Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

KOBE BUSSAN CO., LTD.
January 24, 2024
Company name:Securities code:
Listing:
Representative:
Contact:

Kobe Bussan Co., Ltd.
3038
Prime Market of Tokyo Stock Exchange
Hirokazu Numata,President and Representative Director
Masahiro Sakamoto,Manager, Corporate Planning Department

Monthly Performance for December 2023
Kobe Bussan Co., Ltd. discloses its monthly performance for December 2023 on a non-consolidated basis.
1. Trends in net sales, gross profit, operating profit, and ordinary profit (non-consolidated)[Net sales](Upper: Millions of yen, Lower: YoY %)
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
H1
41,69045,609
112.8
110.2
May
June
July
Aug.
Sept.
Oct.
H2

Full year[Gross profit]
Nov.
3,991
128.1
May

Full year[Operating profit]
Nov.
2,389
138.5
May

[Ordinary profit]
Nov.
191
109.7
May

Dec.
4,183
120.7
June

Dec.
2,542
123.3
June

Dec.
(3,839)
June

Jan.

Feb.

(Upper: Millions of yen, Lower: YoY %)
Mar.
Apr.
H1

July

Aug.

Sept.

Jan.

Feb.

(Upper: Millions of yen, Lower: YoY %)
Mar.
Apr.
H1

July

Aug.

Sept.

Jan.

Feb.

(Upper: Millions of yen, Lower: YoY %)
Mar.
Apr.
H1

July

Aug.

Sept.

Oct.

Oct.

Oct.

H2

H2

H2

Full year

Full year

Note: This flash report is unaudited and the figures are subject to change. Accordingly, they are revised and updated as appropriate ona timely basis if differed from the quarterly or annual results. For the purpose of year-on-year comparison, buy-sell transactions withsubsidiaries are not accounted for under the Accounting Standard for Revenue Recognition on a monthly basis. The figures under theStandard will be disclosed in the full-year financial results.

2. Trends in the number of Gyomu Super stores
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Opened00
Directly
managedClosed
00
areas
Total
664
664
Opened20
Indirectly
managedClosed
00
areas
Total
382
382
Total franchise stores
1,046
1,046
Total directly operated stores
44
Total stores
1,050
1,050May
June
JulyAug.
Sept.
Oct.
OpenedDirectly
managedClosedareas
Total
OpenedIndirectlymanaged
Closedareas
TotalTotal franchise stores
Total directly operated stores
Total stores■ Directly managed areas (areas with franchise stores under general franchise contract)[Hokkaido area] Hokkaido prefecture[Kanto area]
Tokyo, Chiba, Kanagawa, and Saitama prefectures[Kansai area]
Osaka, Kyoto, Hyogo (excl. Awaji Island), Nara, Wakayama, and Shiga prefectures[Kyushu area]
Fukuoka, Saga, Nagasaki, Kumamoto, Oita, and Miyazaki prefectures■ Indirectly managed areas (areas with franchise stores under area franchise contract)
Prefectures other than those listed above
3. Year-on-year changes in product shipments to Gyomu Super stores
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
106.9
Existing stores
108.7
Directly managed areas
110.2
All stores
112.7
Nationwide*
All stores
113.1
110.5
MayJune
JulyAug.
Sept.
Oct.
Existing stores
Directly managed areas
All stores
Nationwide*
All stores* “Nationwide” represents the product shipments to the stores in both directly and indirectly managed areas.

H1

H2

Full year(YoY %)
H1

H2

Full year4. Overview
For December 2023, we reported net sales of ¥45,609 million (up 10.2% year-on-year), gross profit of ¥4,183 million (up20.7%), operating profit of ¥2,542 million (up 23.3%), and ordinary profit of ¥(3,839) million (¥204 million in the same monthof the previous year) on a non-consolidated basis.
During the period, Gyomu Super did not open or close any stores, maintaining 1,050 stores in total. Net sales increased driven by
the coverage on television programs and social media.
Our product shipments to Gyomu Super stores remained strong, with an increase of 6.9% from a year earlier to existing stores in
directly managed areas, an increase of 10.2% to all stores in directly managed areas, and an increase of 10.5% to all storesnationwide.
In terms of our product trends, sales of conveniently available frozen vegetables continued showing a strong positive trend. Also,
Japanese basic seasonings such as sugar and salt and items with high demand during the New Year holidays contributed to sales
growth.
As for ordinary profit, we have continued hedging currency fluctuation risks by entering into forward exchange contracts, but thesignificant appreciation of the yen toward the end of December led to recording a valuation loss on them under non-operating
expenses as in the same month of the previous fiscal year. However, this valuation loss is of a one-time nature because the yen has
been significantly weaker since the end of December, and assuming that the exchange rates will remain largely the same as the rate
as of today on January 24 throughout January, ordinary profit for January 2024 is expected to improve greatly.
5. Scheduled disclosure date
The flash report for January 2024 is scheduled to be released on Thursday, February 22. Please note that the date of release may bechanged for unavoidable reasons.