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 Six Months Ended November 30, 2022
(Based on Japanese GAAP)
January 12, 2023
Company name:
DAIKOKUTENBUSSAN CO.,LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

2791
URL http://www.e-dkt.co.jp/
Representative Director and President

SHOJI OGA

Inquiries:
Senior Managing DirectorScheduled date to file Quarterly Securities Report:

MASASHI OMURA
January 13, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

Yes

TEL

086-435-1100(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended November 30, 2022 (from June 1, 2022 to November 30, 2022)(1) Consolidated operating results (cumulative)
Net sales
Six months ended November 30, 2022
Six months ended November 30, 2021

Millions of yen
116,776
109,176

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
7.0
1,073 (71.4)
1,332 (66.2)
771 (69.1)–
3,752 (18.4)
3,937 (17.2)
2,497 (14.2)

Earnings per share

Diluted earnings per share

Yen
55.36
179.29Six months ended November 30, 2022
Six months ended November 30, 2021

Yen–179.20(2) Consolidated financial position
Total assets
As of November 30, 2022
As of May 31, 2022

Net assets

Millions of yen
90,354
81,930Equity ratio

Millions of yen
47,22546,802

%
52.1
56.9

2. Cash dividends
Annual dividends per share

Year ended May 31, 2022
Year ending May 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen–

Yen
29.00

Yen
29.00

–

29.00

29.00

Year ending May 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending May 31, 2023 (from June 1, 2022 to May 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
234,600
4.7
3,923 (54.1)
4,223 (52.7)
2,793 (50.3)
200.51

1

4. Notes(1) Changes in significant subsidiaries during the six months ended November 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing 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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 2022

14,474,200 shares As of May 31, 2022

14,474,200 sharesNumber of treasury shares at the end of the period
As of November 30, 2022

545,380 shares As of May 31, 2022

545,354 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended November 30, 2022

13,928,845 shares Six months ended November 30, 2021

213,928,866 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of May 31, 2022

As of November 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,5401236,767
135

Merchandise and finished goods
Work in process

7,118
152

8,102
151

Raw materials and supplies
Other

378
4,050

573
5,485

Allowance for doubtful accounts

(203)

(203)

21,16021,01325,50137,008Land
Other, net

8,558
13,8198,558
10,527

Total property, plant and equipment

47,87856,094335

388

Construction assistance fund receivables
Guarantee deposits

1,516
4,829

1,465
4,966

Other
Allowance for doubtful accounts

6,267
(57)

6,485
(60)

Total investments and other assets

12,556

12,85760,77069,34081,93090,354

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

Intangible assets
Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of May 31, 2022

As of November 30, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Asset retirement obligations

14,523

14,972

2,587
1,810

7,715
956

567
6587
9

Other6,778

7,177

Total current liabilities

26,27331,418Long-term borrowings
Retirement benefit liability

4,095
41

6,912
42

Asset retirement obligations
Other

3,008
1,709

3,132
1,621

Total non-current liabilities

8,854

11,70935,12843,128

Shareholders' equity
Share capital

1,661

1,661

Capital surplus
Retained earnings

1,823
43,9091,823
44,276

Treasury shares

(880)

(880)

46,51446,881

Valuation difference on available-for-sale securities

131

186

Total accumulated other comprehensive income

131

186

Non-current liabilities

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive incomeShare acquisition rights

5252

Non-controlling interests

104

106

46,80247,22581,93090,354

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)Six months ended

Six months ended

November 30, 2021

November 30, 2022

Net sales
Cost of sales

109,176
82,848116,776
90,776Gross profit

26,32826,000

Selling, general and administrative expenses

22,57524,926

Operating profit

3,752

1,073Interest income
Dividend income

134134

Rental income
Insurance claim income

4489

5571

Settlement income
Other–
73

165
41

Total non-operating income

224351131324
132
2

Other

043

Total non-operating expenses

3992

Ordinary profit

3,937

1,332

Profit before income taxes

3,937

1,332

Income taxes - current
Income taxes - deferred

1,446
(8)

797(238)

Total income taxes

1,438

559

Profit

2,498

773

1

1

2,497

771

Non-operating income

Non-operating expenses
Interest expenses
Rental expenses
Provision of allowance for doubtful accounts

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

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

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

Six months ended

Six months ended

November 30, 2021

November 30, 2022

2,498

773

1354

1354

Comprehensive income

2,512

827

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,510825

11

Comprehensive income attributable to non-controllinginterests

6Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

November 30, 2021

November 30, 2022

3,937

1,332

2,509
35

3,067
20

Increase (decrease) in allowance for doubtful accounts
Interest and dividend income

1(18)

2(17)

Interest expenses
Settlement income

13–13(165)

He amount of rent offset of constrution assistance fundrececeivables

96

93

He amount of rent off set of constrution assistance fundreceivables deposited

(24)

(24)

Decrease (increase) in trade receivables
Decrease (increase) in inventories

14(677)(12)(1,179)Decrease (increase) in other current assets
Increase (decrease) in trade payables

726
(244)

(1,245)449

Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities(589)
14(101)0

Other, net

107

Subtotal

5,805

2,241

55

Interest paid
Income taxes paid

(11)
(2,350)(12)(1,615)

Net cash provided by (used in) operating activities

3,449

619

(3,413)(10,586)

–(62)

0(63)

Proceeds from sale of investment securities
Payments for asset retirement obligations

––

5(12)

Payments of guarantee deposits
Proceeds from refund of guarantee deposits(56)
22(208)
27

Payments of construction assistance fund receivables
Proceeds from collection of long-term loans receivable(10)
18(26)
7

6(37)(3,495)(10,894)

900
–

4,300
5,000(1,224)(90)(1,353)(47)

Purchase of treasury shares
Dividends paid

(0)
(403)

(0)
(396)

Net cash provided by (used in) financing activities

(818)

7,501

Net increase (decrease) in cash and cash equivalents(865)(2,773)

Cash and cash equivalents at beginning of period

7,857

9,540

Cash and cash equivalents at end of period

6,991

6,767

Depreciation
Increase (decrease) in provision for bonuses

Interest and dividends received

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

Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities

7