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 Year Ended August 31, 2023
(Based on Japanese GAAP)
September 29, 2023
Company name:

HIMARAYA Co.,Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:

7514

Representative:

Chairman and CEO

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

Director and General Manager of Administration Department

Yusaku KomoriScheduled date of ordinary general meeting of shareholders:Nobuaki Mitsui

TEL 058-271-6622

November 29, 2023

Scheduled date to file Securities Report:

November 29, 2023

Scheduled date to commence dividend payments:

November 30, 2023

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:Yes(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended August 31, 2023 (from September 1, 2022 to August 31, 2023)(1) Consolidated operating results
Net salesYear ended August 31, 2023
Year ended August 31, 2022

Operating profit

Millions of yen
60,156
58,914%
2.1–

Millions of yen
968
2,041%(52.5)
0.8

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen%
Millions of yen%
1,125 (52.4)
589 (58.9)
2,366
6.8
1,431
1.4

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen
Yen%%%
Year ended August 31, 2023
47.99
–
3.6
3.11.6Year ended August 31, 2022
116.76–9.2
6.0
3.5(Note) The “Accounting Standards for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. has been applied since theprevious fiscal year. Therefore, the rate of change in “Net sales” for the year ended August 31, 2022 is not stated.
Diluted earnings pershare

Earnings per share(2) Consolidated financial position

As of August 31, 2023
As of August 31, 2022

Total assets
Millions of yen
35,54038,260Net assets
Millions of yen
16,59016,177

Cash flows fromoperating activities
Millions of yen(42)838Cash flows frominvesting activities
Millions of yen(2,196)(1,188)Equity ratio

Net assets per share%
46.7
42.3

Yen
1,350.23
1,320.03(3) Consolidated cash flows

Year ended August 31, 2023
Year ended August 31, 2022

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(3,040)4,396(3,726)
9,676

2. Cash dividends
Annual dividends per share
1st quarter-end

Year ended August 31, 2022
Year ended August 31, 2023
Year ending August 31, 2024
(Forecast)

Final year-endTotal cash
dividends(Total)

Total

Dividend payout
ratio(Consolidated)

Ratio of dividends
to net assets(Consolidated)

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

–

10.00

–

15.00

25.00

306

21.4

2.0

–

13.00

–

13.00

26.00

319

54.2

1.9

–

13.00

–

13.00

26.00

41.0

(Note)Breakdown of a year-end dividend for the fiscal year ended August 31, 2022: Ordinary dividend 13.00 yen, commemorative dividend 2.00 yen
1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

Operating profit% Millions of yen

Six months ending
February 29,2024

27,800(5.5)

Full year

61,1401.6

Ordinary profit% Millions of yen

100 (90.2)
1,200

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

23.9% Millions of yen

200 (81.5)
1,400

24.4

%

Yen

130 (84.4)

10.58

780

63.48

32.4

4. Notes(1) Changes in significant subsidiaries during the year ended August 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of August 31, 2023

12,320,787 shares

As of August 31, 2022

12,320,787 shares

As of August 31, 2022

65,183 shares

Number of treasury shares at the end of the period
As of August 31, 2023

33,793 shares

Average number of shares during the period
Year ended August 31, 2023

12,279,147 shares

2Year ended August 31, 2022

12,263,481 shares

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of August 31, 2022

As of August 31, 2023

AssetsCurrent assets
Cash and deposits

9,676

4,396

Accounts receivable - trade

1,750

1,736

Merchandise

14,753

15,767Supplies

1125

Other

1,013

923

Total current assets

27,206

22,849Buildings and structures, net

3,376

4,716

Land

1,388

1,388

Leased assets－4Construction in progress

471

19

Other, net

264

764

5,501

6,893

Software

272

444

Other

63

47

Total intangible assets

335

492

1,189

1,121

Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Long-term loans receivable

448

389

Guarantee deposits

2,820

3,021

Deferred tax assets

235

116

Retirement benefit asset

329

481

Other

207

188

Allowance for doubtful accounts

(13)

(13)

Total investments and other assets

5,216

5,305

11,053

12,691

38,26035,540Total non-current assets
Total assets3

(Millions of yen)
As of August 31, 2022

As of August 31, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

10,12910,036

Current portion of long-term borrowings

2,696

2,511

Lease liabilities－1

Income taxes payable

426

125

Contract liabilities－154

Provision for bonuses

409

340

Provision for loss on store closings

398Provision for shareholder benefit program

7052

Provision for point card certificates－0

Asset retirement obligations

74

Other

1,574

1,354

Total current liabilities

15,353

14,588

5,534

3,022

Non-current liabilities
Long-term borrowings
Lease liabilities－3

Asset retirement obligations

834

931

Other

360

403

Total non-current liabilities

6,728

4,361

22,082

18,950Share capital

2,544

2,544

Capital surplus

3,998

3,998

Retained earnings

9,604

9,847

Treasury shares

(65)

(34)

16,081

16,356

(88)

13

－

Remeasurements of defined benefit plans

181

232

Total accumulated other comprehensive income

96234

16,177

16,59038,26035,540Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Total net assets
Total liabilities and net assets

4Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
August 31, 2022

Fiscal year ended
August 31, 2023Net sales

58,91460,156

Cost of sales

37,282

39,213Gross profit

21,631

20,942

Selling, general and administrative expenses

19,59019,973Operating profit

2,041

968

Non-operating income
Interest income

86

Dividend income

37

35

Purchase discounts

24

17

Rental income

137

128

Sponsorship money income

4342

Subsidy income

85

5System introduction burden charge

60

－

Other

99

80

Total non-operating income

495

315

Interest expenses

26

19

Rental expenses on real estate

127

125

Other

15

14

Total non-operating expenses

169

159

2,366

1,125

Non-operating expenses

Ordinary profit
Extraordinary income
Gain on sale of non-current assets

5－Gain on sale of investment securities

2194

Total extraordinary income

7194

8－

Impairment losses

116

215

Loss on store closings

163

31

Provision for loss on store closings

30－

Loss on sale of investment securities－33

Loss on valuation of investment securities

81

Loss on cancellation of insurance policies－

8

Total extraordinary losses

328

290

Extraordinary losses
Loss on retirement of non-current assets

Profit before income taxes

2,046

1,030

Income taxes - current

564

370

Income taxes - deferred

49

70

Total income taxes

614

440

Profit1,431

589

Profit attributable to owners of parent

1,431

589

5

Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
August 31, 2022
ProfitFiscal year ended
August 31, 2023
1,431

589

(48)

90

Deferred gains or losses on hedges

4(3)Remeasurements of defined benefit plans, net of tax

53

51

Total other comprehensive income

8137

1,440

726

1,440

726

－－

Other comprehensive income
Valuation difference on available-for-sale securitiesComprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

6Consolidated statements of changes in equity
Fiscal year ended August 31, 2022
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

2,544

Retained earnings

4,004

8,483

Total shareholders’equityTreasury shares(0)

15,032

Changes during period
Dividends of surplus

(307)

(307)

Profit attributable to owners ofparent

1,431

1,431

Purchase of treasury sharesDisposal of treasury shares(27)

Restricted stock payment

17

Transfer from retained earnings
to capital surplus

3(101)(101)35

817(3)－Net changes in items other thanshareholders' equity－

Total changes during period

－

(5)

1,120

(65)

1,049

Balance at end of period

2,544

3,998

9,604

(65)

16,081

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities

Remeasurements ofdefined benefit plans

Total accumulated
other comprehensive
income12787

15,119Dividends of surplus－(307)

Profit attributable to owners ofparent－

1,431

Purchase of treasury shares

－

(101)

Disposal of treasury shares－

8

Restricted stock payment－

17

Transfer from retained earnings
to capital surplus－－

Balance at beginning of period

Deferred gains orlosses on hedges

(39)

(0)

Total net assets

Changes during period

Net changes in items other thanshareholders' equity

(48)

453

88

Total changes during period

(48)

453

8

1,058

Balance at end of period

(88)

3181

96

16,177

7

Fiscal year ended August 31, 2023
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

2,544

Retained earnings

3,998

9,604

Total shareholders’equityTreasury shares(65)

16,081

Changes during period
Dividends of surplus
Profit attributable to owners ofparent

(343)

(343)

589

589

Purchase of treasury shares－

Disposal of treasury shares(27)

Restricted stock payment

24

Transfer from retained earnings
to capital surplus

231

424－

(2)

Net changes in items other thanshareholders' equity－

Total changes during period

－－

243

31274

Balance at end of period

2,544

3,9989,847(34)

16,356

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities

Remeasurements ofdefined benefit plans

Total accumulated
other comprehensive
income181

96

16,177

Dividends of surplus－(343)

Profit attributable to owners ofparent－

589

Purchase of treasury shares－－

Disposal of treasury shares－

4

Restricted stock payment－

24

Transfer from retained earnings
to capital surplus－－

Balance at beginning of period

Deferred gains orlosses on hedges

(88)

3

Total net assets

Changes during period

Net changes in items other thanshareholders' equity

90(3)

51

137

137

Total changes during period

90(3)

51

137

412

Balance at end of period

1－232

234

16,5908

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
August 31, 2022

Fiscal year ended
August 31, 2023

Cash flows from operating activities
Profit before income taxes

2,046

1,030

Depreciation

593

726

Impairment losses

116

215

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses(0)－(169)(69)

29(30)

Increase (decrease) in provision for loss on store closings
Increase (decrease) in provision for shareholder
benefit program
Decrease (increase) in retirement benefit asset

40(18)(66)(78)

Interest and dividend income

(45)

(41)

Interest expenses

26

19

Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories

(2)

(161)

(246)

14(1,395)(1,027)

Increase (decrease) in trade payables

793

(92)

Increase (decrease) in accrued consumption taxes

(391)

(5)

Other, net

145

25

Subtotal

1,474505

3735

Interest and dividends received
Interest paid

(24)

(17)

Income taxes refund (paid)

(648)

(565)

Net cash provided by (used in) operating activities

838

(42)

(992)

(2,217)

5－Purchase of investment securities

(37)

(44)

Proceeds from sale of investment securities

37

388

Proceeds from cancellation of insurance funds－

19

Payments of leasehold and guarantee deposits

(135)

(210)

40

142

(106)

(273)

(1,188)(2,196)(3,318)(2,696)

(307)

(343)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

Proceeds from refund of leasehold and guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term borrowings
Dividends paid
Other, net

(101)

(0)

(3,726)(3,040)0(0)Net increase (decrease) in cash and cash equivalents(4,077)(5,279)Cash and cash equivalents at beginning of period

13,753

9,676

Cash and cash equivalents at end of period

9,676

4,396

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

9