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 Three Months Ended May 31, 2024
(Based on Japanese GAAP)
July 12, 2024
Company name:

IDOM Inc.

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

https://221616.com

President
Director CFO

Yusuke Hatori
Ryo Nishihata

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

July 16, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
NoTEL

050-1749-8962(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended May 31, 2024 (from March 1, 2024 to May 31, 2024)(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%
Three months ended May 31, 2024
124,558
18.3
4,449
60.5
4,314
60.0
2,901
55.3
Three months ended May 31, 2023
105,258 (22.4)
2,771 (47.3)
2,696 (46.6)
1,868 (65.2)
Earnings per share

Diluted earnings per share

Yen
28.90
18.61

Three months ended May 31, 2024
Three months ended May 31, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
178,887
184,031

As of May 31, 2024
As of February 29, 2024

Equity ratio

Millions of yen70,859
69,930Net assets per share%
39.1
37.5

Yen
697.05687.34

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
14.41

Yen–

Yen
19.78

Yen
34.19

20.02

–

20.61

40.63

Year ended February 29, 2024
Year ending February 28, 2025
Year ending February 28, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2025 (from March 1, 2024 to February 28, 2025)

Net sales
Millions of yen
Six months endingAugust 31, 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

223,200

9.6

10,100

42.3

9,850

42.4

6,700

38.9

66.73

456,500

8.7

20,30026.0

19,80025.1

13,60018.9

135.451

4. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:No
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 May 31, 2024

106,888,000 shares As of February 29, 2024

106,888,000 shares

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

6,480,691 shares As of February 29, 2024

6,480,691 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2024

100,407,339 shares Three months ended May 31, 2023

2100,407,339 shares

1.

Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the first quarter of the fiscal year under review (March 1 to May 31, 2024), retail unit sales at directly managed stores in Japan were 38,842(down 1.1% year on year). This result is almost on a par with the record high we achieved in the same period of the previous year. Gross profit
per retail unit also remained strong.
This mainly reflected solid gross profits per retail unit due to the continuation of appropriate price setting, coupled with solid incidental earnings
associated with retail sales primarily at large stores.
Selling, general and administrative expenses increased, chiefly reflecting higher advertising expenses linked to the opening of large stores andhigher personnel expenses due to a rise in the number of employees as the result of increased new hiring for the implementation of growthstrategies and recruitment costs.
As a result of the above, the consolidated business results for the first quarter under review were net sales of 124,558 million yen (up 18.3%year on year), operating profit of 4,449 million yen (up 60.5%), ordinary profit of 4,314 million yen (up 60.0%) and profit attributable to ownersof parent of 2,901 million yen (up 55.3%).
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 123,775 million yen (up 18.2% year on year) and segment profit of 4,433 million yen (down
62.3% year on year).
II. Others
The results were net sales of 783 million yen (up 40.7% year on year) and segment profit of -25 million yen (in the previous fiscal year, there
was a profit of 0 million yen in the corresponding period).
(2) Analysis of financial position
AssetsTotal assets as of the end of the first quarter ended May 31, 2024 were 178,887 million yen (down 2.8% compared to the end of the previousfiscal year).
Current assets were 127,504 million yen (down 5.1% compared to the end of the previous fiscal year), mainly reflecting a decrease in cash anddeposits (down 11,409 million yen), among other factors.
Non-current assets were 51,382 million yen (up 3.3% from the end of the previous fiscal year) due primarily to a increase in buildings andstructures (up 830 million yen) and an increase in construction in progress (up 429 million yen).
Liabilities
Total liabilities as of the end of the first quarter under review were 108,027 million yen (down 5.3% compared to the end of the previous fiscalyear).
Current liabilities totaled 57,073 million yen (down 9.9% from the end of the previous fiscal year) chiefly as a result of a decrease in thecurrent portion of long-term borrowings (down 11,300 million yen) and a fall in the provision for bonuses (down 889 million yen).
Non-current liabilities were 50,954 million yen (up 0.4% compared to the end of the previous fiscal year) due to an increase in Assetretirement obligations because of the opening large stores (up 118 million yen), among other factors.
Net assets
Total net assets as of the end of the first quarter ended May 31, 2024 were 70,859 million yen (up 1.3% compared to the end of the previous
fiscal year), due chiefly to a decrease in retained earnings (up 915million yen).
(3) Consolidated earnings forecast and other forward-looking statements
Looking at the consolidated earnings forecasts for the fiscal year ending February 28, 2025, there are no changes in the figures that werepresented in the “Summary of Consolidated Financial Results for the Fiscal Year Ending February 29, 2024 (Japanese GAAP)" announced onApril 12, 2024.

3

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 29, 2024

(Millions of yen)
As of May 31, 2024

30,548
12,631
85,994
5,606(498)134,281

19,13915,66587,534
5,586(421)
127,504

47,376(18,611)28,7642,214(186)2,027
5,735(3,734)
2,000
136
683
217
33,82948,206(18,964)
29,2422,302(225)
2,077
6,144
(3,844)
2,300
136
1,113
232
35,102

1,249
78
2
1,330

1,201
76
2
1,280

0
29
1,574
5,514
3,537
3,471
464
(2)
14,58949,749184,031

0
29
1,770
5,654
3,606
3,485
454
(2)
14,99951,382
178,887

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 depreciationVehicles, netTools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netLand
Construction in progress
Other
Total property, plant and equipment
Intangible assets
SoftwareGoodwill
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

4

As of February 29, 2024(Millions of yen)
As of May 31, 2024

5,783–
16,3004,151
2,556
26,809
247
1,046
48
6,384
63,327

5,691
5,000
5,000
4,010
1,539
27,946
365
156
48
7,315
57,07346,700
679
3,085
308
50,773
114,101

46,700
732
3,204
316
50,954
108,027

4,157
4,726
64,093(4,344)
68,631

4,157
4,726
65,009(4,344)69,547

381
381
10
906
69,930184,031

440
440
11
860
70,859178,887

Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term borrowingsAccounts payable - other
Income taxes payable
Contract liabilities
Deposits received
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
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

5Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
Three months ended
May 31, 2023
May 31, 2024
105,258
Net sales
124,558
88,142
Cost of sales
103,041
17,116Gross profit
21,517
14,344
Selling, general and administrative expenses
17,0682,771
Operating profit
4,449
Non-operating income
37Interest income
48
Subsidy income––
Foreign exchange gains––17Other
1455
Total non-operating income
62
Non-operating expenses
87Interest expenses
96
33
Foreign exchange losses
74
9
Other
26
130
Total non-operating expenses
197
2,696
Ordinary profit
4,314
Extraordinary income
Gain on sale of non-current assets–
058–
Subsidy income
2
Other
–
60
Total extraordinary income
0Extraordinary losses
16
Loss on retirement of non-current assets
41
Loss on closing of stores
28
1
Other
018
Total extraordinary losses
70
2,738
Profit before income taxes
4,243
473
Income taxes - current
1,402
436Income taxes - deferred(14)909
Total income taxes
1,388
1,828
Profit2,855(40)
Profit (loss) attributable to non-controlling interests
(46)
1,868
Profit attributable to owners of parent
2,901

6Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

7

Three months endedMay 31, 2023
1,828(Millions of yen)Three months ended
May 31, 2024
2,855(17)
(17)
1,810

59
59
2,914

1,851

2,960(40)(46)