Translation
Notice: This document is an except translation of original Japanese document and is only for reference purposes. In theevent of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30,2023(Based on Japanese GAAP)
August 9, 2023
Company name
HURXLEY CORPORATION
Stock exchange listingTokyo
Stock Code7561
URL https:///www.hurxley.co.jp
Representative
Chairman, President & CEO
Tatsuya Aoki
Contact
General Manager
Masaya Nakano
Scheduled date to file Quarterly Securities ReportAugust 9, 2023
Scheduled date of commencement of dividend payment
Supplementary materials for quarterly financial results:
No
Holding of quarterly financial results meeting:
NoTEL 06-6376-8088(Amounts less than one million yen are rounded down )1. Consolidated Financial Results for the three months ended June 30 2023 (from April 1, 2023 to June 30, 2023)(1)Consolidated Operating Results (Cumulative)
Percentages indicate year-on-year changes
profit attributable toNet sales
Operating income
Ordinary income Net ownersof parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended
11,136 60.8
467 472.3
612 216.4
515 429.8
June 30,2023
Three months ended
6,927 2.6
81 29.0
193 △1.6
97 △8.9
June 30,2022

Earnings per share

Diluted earnings per ShareYenYen

28.00

27.95

5.29

-(2)Consolidated Financial Position
Total assets
Millions of yen
As of June 30,2023
58,302As of March 31, 2023
58,514

Net assets
Millions of yen
22,86922,562Three months ended
June 30,2023
Three months ended
June 30,2022

Equity Ratio%39.238.6

2. Cash dividends
stYear ended March 31,2023
Year ended March 31,2024
Year ending March 31,2024 (Forecast)

1 quarter-end
Yen-

Annual dividends per share
2 quarter-end 3st quarter-end Fiscal year-end
Yen
Yen
Yen
stTotal
Yen

9.00

-

9.00

18.00

9.00

-

9.00

18.00

--1-

3. Forecast of Consolidated Financial Results for the Year Ending March 31.2024 (From April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
attributableNet sales
Operating profit
Ordinary profit toProfit
owners of parent Earnings per share
Millions
Millions
Millions
Millions%%%%Yenof yenof yenof yenof yen
Six months ending
20,000 25.0
500 △30.9
700 △19.2
500
18.0
27.18
September 30,2023
Full year
44,500 25.0
1,650
13.0
1,750
10.8
1,400
33.6
76.09
※ Notes(1)Changes in Significant subsidiaries during the three months ended June 30, 2023
(Changes in specified subsidiaries resulting in changes in the scope of consolidation):

No(2)Application of special accounting methods for preparing quarterly consolidated financial statements: No(3)Changes in accounting policies and changes or restatement of accounting estimates① Changes in accounting policies due to revision of accounting standards:② Changes in accounting policies other than the above:③ Changes in accounting estimates:④ Restatement of revisions:

NoNo
No
No

(4)Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30,2023
22,050,064 Shares
As of March 31,2023
22,050,064 Shares
Number of treasury shares at the end of the period
As of June 30,2023
3,636,850 Shares
As of March 31,2023
3,650,850 Shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
As of June 30,2023
18,402,714 Shares
As of March 31,2023
18,399,234 Shares-2-(Consolidated Results) (Millions of yen)
As of June 30,2023
Year-on-yearchange11,136
4,209
467
385

As of June
30,2022Net sales
Operating income
Ordinary income
Net profit attributable toowners of parent

6,927
81

Year on year
Up 60.8%
Up 472.3%

193612418

Up 216.4%

97515

417

Up 429.8%

Results by business segment are as follows.
(Net Sales by Segment) (Millions of yen)
As of June 30,2023
Year-on-yearchangeAs of June30,2022
Takeout boxed lunch
business
Store Assets &Solutions business
Logistics and foodprocessing business
Others
Total
Adjustments(Eliminations andCorporate)
Total

