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 Nine Months Ended May 31, 2023
(Based on Japanese GAAP)

Company name:July 11, 2023

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 to file Quarterly Securities Report:

Nobuaki Mitsui

TEL 058-271-6622

July 14, 2023

Scheduled date to commence dividend payments:–Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended May 31, 2023 (from September 1, 2022 to May 31, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended May 31, 2023
Nine months ended May 31, 2022

Operating profit

Millions of yen%

Millions of yen%

45,23844,049

2.7
–

1,269
1,879(32.5)
1.5

Yen

Diluted earnings pershare
Yen

Nine months ended May 31, 2023

84.00

–

Nine months ended May 31, 2022

110.05–

Earnings per share

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen%
1,378
2,136(35.5)
7.1

1,031 (23.6)
1,349
5.0

(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 nine months ended May 31, 2022 is not stated.
(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of May 31, 2023

42,734

16,914

39.6

As of August 31, 2022

38,26016,17742.3

2. Cash dividends
Annual dividends per share
1st quarter-end
Year ended August 31, 2022
Year ending August 31, 2023

2nd quarter-end

3rd quarter-end

Fiscal year-end

TotalYenYen

Yen

Yen

Yen–10.00–15.0025.00–13.00

–
13.00

26.00

Year ending August 31, 2023 (Forecast)(Note) Revisions to the forecast of cash dividends most recently announced: NoBreakdown 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, 2023 (from September 1, 2022 to August 31, 2023)
Net sales
Millions of yen
Full year

59,500Operating profit

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

Ordinary profit% Millions of yen% Millions of yen% Millions of yen

%

Yen

1.0

7.8

1.4

3.4

120.76

2,200

2,400

1,480(Note) Revisions to recent business forecast: No
4. Notes(1) Changes in significant subsidiaries during the nine months ended May 31, 2023
(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:No

Changes 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 May 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 May 31, 2023

33,793 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended May 31, 2023

12,276,531 shares

2

Nine months ended May 31, 2022

12,266,106 shares

Quarterly consolidated financial statements

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

As of May 31, 2023

AssetsCurrent assets
Cash and deposits

9,676

6,994

Accounts receivable - trade

1,750

2,734

Merchandise

14,753

19,157

Supplies

1110

Other

1,013

1,284

Total current assets

27,20630,180

Buildings and structures, net

3,376

4,748

Land

1,388

1,388

Leased assets－4Construction in progress471

2

Other, net

264

788

5,501

6,932

Software

272

448

Other

63

49

Total intangible assets

335

497

1,189

1,087

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

403

Guarantee deposits

2,820

2,870

Deferred tax assets

235

296

Retirement benefit asset

329

317

Other207

161

Allowance for doubtful accounts(13)(13)

Total investments and other assets

5,216

5,122

11,053

12,55338,26042,734

Total non-current assets
Total assets3

(Millions of yen)
As of August 31, 2022

As of May 31, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

10,12916,653Current portion of long-term borrowings

2,696

2,528

Lease liabilities－1

Income taxes payable

426

227

Provision for bonuses

409

506

Provision for loss on store closings

39

23

Other provisions

7055

Asset retirement obligations

715

Other

1,574

1,368

Total current liabilities

15,353

21,380Non-current liabilities
Long-term borrowings

5,534

3,248

Lease liabilities－3

Asset retirement obligations

834

864

Other

360

322

6,728

4,439

22,08225,819

Share capital

2,544

2,544

Capital surplus

3,998

3,998

Retained earnings

9,604

10,283

Treasury shares

(65)

(34)

16,081

16,792(88)(9)

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

30

Remeasurements of defined benefit plans

181

132

Total accumulated other comprehensive income

96

122

16,177

16,91438,26042,734

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)

Nine months ended
May 31, 2022

Nine months ended
May 31, 2023

Net sales

44,04945,238

Cost of sales

27,735

29,131Gross profit

16,313

16,106

Selling, general and administrative expenses

14,434

14,837

Operating profit

1,879

1,269

Interest income

64

Dividend income

1720

Purchase discounts

1511

Rental income

103

96

Sponsorship money income

33

33

Subsidy income

85

4System introduction burden charge

60－

Other

64

59

Total non-operating income

385

230

Interest expenses

2015

Rental expenses on real estate

95

94

Other

12

11

Non-operating income

Non-operating expenses

Total non-operating expenses

129

121

2,136

1,378

Gain on sale of non-current assets

5－Gain on sale of investment securities

1194

Total extraordinary income

6194

Impairment losses

44

12

Provision for loss on store closings

149

14

Loss on sale of investment securities－33

Loss on valuation of investment securities

61

Provision of allowance for doubtful accounts

3－

Ordinary profit
Extraordinary income

Extraordinary losses

Loss on cancellation of insurance policies－

8

Total extraordinary losses

203

69

1,939

1,502

Income taxes - current

617

510

Income taxes - deferred(28)(39)

Total income taxes

589

471

Profit

1,349

1,031

Profit attributable to owners of parent

1,349

1,031

Profit before income taxes

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
May 31, 2022
ProfitNine months ended
May 31, 2023
1,349

1,031(134)

78

18(3)

Remeasurements of defined benefit plans, net of tax

(34)

(49)

Total other comprehensive income

(150)

25

1,199

1,057

1,199

1,057

－－

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

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

6