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 November 30, 2022
(Based on Japanese GAAP)
January 13, 2023
Company name:

IDOM Inc.

Stock exchange listing: Tokyo
Stock code:
7599
Representative:
Inquiries:

URL

https://221616.com

President
CFOYusuke Hatori
Ryo Nishihata

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

January 16, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yes
No03-5208-5503(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2022 (from March 1, 2022 to November 30, 2022)(1) Consolidated operating results (cumulative)
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%
Nine months ended November 30, 2022
324,248(5.9)
14,115(4.4)
13,698(2.5)
11,21928.4
Nine months ended November 30, 2021
344,62022.2
14,76071.3
14,046
78.9
8,738
67.2
Earnings per share

Diluted earnings per shareYen
111.74
87.03

Nine months ended November 30, 2022
Nine months ended November 30, 2021

Yen––(2) Consolidated financial position
Total assets
As of November 30, 2022
As of February 28, 2022

Net assets

Millions of yen
175,421189,766

Equity ratio

Millions of yen
59,62655,709Net assets per share%
33.7
28.5

Yen
589.00537.97

2. Cash dividends
Annual dividends per share

Year ended February 28, 2022
Year ending February 28, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
2.30
16.20

Yen––

Yen
2.30

Yen
4.60

16.20

32.40

Year ending February 28, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)

Full year

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
410,000 (10.8)
18,5000.1
17,9001.9
13,95029.2
138.931

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes
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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
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 November 30, 2022

106,888,000 shares As of February 28, 2022

106,888,000 shares

Number of treasury shares at the end of the period
As of November 30, 2022

6,480,651 shares As of February 28, 2022

6,480,641 shares

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

100,407,350 shares Nine months ended November 30, 2021

2100,407,387 shares

1.

Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the third quarter of the fiscal year under review (March 1 to November 30, 2022), retail unit sales at directly managed stores in Japan were
102,955, (down 4.3% year on year). Retail unit sales decreased due to a decline in the number of directly managed domestic stores, but retail unit
sales at large stores increased year on year.
The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29 issued on March 31,2020; hereinafter the "Revenue Recognition Accounting Standard"), etc. has been applied since the beginning of the first three months of theconsolidated fiscal year under review. Due to the adoption of the Revenue Recognition Accounting Standard and other standards, operating profit
decreased 867 million yen for the first half.
Transfer of shares in the Australian subsidiaries completed in July 2022. The consolidation period for the Australian subsidiary were fromMarch to May 2022, and the Australia segment recorded a decline in profit of 2,281 million yen year on year for the third quarter of this fiscalyear.
Selling, general and administrative expenses decreased in spite of increase in advertising expenses, due to the head office relocation which
resulted in lower rent expenses. There was also a decline in personnel expenses, attributable to a decrease in the number of employees because ofrestrained new graduate hiring.
As a result of the transfer of the shares of the Australian subsidiary, the Company posted a gain on sales of shares of subsidiaries of 795
million yen for the consolidated results and 2,871 million yen for the nonconsolidated results as extraordinary income. Furthermore, goodwill
impairment loss posted for 2021 deducted from taxable income after the transfer of shares of the Australian subsidiaries reduced corporation tax,
resident tax, and business taxes.
As a result of the above, the consolidated business results for the first nine months under review were net sales of 324,248 million yen (down5.9% year on year), operating profit of 14,115 million yen (down 4.4%), ordinary profit of 13,698 million yen (down 2.5%), and profit
attributable to owners of parent of 11,219 million yen (up 28.4%).
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 277,761 million yen (up 15.8% year on year) and segment profit (operating profit) of
12,838 million yen (up 13.5% year on year). The Japan segment recorded an increase in both sales and profit, chiefly reflecting a rise in thevehicle unit price and a decrease in selling, general & administrative expenses.
II. Australia
The results of the Australia segment were net sales of 44,607 million yen (down 56.7% year on year) and segment profit (operating profit) of
1,284 million yen (down 64.0% year on year). Results of the Australian subsidiary underperformed the year-ago level because the consolidation
period has become three months due to the share transfer.
Results for each business segment are described below.
Starting with the first quarter under review, the domestic used car sales business and the new car sales business conducted in Australia
including non-consolidated sales of subsidiaries Tokyo My Car and Gulliver Insurance are voluntarily disclosed as the domestic core businesssegment and the Australian business segment, respectively.
I. Domestic Core Business
The results of the domestic core business segment were net sales of 277,025 million yen (up 20.5% year on year) and segment profit (operatingprofit) of 13,068 million yen (up 18.2% year on year). Retail unit sales at directly managed domestic stores decreased due to a decline in thenumber of stores. However, steady retail unit sales at large stores, growth in incidental services, and a decline in selling, general andadministrative expenses resulted in an increase in both sales and profit.
II. Australian Business
The results of the Australian business segment were net sales of 44,607 million yen (down 56.7% year on year) and segment profit (operatingprofit) of 1,284 million yen (down 66.6% year on year). Results of the Australian subsidiary underperformed the year-ago level because theconsolidation period has become three months due to the share transfer.

