen%

Yen

△27.03,000△40.482.13* Notes(1) Significant changes in scope of consolidation(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):

None(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, 2021

37,998,908shares

As of March 31, 2020

34,324,116shares

2) Number of treasury stocks:
As of March 31, 2021

1,469,655shares

As of March 31, 2020

3,780shares

3) Number of average shares during the period:
Fiscal year ended March 31, 2021

37,615,348sharesFiscal year ended March 31, 2020

34,075,643shares

3

(Reference)

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021
(from April 1, 2020 to March 31, 2021)(1) Operating Results(% of change from previous year)

Fiscal Year EndedNet Sales

Ordinary income

Net Income*2

Million yen%Million yen%

Million yen%

Million yen%

90,34968,018

32.8
28.2

7,323
2,909

151.7
61.5

7,397
2,975

148.6
56.9

4,563
1,164

292.0
△47.9

March 31, 2021
March 31, 2020

Fiscal Year Ended

Operating Income

Net Income perShareMarch 31, 2021
March 31, 2020

Diluted Net
Income per Share

Yen

Yen

121.3334.17

121.12
33.93(2) Financial Position
Fiscal Year Ended

March 31, 2021
March 31, 2020
(Reference)
Shareholders’ equity(million yen)

Total Assets

Net Assets

Shareholders’Equity Ratio

Net Assets
per Share

Million yen

Million yen%

Yen

35,27624,987

19,271
14,582

54.6
58.4

527.56424.90

As of March 31, 2021 : 19,271

As of March 31, 2020 : 14,582* 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, 2020

As of March 31, 2021

AssetsCurrent assets
Cash and deposits

7,676

15,580Accounts receivable - trade

6,824

8,485

Merchandise and finished goods

1,330

1,730

1585

Work in process
Raw materials and supplies

265

422

Accounts receivable - other

1,989

2,789

Other

379

337

△231

△205

18,25029,226

1,288

1,333

△608

△683

Buildings and structures, net

680

650

Machinery, equipment and vehicles

1,046

1,125△504△619542506510500△471△4573943

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Accumulated depreciation
Machinery, equipment and vehicles, net
Leased assets
Accumulated depreciation
Leased assets, net
Other

412

1,310

△242

△276

170

1,034

1,432

2,234

Goodwill

2,375

1,698

Other

1,859

2,064

Total intangible assets

4,234

3,763

Investment securities※１833※１1,217

Leasehold and guarantee deposits

※２798

※２943

438

813

Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets

Investments and other assets

Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets

5100

87

2,170

3,062

7,837

9,059

26,08738,286

(Millions of yen)
As of March 31, 2020

As of March 31, 2021

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings※２4,975※２6,173－1,040Current portion of long-term borrowings

99

Lease obligations

2925

4,277

6,104

Income taxes payable651

2,292

Provision for point card certificates

184

279

Other914

1,541

11,043

17,466

43

245

35

30

56322

325

Accounts payable - otherTotal current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Provision for retirement benefits for directors (andother officers)
Asset retirement obligations
Deferred tax liabilities

138

13

Other

302

206

Total non-current liabilities

848

828

11,891

18,294

Share capital

1,691

3,993

Capital surplus

5,705

8,014

Retained earnings

6,687

11,718Treasury shares△2△4,502

14,081

19,223

Valuation difference on available-for-sale securities△2125

Foreign currency translation adjustment△39△158

Total accumulated other comprehensive income

△60

△133

174

900

14,19519,991

26,08738,286

Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

6

(2) Consolidated Statement of Income(Millions of yen)
Period ended
March 31, 2020

Period ended
March 31, 2021

Net sales

71,040100,061

Cost of sales

37,22249,439

Gross profit

33,81750,622※１31,350※１43,156

2,467

7,465

Interest income

00

Dividend income

00

Outsourcing service income

014

Reversal of long-term deposits received

75

Compensation income

1221

Material recycling revenue

96

Revocation gains of gift cards

31

Recoveries of written off receivables

312

Other

26

29

Total non-operating income

6392

Interest expenses

1024

Foreign exchange losses

1416

117659448－619

5

Selling, general and administrative expenses
Operating profit
Non-operating income

