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 May 31, 2024
(Based on Japanese GAAP)
July 11, 2024
Company name:

DAIKOKUTENBUSSAN CO.,LTD.

Stock exchange listing: Tokyo
Stock code:
2791
Representative:
Inquiries:

URL

http://www.e-dkt.co.jp/

Representative Director and President
Senior Managing Director

SHOJI OGAMASASHI OMURAScheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

August 22, 2024
August 22, 2024

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

August 23, 2024
No

Holding of financial results meeting:

Yes

TEL

086-435-1100(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended May 31, 2024 (from June 1, 2023 to May 31, 2024)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended May 31, 2024
270,077
11.5
9,352 107.9
9,543
97.0
6,306 102.4
Year ended May 31, 2023
242,2438.1
4,497(47.3)
4,844(45.7)
3,116(44.5)

Earnings per share

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
452.43
12.0
9.5
3.5
–6.5
5.4
1.9

Diluted earnings pershareYen
452.64223.73

Year ended May 31, 2024
Year ended May 31, 2023
(2) Consolidated financial position

Total assets
As of May 31, 2024
As of May 31, 2023

Net assets

Equity ratio

Millions of yen
104,352
97,194

Millions of yen
55,49649,518Cash flows fromoperating activities
Millions of yen
21,408
7,610

Cash flows frominvesting activities
Millions of yen(13,030)(17,889)

Net assets per share%
53.0
50.8

Yen
3,969.51
3,543.59(3) Consolidated cash flows

Year ended May 31, 2024
Year ended May 31, 2023

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(4,985)
12,0239,370
8,630

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

Year ended May 31, 2023
Year ended May 31, 2024
Year ending May 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%%

––

0.00
0.00

––

29.00
33.00

29.00
33.00

403
46013.0
7.3

0.8
0.9

–0.00

–

33.00

33.00

1

7.2

3. Forecast of consolidated financial results for the year ending May 31, 2025 (from June 1, 2024 to May 31, 2025)
Net sales
Millions of yen
Six months ending
November 30, 2024
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen

140,600

6.7

4,500

13.8

4,700

16.0

2,800

12.5

200.79292,400

8.3

10,50012.3

10,700

12.1

6,400

1.5458.95

4. Notes(1) Changes in significant subsidiaries during the year ended May 31, 2024
(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:
Changes in accounting estimates:

NoNo

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 May 31, 2024

14,489,800 shares As of May 31, 2023

14,474,200 shares

Number of treasury shares at the end of the period
As of May 31, 2024

545,471 shares As of May 31, 2023

545,471 shares

13,933,529 shares Year ended May 31, 2023

13,928,796 shares

Average number of shares during the period
Year ended May 31, 20242

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of May 31, 2023

As of May 31, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

8,630
151

12,023145

Merchandise and finished goods
Work in process

8,370
146

8,591
136

Raw materials and supplies
Other

593
6,201

601
4,541

Allowance for doubtful accounts

(203)

(203)

23,89025,83575,19879,748

Accumulated depreciation(34,988)(38,527)

Buildings and structures, net

40,20941,221

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

Machinery, equipment and vehicles

8,019

8,137

Accumulated depreciation(3,501)(4,505)

4,517

3,632

Tools, furniture and fixtures

Machinery, equipment and vehicles, net

15,723

17,600

Accumulated depreciation(11,010)(12,560)

4,713

5,039

Land

9,357

11,204

Leased assets
Accumulated depreciation

408
(196)

272
(106)

Leased assets, net

212

165

Construction in progress
Other

460
756

2,890
580

Accumulated depreciation

(334)

(352)

Other, net

421

227

59,89264,381344

281

Investment securities
Construction assistance fund receivables

473
1,376

448
1,426

Deferred tax assets
Guarantee deposits

4,830
5,129

5,103
5,401

Other
Allowance for doubtful accounts

1,316
(59)

1,533
(58)

Total investments and other assets

13,067

13,85373,30478,516

97,194

104,352

Tools, furniture and fixtures, net

Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of May 31, 2023

As of May 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

16,74917,978

Short-term borrowings
Lease liabilities

4,601
73

4,061
62

Income taxes payable
Provision for bonuses

503581

2,864
633

Other

8,193

10,340Total current liabilities

30,70335,941

11,950
90

7,895
27

Deferred tax liabilities
Retirement benefit liability

119
41

91
46

Asset retirement obligations
Other

3,397
1,373

3,492
1,360

Total non-current liabilities

16,972

12,91447,67648,856

Shareholders' equity
Share capital

1,661

1,716

Capital surplus
Retained earnings

1,823
46,621

1,877
52,524Non-current liabilities
Long-term borrowings
Lease liabilities

Total liabilities
Net assets

Treasury shares

(881)

(881)

