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, 2022
(Based on Japanese GAAP)
September 27, 2022
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 KomoriNobuaki Mitsui

Scheduled date of ordinary general meeting of shareholders:November 29, 2022

Scheduled date to file Securities Report:

November 29, 2022

Scheduled date to commence dividend payments:

November 30, 2022

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

NoTEL 058-271-6622(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended August 31, 2022 (from September 1, 2021 to August 31, 2022)(1) Consolidated operating results
Net salesYear ended August 31, 2022
Year ended August 31, 2021

Operating profit

Millions of yen%

Millions of yen%

58,914
62,133

–
7.6

2,041
2,024

0.8
–

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen
%
2,366
2,215

6.8
–

1,431
1,412

1.4
–

(Note) Since “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from thefiscal year ended August 31, 2022, the above amounts of consolidated results of operations reflect the application of the accounting
standard, etc. Therefore, the rate of change in “Net sales” compared to the previous fiscal year is not stated.

Earnings per share

Diluted earnings
per share

Yen

Yen

Profit attributableto owners ofparent/equity%Year ended August 31, 2022

116.76–

Year ended August 31, 2021

114.66–(2) Consolidated financial position

Ordinary
profit/total assets

Operatingprofit/net sales%%

9.2

6.0

3.5

9.7

5.7

3.3

Total assets

Net assets

Millions of yen

Millions of yen

Equity ratio%

Net assets per share
Yen

As of August 31, 2022

38,26016,17742.3

1,320.03

As of August 31, 2021

40,048

15,11937.8

1,227.21(3) Consolidated cash flows

Millions of yen

Millions of yen

Millions of yen

Cash and cash
equivalents at end of
periodMillions of yen

Year ended August 31, 2022

838

(1,188)(3,726)

9,676

Year ended August 31, 2021

6,894

(148)

(2,908)13,753

Cash flows fromoperating activities

Cash flows frominvesting activities

1

Cash flows fromfinancing activities

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended August 31, 2021
Year ended August 31, 2022

Total cash
dividends(Total)

TotalYenYenYenYen–

10.00
10.00

–

15.00

25.00

–

15.00

25.00

–

Dividend payout Ratio of dividends
to net assets
ratio (Consolidated)(Consolidated)

Yen Millions of yen

%%

308

21.8

2.130621.4

2.0

Year ending August 31, 2023
–
13.00
–
13.00
26.00
21.5
(Forecast)(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
3. Forecast of consolidated financial results for the year ending August 31, 2023 (from September 1, 2022 to August 31, 2023)

Net sales
Millions of yen
Six months ending
February 28, 2023
Full year

Operating profit% Millions of yen

29,0002.7

59,500

1.0

Ordinary profit% Millions of yen

900 (21.3)
2,200

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

1,000 (25.4)

7.8

2,400

1.4%

Yen

580 (27.8)

47.33

1,480

3.4

120.76

4. Notes(1) Changes in significant subsidiaries during the year ended August 31, 2022
(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:

Yes

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, 2022

12,320,787 shares

As of August 31, 2021

12,320,787 shares

As of August 31, 2021

343 shares

Number of treasury shares at the end of the period
As of August 31, 2022

65,183 shares

Average number of shares during the period
Year ended August 31, 2022

12,263,481 shares

2Year ended August 31, 2021

12,320,486 shares

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of August 31, 2021

As of August 31, 2022

AssetsCurrent assets
Cash and deposits

13,753

9,676

Accounts receivable - trade

1,504

1,750

Merchandise

13,34814,753

Supplies

2111

Other

782

1,013

29,41027,206

Buildings and structures, net

3,325

3,376

Land

1,388

1,388

Construction in progress−

471

Other, net

202

264

4,916

5,501

Software

387

272

Other

26

63

Total intangible assets

414

335

1,242

1,189

556

448

Guarantee deposits

2,816

2,820

Deferred tax assets

309

235

Retirement benefit asset

187

329

Other

208

207

Allowance for doubtful accounts

(13)

(13)

Total investments and other assets

5,306

5,216

Total current assets
Non-current assetsProperty, plant and equipment

Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Long-term loans receivable

Total non-current assets
Total assets

310,638

11,05340,04838,260(Millions of yen)
As of August 31, 2021

As of August 31, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade

9,335

10,129Current portion of long-term borrowings

3,318

2,696

Income taxes payable

520

426

Provision for bonuses

579

409

939

Provision for shareholder benefit program

3070

Asset retirement obligations

187

Other

1,746

1,574

Total current liabilities

15,55915,353

8,230

5,534

Asset retirement obligations

817834

Other

321

360

9,369

6,728

24,92822,082

Share capital

2,544

2,544

Capital surplus

4,004

3,998

Retained earnings

8,483

9,604

Treasury shares

(0)

(65)

15,032

16,081(39)(88)

Provision for loss on store closings

Non-current liabilities
Long-term borrowings

Total non-current liabilities
Total 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(0)3Remeasurements of defined benefit plans

127

181

Total accumulated other comprehensive income

8796

15,11916,17740,04838,260Total 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, 2021