Non-operating expenses

Share issuance costs
Share of loss of entities accounted for using equity
methodProvision of allowance for doubtful accounts
Other
Total non-operating expenses

705

520

1,825

7,037

Loss on disaster※３54※３－Impairment losses

Ordinary profit
Extraordinary losses

※２23

※２20

Loss on valuation of investment securities－25

Total extraordinary losses

77

46

1,747

6,991

Income taxes - current

706

2,506

Income taxes - deferred

258

△488

Total income taxes

965

2,018

Profit782

4,973

Loss attributable to non-controlling interests△7△57

Profit attributable to owners of parent

790

5,031

Profit before income taxes7(3) Consolidated Statement of Comprehensive Income
Period ended
March 31, 2020
Profit782(Millions of yen)
Period ended
March 31, 2021
4,973

Other comprehensive income
Valuation difference on available-for-sale securities△123

Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

△31

△119

△2222

△55

△72

Comprehensive income

726

4,901

734

4,958

△7△57

Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests8（4）Consolidated Statement of Changes in Shareholders' Equity
Period ended March 31, 2021
(Millions ofyen)
Shareholders' equity
Sharecapital
Balance at beginning of period

CapitalsurplusRetainedearnings

1,691

5,705

2,302

2,302

6,687

Treasuryshares△2

Totalshareholde
rs' equity
14,081

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

4,604
5,031

Purchase of treasury shares△4,500Change in ownership interest of parent
due to transactions with non-controllinginterests
Net changes in items other thanshareholders' equity
Total changes during period

5,031△4,500772,302

2,309

5,031

△4,5005,142

Balance at end of period

3,993

8,014

11,718△4,502

19,223

Balance at beginning of period

1,691

5,705

6,687

△2

14,081

Accumulated other comprehensive
incomeValuation
Foreign
Total
difference
currency
accumulatontranslatio
ed otheravailablencomprehefor-saleadjustme
nsive
securities
nt
incomeBalance at beginning of period

△21

△39

△60

Noncontrollinginterests

174

Total net
assets

14,195Changes during period
Issuance of new shares

4,604

Profit attributable to owners of parent

5,031

Purchase of treasury shares
Change in ownership interest of parent
due to transactions with non-controllinginterests
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period△4,500746△119△72726

653

46△119△72726

5,795

25

△158

△133

900

19,9919

(4) Consolidated Statement of Cash Flow
(Millions of yen)
Period ended
March 31, 2020

Period ended
March 31, 2021

Cash flows from operating activities
Profit before income taxes

1,747

6,991

Depreciation

594

837

Amortization of goodwill

506

598

Impairment losses

2320

Loss (gain) on valuation of investment securities－25

Increase (decrease) in allowance for doubtful accounts

35

△28

Interest and dividend income△0△0Interest expenses

1090

△1659

448

△1,268△1,611

Decrease (increase) in accounts receivable - other△680△798

Decrease (increase) in inventories

△157

△565

Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity
methodDecrease (increase) in trade receivablesIncrease (decrease) in trade payables

500

1,189

△340

1,827

Increase (decrease) in accrued expenses△79260

Other, net△137565

Subtotal

1,413

9,769

00

Increase (decrease) in accounts payable - other

Interest and dividends received
Interest paid

△10△9Income taxes paid

△323

△940

Net cash provided by (used in) operating activities

1,080

8,819

Purchase of property, plant and equipment△559△1,026

Purchase of intangible assets

△699

△845

Purchase of investment securities△93△835－10△119△9△362－－64△128△140Cash flows from investing activities

Proceeds from sale of investment securities
Purchase of shares of subsidiaries and associates
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits

2078

Payments for asset retirement obligations

△19－

20

△5

△1,754△2,780Net increase (decrease) in short-term borrowings－1,000

Proceeds from long-term borrowings－93Repayments of long-term borrowings

△682

△6812

4,586

150750－△4,500

△25

△27

Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities

Proceeds from issuance of shares
Proceeds from share issuanceshareholders
Purchase of treasury shares

tonon-controlling

Repayments of lease obligations

10

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

254

1,894

△19△35△438

7,898

Cash and cash equivalents at beginning of period

8,093

7,654

Cash and cash equivalents at end of period

7,654

15,55211