Year on year

3,874

4,092

218

Up 5.6%

2,443

3,462

1,018

Up 41.7%

1,180

4,179

2,999

Up 254.2%

94
7,592

191
11,92697
4,334

Up 102.8%
Up 57.1%

△665

△790

△124-

6,927

11,136

4,209

Up 60.8%(Operating Income by Segment) (Millions of yen)
As of June 30,2023
Year-on-yearchangeAs of June30,2022
Takeout boxed lunch
business
Store Assets &Solutions business
Logistics and foodprocessing business
Others
Total
Adjustments(Eliminations andCorporate)
Total

Year on year

△345488-244426

182

Up 74.6%

129683

Up 654.9%

94317

19176897451

Up 102.8%
Up 142.3%

△235

△301

△66-81467

385

Up 472.3%-3-

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
(As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade andcontract assets
Merchandise and finished goods
Raw materials and supplies
OthersAllowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture, and fixtures, netLand
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Land Lease Right
Goodwill
OthersTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Lease deposits
Deferred tax assets
Long-term Accounts Receivable
Net defined benefit asset
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-4-

As of June 30, 2023

11,68012,584

2,683

2,860

7,087
543
1,543
△25
23,512

6,521
502
1,437
△25
23,880

6,939
932
181
13,26045
72
21,432

6,932
907
176
13,26342
23
21,345

3,480
662
218
4,360

3,480
619
204
4,303

3,721
5
4,827
241
537
89
298
△513
9,209
35,00258,514

3,249
5
4,800
303
536
89
296
△508
8,772
34,42158,302

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable
Current portion of bonds payable
Short-term borrowings
Current portion of long-term loans
payableAccounts payable-other
Income taxes payable
Consumption tax payable
Provision for bonuses
OthersTotal current liabilities
Long-term liabilities
Corporate bonds
Long-term debt
Long-term guarantee deposited
Deferred tax liabilities
Obligations for retirement pay
Asset retirement obligations
OthersTotal noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Other accumulated comprehensive incomeValuation difference on available-for-salesecurities
Total other accumulated comprehensive
incomeStock acquisition right
Total net assets
Total liabilities and net assets-5-

As of June 30, 2023

2,905
24
3,507

3,238
17
3,286

1,924

1,939

389
278
171
250
2,487
11,939

424
146
144
379
2,481
12,05765
18,693
4,483
55
21
508
187
24,01335,952

65
18,539
4,046
14
20
511
178
23,37535,432

4,036
3,971
16,960△2,501
22,467

4,036
3,970
17,318△2,492
22,833

9233

92

33

222,562
58,514

222,869
58,302

Consolidated Statements of Income (cumulative) and Consolidated Statements of Comprehensive Income(cumulative)
Consolidated Statements of Income (cumulative)(Millions of yen)Three months ended
June 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on sales of investment securities
Rent income
Gain on cancellation of outsourcing
contracts
Subsidy income
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Rent expenses
Commissions paid
Equity in losses of affiliates
OthersTotal non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Gain on sales of investment securities
Settlement received
OthersTotal extraordinary income
Extraordinary losses
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Impairment loss
OthersTotal extraordinary loss
Current net income for the quarter before
income taxes and minority interests
Income taxes
Income taxes-deferred
Total income taxes
Net profit
Net profit attributable to owners of parent-6-

Three months ended
June 30, 2023

6,927
4,406
2,520
2,438
81

11,136
7,553
3,583
3,116
467

071
5065
53
526

31632
152

177
205

120
713540
193

21
6
92260
612

60
70
610926

93
130
4
1015

187

623

69
2090
97
97

177
△69108515515

Consolidated Statements of Comprehensive Income (cumulative)(Millions of yen)Three months ended
June 30, 2022
Net profit
Other comprehensive income
Valuation difference on available-for-salesecurities
Share of other comprehensive (loss)
income in associates
Total other comprehensive income
Quarterly comprehensive income(Comprehensive income attributable to)
Quarterly comprehensive income
attributable to owners of parent-7-

Three months ended
June 30, 2023
97515

109

△567

△2116
213

△58456213456