Translation.
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended February 29, 2024
(Based on Japanese GAAP)
April 9, 2024
Company name:

HIMARAYA Co.,Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:

7514

Representative:

President and CEO

URL https://www.hmry.jp/Inquiries:

General Manager of Administration and CFO

Manabu OdaNobuaki Mitsui

Scheduled date to file Quarterly Securities Report:

April 12, 2024

Scheduled date to commence dividend payments:

May 15, 2024

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:No

TEL 058-271-6622(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended February 29, 2024 (from September 1, 2023 to February 29, 2024)(1) Consolidated operating results (cumulative)
Net sales

Operating profit

Millions of yen%

Millions of yen%

28,05929,413(4.6)
4.2(42)
1,027–(10.1)

Six months ended February 29, 2024
Six months ended February 28, 2023

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen%

Yen

Diluted earnings pershare
Yen

Six months ended February 29, 2024

8.03

–

Six months ended February 28, 2023

67.74

–

Earnings per share

111,080(99.0)(19.4)

98 (88.1)
831
3.5(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of February 29, 2024

36,654

16,55345.2

As of August 31, 2023

35,54016,59046.7

2. Cash dividends
Annual dividends per share
1st quarter-end
Year ended August 31, 2023
Year ending August 31, 2024

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

–

13.00

–

13.00

26.00

–

13.00
–

13.00

26.00

Year ending August 31, 2024 (Forecast)(Note) Revisions to the forecast of cash dividends most recently announced: No

3. Forecast of consolidated financial results for the year ending August 31, 2024 (from September 1, 2023 to August 31, 2024)
Net sales
Millions of yen
Full year

61,140Operating profit% Millions of yen
1.6

1,200

Percentages indicate year-on-year changes
Profit attributable toEarnings per shareowners of parent

Ordinary profit% Millions of yen

19.8(Note) Revisions to recent business forecast: No1

1,400% Millions of yen
24.4780%

Yen

32.4

63.48

4. Notes(1) Changes in significant subsidiaries during the six months ended February 29, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No

Changes in accounting policies due to other reasons:

NoChanges in accounting estimates:

No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 29, 2024

12,320,787 shares

As of August 31, 2023

12,320,787 shares

As of August 31, 2023

33,793 shares

Number of treasury shares at the end of the period
As of February 29, 2024

2,353 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended February 29, 2024

12,302,363 shares2

Six months ended February 28, 2023

12,271,299 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)As of August 31, 2023

As of February 29, 2024

AssetsCurrent assets
Cash and deposits

4,396

4,406

Accounts receivable - trade

1,736

1,725

Merchandise

15,767

16,810

Supplies

25

13

Other

923

1,011

22,84923,967

Buildings and structures, net

4,716

4,641

Land

1,388

1,461

4

6

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

Leased assets
Construction in progress

19

1

Other, net

764

756

6,893

6,867

Software

444

440

Other

4735

Total intangible assets

492

475

1,121

1,201

Total property, plant and equipmentIntangible assets

Investments and other assets
Investment securities
Long-term loans receivable

389

361

3,021

2,998

Deferred tax assets

116

207

Retirement benefit asset

481

489

Other

188

98

Guarantee deposits

Allowance for doubtful accounts

(13)

(13)

Total investments and other assets

5,305

5,343

12,691

12,68635,54036,654

Total non-current assets
Total assets3

(Millions of yen)
As of August 31, 2023

As of February 29, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities

10,036

10,713

－

2,000

2,511

2,396

1

1

Income taxes payable

125

114

Contract liabilities

154

274

Provision for bonuses

340

287

Provision for loss on store closings

88

Other provisions

52

38

Asset retirement obligations

44

Other

1,354

1,278

Total current liabilities

14,588

17,116

3,022

1,878

Non-current liabilities
Long-term borrowings
Lease liabilities

36

Asset retirement obligations

931

928

Other403

171

Total non-current liabilities

4,361

2,984

18,95020,101

Share capital

2,544

2,544

Capital surplus

3,998

3,998

Retained earnings

9,847

9,739

Treasury shares

(34)