49,22555,237Valuation difference on available-for-sale securities

131

114

Total accumulated other comprehensive income

131

114

52

30

Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4108

113

49,51855,496

97,194

104,352

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
May 31, 2023

Fiscal year ended
May 31, 2024

Net sales

242,243

270,077

Cost of sales

187,755

207,770Gross profit

54,48862,307

Salalaries allowances and bonuses
Provision for bonuses

21,005540

22,934582

Retirement benefit expenses
Utilities expenses

76
5,705

86
5,195

Rent expenses
Depreciation

6,989
4,762

7,221
5,520

Provision of allowance for doubtful accounts
Other(0)10,9090
11,414

Total selling, general and administrative expenses

49,99052,955

4,497

9,352

Interest income
Dividend income

27427
4

Rental income
Insurance claim income

113122

126
73

Subsidy income
Settlement income

25165

71
–Selling, general and administrative expenses

Operating profit
Non-operating income

Other

61

68

Total non-operating income

520

371

Interest expenses
Rental expenses

2865

3166

Loss on disposal of non-current assets
Loss on cancellation of rental contracts

–
2351–

Provision of allowance for doubtful accounts
Other

253

0
31

Non-operating expenses

Total non-operating expenses

173

180

4,844

9,543

200

600

200

600

297

460

297

460

Profit before income taxes

4,746

9,683

Income taxes - current

2,069

3,664

Ordinary profit
Extraordinary income
Subsidy income
Total extraordinary incomeExtraordinary losses
Impairment losses
Total extraordinary losses

Income taxes - deferred(442)(293)

Total income taxes

1,626

3,370

Profit

3,120

6,312

35

3,116

6,306

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income

Fiscal year ended

Fiscal year ended

May 31, 2023

May 31, 2024
3,120

6,312

0(17)

0(17)

Comprehensive income

3,120

6,295Comprehensive income attributable toComprehensive income attributable to owners of parent

3,116

6,289

35

Comprehensive income attributable to non-controllinginterests

6

Consolidated statements of changes in equity
Fiscal year ended May 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

1,661

Retained earnings

1,823

Total shareholders'equity

Treasury shares

43,909(880)

46,514

Changes during period
Dividends of surplus

(403)

(403)

Profit attributable to owners ofparent

3,116

3,116

Purchase of treasury shares

(0)

(0)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

––

2,712

(0)

2,711

1,661

1,823

46,621(881)

49,225

Accumulated othercomprehensive
incomeValuation difference
on available-for-salesecurities
Balance at beginning of period

Share acquisitionrights131

Non-controllinginterests

52

Total net assets

104

46,802

Changes during period
Dividends of surplus(403)

Profit attributable to owners ofparent

3,116

Purchase of treasury shares
Net changes in items other thanshareholders' equityTotal changes during period
Balance at end of period(0)0–340–3

2,715

131

52

108

49,518

7Fiscal year ended May 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

Retained earnings

1,661

1,823

54

54

Total shareholders'equity

Treasury shares

46,621(881)

49,225

Changes during period
Issuance of new shares

108

Dividends of surplus

(403)

(403)

Profit attributable to owners ofparent

6,306

6,306

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

54

54

5,903

–

6,011

1,716

1,877

52,524(881)

55,237

Accumulated othercomprehensive
incomeValuation difference
on available-for-salesecurities
Balance at beginning of period

Share acquisitionrights131

52

Non-controllinginterests

Total net assets

108

49,518Changes during period
Issuance of new shares

108

Dividends of surplus(403)

Profit attributable to owners ofparent6,306

Net changes in items other thanshareholders' equity

(17)

(21)

5(33)

Total changes during period

(17)

(21)

55,978

Balance at end of period

114

30

113

55,496

8

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

May 31, 2023

May 31, 2024
4,746

9,683

6,729
13

7,278
52

Increase (decrease) in allowance for doubtful accounts
Impairment losses

2297

(1)
460

Interest and dividend income
Interest expenses(31)
28(31)
31

Subsidy income
Settlement income

(200)
(165)

(600)
–

He amount of rent offset of constrution assistance fundrececeivables

185

192

He amount of rent off set of constrution assistance fundreceivables deposited

(48)

(49)

Decrease (increase) in trade receivables
Decrease (increase) in inventories(28)(1,461)

6(219)

Decrease (increase) in other current assets
Increase (decrease) in trade payables(2,161)
2,226

1,795
1,228

Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities

407
17

2,973
2

Other, net

3348

Subtotal

10,591

22,85066

Interest paid
Subsidies received(25)
200(28)120

Settlement received
Income taxes paid

187
(3,350)–(1,541)

Net cash provided by (used in) operating activities

7,610

21,408(17,367)(12,395)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets

9(87)

2(33)

Proceeds from sale of investment securities
Payments for asset retirement obligations

5(22)

–(25)

Expense by payment of guarantee money paid
Proceeds from refund of guarantee deposits(425)
83(369)70

Payments of construction assistance fund receivables
Proceeds from collection of long-term loans receivable(26)
8(258)
0Proceeds From Construction Assistance Deposits Received
Other, net–(67)25(47)(17,889)(13,030)

Depreciation
Increase (decrease) in provision for bonuses

Interest and dividends received

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

Net cash provided by (used in) investing activities

9

(Millions of yen)

Cash flows from financing activities
Increase (decrease) in short-term borrowings

Fiscal year ended

Fiscal year ended

May 31, 2023

May 31, 2024
(150)

(400)

13,000(2,979)–(4,195)

Repayments of lease liabilities
Proceeds from issuance of shares

(96)
–(73)
87

Purchase of treasury shares
Dividends paid

(0)
(403)

–(403)Net cash provided by (used in) financing activities

Proceeds from long-term borrowings
Repayments of long-term borrowings

9,370(4,985)

Net increase (decrease) in cash and cash equivalents

(909)

3,392

Cash and cash equivalents at beginning of period

9,540

8,630

Cash and cash equivalents at end of period

8,630

12,02310