3

Previous third quarter period (From March 1, 2021 to November 30, 2021)
Domestic core
Net sales
Segment profit(Operating profit)

Australia

Other (Differences)

Amortization ofgoodwill

Consolidated

229,837

103,123

11,658-344,620

11,0573,849

212(358)

14,760Third quarter under review (From March 1, 2022 to November 30, 2022)
Domestic core
Net sales
Segment profit(Operating profit)

Australia

Other (Differences)

Amortization of
goodwill

Consolidated

277,025

44,6072,615-

324,248

13,068

1,284

(128)

(108)

14,115(2) Analysis of financial position
AssetsTotal assets as of the end of the first nine months ended November 30, 2022 were 175,421 million yen (down 7.6% compared to the end of theprevious fiscal year).
Current assets were 133,000 million yen (down 5.8% compared to the end of the previous fiscal year), mainly reflecting decreases in notes
and accounts receivable - trade (down 2,712 million yen) and merchandise (down 7,296 million yen).
Non-current assets were 42,420 million yen (down 12.8% from the end of the previous fiscal year), due to a decrease in goodwill (down 5,906
million yen).
Liabilities
Total liabilities as of the end of the first nine months ended November 30, 2022 were 115,794 million yen (down 13.6% compared to the endof the previous fiscal year).
Current liabilities stood at 65,390 million yen (up 7.0% from the end of the previous fiscal year) due to an increase in contract liabilities (up20,432 million yen from the end of the previous year), despite a decrease in accounts payable - trade (down 19,183 million yen).
Non-current liabilities were 50,403 million yen (down 30.9% compared to the end of the previous fiscal year) due to a fall in long-termborrowings (down 20,378 million yen), among other factors.
Net assets
Total net assets as of the end of the first nine months ended November 30, 2022 were 59,626 million yen (up 7.0% compared to the end of theprevious fiscal year) due chiefly to an increase in retained earnings (up 4,073 million yen).
(3) Consolidated earnings forecast and other forward-looking statements
The number of retail unit sales is projected to remain unchanged from the previous fiscal year due to the decline in the number of stores, but
gross profit per retail unit is forecast to improve because of increase in incidental services. In addition, the number of wholesale vehicles isprojected to increase from the previous forecast.
In light of the above, we have revised our consolidated and non-consolidated performance forecasts.
For more details, please refer to “Notice on Revisions to the Full-Year Business Results Forecasts” announced today (January 13, 2023).

4

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 28, 2022

(Millions of yen)
As of November 30, 2022

45,6705,620
85,363
4,907(416)
141,146

46,4992,907
78,0665,977(450)
133,000

37,102(16,061)
21,040
298
(60)
238
4,279
(3,114)
1,164
136
1,083
23,66338,852(16,399)
22,452
236
(126)
110
4,749(3,310)
1,438
136
1,54025,678

1,465
5,995
4,314
11,775

1,338
88
2
1,429

20
129
228
4,405
4,289
3,677
438
(8)
13,181
48,620189,766

0
29
64
4,823
4,073
5,907
421
(6)
15,31242,420175,421

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netLand
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of February 28, 2022

(Millions of yen)
As of November 30, 2022

23,618
1,10110,000
4,713
3,960
9,548
–
215
1,965
884
1,327
3,750
61,0854,435–
30,000
2,860
1,008
–
20,432
343
371
–
408
5,530
65,39067,523
587
2,236
1,535
680
407
72,972
134,057

47,145
601
2,474
–
–
183
50,403
115,794

4,157
4,361
49,673(4,344)53,847

4,157
5,250
53,746(4,344)58,809

168
168
–
1,693
55,709189,766

330
330
3
483
59,626
175,421

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Advances received
Contract liabilities
Deposits received
Provision for bonuses
Provision for merchandise warranties
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
Deferred tax liabilities
Other provisions
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

6

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
Nine months ended
November 30, 2021
November 30, 2022
Net sales
344,620324,248
Cost of sales
280,249
267,921
Gross profit
64,371
56,326
Selling, general and administrative expenses
49,61042,211
Operating profit
14,760
14,115Non-operating income
Interest income
2472
Subsidy income
4626
Other
72
52
Total non-operating income
143151Non-operating expenses
Interest expenses
677
476
Foreign exchange losses
74
37
Share of loss of entities accounted for using equity
94–
methodOther
1053
Total non-operating expenses
857
567
Ordinary profit
14,046
13,698Extraordinary income
Gain on sale of non-current assets
1754
Gain on sale of shares of subsidiaries and associates–
795
Gain on liquidation of subsidiaries–
19
Compensation income
25–
Subsidy income
4591
Other516Total extraordinary income
94976
Extraordinary losses
Loss on retirement of non-current assets
22792
Loss on sale of shares of subsidiaries and associates
303–
Loss on store closings
62–
Loss on COVIT19
3–
Head office relocation expenses
870
–
Other
51
32
Total extraordinary losses
1,518
124
Profit before income taxes
12,621
14,550
Income taxes - current
3,861
3,099
Income taxes - deferred(421)
149
Total income taxes
3,439
3,248
Profit9,182
11,301
Profit attributable to non-controlling interests
443
81
Profit attributable to owners of parent8,738
11,2197Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

8

Nine months ended
November 30, 2021
9,182

(Millions of yen)
Nine months ended
November 30, 2022
11,301(159)

349

2–(156)
9,025

349
11,6508,596

11,381

428

269