(2)

16,356

16,279Valuation difference on available-for-sale securities

171

Deferred gains or losses on hedges－1

Remeasurements of defined benefit plans

232

200

Total accumulated other comprehensive income

234

273

16,59016,55335,54036,654

Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
February 28, 2023

Six months ended
February 29, 2024

Net sales

29,41328,059

Cost of sales

18,65018,242Gross profit

10,763

9,817

Selling, general and administrative expenses

9,735

9,859

Operating profit (loss)

1,027

(42)

Interest income

32

Dividend income

18

15

Purchase discounts

4

3

Rental income

64

63Sponsorship money income

1817

Subsidy income

31

Other

20

31

Total non-operating income

131136Interest expenses

107

Rental expenses on real estate

6262

Other

612

Total non-operating expenses

7982

1,080

11

Gain on sale of non-current assets

174－

Gain on sale of investment securities－

121

Total extraordinary income

174

121

Impairment losses

1234

Provision for loss on store closings－

44

Loss on sale of investment securities

14－

Loss on valuation of investment securities

33－

Provision of allowance for doubtful accounts

1－

Loss on cancellation of insurance policies

8－

Non-operating income

Non-operating expenses

Ordinary profitExtraordinary income

Extraordinary losses

Total extraordinary losses

6979

1,185

53

Income taxes - current

338

42

Income taxes - deferred15(87)

Total income taxes

354

(45)

Profit831

98

Profit attributable to owners of parent

831

98

Profit before income taxes

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)Six months ended
February 28, 2023
ProfitSix months ended
February 29, 2024
831

98

Valuation difference on available-for-sale securities

41

70

Deferred gains or losses on hedges(3)1Remeasurements of defined benefit plans, net of tax

(34)

(31)

339834138

Comprehensive income attributable to owners ofparent834

138

Comprehensive income attributable to non-controllinginterests－－

Other comprehensive income

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to6

Consolidated statements of cash flows(Millions of yen)Six months ended
February 28, 2023

Six months ended
February 29, 2024

Cash flows from operating activities
1,185

53

Depreciation

312

414

Impairment losses

1234

Increase (decrease) in provision for bonuses
Increase (decrease) in provision for loss on store
closings
Increase (decrease) in other provisions

(72)

(52)

(15)

－(8)

(14)

Decrease (increase) in retirement benefit asset

(38)

(53)

Interest and dividend income

(21)

(18)

Interest expenses

107(141)－

Surrender value of insurance policies－(121)

Decrease (increase) in trade receivables

123

10

Decrease (increase) in inventories(109)(1,031)

Increase (decrease) in trade payables

331

676

Increase (decrease) in accrued consumption taxes

107

104

Other, net

(252)

(283)

Subtotal

1,424(272)1815Profit before income taxes

Loss (gain) on sale of investment securities

Interest and dividends received

(9)

(7)

Income taxes refund (paid)

(270)

(46)

Net cash provided by (used in) operating activities

1,162

(311)

Interest paid

Cash flows from investing activities(1,244)(336)

Purchase of investment securities

(10)

－

Proceeds from sale of investment securities

324－

Proceeds from cancellation of insurance funds

19185

Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guaranteedeposits
Other, net

(64)

(18)

103

37

(82)(127)

Net cash provided by (used in) investing activities

(956)

(259)

Purchase of property, plant and equipment

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Dividends paid

－2,000(1,424)(1,259)

(183)

(159)

(0)

(0)

(1,608)

580

(0)

0

Net increase (decrease) in cash and cash equivalents(1,402)

9Cash and cash equivalents at beginning of period

9,676

4,396

Cash and cash equivalents at end of period

8,274

4,406

Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents

7