Fiscal year ended
August 31, 2022

Net sales

62,13358,914

Cost of sales

39,88337,282Gross profit

22,24921,631

Selling, general and administrative expenses

20,225

19,590Operating profit

2,024

2,041

Non-operating income
Interest income

98

Dividend income

27

37

Purchase discounts

2124

Rental income

135

137

Sponsorship money income

41

43

Subsidy income

62

85

System introduction burden charge

−

60

Other

74

99

Total non-operating income

372

495

Interest expenses

33

26

Rental expenses on real estate

125

127

Other

22

15

Total non-operating expenses

181

169

2,215

2,366

Gain on sale of non-current assets−5Gain on sale of investment securities−

2Total extraordinary income−

7

Loss on retirement of non-current assets−

8Impairment losses

39116

Loss on store closings

26163

Provision for loss on store closings

030

Loss on sale of investment securities

0−

Loss on valuation of investment securities−

8Total extraordinary losses

66

328

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses

Profit before income taxes

2,149

2,046

Income taxes - current

441

564

Income taxes - deferred

295

49

Total income taxes

736

614

Profit

1,412

1,431

Profit attributable to owners of parent

1,412

1,431

5Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
August 31, 2021
ProfitFiscal year ended
August 31, 2022
1,412

1,431(25)

(48)

04

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income753(17)

8

1,394

1,440

1,394

1,440

−−

Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

6Consolidated statements of changes in equity
Fiscal year ended August 31, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

2,544

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity

4,004

7,256(0)13,804

Changes during period
Dividends of surplus

(184)

(184)

Profit attributable to ownersof parent

1,412

1,412(0)Purchase of treasury shares
Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

(0)−−

−

1,227(0)

1,227

2,544

4,004

8,483(0)15,032Remeasurements Total accumulated
otherof defined benefit
comprehensive
plansincomeTotal net assets

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities

Deferred gains orlosses on hedges

(13)

(0)

105

13,909Dividends of surplus

−

(184)

Profit attributable to ownersof parent

−

1,412

Purchase of treasury shares−(0)

Balance at beginning of period

120

Changes during period

Net changes in items otherthan shareholders' equity(25)

07(17)(17)

Total changes during period(25)

07(17)

1,209

Balance at end of period

(39)

(0)

12787

15,1197

Fiscal year ended August 31, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

2,544

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity

4,004

8,483

(0)

15,032

Changes during period
Dividends of surplus

(307)

(307)

Profit attributable to ownersof parent

1,431

1,431

Purchase of treasury shares
Disposal of treasury shares(27)

Restricted stock payment

17

Transfer from retained
earnings to capital surplus

3(101)(101)

35817−(3)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

−−

(5)

1,120(65)

1,049

2,544

3,998

9,604

(65)

16,081

Accumulated other comprehensive income

Balance at beginning of period

Valuation
Total accumulated
Remeasurements
difference on
Deferred gains orotherof defined benefit
available-for-sale losses on hedges
comprehensiveplanssecurities
income(39)
(0)
12787

Total net assets

15,119Changes during period
Dividends of surplus

−

(307)

Profit attributable to ownersof parent

−

1,431

Purchase of treasury shares

−

(101)

Disposal of treasury shares−

8

Restricted stock payment−

17

Transfer from retained
earnings to capital surplus−−

Net changes in items otherthan shareholders' equity

(48)

453

88

Total changes during period

(48)

453

8

1,058

Balance at end of period

(88)

3181

96

16,1778

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
August 31, 2021

Fiscal year ended
August 31, 2022

Cash flows from operating activities
Profit before income taxes

2,149

2,046

617

593

Impairment losses

39116

Increase (decrease) in allowance for doubtful accounts

(0)

(0)

Increase (decrease) in provision for bonuses

390

(169)

Increase (decrease) in provision for loss on store
closings(20)

29

Increase (decrease) in provision for shareholder benefit
program(0)40

Decrease (increase) in retirement benefit asset

(26)

(66)

Interest and dividend income

(37)

(45)

Depreciation

Interest expenses

3326

Decrease (increase) in trade receivables

332

(246)

Decrease (increase) in inventories508(1,395)

Increase (decrease) in trade payables

2,608

793

Increase (decrease) in accrued consumption taxes

(132)

(391)

Other, net

561

143

Subtotal

7,022

1,474

Interest and dividends received

28

37

Interest paid

(32)

(24)

Income taxes paid

(123)

(648)

Net cash provided by (used in) operating activities

6,894

838

(123)

(992)

−5

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

(6)

(37)

Payments of leasehold and guarantee deposits

(23)

(135)

Proceeds from refund of leasehold and guarantee
deposits

13040

Other, net

(123)

(68)

Net cash provided by (used in) investing activities(148)(1,188)(2,716)(3,318)

(184)

(307)

(7)

(101)

(2,908)(3,726)−0

Net increase (decrease) in cash and cash equivalents

3,837(4,077)

Cash and cash equivalents at beginning of period

9,915

13,753

Cash and cash equivalents at end of period

13,753

9,676

Cash flows from financing activities
Repayments of long-term borrowings
Dividends paid
Other, netNet cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents9